Nominal External Balance of Goods and Services for France
NNXGSSAXDCFRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-6,012.80
Year-over-Year Change
-35.38%
Date Range
1/1/1980 - 1/1/2025
Summary
The Nominal External Balance of Goods and Services for France measures France's trade surplus or deficit in nominal terms, providing insight into the country's international competitiveness and economic health.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the difference between the value of France's exported and imported goods and services. It is a key metric for evaluating France's trade position and overall economic performance within the global marketplace.
Methodology
The data is collected and calculated by the OECD based on official government sources.
Historical Context
Policymakers and analysts closely monitor this trend to assess France's external economic conditions and guide decisions on trade, fiscal, and monetary policies.
Key Facts
- France recorded a trade surplus of €4.3 billion in 2021.
- The trade balance has fluctuated between surpluses and deficits over the past decade.
- Exports of goods and services account for over 30% of France's GDP.
FAQs
Q: What does this economic trend measure?
A: The Nominal External Balance of Goods and Services for France measures the difference between the value of France's exported and imported goods and services.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into France's international competitiveness, trade position, and overall economic performance within the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD based on official government sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to assess France's external economic conditions and guide decisions on trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have limited historical coverage depending on the source.
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Citation
U.S. Federal Reserve, Nominal External Balance of Goods and Services for France (NNXGSSAXDCFRQ), retrieved from FRED.