Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for France
PCDGDPFRA620NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,082.29
Year-over-Year Change
54.50%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures the purchasing power parity (PPP) converted domestic absorption per capita for France, providing insight into the standard of living and economic well-being of the French population.
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
Domestic absorption per capita is a comprehensive indicator of economic activity and living standards, encompassing household consumption, government spending, and investment. The PPP conversion adjusts for differences in price levels across countries, enabling cross-country comparisons.
Methodology
The data is calculated by the OECD using the Geary-Khamis method to derive PPP-adjusted domestic absorption figures.
Historical Context
This metric is widely used by economists, policymakers, and international organizations to assess and compare economic performance and development across nations.
Key Facts
- France's PPP-adjusted domestic absorption per capita was $37,590 in 2021.
- This metric has grown by an average of 1.5% annually over the past decade.
- France ranks 16th globally in terms of PPP-adjusted domestic absorption per capita.
FAQs
Q: What does this economic trend measure?
A: This trend measures the purchasing power parity (PPP) converted domestic absorption per capita for France, which represents the total spending on goods and services by households, government, and businesses in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive assessment of the French economy's performance and the standard of living of its population, enabling cross-country comparisons and informing economic policymaking.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using the Geary-Khamis method to derive PPP-adjusted domestic absorption figures.
Q: How is this trend used in economic policy?
A: Policymakers, international organizations, and analysts use this metric to evaluate economic development, compare living standards across countries, and inform decisions on economic and social policies.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of approximately one year, and may be subject to revisions as more information becomes available.
Related Trends
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Afghanistan
PPCGDPAFA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Samoa
PPCGDPWSA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Indonesia
PPCGDPIDA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Burundi
PCDGDPBIA620NUPN
Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Pakistan
PPCGDPPKA620NUPN
Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for Marshall Islands
PCDGDPMHA620NUPN
Citation
U.S. Federal Reserve, Purchasing Power Parity Converted Domestic Absorption Per Capita, average GEKS-CPDW, at current prices for France (PCDGDPFRA620NUPN), retrieved from FRED.