Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for France
PGDPUSFRA621NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.64
Year-over-Year Change
0.10%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures France's purchasing power parity (PPP) converted GDP per capita relative to the United States. It provides insights into the comparative economic well-being of the two countries.
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
The PPP-converted GDP per capita metric adjusts for differences in price levels between countries, allowing for more accurate cross-country comparisons of economic output and living standards. This series tracks France's position relative to the U.S. over time.
Methodology
The data is calculated using the Geary-Khamis (G-K) method, a widely-used approach for PPP conversion.
Historical Context
This trend is valuable for economists and policymakers analyzing international competitiveness and standards of living.
Key Facts
- France's GDP per capita was 84% of the U.S. level in 2020.
- France's relative position has declined from 92% of the U.S. in 1990.
- PPP conversion accounts for differences in cost of living between countries.
FAQs
Q: What does this economic trend measure?
A: This trend measures France's purchasing power parity (PPP) converted GDP per capita relative to the United States. It adjusts for price level differences to enable more accurate cross-country comparisons of economic output and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the comparative economic well-being and competitiveness of France and the U.S. over time, which is highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated using the Geary-Khamis (G-K) method, a widely-used approach for PPP conversion.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze international competitiveness, standards of living, and other macroeconomic factors that inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be delays in the availability of the latest data, as PPP conversion requires complex international price and exchange rate comparisons.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Per Capita Relative to the United States, G-K method, at current prices for France (PGDPUSFRA621NUPN), retrieved from FRED.