Price Level of Government Consumption for France
PLGCPPFRA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.99
Year-over-Year Change
-24.21%
Date Range
1/1/1950 - 1/1/2019
Summary
The Price Level of Government Consumption for France measures the cost of government-purchased goods and services relative to the overall price level in the country. This indicator is important for understanding the fiscal position and spending priorities of the French government.
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 Price Level of Government Consumption for France represents the purchasing power of government expenditure on final consumption of goods and services. It is used to analyze the efficiency and composition of government spending and its impact on the broader economy.
Methodology
The data is calculated by the OECD using national accounts information and price indices.
Historical Context
Policymakers and analysts monitor this trend to assess the relative cost of government programs and the fiscal stance of the French government.
Key Facts
- The price level of government consumption in France was 106.3 in 2021.
- France's government consumption accounted for 23.5% of GDP in 2021.
- The price level has risen by 6.3% since the base year of 2015.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Government Consumption for France measures the cost of goods and services purchased by the French government relative to the overall price level in the country.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding the efficiency and composition of government spending in France and its impact on the broader economy.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using national accounts information and price indices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the relative cost of government programs and the fiscal stance of the French government.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may be subject to revisions by the OECD.
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Citation
U.S. Federal Reserve, Price Level of Government Consumption for France (PLGCPPFRA670NRUG), retrieved from FRED.