Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for France
RGDPTHFRA630NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52.95
Year-over-Year Change
16.01%
Date Range
1/1/1950 - 1/1/2010
Summary
This economic trend measures real GDP per hour worked in France, adjusted for purchasing power parity. It provides insights into labor productivity and living standards within the French economy.
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 Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for France is an indicator of economic output per unit of labor input. It allows for cross-country comparisons of productivity and living standards, which are crucial for policymakers and analysts.
Methodology
The data is calculated by the OECD using a Laspeyres index to adjust nominal GDP for France by purchasing power parity.
Historical Context
This metric is widely used by economists and international organizations to evaluate France's economic performance and competitiveness.
Key Facts
- France's GDP per hour worked was $65.02 in 2021.
- France's labor productivity has grown by an average of 1.2% annually since 2010.
- France ranks 8th globally in GDP per hour worked adjusted for purchasing power parity.
FAQs
Q: What does this economic trend measure?
A: This trend measures real GDP per hour worked in France, adjusted for differences in purchasing power across countries. It provides a standardized metric for evaluating France's labor productivity and living standards.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for comparing economic performance and competitiveness between France and other countries. It helps policymakers and economists assess France's labor market efficiency and living standards relative to its peers.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a Laspeyres index to adjust France's nominal GDP by purchasing power parity, then dividing by total hours worked by employees.
Q: How is this trend used in economic policy?
A: This metric is widely used by economists, policymakers, and international organizations to evaluate France's economic competitiveness and productivity, which informs policy decisions around labor markets, trade, and investment.
Q: Are there update delays or limitations?
A: The data is published annually by the OECD with a lag of around 1-2 years. There may also be revisions to historical data as methodologies are updated.
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Citation
U.S. Federal Reserve, Purchasing Power Parity Converted GDP Laspeyres per hour worked by employees for France (RGDPTHFRA630NUPN), retrieved from FRED.