France GDP chained base year price index: all products
France GDP chained base year price index: all products stood at 113 in 2025, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Annual national accounts table (Value · Annual), with a complete series running from 1949 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Annual national accounts table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross domestic product | |||||||||||
| Gross domestic product, product approach - All institutional sectors - All products - Chained base year price index (unbalanced) | 113 | 111.8 | 109.6 | 104.3 | 101.2 | 100 | 97.1 | 95.9 | 94.9 | 94.3 | |
| Gross domestic product, product approach - All institutional sectors - All products - Chained base year price (unbalanced) | 2,646,746 | 2,625,622 | 2,586,706 | 2,545,145 | 2,477,828 | 2,318,276 | 2,504,637 | 2,454,866 | 2,415,116 | 2,365,821 |
Understanding france GDP chained base year price index: all products
This series tracks the implicit price deflator for overall output across all institutional sectors and product categories, expressed as an index relative to the reference year. It isolates pure price changes from physical volume shifts by dividing monetary aggregates by their chained-volume equivalents. Unlike nominal aggregates that conflate inflation with physical expansion, this index specifically isolates shifts in the general price level of total domestic production.
Interpreting this index requires accounting for methodology updates, such as periodic base year shifts and reclassifications of product taxonomies, which can create subtle breaks in long historical runs. Analysts should examine the index alongside nominal and real aggregates to understand how much of overall monetary expansion stems from price adjustments rather than physical output growth. Because this index captures economy-wide changes, it differs substantially from consumer-facing price measures that reflect household basket purchases rather than total domestic value added.
Frequently asked questions
- What does a chained base year price index measure?
- It measures the average price evolution of all goods and services produced domestically relative to the chosen reference year.
- How does this index differ from a standard consumer price index?
- It covers total domestic output, including capital goods and government services, rather than just household consumer purchases.
- Why are base year changes important when reading this series?
- Updating the reference year incorporates new relative price structures and industry weightings, which can alter historical growth trajectories.