Markets Actual Q2 Q3 Q4 Q1 2023
Stock Market (points) 6043.91 5856 5646 5444 5249 4880
Currency 1.05 1.04 1.03 1.02 1.01 0.99
Government Bond 10Y (%) 2.15 2.17 2.38 2.62 2.89 3.49

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.20 0.2 0.3 0.3 0.4 0.4
GDP Annual Growth Rate (%) 4.50 4 1.5 1.3 1.9 1.9
Unemployment Rate (%) 7.30 7.6 7.5 7.3 7.4 7.4
Inflation Rate (%) 5.20 5.6 6.9 7.3 5.2 2.6
Inflation Rate Mom (%) 0.70 0.6 0.2 0.5 0.4 0.5
Interest Rate (%) 0.00 0 0.75 1.25 1.5 1.75
Balance of Trade (EUR Million) -12156.10 -2620 -3000 -3330 -4420 -3740
Current Account (EUR Million) -3368.00 -3000 -2890 -1640 -750 -1750
Current Account to GDP (% of GDP) -1.00 -1.2 -1.2 -1.2 -0.9 -0.9
Government Debt to GDP (% of GDP) 112.90 112 112 112 109 109
Government Budget (% of GDP) -6.50 -4.7 -4.7 -4.7 -3.3 -3.3
Services PMI (points) 54.40 54.4 54.4 54.8 54.6 54.3
Business Confidence (points) 108.00 104 107 105 106 107
Manufacturing PMI (points) 51.00 51 54.6 55 54.8 54.5
Consumer Confidence (points) 82.00 82 89 98 103 107
Retail Sales MoM (%) 0.00 0.7 -1 0.5 0.5 0.5
Corporate Tax Rate (%) 26.50 26.5 26.5 26.5 26.5 26.5
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.20 0.2 0.3 0.3 0.4 0.4
GDP Annual Growth Rate (%) 4.50 4 1.5 1.3 1.9 1.9
GDP (USD Billion) 2630.32 2820 2820 2820 2820 2990
GDP Constant Prices (EUR Million) 584961.00 588060 592358 593811 596075 605094
Gross Fixed Capital Formation (EUR Million) 141270.00 146127 142998 142222 143954 144924
GDP per capita (USD) 35765.38 43400 43400 43400 43400 44100
GDP per capita PPP (USD) 42025.62 46340 46340 46340 46340 47040
GDP From Agriculture (EUR Million) 7469.00 7812 7636 7598 7611 7742
GDP From Construction (EUR Million) 28241.00 29346 28661 28557 28778 29100
GDP From Manufacturing (EUR Million) 55009.00 56813 55253 54929 56054 55973
GDP From Services (EUR Million) 303512.00 299219 305798 308200 309279 314056
GDP From Transport (EUR Million) 22401.00 21379 22029 22520 22827 22948
GDP From Utilities (EUR Million) 11561.00 12608 12425 12303 11781 12537

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 7.30 7.6 7.5 7.3 7.4 7.4
Employed Persons (Thousand ) 29141.90 28650 28700 28690 28690 28750
Unemployed Persons (Thousand) 2932.90 2929 3210 3180 3180 3140
Employment Rate (%) 68.00 66.7 66.8 66.9 66.9 67
Long Term Unemployment Rate (%) 2.20 2.5 2.4 2.2 2.3 2.4
Youth Unemployment Rate (%) 16.50 16.8 16.7 16.5 16.6 16.7
Labour Costs (points) 109.80 106 106 107 110 108
Wages (EUR/Month) 3183.00 3196 3199 3193 3202 3221
Wages in Manufacturing (points) 109.10 107 107 108 110 109
Wage Growth (%) 0.50 0.5 0.3 0.6 0.6 0.6
Minimum Wages (EUR/Month) 1603.12 1610 1610 1610 1610 1690
Population (Million) 67.29 67.75 67.75 67.75 67.75 68.15
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Initial Jobless Claims (Thousand) -21.70 -3 -34 -30 -30 -30
Labor Force Participation Rate (%) 73.40 72.7 72.6 72.5 72.5 72.9
Non Farm Payrolls (Thousand) 26525.20 25600 25650 25690 25690 25700
Nonfarm Payrolls Private (Thousand) 20126.30 19800 19840 19880 19880 19900
Employment Change (%) 0.60 0.4 0.3 0.6 0.6 0.6

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 5.20 5.6 6.9 7.3 5.2 2.6
Inflation Rate Mom (%) 0.70 0.6 0.2 0.5 0.4 0.5
Consumer Price Index CPI (points) 111.68 112 114 116 116 119
Harmonised Consumer Prices (points) 113.60 114 116 117 118 120
Core Consumer Prices (points) 107.96 106 106 107 108 109
Core Inflation Rate (%) 3.70 1.2 1.5 1.4 1.4 1.8
Producer Prices (points) 134.80 114 116 124 137 127
Producer Prices Change (%) 27.80 6 3.5 2.2 2.2 2
Food Inflation (%) 4.30 1.9 1.7 1.6 1.4 1.3
CPI Housing Utilities (points) 118.78 114 118 121 124 124
CPI Transportation (points) 121.21 122 122 123 123 124

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 0.00 0 0.75 1.25 1.5 1.75
Interbank Rate (%) 0.29 0.29 1.04 1.54 1.79 1.79
Banks Balance Sheet (EUR Million) 11760942.00 11550000 11580000 11570000 11590000 11870000
Loans to Private Sector (EUR Million) 3007689.00 2980841 3018388 3058262 3114436 3168360
Loan Growth (%) 5.73 3.7 4.1 4.4 4.4 3.6
Private Debt to GDP (%) 296.50 268 268 268 268 264
Central Bank Balance Sheet (EUR Million) 2064389.00 1995000 2051000 2110000 2110000 2190000

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (EUR Million) -12156.10 -2620 -3000 -3330 -4420 -3740
Current Account (EUR Million) -3368.00 -3000 -2890 -1640 -750 -1750
Current Account to GDP (% of GDP) -1.00 -1.2 -1.2 -1.2 -0.9 -0.9
Imports (EUR Million) 58895.80 50320 48500 49100 50150 54000
Exports (EUR Million) 46739.80 47700 45500 45770 45730 50260
External Debt (EUR Million) 6402736.00 6422000 6445000 6461000 6461000 6511000
Foreign Direct Investment (EUR Million) 5282.00 2870 3200 2520 2520 2990
Tourism Revenues (EUR Million) 4399.00 4170 4450 3470 3470 3990
Tourist Arrivals (Thousand) 1239.00 2100 2650 2000 2000 2280

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 112.90 112 112 112 109 109
Government Budget (% of GDP) -6.50 -4.7 -4.7 -4.7 -3.3 -3.3
Government Budget Value (EUR Billion) -67.32 -83 -135 -116 -116 -110
Government Spending (EUR Million) 142764.00 147000 144073 147000 145477 151000
Government Spending to GDP (% of GDP) 62.10 56 56 56 56 55
Government Revenues (EUR Billion) 104.00 143 191 324 324 332
Government Debt (EUR Billion) 2813.00 2730 2750 2790 2790 2850
Fiscal Expenditure (EUR Billion) 155.08 226 326 440 440 442

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 26.50 26.5 26.5 26.5 26.5 26.5
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 68.00 59.2 68 68 68 68
Social Security Rate For Companies (%) 45.00 45 45 45 45 45
Social Security Rate For Employees (%) 23.00 14.2 23 23 23 23

Business Actual Q2 Q3 Q4 Q1 2023
Services PMI (points) 54.40 54.4 54.4 54.8 54.6 54.3
Business Confidence (points) 108.00 104 107 105 106 107
Manufacturing PMI (points) 51.00 51 54.6 55 54.8 54.5
Composite PMI (points) 52.80 52.8 54.4 54.6 54.6 54.6
Industrial Production (%) -0.33 3.6 3.2 2.9 2.9 2.9
Industrial Production Mom (%) -0.10 0.7 -0.8 -0.8 -0.8 0.6
Manufacturing Production (%) 0.78 4.5 3.8 3.2 3.2 3.2
Car Registrations 126813.00 248700 184900 205200 205200 215200
Mining Production (%) -0.26 4.9 4 3.6 3.6 3.6
Business Climate Indicator (points) 104.00 104 110 107 107 105

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 82.00 82 89 98 103 107
Retail Sales MoM (%) 0.00 0.7 -1 0.5 0.5 0.5
Retail Sales YoY (%) 10.30 4.8 4 3.6 2.3 3.6
Consumer Spending (EUR Million) 314597.00 312508 322722 323316 320574 329459
Disposable Personal Income (EUR Million) 395396.00 399770 394743 400652 402909 408264
Personal Savings (%) 16.73 14.3 14 13.6 13.6 13.4
Households Debt To GDP (% of GDP) 67.30 65 65 65 65 62
Households Debt To Income (%) 102.18 98 98 98 98 97
Personal Spending (%) -0.40 0.7 -1 0.7 0.7 0.7
Gasoline Prices (USD/Liter) 2.20 2.28 2.36 2.45 2.53 2.53
Consumer Credit (EUR Million) 1655997.00 1648987 1635647 1654947 1679654 1686391
Bank Lending Rate (%) 1.52 1.52 2.27 2.77 3.02 3.02

Housing Actual Q2 Q3 Q4 Q1 2023
Construction Output (%) 5.20 3.6 3.3 3.2 3.3 3.2
Housing Index (points) 127.57 128 127 130 130 136
Housing Starts (units) 28400.00 36200 37200 41400 420000 44400
Home Ownership Rate (%) 64.00 62.5 62.5 62.5 62.5 62
New Home Sales (Units) 29364.00 33800 29700 38200 38200 43900
Construction PMI (points) 50.90 54 54.5 54.7 54.7 54.7
Building Permits 40900.00 34800 36500 42100 42100 45600


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. France Forecast - was last updated on Wednesday, June 29, 2022.