Markets Actual Q1 Q2 Q3 Q4 2020
Currency 1.14 1.13 1.13 1.12 1.12 1.1
Stock Market (points) 4810.74 4616 4562 4510 4458 4356
Government Bond 10Y (%) 0.63 0.67 0.7 0.73 0.77 0.83
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.4 0.5 0.4 0.6 0.6
GDP Annual Growth Rate (%) 1.40 1.5 1.8 1.8 1.7 2.2
Unemployment Rate (%) 9.10 8.5 8.1 8 7.7 7.2
Inflation Rate (%) 1.60 1.7 1.5 1.6 1.7 2
Inflation Rate Mom (%) 0.00 0.5 0.3 -0.3 0.5 0.4
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Balance of Trade (EUR Million) -5099.00 -3200 -2800 -2200 -2440 -1650
Current Account (EUR Million) -2756.00 -2200 -2100 -1720 -590 -550
Current Account to GDP (%) -0.80 -1 -1 -1 -1 -0.9
Government Debt to GDP (%) 97.00 98.6 98.6 98.6 98.6 98
Government Budget (% of GDP) -2.60 -2.8 -2.8 -2.8 -2.8 -2.7
Business Confidence (Index Points) 104.00 101 105 104 102 101
Manufacturing PMI 49.70 50.9 54 54.5 54 53.6
Services PMI (Index Points) 49.00 52.9 56 55.7 54.2 54
Consumer Confidence (Index Points) 87.00 91 94 95 97 99
Retail Sales MoM (%) 0.10 0.5 -0.3 0.7 0.5 0.4
Corporate Tax Rate (%) 33.30 33.3 33.3 33.3 33.3 33.3
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.4 0.5 0.4 0.6 0.6
GDP Annual Growth Rate (%) 1.40 1.5 1.8 1.8 1.7 2.2
GDP (USD Billion) 2582.50 2890 2890 2890 2890 2920
GDP Constant Prices (EUR Million) 571355.00 577181 579808 581639 581068 593852
Gross Fixed Capital Formation (EUR Million) 131776.00 131478 132981 134148 134016 136965
GDP per capita (USD) 42567.74 43200 43200 43200 43200 43600
GDP per capita PPP (USD) 38605.67 39700 39700 39700 39700 40400
GDP From Agriculture (EUR Million) 7813.00 7946 7965 7954 7946 8121
GDP From Construction (EUR Million) 27913.00 28312 28502 28415 28388 29012
GDP From Manufacturing (EUR Million) 58035.00 58658 58857 59080 59022 60320
GDP From Services (EUR Million) 291311.00 293375 295071 296555 296263 302781
GDP From Transport (EUR Million) 22930.00 23115 23009 23343 23320 23833
GDP From Utilities (EUR Million) 12499.00 12923 12792 12724 12711 12991
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 9.10 8.5 8.1 8 7.7 7.2
Employed Persons (Thousand ) 28184.20 28450 28550 28620 28700 29100
Unemployed Persons (Thousand) 3410.80 3369 3362 3348 3340 3290
Employment Rate (%) 65.90 65.7 65.8 65.9 66.1 66.6
Long Term Unemployment Rate (%) 3.40 3.2 3.2 3.2 3 3
Youth Unemployment Rate (%) 21.80 19 18.6 18.2 18 17.6
Labour Costs (Index Points) 108.20 109 109 110 110 112
Productivity (Index Points) 118.72 121 122 123 124 127
Job Vacancies (Thousand) 289.20 334 342 326 232 241
Wages (EUR/Month) 2998.00 3440 3440 3440 3440 3520
Wages in Manufacturing (Index Points) 102.00 119 119 120 121 123
Minimum Wages (EUR/Month) 1521.22 1521 1521 1521 1521 1650
Wage Growth (%) 0.40 0.5 0.6 0.4 0.6 0.6
Population (Million) 67.19 67.55 67.55 67.55 67.55 68.06
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Initial Jobless Claims (Thousand) -15.10 17.9 -7.6 -46.2 -4.4 -6
Labor Force Participation Rate (%) 72.30 72.6 72.5 72.5 72.6 72.8
Manufacturing Payrolls (Thousand) 2772.80 2850 2870 2880 2900 2950
Living Wage Family (EUR/Month) 1790.00 1840 1840 1840 1840 1890
Living Wage Individual (EUR/Month) 1080.00 1190 1190 1190 1190 1250
Non Farm Payrolls (Thousand) 25173.60 25280 25340 25400 25450 25640
Nonfarm Payrolls Private (Thousand) 19392.30 19530 19580 19610 19650 19790
Part Time Employment (Thousand) 4948.80 4880 4880 4890 4890 4930
Employment Change (%) 0.10 0.4 0.4 0.5 0.6 0.5
Government Payrolls (Thousand) 5781.30 5750 5750 5790 5800 5850
Full Time Employment (Thousand) 21849.10 22500 22600 22650 22700 22900
Wages Low Skilled (EUR/Month) 1610.00 1750 1750 1750 1750 1830
Wages High Skilled (EUR/Month) 3120.00 3270 3270 3270 3270 3360
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.60 1.7 1.5 1.6 1.7 2
Inflation Rate Mom (%) 0.00 0.5 0.3 -0.3 0.5 0.4
Consumer Price Index CPI (Index Points) 103.47 104 105 105 105 107
Harmonised Consumer Prices (Index Points) 104.10 109 105 106 116 121
Core Consumer Prices (Index Points) 101.92 103 103 103 104 105
Core Inflation Rate (%) 0.70 1.4 1.4 1.5 1.6 1.8
Producer Prices (Index Points) 104.30 104 104 106 107 109
Producer Prices Change (%) 2.60 2.2 1.9 2.1 2.4 2.3
Export Prices (Index Points) 117.30 116 117 117 118 120
Import Prices (Index Points) 103.90 103 104 105 105 107
Food Inflation (%) 2.50 2.2 2.4 2.3 2.2 2.5
CPI Housing Utilities (Index Points) 104.90 105 105 106 107 109
CPI Transportation (Index Points) 106.36 106 108 108 108 110
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 0.00 0 0 0.25 0.25 0.75
Interbank Rate (%) -0.31 -0.32 -0.32 -0.27 -0.22 -0.22
Money Supply M1 (EUR Million) 1261730.00 1360000 1390000 1420000 1440000 1590000
Money Supply M2 (EUR Million) 2123062.00 2220000 2250000 2290000 2320000 2420000
Money Supply M3 (EUR Million) 2520217.00 2620000 2660000 2690000 2740000 2850000
Banks Balance Sheet (EUR Million) 9099783.00 9450000 9550000 9610000 9650000 9780000
Loans to Private Sector (EUR Million) 2467815.00 2540000 2580000 2600000 2620000 2860000
Loan Growth (%) 6.29 4 3.6 3.4 3.2 3.2
Private Debt to GDP (%) 233.97 221 221 221 221 217
Central Bank Balance Sheet (EUR Million) 1093242.00 1320000 1370000 1400000 1450000 1750000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (EUR Million) -5099.00 -3200 -2800 -2200 -2440 -1650
Current Account (EUR Million) -2756.00 -2200 -2100 -1720 -590 -550
Current Account to GDP (%) -0.80 -1 -1 -1 -1 -0.9
Imports (EUR Million) 46272.00 44800 45400 46640 47800 49500
Exports (EUR Million) 41173.00 41600 42600 44440 45360 47850
External Debt (EUR Million) 5157170.00 5110000 5150000 5170000 5190000 5250000
Terms of Trade (Index Points) 112.90 113 112 111 112 112
Foreign Direct Investment (EUR Million) 5387.00 4950 1500 3460 3720 4330
Capital Flows (EUR Million) -13176.00 -18700 2500 -2200 19100 15100
Remittances (EUR Million) 43.00 45 45 45 45 45
Gold Reserves (Tonnes) 2436.00 2436 2436 2436 2436 2436
Tourism Revenues (EUR Million) 3157.00 2620 4950 4790 2680 2750
Tourist Arrivals (Thousand) 82600.00 85700 85700 85700 85700 86200
Crude Oil Production (BBL/D/1K) 16.00 15 15 15 15 15
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 97.00 98.6 98.6 98.6 98.6 98
Government Budget (% of GDP) -2.60 -2.8 -2.8 -2.8 -2.8 -2.7
Government Budget Value (EUR Billion) -95.64 -26.8 -58 -73 -64.9 -61.8
Government Spending (EUR Million) 136072.00 137474 138229 138521 138385 141430
Government Spending to GDP (%) 56.50 55.5 54.5 53.5 52.5 51.5
Government Revenues (EUR Billion) 272.21 85 170 247 322 327
Government Debt (EUR Billion) 2322.30 2380 2400 2410 2410 2470
Fiscal Expenditure (EUR Billion) 361.10 112 228 320 387 389
Asylum Applications (persons) 8620.00 7150 5900 6250 7400 5100
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 33.30 33.3 33.3 33.3 33.3 33.3
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Social Security Rate (%) 59.20 59.2 59.2 59.2 59.2 59.2
Social Security Rate For Companies (%) 45.00 45 45 45 45 45
Social Security Rate For Employees (%) 14.20 14.2 14.2 14.2 14.2 14.2
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 104.00 101 105 104 102 101
Manufacturing PMI 49.70 50.9 54 54.5 54 53.6
Services PMI (Index Points) 49.00 52.9 56 55.7 54.2 54
Composite Pmi (Index Points) 48.70 52.5 55.1 55.4 55.1 54
Industrial Production (%) -2.10 2.5 2.9 2.5 2.2 2.3
Industrial Production Mom (%) -1.30 0.5 -0.2 0.2 0.6 0.4
Manufacturing Production (%) -2.20 2.4 2.5 2.2 1.9 2.2
Capacity Utilization (%) 85.20 85.7 85.7 85.9 85.9 86
New Orders (Index Points) -10.80 -6 -4 -7 -8 -10
Bankruptcies (Companies) 338.00 312 310 295 330 340
Zew Economic Sentiment Index -28.30 4.4 11.5 15.7 19 22
Car Registrations 162340.00 192000 186500 191500 195100 199400
Mining Production (%) -2.80 3 2.7 2.6 2.5 2.2
Steel Production (Thousand Tonnes) 1352.20 1450 1500 1400 1300 1380
Changes In Inventories (EUR Million) 2589.00 6900 6000 7500 5100 4500
Electricity Production (Gigawatt-hour) 44439.00 52700 41500 41500 56200 56800
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 87.00 91 94 95 97 99
Retail Sales MoM (%) 0.10 0.5 -0.3 0.7 0.5 0.4
Retail Sales YoY (%) 1.00 4.6 4.2 3.8 3.6 2.7
Consumer Spending (EUR Million) 308701.00 312295 312895 314258 313949 320856
Disposable Personal Income (EUR Million) 358295.00 366000 368000 371000 375000 389000
Personal Savings (%) 14.41 14.7 14.7 14.8 14.8 15.1
Households Debt To GDP (% of GDP) 59.10 56 56 56 56 52
Households Debt To Income (%) 93.29 84.6 84.6 84.6 84.6 83.5
Personal Spending (%) -0.30 -0.4 -0.3 0.5 0.7 0.6
Bank Lending Rate (%) 1.72 1.67 1.67 1.72 1.77 1.77
Consumer Credit (EUR Million) 1390766.00 1490000 1520000 1550000 1590000 1780000
Gasoline Prices (USD/Liter) 1.69 1.59 1.55 1.52 1.48 1.48
Housing Actual Q1 Q2 Q3 Q4 2020
Construction Output (%) 0.50 2.6 2.5 2.3 2.2 2.1
Housing Index (Index points) 106.31 108 109 110 111 115
Housing Starts (units) 33700.00 39100 37100 37400 47800 50300
Home Ownership Rate (%) 64.90 63.2 63.2 63.2 63.2 63
New Home Sales 27395.00 32900 34800 32400 38500 40200
Construction Pmi 53.00 49.4 52.5 53.4 54.2 54
Building Permits 34900.00 47500 46400 49900 50200 55100


This page has economic forecasts for France including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the France economy.