The French economy expanded 0.4 percent quarter-on-quarter in Q1 2021, easily beating market consensus of a 0.1 percent growth and rebounding from a 1.4 percent contraction in Q4, helped by President Emmanuel Macron's decision to put off the tougher curbs imposed in other European countries, preliminary data showed. There was an upturn in both household consumption (0.3 percent vs -5.7 percent in Q4) and government spending (0.5 percent vs -0.1 percent), while fixed investment growth accelerated (2.2 percent vs 1.3 percent). Meantime, inventory changes made no contribution to the growth (vs 0.4 points in Q4). At the same time, net foreign demand contributed negatively to the GDP as exports (-1.5 percent vs 6.1 percent) declined more than imports (-0.1 percent vs 1.7 percent). The economic rebound was limited, however, as the GDP is still 4.4 percent below its level of the December quarter of 2019. source: INSEE, France
GDP Growth Rate in France averaged 0.75 percent from 1949 until 2021, reaching an all time high of 18.50 percent in the third quarter of 2020 and a record low of -13.60 percent in the second quarter of 2020. This page provides the latest reported value for - France GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
GDP Growth Rate in France is expected to be -0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in France to stand at 0.80 in 12 months time. In the long-term, the France GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.