France GDP Growth Rate 1949-2018 | Data | Chart | Calendar | Forecast

The French economy grew by 0.7 percent on quarter in the three months to December of 2017, beating earlier estimates of 0.6 percent and following a 0.5 percent expansion in the previous quarter, as exports rose faster than initially thought. Year-on-year, the GDP rose by 2.5 percent, in line with the second estimate and following a 2.3 percent expansion in the previous period. It was the highest growth rate since the first quarter of 2011. For full 2017, the economy expanded by 2 percent, its best performance since 2011. GDP Growth Rate in France averaged 0.78 percent from 1949 until 2017, reaching an all time high of 7.70 percent in the third quarter of 1968 and a record low of -5 percent in the second quarter of 1968.

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French Q4 GDP Growth Revised Up to 0.7%

The French economy grew by 0.7 percent on quarter in the three months to December of 2017, beating earlier estimates of 0.6 percent and following a 0.5 percent expansion in the previous quarter. Exports rose faster than initially thought.

In the fourth quarter, positive contribution to GDP growth came from net trade (0.7 percentage points), fixed investment (0.3 percentage points) and household spending (0.1 percentage points). Meanwhile, changes in inventories had a negative contribution of 0.4 percentage points.

Exports grew by 2.5 percent, faster than a 2.4 percent gain previously estimated and much stronger than a 1 percent increase in the preceding quarter; while imports rose by only 0.3 percent, after a 2.2 percent growth in the previous period.

Gross fixed capital formation rose 1.1 percent, compared with a second estimate of 1.2 percent and after a 0.9 percent rise in the September quarter. Meanwhile, household consumption increased by 0.2 percent (vs 0.5 percent in Q3) and government expenditure went up by 0.3 percent (vs 0.6 percent in Q3).

Year-on-year, the GDP rose by 2.5 percent, following a 2.3 percent increase in the third quarter. It was the fastest pace of expansion since the first quarter of 2011.

For full 2017, the economy expanded by 2 percent, its best performance since 2011, compared with 1.1 percent in 2016.

Insee l Rida Husna | rida@tradingeconomics.com
3/26/2018 7:38:04 AM

Recent Releases

French Q4 GDP Growth Confirmed at 0.6%
The French economy grew by 0.6 percent on quarter in the three months to December of 2017, unrevised from the preliminary estimate and following a 0.5 percent expansion in the previous quarter.
Published on 2018-02-28

French Q4 GDP Growth Beats Estimates
The French economy advanced 0.6 percent on quarter in the three months to December of 2017, after a downwardly revised 0.5 percent growth in the previous quarter and above market consensus of a 0.5 percent expansion, the preliminary estimate showed. It marked the sixth straight quarter of growth, mainly driven by fixed investment and exports while household consumption and government spending went up at slower paces. For full 2017, the economy expanded by 1.9 percent, the strongest growth rate since 2011.
Published on 2018-01-30

French Q3 GDP Growth Revised Up to 0.6%
The French economy expanded by 0.6 percent on quarter in the three months to September 2017, above the second estimate of 0.5 percent, as government spending increased faster than previously expected. Household consumption was confirmed to rise at a faster pace while fixed investment growth slowed and foreign trade contributed negatively.
Published on 2017-12-22

French Q3 GDP Growth Confirmed at 0.5%
The French economy advanced 0.5 percent quarter-on-quarter in the three months to September 2017, following a 0.6 percent expansion in the previous period and matching the preliminary estimate. Growth was mainly driven by household consumption while fixed investment rose at softer pace and foreign trade contributed negatively.
Published on 2017-11-29

Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-01-30	06:30 AM	GDP Growth Rate QoQ 1st Est	0.6%	0.5%	0.6%	0.5%
2018-02-28	07:45 AM	GDP Growth Rate QoQ 2nd Est	0.6%	0.5%	0.6%	0.6%
2018-03-26	06:45 AM	GDP Growth Rate QoQ Final	0.7%	0.5%	0.6%	0.6%
2018-04-27	05:30 AM	GDP Growth Rate QoQ 1st Est		0.7%	0.4%	0.4%
2018-05-30	06:45 AM	GDP Growth Rate QoQ 2nd Est		0.7%
2018-06-22	06:45 AM	GDP Growth Rate QoQ Final		0.7%

France GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.70	0.50	7.70	-5.00	percent	[+]
GDP Annual Growth Rate	2.50	2.30	12.50	-3.80	percent	[+]
GDP	2465.45	2433.56	2923.47	62.65	USD Billion	[+]
GDP Constant Prices	545647.00	541917.00	545647.00	68907.00	EUR Million	[+]
Gross Fixed Capital Formation	122307.00	120934.00	122307.00	11800.00	EUR Million	[+]
GDP per capita	42013.29	41689.71	42013.29	12991.27	USD	[+]
GDP per capita PPP	38058.87	37765.75	38058.87	29527.97	USD	[+]
GDP From Agriculture	8367.00	8300.00	8843.00	2165.00	EUR Million	[+]
GDP From Construction	24900.00	24801.00	30384.00	6440.00	EUR Million	[+]
GDP From Manufacturing	56613.00	55797.00	56613.00	7291.00	EUR Million	[+]
GDP From Services	281899.00	279464.00	281899.00	26222.00	EUR Million	[+]
GDP From Transport	23438.00	23046.00	23438.00	1600.00	EUR Million	[+]
GDP From Utilities	10996.00	10915.00	12752.00	535.00	EUR Million	[+]

France GDP Growth Rate

France is the seventh largest economy in the world and the second largest in the Euro Area. Composition of the GDP on the expenditure side: household consumption (55 percent); government expenditure (24 percent) and gross fixed capital formation (22 percent). Exports of goods and services account for 29 percent of GDP while imports account for 31 percent, subtracting 2 percent from total GDP. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.70	0.50	7.70	-5.00	1949 - 2017	percent	Quarterly

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GDP growth rate by Country

Country	Last		Previous	Highest	Lowest
United States	2.90	Dec/17	3.2	16.9	-10	%	Quarterly
India	1.80	Dec/17	1.8	5.4	-1.7	%	Quarterly
Turkey	1.80	Dec/17	1.3	5.6	-5.2	%	Quarterly
China	1.40	Mar/18	1.6	2.4	1.3	%	Quarterly
Mexico	0.80	Dec/17	-0.2	2.9	-5.8	%	Quarterly
Netherlands	0.80	Dec/17	0.4	1.7	-3.2	%	Quarterly
France	0.70	Dec/17	0.5	7.7	-5	%	Quarterly
Spain	0.70	Dec/17	0.7	1.6	-1.6	%	Quarterly
Euro Area	0.60	Dec/17	0.7	1.3	-2.9	%	Quarterly
Germany	0.60	Dec/17	0.7	4	-4.5	%	Quarterly
Switzerland	0.60	Dec/17	0.7	2.3	-1.6	%	Quarterly
Australia	0.40	Dec/17	0.7	4.4	-2	%	Quarterly
Canada	0.40	Dec/17	0.4	3.33	-2.3	%	Quarterly
Japan	0.40	Dec/17	0.6	3.2	-4.9	%	Quarterly
United Kingdom	0.40	Dec/17	0.5	5	-2.7	%	Quarterly
Italy	0.30	Dec/17	0.4	6	-2.8	%	Quarterly
Brazil	0.10	Dec/17	0.2	3.6	-4.1	%	Quarterly
South Korea	-0.20	Dec/17	1.4	7.8	-7	%	Quarterly
Russia	-0.38	Dec/17	0.04	4.1	-5.4	%	Quarterly
Indonesia	-1.70	Dec/17	3.19	4.01	-3.57	%	Quarterly