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

The French economy grew 0.2 percent on quarter in the three months to June of 2018, the same pace as in the previous period and in line with the preliminary reading, the second estimate showed. The pace of expansion remained at the weakest level since the third quarter of 2016 mainly due to a drop in consumer spending and a negative contribution from external trade, while fixed investment rose firmly. GDP Growth Rate in France averaged 0.78 percent from 1949 until 2018, reaching an all time high of 8 percent in the third quarter of 1968 and a record low of -5.30 percent in the second quarter of 1968.

France GDP Growth Rate
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French Q2 GDP Growth Confirmed at 0.2%


The French economy grew 0.2 percent on quarter in the three months to June of 2018, the same pace as in the previous period and in line with the preliminary reading, the second estimate showed. The pace of expansion remained at the weakest level since the third quarter of 2016 mainly due to a drop in consumer spending and a negative contribution from external trade, while fixed investment rose firmly.

Final domestic demand added 0.2 percentage points to GDP growth, namely gross fixed capital formation (0.2 percentage points) and government spending (0.1 percentage points), while household consumption subtracted 0.1 percentage points. Also, changes in inventories added 0.2 percentage points (vs 0.3 percentage points initially estimated), while net foreign demand subtracted 0.3 percentage points.

Within domestic demand, fixed investment increased by 0.8 percent, much faster than a 0.2 percent rise in the previous quarter, mainly due to a pick-up in corporate investment (1.3 percent vs 0.1 percent in Q1). Also, government expenditure went up 0.3 percent, compared to a 0.1 percent gain in the first quarter. By contrast, household spending contracted by 0.1 percent, following a 0.2 percent advance in the previous three-month period. It was the first quarterly drop in private spending since the third quarter of 2016, as consumption of goods continued to decline (-0.3 percent vs -0.1 percent) and that of services slowed (0.1 percent vs 0.5 percent). In particular, consumption of food products fell sharply (-1.3 percent vs -0.3 percent), as well as expenditures on energy (-1.9 percent vs 0.8 percent) due to temperatures higher than the seasonal norms in April. In services, the slowdown was notably driven by the downturn in transport expenses (-2.7 percent vs 1.1 percent), mainly in rail transport as a result of strikes.

Imports jumped 1 percent (vs -0.4 percent in Q1) while exports grew at a softer 0.2 percent (vs -0.4 percent in Q1).

Year-on-year, the economy expanded 1.7 percent in the second quarter, following a marginally revised 2.1 percent growth in the previous period. 


Insee | Rida | rida@tradingeconomics.com
8/29/2018 8:38:53 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-06-22 06:45 AM GDP Growth Rate QoQ Final 0.2% 0.7% 0.2% 0.2%
2018-07-27 05:30 AM GDP Growth Rate QoQ 1st Est 0.2% 0.2% 0.2% 0.5%
2018-08-29 06:45 AM GDP Growth Rate QoQ 2nd Est 0.2% 0.2% 0.2% 0.2%
2018-09-21 06:45 AM GDP Growth Rate QoQ Final 0.2% 0.2% 0.2%
2018-10-31 06:30 AM GDP Growth Rate QoQ 1st Est 0.5%
2018-11-29 07:45 AM GDP Growth Rate QoQ 2nd Est


France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.20 8.00 -5.30 percent [+]
GDP Annual Growth Rate 1.70 2.10 12.60 -3.80 percent [+]
GDP 2582.50 2465.13 2918.38 62.65 USD Billion [+]
GDP Constant Prices 569352.00 568444.00 569352.00 66592.00 EUR Million [+]
Gross Fixed Capital Formation 130659.00 129633.00 130659.00 11871.00 EUR Million [+]
GDP per capita 42567.74 41968.98 42567.74 12991.27 USD [+]
GDP per capita PPP 38605.67 38062.64 38605.67 29514.85 USD [+]
GDP From Agriculture 7798.00 7809.00 8646.00 2105.00 EUR Million [+]
GDP From Construction 27952.00 27889.00 33578.00 7105.00 EUR Million [+]
GDP From Manufacturing 57817.00 57816.00 58316.00 7643.00 EUR Million [+]
GDP From Services 289192.00 288529.00 289192.00 26341.00 EUR Million [+]
GDP From Transport 22640.00 22764.00 22764.00 1629.00 EUR Million [+]
GDP From Utilities 12612.00 12742.00 15245.00 658.00 EUR Million [+]


France GDP Growth Rate

France is the seventh largest economy in the world and the second largest in the Euro Area. the biggest sector of the economy is household consumption (55 percent) followed by 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 8.00 -5.30 1949 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Netherlands 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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