The French economy advanced 0.3 percent in the fourth quarter of 2018, the same pace as in the previous period, final estimate showed. Exports helped offset a weak household consumption. Considering full 2018, the economy grew 1.6 percent, revised from a preliminary 1.5 percent and compared to a 2.3 percent expansion in 2017. 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.

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 0.40 in 12 months time. In the long-term, the France GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

France GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-21 07:45 AM GDP Growth Rate QoQ Final 0.3% 0.2% 0.4% 0.4%
2019-01-30 06:30 AM GDP Growth Rate QoQ 1st Est 0.3% 0.3% 0.1% 0.3%
2019-02-28 07:45 AM GDP Growth Rate QoQ 2nd Est 0.3% 0.3% 0.3% 0.3%
2019-03-26 07:45 AM GDP Growth Rate QoQ Final 0.3% 0.3% 0.3% 0.3%
2019-04-30 05:30 AM GDP Growth Rate QoQ 1st Est 0.3% 0.3%
2019-05-29 06:45 AM GDP Growth Rate QoQ Final 0.3% 0.3%
2019-07-26 05:30 AM GDP Growth Rate QoQ 1st Est 0.4%



French GDP Growth Confirmed at 0.3% in Q4

The French economy advanced 0.3 percent in the fourth quarter of 2018, the same pace as in the previous period, final estimate showed. Exports helped offset a weak household consumption while government expenditure advanced at a faster pace.

Within domestic demand, fixed investment went up 0.3 percent, easing from a 1.0 percent expansion in the prior quarter (vs 1 percent in Q3) as corporate investment growth slowed (0.3 percent vs 1.7 percent). Additionally, household investment dropped further (-0.3 percent vs -0.1 percent. In contrast, government investment advanced 1.0 percent, after a flat reading in the previous period. Household consumption stalled in the fourth quarter of the year, following a 0.4 percent growth in the prior three-month period. Meanwhile, general government expenditure increased 0.4 percent, higher than a 0.2 percent in Q3.

Exports increased 2.2 percent in the fourth quarter (vs 0.6 percent in Q3) and imports rebounded (1.2 percent vs -0.2 percent in Q3).

Year-on-year, the economy expanded 1.0 percent in the last quarter of 2018, easing from an upwardly revised 1.4 percent growth in the third quarter of the year. It was the weakest growth rate since the third quarter of 2016. 

Considering 2018 as a whole, the economy grew 1.6 percent, revised from a preliminary 1.5 percent expansion and compared to a 2.3 percent growth in the 2017. A slowdown was recorded in household consumption (0.8 percent vs 1.1 percent in 2017), fixed investment (2.9 percent vs 4.7 percent), government spending (1.1 percent vs 1.4 percent), exports (3.3 percent vs 4.7 percent) and imports (1.3 percent vs 4.1 percent). On the other hand, inventory changes contributed negatively to the GDP growth (-0.4 percentage points).


INSEE | Stefanie Moya | stefanie.moya@tradingeconomics.com
3/26/2019 9:02:15 AM



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.30 8.00 -5.30 percent [+]
GDP Annual Growth Rate 1.00 1.40 12.60 -3.80 percent [+]
GDP 2582.50 2465.13 2918.38 62.65 USD Billion [+]
GDP Constant Prices 573345.00 571503.00 573345.00 66592.00 EUR Million [+]
Gross Fixed Capital Formation 132308.00 131948.00 132308.00 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 7828.00 7816.00 8645.00 2105.00 EUR Million [+]
GDP From Construction 27898.00 27868.00 33585.00 7105.00 EUR Million [+]
GDP From Manufacturing 58030.00 57965.00 58297.00 7643.00 EUR Million [+]
GDP From Services 292497.00 291054.00 292497.00 26341.00 EUR Million [+]
GDP From Transport 22971.00 22892.00 22971.00 1629.00 EUR Million [+]
GDP From Utilities 12532.00 12462.00 15243.00 658.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 8.00 -5.30 1949 - 2018 percent Quarterly
SA




Country Last Previous
United States 2.20 Dec/18
Singapore 2.00 Mar/19
Saudi Arabia 1.60 Sep/18
India 1.50 Sep/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
South Korea 1.00 Dec/18
Russia 0.80 Dec/18
Spain 0.60 Dec/18
Japan 0.50 Dec/18
Netherlands 0.50 Dec/18
France 0.30 Dec/18
Australia 0.20 Dec/18
Euro Area 0.20 Dec/18
Mexico 0.20 Dec/18
Switzerland 0.20 Dec/18
United Kingdom 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Germany 0.00 Dec/18
Italy -0.10 Dec/18
Argentina -1.20 Dec/18
Indonesia -1.69 Dec/18
Turkey -2.40 Dec/18


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