France's gross domestic product shrank by 1.4 percent on quarter in October-December 2020, more than an initial estimate of a 1.3 percent contraction and compared with a 18.5 percent expansion in the previous three-month period, as a second national lockdown and curfews were enforced to combat the spread of the coronavirus pandemic. Household consumption slumped 5.4 percent (vs 18.1 percent in Q3) and public spending fell 0.3 percent (vs 14.6 percent), while fixed investment grew 1.1 percent (vs 24.1 percent in Q3). Also, both net foreign trade and inventory changes contributed positively to the GDP growth. Year-on-year, the economy contracted by 4.9 percent. Considering 2020 as a whole, the GDP plunged 8.2 percent after a 1.5 percent rise in 2019. source: INSEE, France

GDP Growth Rate in France averaged 0.75 percent from 1949 until 2020, reaching an all time high of 18.50 percent in the third quarter of 2020 and a record low of -13.50 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 April of 2021.

GDP Growth Rate in France is expected to be -1.20 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 1.10 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.

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France GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.40 18.50 18.50 -13.50 1949 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 06:30 AM QoQ Prel Q3 18.2% -13.7% 15.4% 15.1%
2020-11-27 07:45 AM QoQ Final Q3 18.7% -13.8% 18.2% 18.2%
2021-01-29 06:30 AM QoQ Prel Q4 -1.3% 18.5% -4% -3.2%
2021-02-26 07:45 AM QoQ Final Q4 -1.4% 18.7% -1.3% -1.3%
2021-04-30 05:30 AM QoQ Prel Q1 -1.4% -1.2%
2021-05-28 06:45 AM QoQ Final Q1 -1.4%
2021-07-30 05:30 AM QoQ Prel Q2 1.1%
2021-08-27 06:45 AM QoQ Final Q2
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
French Economy Contracts More than Initially Thought
France's gross domestic product shrank by 1.4 percent on quarter in October-December 2020, more than an initial estimate of a 1.3 percent contraction and compared with a 18.5 percent expansion in the previous three-month period, as a second national lockdown and curfews were enforced to combat the spread of the coronavirus pandemic. Household consumption slumped 5.4 percent (vs 18.1 percent in Q3) and public spending fell 0.3 percent (vs 14.6 percent), while fixed investment grew 1.1 percent (vs 24.1 percent in Q3). Also, both net foreign trade and inventory changes contributed positively to the GDP growth. Year-on-year, the economy contracted by 4.9 percent. Considering 2020 as a whole, the GDP plunged 8.2 percent after a 1.5 percent rise in 2019.
2021-02-26
French Q4 GDP Shrinks Less than Expected
The French GDP shrank 1.3 percent quarter-on-quarter in Q4 2020, compared with market consensus of a 4.0 percent fall and after a record growth of 18.5 percent in Q3, preliminary data showed. The contraction reflected a second COVID-19 lockdown and curfews, which took place from the end of October to mid-December. There were falls in both household consumption (-5.4 percent vs 18.2 percent in Q3) and government spending (-0.4 percent vs 14.6 percent), while fixed investment growth slowed sharply (2.4 percent vs 24.0 percent). Meantime, exports expanded by 4.8 percent, while imports rose at a softer 1.3 percent. For full 2020, the economy contracted 8.3 percent, better than an 11 percent plunge the government had forecast in its budget plans, and following a 1.5 percent expansion in 2019.
2021-01-29
French GDP Growth Revised Higher to Record 18.7%
The French economy expanded 18.7 percent on quarter in the third quarter of 2020, higher than initial estimates of 18.2 percent, and following a record 13.8 percent drop in the previous period. It is the biggest expansion ever, as the economy rebounds from the coronavirus pandemic and national lockdown. Revisions are mostly due to the integration of new data for September, especially for household consumption and investment in services. Household spending (17.9% vs 17.3%), government consumption (15.5% vs 15.4%), and investment (23.9% vs 23.3%) were all revised higher. In contrast, the contribution from net foreign trade was lower than initially anticipated (0.7 percentage points vs 1.2 percentage points). Still, GDP remained well below its pre-pandemic level and was down 3.9 percent over a year earlier, compared to initial estimates of a 4.3 percent drop.
2020-11-27
French Q3 GDP Expands at Record Pace
The French economy grew at a record pace of 18.2% on quarter in the third quarter of 2020, a reversal from a 13.7% contraction in the previous period when the country was in strict COVID-19 lockdown, and beating market consensus of a 15.4% rise, a preliminary estimate showed. Household spending (17.3% vs -11.6%), government consumption (15.4% vs -10.4%), and investment (23.3% vs -14.3%) all rebounded sharply. Also, net foreign trade contributed positively (1.2 percentage points), amid a sharp turnaround in exports (23.2%) while imports rose 16%. Year-on-year, the GDP shrank 4.3%, remaining below its pre-pandemic level.
2020-10-30

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.