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.