France's quarterly economic growth was revised higher to 0.3 percent in the second quarter of 2019 from a preliminary estimate of 0.2 percent, as net foreign demand contributed positively to the expansion while first estimates had pointed to neutral contribution. Fixed investment grew solidly while household consumption rose at a slower pace. GDP Growth Rate in France averaged 0.78 percent from 1949 until 2019, 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 0.40 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
2019-04-30 05:30 AM GDP Growth Rate QoQ 1st Est Q1 0.3% 0.3% 0.3% 0.3%
2019-05-29 06:45 AM GDP Growth Rate QoQ Final Q1 0.3% 0.4% 0.2% 0.3%
2019-07-30 05:30 AM GDP Growth Rate QoQ Prel Q2 0.2% 0.3% 0.3% 0.3%
2019-08-29 06:45 AM GDP Growth Rate QoQ Final Q2 0.3% 0.3% 0.2% 0.2%
2019-10-30 06:30 AM GDP Growth Rate QoQ Prel Q3 0.3% 0.4%
2019-11-29 07:45 AM GDP Growth Rate QoQ Final Q3 0.3% 0.4%



French Q2 GDP Growth Revised Higher

France's quarterly economic growth was revised higher to 0.3 percent in the second quarter of 2019 from a preliminary estimate of 0.2 percent, as net foreign demand contributed positively to the expansion while first estimates had pointed to a neutral contribution. Fixed investment grew solidly while household consumption rose at a slower pace.

Final domestic demand excluding inventory changes contributed 0.4 points to GDP growth (vs 0.3 points in Q1) and foreign trade balance contributed 0.1 points (vs -0.3 points in Q1). Conversely, changes in inventories contributed negatively to the expansion (-0.2 points vs 0.3 points in Q1).

Within domestic demand, fixed investment growth picked up to 0.9 percent in the second quarter from 0.5 percent in the previous period, mainly boosted by corporate investment and a rebound in information-communication and business services. Also, government spending increased 0.4 percent after being unchanged in the previous period. Household consumption, however, rose at a softer 0.2 percent, compared to 0.3 percent in the first quarter.

Exports were flat (vs 0.1 percent in Q1), while imports dropped 0.2 percent (vs 1.1 percent in Q1).

Year-on-year, the economy expanded 1.4 percent in the second quarter, little-changed from a 1.3 percent growth in the previous three-month period.


INSEE | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/29/2019 8:54:07 AM


News

French Q2 GDP Growth Slows Unexpectedly to 0.2%
The French economy advanced 0.2 percent on quarter in the three months to June 2019, easing from a 0.3 percent growth in the previous period and missing market expectations of a 0.3 percent expansion, a preliminary estimate showed. This was the weakest growth rate in a year, as household consumption rose at a softer pace while changes in inventories contributed negatively to GDP growth and net foreign demand was neutral.
Published on 2019-07-30

French Q1 GDP Growth Confirmed at 0.3%
The French economy grew 0.3 percent on quarter in the three months to March 2019, slowing from an upwardly revised 0.4 percent expansion in the previous period and matching a preliminary estimate and market expectations, final figures showed. Household consumption rose further while fixed investment eased and net foreign demand contributed negatively.
Published on 2019-05-29

French Q1 GDP Growth Holds Steady at 0.3%
The French economy advanced 0.3 percent on quarter in the three months to March 2019, the same pace as in the previous period and matching market expectations, a first estimate showed. Household consumption and fixed investment were the main drivers of growth while net foreign demand contributed negatively.
Published on 2019-04-30

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.
Published on 2019-03-26



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.30 8.00 -5.30 percent [+]
GDP Annual Growth Rate 1.40 1.30 12.60 -3.80 percent [+]
GDP 2777.54 2586.29 2918.38 62.65 USD Billion [+]
GDP Constant Prices 578492.00 576682.00 578492.00 66592.00 EUR Million [+]
Gross Fixed Capital Formation 134458.00 133271.00 134458.00 11871.00 EUR Million [+]
GDP per capita 43663.60 43001.60 43663.60 13044.90 USD [+]
GDP per capita PPP 39555.50 38955.80 39555.50 29464.10 USD [+]
GDP From Agriculture 8436.00 8368.00 8669.00 2105.00 EUR Million [+]
GDP From Construction 28296.00 28140.00 33612.00 7105.00 EUR Million [+]
GDP From Manufacturing 57182.00 57318.00 57602.00 7643.00 EUR Million [+]
GDP From Services 295995.00 294823.00 295995.00 26341.00 EUR Million [+]
GDP From Transport 23088.00 22748.00 23088.00 1629.00 EUR Million [+]
GDP From Utilities 12176.00 12121.00 15236.00 658.00 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 8.00 -5.30 1949 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


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