France GDP Growth Rate

The French economy advanced 0.4 percent on quarter in the three months to September 2018, following a 0.2 percent growth in the previous period and in line with the preliminary reading, the second estimate showed. It was the strongest growth rate since the last quarter of 2017, due to a rebound in household spending and a positive foreign demand. 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 0.50 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 0.60 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
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%	0.2%
2018-10-30	06:30 AM	GDP Growth Rate QoQ 1st Est	0.4%	0.2%	0.2%	0.4%
2018-11-29	07:45 AM	GDP Growth Rate QoQ 2nd Est	0.4%	0.2%	0.4%	0.4%
2018-12-21	07:45 AM	GDP Growth Rate QoQ Final		0.2%	0.4%	0.4%
2019-01-30	06:30 AM	GDP Growth Rate QoQ 1st Est				0.30%
2019-02-28	07:45 AM	GDP Growth Rate QoQ 2nd Est				0.30%

French Q3 GDP Growth Confirmed at Near 1-Year High

The French economy advanced 0.4 percent on quarter in the three months to September 2018, following a 0.2 percent growth in the previous period and in line with the preliminary reading, the second estimate showed. It was the strongest growth rate since the last quarter of 2017, due to a rebound in household spending and a positive foreign demand.

Final domestic demand added 0.5 percentage points to the GDP growth in the third quarter; gross fixed capital formation (0.2 percentage points). Also, net foreign demand contributed positively to the GDP growth (0.2 percentage points), while changes in inventories subtracted 0.3 percentage points.

Within domestic demand, household consumption grew by 0.4 percent in the three months to September, rebounding from a 0.2 percent contraction in the second quarter. It was the steepest increase in private spending in a year as consumption of goods bounced back significantly (0.4 percent vs -0.4 percent in Q2) and that of services accelerated slightly (0.4 percent vs 0.1 percent). In particular, expenditures on energy recovered slightly (0.1 percent vs -2.3 percent) and consumption of food products stablised after two quarters of decline (0.2 percent vs -1.3 percent). In services, transport expenses bounced back markedly (3.4 percent after -2.9 percent) after a significant decline in Q2 due to strikes in rail transport. In addition, fixed investment increased by 0.9 percent, the same as in the previous quarter, with corporate investment (1.6 percent vs 1.3 percent), notably investment in IT activities and information services, as well as in automotive. Also, government expenditure went up 0.2 percent, following a 0.3 percent rise in the prior quarter.

Exports surged 0.4 percent (vs -0.1 percent in Q2), while imports went down 0.3 percent (vs 0.5 percent in Q2).

Year-on-year, the economy expanded 1.4 percent in the third quarter, easing from a downwardly revised 1.6 percent growth in the previous three-month period and below a preliminary estimate of 1.5 percent.

Insee | Agna Gabriel | agna.gabriel@tradingeconomics.com
11/29/2018 10:58:50 AM

Recent Releases

French Q3 GDP Growth Strongest in Almost a Year
The French economy advanced 0.4 percent on quarter in the three months to September 2018, following a 0.2 percent growth in the previous period and missing market expectations of a 0.5 percent expansion, the first estimate showed. Still, it was the strongest growth rate since the last quarter of 2017, due to a rebound in household spending and increases in both fixed investment and exports.
Published on 2018-10-30

French Q2 GDP Growth Confirmed at 0.2%
The French economy advanced 0.2 percent on quarter in the three months to June 2018, the same pace as in the previous period and in line with the second estimate. The pace of expansion remained at the weakest level since the third quarter of 2016 as household spending contracted for the first time in seven quarters and net external demand contributed negatively to the GDP growth.
Published on 2018-09-21

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.
Published on 2018-08-29

French Q2 GDP Growth Weaker than Expected
The French economy grew by 0.2 percent on quarter in the three months to June 2018, the same pace as in the previous period and slightly below market consensus of a 0.3 percent advance, a flash 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 amid a series of railway strikes and a string of national holidays.
Published on 2018-07-27

France GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.40	0.20	8.00	-5.30	percent	[+]
GDP Annual Growth Rate	1.40	1.60	12.60	-3.80	percent	[+]
GDP	2582.50	2465.13	2918.38	62.65	USD Billion	[+]
GDP Constant Prices	571650.00	569429.00	571650.00	66592.00	EUR Million	[+]
Gross Fixed Capital Formation	131874.00	130652.00	131874.00	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	7833.00	7820.00	8646.00	2105.00	EUR Million	[+]
GDP From Construction	27897.00	27988.00	33579.00	7105.00	EUR Million	[+]
GDP From Manufacturing	58011.00	57818.00	58327.00	7643.00	EUR Million	[+]
GDP From Services	291386.00	289587.00	291386.00	26341.00	EUR Million	[+]
GDP From Transport	23077.00	22613.00	23077.00	1629.00	EUR Million	[+]
GDP From Utilities	12484.00	12550.00	15243.00	658.00	EUR Million	[+]

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 December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.40	0.20	8.00	-5.30	1949 - 2018	percent	Quarterly	SA

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Country	Last		Previous	Range
United States	3.50	Sep/18	4.2	16.7 : -10	%
Indonesia	3.09	Sep/18	4.21	4.21 : -3.57	%
Singapore	3.00	Sep/18	1.2	36.6 : -13.5	%
South Africa	2.20	Sep/18	-0.4	7.6 : -6.1	%
India	1.90	Jun/18	2	5.4 : -1.7	%
China	1.60	Sep/18	1.7	2.4 : 1.4	%
Russia	0.90	Jun/18	0.4	4.1 : -5.4	%
Brazil	0.80	Sep/18	0.2	3.9 : -3.9	%
Mexico	0.80	Sep/18	-0.1	3.2 : -5.7	%
South Korea	0.60	Sep/18	0.6	7.8 : -7	%
Spain	0.60	Sep/18	0.6	1.6 : -1.6	%
United Kingdom	0.60	Sep/18	0.4	5 : -2.7	%
Canada	0.50	Sep/18	0.7	3.1 : -2.3	%
France	0.40	Sep/18	0.2	8 : -5.3	%
Australia	0.30	Sep/18	0.9	4.4 : -2	%
Euro Area	0.20	Sep/18	0.4	1.3 : -3	%
Netherlands	0.20	Sep/18	0.7	1.7 : -3.6	%
Saudi Arabia	-0.05	Mar/18	0.05	8.5 : -2.1	%
Italy	-0.10	Sep/18	0.2	6 : -2.8	%
Germany	-0.20	Sep/18	0.5	4 : -4.5	%
Switzerland	-0.20	Sep/18	0.7	2.4 : -1.9	%
Japan	-0.60	Sep/18	0.7	3.2 : -4.8	%
Turkey	-1.10	Sep/18	0.6	5.6 : -5.2	%
Argentina	-4.00	Jun/18	0.7	5 : -5.7	%