France GDP Growth Rate  1949-2017 | Data | Chart | Calendar | Forecast

The French economy grew 0.5 percent quarter-on-quarter in the three months to June of 2017, in line with the preliminary estimate and the same pace as in the previous two periods. It was the fourth straight quarter of expansion, mainly supported by household consumption, government spending and exports while fixed investment increased at a slower pace. Year-on-year, the economy advanced 1.7 percent, following a 1.1 percent growth in the previous period. It was the strongest pace of expansion since the third quarter of 2011. GDP Growth Rate in France averaged 0.79 percent from 1949 until 2017, reaching an all time high of 7.70 percent in the third quarter of 1968 and a record low of -5 percent in the second quarter of 1968.

France GDP Growth Rate
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French Q2 GDP Growth Confirmed at 0.5%


The French economy grew 0.5 percent quarter-on-quarter in the three months to June of 2017, in line with the preliminary estimate and the same pace as in the previous two periods. It was the fourth straight quarter of expansion, mainly supported by household consumption, government spending and exports while fixed investment increased at a slower pace.

In the second quarter 2017, the positive contribution to GDP came from final domestic demand excluding inventory changes (0.4 percentage points, the same as in Q1 2017) and net foreign trade (0.6 percentage points after -0.6 percentage points in Q1). In contrast, changes in inventories subtracted 0.5 percentage points from the growth after contributing 0.7 percentage points in Q1.

Household consumption grew by 0.3 percent, faster than a 0.1 percent rise in the prior three-month period; and government expenditure increased by 0.4 percent, following a 0.3 percent rise in Q1. Meanwhile, gross fixed capital formation rose at a slower 0.7 percent after a 1.3 percent advance in Q1.

Exports bounced back (2.5 percent after -0.9 percent in Q1) while imports rose at a softer pace (0.4 percent after 1.1 percent).

Year-on-year, the economy advanced 1.7 percent, slightly below the preliminary estimate of 1.8 percent and following a 1.1 percent growth in the previous period. It was the strongest pace of expansion since the third quarter of 2011.

Insee l Rida Husna | rida@tradingeconomics.com
8/29/2017 10:29:45 AM


Recent Releases

French Economy Grows 0.5% in Q2
French GDP advanced 0.5 percent on quarter in the three months to June 2017, in line with market expectations and the same pace as in the prior two periods, the preliminary estimate showed. It was the fourth straight quarter of expansion, mainly driven by household consumption, government spending and exports while fixed investment increased at a slower pace.
Published on 2017-07-28

French Q1 GDP Growth Revised Up To 0.5%
France GDP advanced 0.5 percent quarter-on-quarter in the March quarter of 2017, the same pace as in the prior quarter but slightly stronger than a 0.4 percent growth in the second estimates, final figures showed. It was the third straight quarter of expansion, mainly supported by fixed investment and government spending while household consumption stalled.
Published on 2017-06-23

French Q1 GDP Growth Revised Up To 0.4%
The French economy expanded 0.4 percent quarter-on-quarter in the first quarter of 2017, stronger than a preliminary reading of 0.3 percent but slower than a 0.5 percent growth in the previous period. Fixed investment and government spending were the main drivers of growth while household consumption slowed.
Published on 2017-05-30

France GDP growth Below Estimates In Q1
France GDP expanded 0.3 percent quarter-on-quarter in the March quarter of 2016, compared to an upwardly revised 0.5 percent growth in the three months to December and less than market estimates of a 0.4 percent expansion, first estimates showed. The slowdown was mainly due to sluggish private consumption and a slump in net external demand while government spending and investment went up.
Published on 2017-04-28



Calendar GMT Actual Previous Consensus TEForecast
2017-06-23 06:45 AM GDP Growth Rate QoQ Final 0.5% 0.5% 0.4% 0.4%
2017-07-28 05:30 AM GDP Growth Rate QoQ 1st Est 0.5% 0.5% 0.5% 0.5%
2017-08-29 06:45 AM GDP Growth Rate QoQ 2nd Est 0.5% 0.5% 0.5% 0.5%
2017-09-22 06:45 AM GDP Growth Rate QoQ Final 0.5% 0.5% 0.5%
2017-10-31 06:30 AM GDP Growth Rate QoQ 1st Est 0.5%
2017-11-29 07:45 AM GDP Growth Rate QoQ 2nd Est 0.5%


France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 7.70 -5.00 percent [+]
GDP Annual Growth Rate 1.70 1.10 12.50 -3.80 percent [+]
GDP 2465.45 2433.56 2923.47 62.65 USD Billion [+]
GDP Constant Prices 538243.00 535321.00 538243.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 119056.00 118433.00 121168.00 11800.00 EUR Million [+]
GDP per capita 42013.29 41689.71 42013.29 12991.27 USD [+]
GDP per capita PPP 38058.87 37765.75 38058.87 29527.97 USD [+]
GDP From Agriculture 7887.00 7773.00 8837.00 2165.00 EUR Million [+]
GDP From Construction 24650.00 24513.00 30452.00 6440.00 EUR Million [+]
GDP From Manufacturing 55597.00 55254.00 55597.00 7291.00 EUR Million [+]
GDP From Services 278144.00 276391.00 278144.00 26222.00 EUR Million [+]
GDP From Transport 22768.00 22692.00 22768.00 1600.00 EUR Million [+]
GDP From Utilities 10860.00 10761.00 12746.00 535.00 EUR Million [+]


France GDP Growth Rate Notes

France is the seventh largest economy in the world and the second largest in the Euro Area. Composition of the GDP on the expenditure side: household consumption (55 percent); 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 7.70 -5.00 1949 - 2017 percent Quarterly



gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.00 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
India 1.50 Mar/17
Netherlands 1.50 Jun/17
Canada 1.10 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17
Russia -0.57 Sep/15