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. 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.

France GDP Growth Rate
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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 0.2% 0.4% 0.4%
2018-12-21 07:45 AM GDP Growth Rate QoQ Final 0.2%



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.

Final domestic demand added 0.5 percentage points to the GDP growth in the third quarter, in particular household consumption (0.3 percentage points); gross fixed capital forrmation (0.2 percentage points). Also, net foreign demand contributed positively to the GDP growth (0.1 percentage points), while changes in inventories substracted 0.2 percentage points.

Within domestic demand, household consumption grew by 0.5 percent in the three months to September, rebounding from a 0.1 percent contraction in the second quarter. It was the steepest increase in private spending in a year as consumption of goods bounced back significantly (0.6 percent vs -0.4 percent in Q2) and that of services accelerated slightly (0.3 percent vs 0.1 percent). In particular, expenditures on energy recovered slightly (0.4 percent vs -2.2 percent) and consumption of food products stablised after two quarters of decline (0.1 percent vs -1.3 percent). In services, transport expenses bounced back markedly (3.7 percent after -2.9 percent) after a significant decline in Q2 due to strikes in rail transport. In addition, fixed investment increased by 0.8 percent, following a 0.9 percent rise in the previous quarter, on the back of corporate investment (1.4 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, the same pace as in the prior quarter. 

Exports surged 0.7 percent (vs 0.1 percent in Q2), while imports rose at a softer 0.3 percent (vs 0.7 percent in Q2).

Year-on-year, the economy expanded 1.5 percent in the third quarter, easing from a 1.7 percent growth in the previous three-month period.


INSEE | Rida | rida@tradingeconomics.com
10/30/2018 9:23:47 AM


Recent Releases

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

French Q1 GDP Growth Confirmed at 0.2%
The French economy advanced 0.2 percent on quarter in the three months to March of 2018, unrevised from the second estimate and after a 0.7 percent growth in the previous period, final figure showed. It is the weakest pace of expansion since the September quarter 2016.
Published on 2018-06-22



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.20 8.00 -5.30 percent [+]
GDP Annual Growth Rate 1.50 1.70 12.60 -3.80 percent [+]
GDP 2582.50 2465.13 2918.38 62.65 USD Billion [+]
GDP Constant Prices 571856.00 569516.00 571856.00 66592.00 EUR Million [+]
Gross Fixed Capital Formation 131790.00 130681.00 131790.00 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 7813.00 7800.00 8646.00 2105.00 EUR Million [+]
GDP From Construction 27912.00 27986.00 33579.00 7105.00 EUR Million [+]
GDP From Manufacturing 58125.00 57851.00 58331.00 7643.00 EUR Million [+]
GDP From Services 291421.00 289677.00 291421.00 26341.00 EUR Million [+]
GDP From Transport 23071.00 22603.00 23071.00 1629.00 EUR Million [+]
GDP From Utilities 12581.00 12590.00 15243.00 658.00 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 November of 2018.

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




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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