France GDP Growth Rate  1949-2018 | Data | Chart | Calendar | Forecast

The French economy grew by 0.7 percent on quarter in the three months to December of 2017, beating earlier estimates of 0.6 percent and following a 0.5 percent expansion in the previous quarter, as exports rose faster than initially thought. Year-on-year, the GDP rose by 2.5 percent, in line with the second estimate and following a 2.3 percent expansion in the previous period. It was the highest growth rate since the first quarter of 2011. For full 2017, the economy expanded by 2 percent, its best performance since 2011. GDP Growth Rate in France averaged 0.78 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 Q4 GDP Growth Revised Up to 0.7%


The French economy grew by 0.7 percent on quarter in the three months to December of 2017, beating earlier estimates of 0.6 percent and following a 0.5 percent expansion in the previous quarter. Exports rose faster than initially thought.

In the fourth quarter, positive contribution to GDP growth came from net trade (0.7 percentage points), fixed investment (0.3 percentage points) and household spending (0.1 percentage points). Meanwhile, changes in inventories had a negative contribution of 0.4 percentage points.

Exports grew by 2.5 percent, faster than a 2.4 percent gain previously estimated and much stronger than a 1 percent increase in the preceding quarter; while imports rose by only 0.3 percent, after a 2.2 percent growth in the previous period.

Gross fixed capital formation rose 1.1 percent, compared with a second estimate of 1.2 percent and after a 0.9 percent rise in the September quarter. Meanwhile, household consumption increased by 0.2 percent (vs 0.5 percent in Q3) and government expenditure went up by 0.3 percent (vs 0.6 percent in Q3). 

Year-on-year, the GDP rose by 2.5 percent, following a 2.3 percent increase in the third quarter. It was the fastest pace of expansion since the first quarter of 2011.

For full 2017, the economy expanded by 2 percent, its best performance since 2011, compared with 1.1 percent in 2016. 


Insee l Rida Husna | rida@tradingeconomics.com
3/26/2018 7:38:04 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-30 06:30 AM GDP Growth Rate QoQ 1st Est 0.6% 0.5% 0.6% 0.5%
2018-02-28 07:45 AM GDP Growth Rate QoQ 2nd Est 0.6% 0.5% 0.6% 0.6%
2018-03-26 06:45 AM GDP Growth Rate QoQ Final 0.7% 0.5% 0.6% 0.6%
2018-04-27 05:30 AM GDP Growth Rate QoQ 1st Est 0.7% 0.4% 0.4%
2018-05-30 06:45 AM GDP Growth Rate QoQ 2nd Est 0.7%
2018-06-22 06:45 AM GDP Growth Rate QoQ Final 0.7%


France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.50 7.70 -5.00 percent [+]
GDP Annual Growth Rate 2.50 2.30 12.50 -3.80 percent [+]
GDP 2465.45 2433.56 2923.47 62.65 USD Billion [+]
GDP Constant Prices 545647.00 541917.00 545647.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 122307.00 120934.00 122307.00 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 8367.00 8300.00 8843.00 2165.00 EUR Million [+]
GDP From Construction 24900.00 24801.00 30384.00 6440.00 EUR Million [+]
GDP From Manufacturing 56613.00 55797.00 56613.00 7291.00 EUR Million [+]
GDP From Services 281899.00 279464.00 281899.00 26222.00 EUR Million [+]
GDP From Transport 23438.00 23046.00 23438.00 1600.00 EUR Million [+]
GDP From Utilities 10996.00 10915.00 12752.00 535.00 EUR Million [+]


France GDP Growth Rate

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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.50 7.70 -5.00 1949 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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