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

The French economy expanded by 0.3 percent on quarter in the three months to March 2018, easing from a 0.7 percent growth in the previous quarter and missing market expectations of 0.4 percent. It was the weakest pace of expansion since the third quarter of 2016, as household consumption remained sluggish and fixed investment lost momentum. GDP Growth Rate in France averaged 0.78 percent from 1949 until 2018, 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 Q1 GDP Growth Weakest in 1-1/2 Years


The French economy expanded by 0.3 percent on quarter in the three months to March 2018, easing from a 0.7 percent growth in the previous quarter and missing market expectations of 0.4 percent. It was the weakest pace of expansion since the third quarter of 2016.

In the first quarter final domestic demand added 0.3 percentage points to GDP growth, while net foreign demand and changes in inventories had no contribution.

Within domestic demand, gross fixed capital formation rose at a slower 0.6 percent, after a 1.1 percent rise in the previous quarter, especially because of the slowdown in corporate investment; and government expenditure went up 0.3 percent, compared to a 0.4 percent growth in Q4. In addition, household spending increased by 0.2 percent, the same pace as in the preceding period, as consumption of goods was stable for the second consecutive quarter while that of services slowed down slightly. 
Exports declined by 0.1 percent in Q1, reversing from a 2.5 percent growth in the prior quarter, especially due to transport equipment sales. At the same time, imports were flat, after a 0.4 percent rise in the previous period.
Year-on-year, the economy expanded by 2.1 percent, following a 2.6 percent growth in the previous period. 


Insee l Rida Husna | rida@tradingeconomics.com
4/27/2018 10:56:34 AM



Calendar GMT Actual Previous Consensus TEForecast
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 0.3% 0.7% 0.4% 0.4%
2018-05-30 06:45 AM GDP Growth Rate QoQ 2nd Est 0.7% 0.3% 0.3%
2018-06-22 06:45 AM GDP Growth Rate QoQ Final 0.7%
2018-07-27 05:30 AM GDP Growth Rate QoQ 1st Est 0.6%


France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.70 7.70 -5.00 percent [+]
GDP Annual Growth Rate 2.10 2.60 12.50 -3.80 percent [+]
GDP 2465.45 2433.56 2923.47 62.65 USD Billion [+]
GDP Constant Prices 547289.00 545905.00 547289.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 123063.00 122323.00 123063.00 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 8351.00 8382.00 8843.00 2165.00 EUR Million [+]
GDP From Construction 24993.00 24918.00 30385.00 6440.00 EUR Million [+]
GDP From Manufacturing 56012.00 56590.00 56590.00 7291.00 EUR Million [+]
GDP From Services 283585.00 282094.00 283585.00 26222.00 EUR Million [+]
GDP From Transport 23910.00 23553.00 23910.00 1600.00 EUR Million [+]
GDP From Utilities 11178.00 10938.00 12753.00 535.00 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.70 7.70 -5.00 1949 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.30 Mar/18
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 1.10 Mar/18
South Korea 1.10 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Dec/17
Netherlands 0.50 Mar/18
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Euro Area 0.40 Mar/18
France 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
Brazil 0.10 Dec/17
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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