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

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. Year-on-year, the GDP grew by 1.1 percent, compared to a 1.2 percent expansion in the fourth quarter but slightly above an earlier estimate of 1 percent growth. 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-28 05:30 AM Q1 0.3% 0.5% 0.4% 0.3%
2017-05-30 06:45 AM Q1 0.4% 0.5% 0.3% 0.3%
2017-06-23 06:45 AM Q1 0.5% 0.5% 0.4% 0.4%
2017-07-28 05:30 AM Q2 0.5% 0.5% 0.5%
2017-08-29 06:45 AM Q2 0.5% 0.5%
2017-09-22 06:45 AM Q2 0.5% 0.5%




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.

In the three months to March 2017, household consumption was flat, following a 0.6 percent rise in the previous quarter. Government expenditure went up 0.3 percent, unchanged from the prior quarter. Total gross fixed capital formation grew by 1.2 percent, compared to a 0.7 percent growth in the fourth quarter. Final domestic demand (excluding changes in inventories) contributed 0.4 points to GDP growth, down from 0.6 points in the prior quarter.

Exports declined by 0.7 percent, following a 1.1 percent rise in the December quarter. Imports went up at a faster 1.2 percent (from 0.6 percent increase in the preceding quarter). The foreign trade balance contributed negatively to the economy (-0.6 points after 0.1 points in the fourth quarter). In contrast, changes in inventories contributed positivevely: 0.7 points after -0.2 points in the December quarter.

Year-on-year, the GDP grew by 1.1 percent, compared to a 1.2 percet expansion in the fourth quarter but slightly above an earlier estimate of 1 percent growth.

Insee l Rida Husna | rida@tradingeconomics.com
6/23/2017 7:05:29 AM


Recent Releases

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

France GDP Growth Matches Estimates In Q4
France GDP advanced 0.4 percent quarter-on-quarter in the December quarter of 2016, compared to a 0.2 percent growth in the three months to September and in line with second estimates, final figures showed. It was the second straight quarter of growth and the strongest since the March quarter, driven by faster rises in household consumption and investment while net external demand contributed slightly to the GDP.
Published on 2017-03-24

France GDP Growth Confirmed At 0.4% QoQ In Q4
France GDP expanded 0.4 percent quarter-on-quarter in the December quarter of 2016, compared to a 0.2 percent growth in the three months to September and in line with preliminary figures, second estimate showed. It was the second straight quarter of growth and the strongest since the March quarter, driven by a faster increase in household consumption, government spending and investment while net external demand contributed slightly to the GDP.
Published on 2017-02-28



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 7.70 -5.00 percent [+]
GDP Annual Growth Rate 1.10 1.20 12.50 -3.80 percent [+]
GDP 2465.45 2433.56 2923.47 62.65 USD Billion [+]
GDP Constant Prices 535043.00 532507.00 535043.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 118238.00 116814.00 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 7915.00 7735.00 8843.00 2165.00 EUR Million [+]
GDP From Construction 24489.00 24421.00 30452.00 6440.00 EUR Million [+]
GDP From Manufacturing 55194.00 55004.00 55194.00 7291.00 EUR Million [+]
GDP From Services 275997.00 274296.00 275997.00 26222.00 EUR Million [+]
GDP From Transport 22677.00 22458.00 22677.00 1600.00 EUR Million [+]
GDP From Utilities 10696.00 10907.00 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 July 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
China 1.70 Jun/17
India 1.50 Mar/17
Turkey 1.40 Mar/17
United States 1.40 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15