The French economy expanded 0.8 percent year-on-year in the fourth quarter of 2019, slowing from a 1.4 percent advance in the previous period, preliminary estimates showed. It was the lowest annual GDP growth since Q3 2016, hurt by strikes over President Emmanuel Macron’s pension reforms. On a quarterly basis, the economy unexpectedly shrank 0.1 percent on quarter in Q4 2019, missing market expectations of a 0.2 percent advance and after a 0.3 percent growth in Q3. France GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in France averaged 3.14 percent from 1950 until 2019, reaching an all time high of 12.60 percent in the second quarter of 1969 and a record low of -3.80 percent in the first quarter of 2009. This page provides the latest reported value for - France GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: INSEE, France

GDP Annual Growth Rate in France is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in France to stand at 1.20 in 12 months time. In the long-term, the France GDP Annual Growth Rate is projected to trend around 1.30 percent in 2021, according to our econometric models.

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France GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.40 12.60 -3.80 1950 - 2019 percent Quarterly

France GDP Annual Growth Rate
France is the seventh largest economy in the world and the second largest in the Euro Area. France has a large and diversified industrial and agricultural base which includes aircraft, military equipment, perfumes, pharmaceuticals, wine, beef and wheat production. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. Services are the biggest sector of the economy (79 percent of total GDP) while industry accounts for 19 percent. Agriculture contributes 2 percent to GDP, yet France is the second largest exporter of agricultural products in the world.