The French economy unexpectedly shrank by 0.2% on quarter in the first three months of 2022, compared to initial estimates of a flat reading. It marks the first contraction since the last quarter of 2020, mainly due to a 1.5% fall in household spending, namely transportation equipment (-2.3%) and accommodation and catering (-3.9%). In contrast, gross fixed capital formation rose 0.6%, driven in particular by investment in IT and information-communication services and in capital goods. Also, exports increased 1.2% and imports 0.5%, making net trade contribution slightly positive. source: INSEE, France
GDP Growth Rate in France averaged 0.76 percent from 1949 until 2022, reaching an all time high of 19.40 percent in the third quarter of 2020 and a record low of -13.70 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
GDP Growth Rate in France is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France GDP Growth Rate is projected to trend around 0.40 percent in 2023, according to our econometric models.