France's economy grew by 3 percent quarter-on-quarter in the three months to September 2021, beating market consensus of a 2.1 percent expansion and following an upwardly revised 1.3 percent advance in the previous period, preliminary data showed. It was the steepest pace of expansion in a year, with the GDP almost returning to its pre-crisis level. Households’ consumption expenditure rose sharply (5.0 percent vs 1.3 percent), driven by the consumption of services, in particular hotel and restaurant services; while fixed investment was little-changed (-0.1 percent vs 2.5 percent) as higher spending on market services was offset by decreases in manufacturing and construction investment. In addition, net external demand added 0.6 percentage points to the GDP due to a sharp increase in exports, while inventory changes subtracted 0.9 points. For full 2021, INSEE has forecast the French economy to grow 6.25 percent. source: INSEE, France

GDP Growth Rate in France averaged 0.76 percent from 1949 until 2021, reaching an all time high of 18.50 percent in the third quarter of 2020 and a record low of -13.50 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 November of 2021.

GDP Growth Rate in France is expected to be 1.60 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 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.

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France GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-31 06:45 AM QoQ Final Q2 1.1% 0.0% 0.9% 0.9%
2021-10-29 05:30 AM QoQ Prel Q3 3% 1.3% 2.1% 2.3%
2021-11-30 07:45 AM QoQ Final Q3 1.3% 3% 3%


Related Last Previous Unit Reference
GDP Growth Rate 3.00 1.30 percent Sep/21
GDP Annual Growth Rate 3.30 18.80 percent Sep/21
GDP Constant Prices 582338.00 565334.00 EUR Million Sep/21
Gross Fixed Capital Formation 140120.00 140255.00 EUR Million Sep/21
GDP From Utilities 12948.00 12718.00 EUR Million Sep/21
GDP From Transport 20294.00 18633.00 EUR Million Sep/21
GDP From Services 297990.00 285048.00 EUR Million Sep/21
GDP From Manufacturing 56441.00 56509.00 EUR Million Sep/21
GDP From Construction 27608.00 27740.00 EUR Million Sep/21
GDP From Agriculture 7870.00 7854.00 EUR Million Sep/21

News Stream
French Q3 GDP Growth Beats Estimates
France's economy grew by 3 percent quarter-on-quarter in the three months to September 2021, beating market consensus of a 2.1 percent expansion and following an upwardly revised 1.3 percent advance in the previous period, preliminary data showed. It was the steepest pace of expansion in a year, with the GDP almost returning to its pre-crisis level. Households’ consumption expenditure rose sharply (5.0 percent vs 1.3 percent), driven by the consumption of services, in particular hotel and restaurant services; while fixed investment was little-changed (-0.1 percent vs 2.5 percent) as higher spending on market services was offset by decreases in manufacturing and construction investment. In addition, net external demand added 0.6 percentage points to the GDP due to a sharp increase in exports, while inventory changes subtracted 0.9 points. For full 2021, INSEE has forecast the French economy to grow 6.25 percent.
2021-10-29
French Q2 GDP Growth Rate Revised Higher
France's quarterly economic growth was revised higher to 1.1 percent in the second quarter of 2021, up from a preliminary estimate of 0.9 percent and compared with a flat reading in the previous three-month period. Still, the GDP remained 3.2 percent below its pre-crisis level. Household consumption advanced 1.0 percent in Q2, after being unchanged in Q1, and fixed investment rose 2.4 percent, accelerating from a 0.4 percent increase. In addition, inventory changes added 0.1 points to GDP growth, while foreign trade subtracted 0.2 points as exports rose less than imports.
2021-08-31
French Q2 GDP Growth Beats Estimates
The French economy expanded 0.9 percent quarter-on-quarter in Q2 2021, above market consensus of a 0.8 percent growth and after showing no growth in Q1, as the economy emerged from the COVID-19 related lockdowns and approached its pre-pandemic level, preliminary data showed. Both household consumption (0.9 percent vs 0.2 percent in Q1) and fixed investment jumped (1.1 percent vs 0.4 percent) while government spending rebounded strongly (0.6 percent vs -0.4 percent). Domestic demand contributed 0.9 points (vs 0.1 points in Q1), while inventory changes added 0.2 points (vs 0.4 points). Meantime, net foreign demand contributed negatively to the GDP as exports grew by 1.5 percent (vs 0.5 percent in Q1) while imports rose at a faster 1.9 percent (vs 1.1 percent).
2021-07-30

France GDP Growth Rate
France is the seventh largest economy in the world and the second largest in the Euro Area. the biggest sector of the economy is household consumption (55 percent) followed by 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.