The French economy advanced 0.5% on quarter in Q2 of 2022, exceeding market consensus of a 0.2% growth and reversing from a 0.2% contraction in Q1, preliminary data showed. The rebound was mainly supported by further rises in gross fixed capital formation (0.5% vs 0.5% in Q1) and a positive contribution from net trade as exports grew (0.8% vs 1.6%) while imports shrank (-0.6% vs 1.2%). At the same time, inventory changes offered a small positive contribution to the GDP (0.1 points vs 0.2 points in Q1). Meantime, final domestic demand showed no contribution to growth, with both household consumption (-0.2% vs -1.3%) and government spending (-0.2% vs flat reading) falling. On a yearly basis, the economy grew by 4.2% in Q2, the sixth straight quarter of yearly increase, following an upwardly revised 4.8% expansion in Q1. source: INSEE, France
GDP Growth Rate in France averaged 0.76 percent from 1949 until 2022, reaching an all time high of 18.40 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 August of 2022.
GDP Growth Rate in France is expected to be 0.30 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.