France's quarterly economic growth was confirmed at 3 percent on quarter in the three months to September 2021 and following a 1.3 percent advance in the previous period. It was the steepest pace of expansion in a year, with the GDP almost returning to its pre-crisis level (-0.1% compared to 2019 Q4). Households’ consumption expenditure rose sharply (4.9 percent vs 1.4 percent); while fixed investment was little-changed (0.1 percent vs 2.4 percent). In addition, net external demand added 0.7 percentage points to the GDP due to a sharp increase in exports, while inventory changes subtracted 1 point. 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 December 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.