France | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.3 0.3 0.5 0.5 0.7 percent [+]
Unemployment Rate 10.00 9.7 9.7 9.6 9.5 8.2 percent [+]
Inflation Rate 0.60 0.9 1.1 1.2 1.5 2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -4377.00 -3300 -3100 -3400 -3650 -1650 EUR Million [+]
Government Debt to GDP 96.10 97.2 97.4 97.45 97.49 92.5 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.07 1.02 1.01 1 1.04 0.83 [+]
Stock Market 4850.67 4750 4700 4650 4600 3880 points [+]
Government Bond 10Y 0.91 0.68 0.69 0.7 0.4 0.8 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.20 0.3 0.3 0.5 0.5 0.7 percent [+]
GDP Annual Growth Rate 1.00 1.3 1.3 1.4 1.5 2.2 percent [+]
GDP 2418.84 2740 2780 2453 2820 2920 USD Billion [+]
GDP Constant Prices 530297.00 532000 534000 535000 531075 562000 EUR Million [+]
Gross Fixed Capital Formation 115696.00 113600 113900 115201 114200 115700 EUR Million [+]
GDP per capita 41533.87 41500 41600 41519 41800 42700 USD [+]
GDP per capita PPP 37489.78 37700 37800 37449 38100 38800 USD [+]
GDP From Agriculture 7649.00 8064 8071 8010 8079 8970 EUR Million [+]
GDP From Construction 24251.00 25387 25606 24756 25781 25500 EUR Million [+]
GDP From Manufacturing 53669.00 54048 54054 53499 54088 55000 EUR Million [+]
GDP From Services 273870.00 275348 275928 275407 276811 283000 EUR Million [+]
GDP From Transport 22745.00 23101 23217 23088 23506 25700 EUR Million [+]
GDP From Utilities 10858.00 11393 11417 10787 11778 12714 EUR Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 10.00 9.7 9.7 9.6 9.5 8.2 percent [+]
Employed Persons 27745.90 27875 27888 28286 28000 28500 Thousand [+]
Unemployed Persons 3447.00 3440 3430 3420 3410 3310 Thousand [+]
Employment Rate 64.60 64.9 65 64.47 66 69 percent [+]
Long Term Unemployment Rate 4.30 4.5 4.4 4.38 4.1 3.8 percent [+]
Youth Unemployment Rate 25.90 22.6 22.4 23.09 22.1 20.3 percent [+]
Productivity 111.68 113 113 111 114 119 Index Points [+]
Labour Costs 106.80 108 109 108 110 119 Index Points [+]
Job Vacancies 245.50 264 270 240 200 208 Thousand [+]
Wages 2912.00 3000 3050 2980 3270 3520 EUR/Month [+]
Wage Growth 0.30 0.4 0.5 0.33 0.6 1.6 percent [+]
Wages in Manufacturing 115.30 116 117 118 119 129 Index Points [+]
Minimum Wages 1466.62 1490 1490 1467 1490 1530 EUR/Month [+]
Population 66.63 66.76 66.81 66.93 67.11 68.74 Million [+]
Retirement Age Women 65.00 65 65 65 65 66 [+]
Retirement Age Men 65.00 65 65 65 65 66 [+]
Employment Change 0.10 0.4 0.3 0.1 0.5 1.5 percent [+]
Full Time Employment 21709.80 21654 21722 21778 22000 22900 Thousand [+]
Wages Low Skilled 1860.00 1890 1900 1704 1940 2070 EUR/Month [+]
Wages High Skilled 3140.00 3180 3180 3076 3190 3360 EUR/Month [+]
Non Farm Payrolls 16067.00 16137 16129 16188 16200 16800 Thousand [+]
Part Time Employment 4692.30 4820 4830 4695 4850 4930 Thousand [+]
Labor Force Participation Rate 56.00 56.5 56.4 56 56.6 57.5 percent [+]
Living Wage Family 2290.00 2290 2390 2390 2390 2650 EUR/Month [+]
Living Wage Individual 1170.00 1170 1220 1220 1220 1320 EUR/Month [+]
Initial Jobless Claims -31.80 18 -11 -22.27 -18 -14 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.60 0.9 1.1 1.2 1.5 2 percent [+]
Inflation Rate Mom 0.30 0.5 0.4 0.06 0.6 1 percent [+]
Consumer Price Index CPI 100.65 104 105 101 107 120 Index Points [+]
Harmonised Consumer Prices 100.90 104 105 101 107 121 Index Points [+]
Core Consumer Prices 100.64 104 107 101 112 123 Index Points [+]
Core Inflation Rate 0.50 1 0.9 0.5 1 2.3 percent [+]
Producer Prices 104.10 104 105 106 107 120 Index Points [+]
Producer Prices Change -0.20 -0.6 -0.1 1.29 0.7 1.8 percent [+]
Export Prices 114.90 117 118 114 122 130 Index Points [+]
Import Prices 99.90 101 102 99.23 105 111 Index Points [+]
Food Inflation 0.70 1 0.9 0.66 1.3 2.5 percent [+]
Cpi Transportation 100.46 103 104 99.25 106 120 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.32 -0.21 -0.15 -0.32 0.25 1.75 percent [+]
Money Supply M1 1052594.00 1080000 1100000 1127821 1130000 1510000 EUR Million [+]
Money Supply M2 1847277.00 2070000 2150000 1926793 2210000 3020000 EUR Million [+]
Money Supply M3 2255179.00 2470000 2560000 2331647 2690000 3330000 EUR Million [+]
Banks Balance Sheet 8694889.00 8950000 9040000 9120000 9180000 10300000 EUR Million [+]
Foreign Exchange Reserves 152.67 162 163 160 165 175 EUR Billion [+]
Loans to Private Sector 2221335.00 2220000 2230000 2267826 2270000 2720000 EUR Million [+]
Central Bank Balance Sheet 838572.00 814000 822000 845798 841000 951000 EUR Million [+]
Private Debt to GDP 228.93 220 221 220 234 209 percent [+]
Loan Growth 4.37 2.5 2.8 4.35 3.2 3.8 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -4377.00 -3300 -3100 -3400 -3650 -1650 EUR Million [+]
Exports 38811.00 37200 37000 36800 36350 37850 EUR Million [+]
Imports 43188.00 40500 40100 40200 40000 39500 EUR Million [+]
Current Account -2317.00 -678 -450 -252 -98 214 EUR Million [+]
External Debt 4835836.00 5520000 5550000 4930680 5920000 6520000 EUR Million [+]
Current Account to GDP -1.40 -0.3 -0.3 -1.75 -0.3 1 percent [+]
Terms of Trade 115.02 115 115 115 116 122 Index Points [+]
Foreign Direct Investment 4500.00 1540 4450 2854 2980 4330 EUR Million [+]
Capital Flows 11300.00 -5110 9110 -1690 -8006 7500 EUR Million [+]
Remittances 39.00 39 39 39 39 39 EUR Million [+]
Gold Reserves 2435.82 2440 2440 2436 2440 2440 Tonnes [+]
Crude Oil Production 17.00 17 17 16.99 17 17 BBL/D/1K [+]
Weapons Sales 2013.00 1806 1815 1824 1823 1834 USD Million [+]
Terrorism Index 5.60 4.55 4.55 4.81 4.55 4.55 [+]
Tourist Arrivals 83800.00 82800 82400 84121 81200 80100 Thousand [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 96.10 97.2 97.4 97.45 97.49 92.5 percent [+]
Government Budget -3.60 -3.2 -3.2 -3.69 -3.2 -1.9 percent of GDP [+]
Government Budget Value -93.30 -8.6 -57.5 -77.4 -69.5 -61.8 EUR Billion [+]
Government Spending 129487.00 132400 132600 131066 131388 134000 EUR Million [+]
Government Spending to GDP 57.00 57.3 57.4 56.86 56.5 53 percent [+]
Government Revenues 251.76 78 155 226 297 288 EUR Billion [+]
Government Debt 2160.40 2220 2240 2231 2280 2470 EUR Billion [+]
Fiscal Expenditure 318.32 86 195 275 350 270 EUR Billion [+]
Asylum Applications 6970.00 6777 7054 6537 8250 2150 persons [+]
Military Expenditure 60747.00 62094 61827 61559 61467 60918 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 106.00 102 104 109 107 108 [+]
Manufacturing PMI 53.50 50.8 50.5 54.37 51.9 52.8 [+]
Services PMI 52.90 51.8 52 52.61 54.12 51.47 Index Points [+]
Composite Pmi 53.10 51.7 52.2 52.81 54.1 53.1 Index Points [+]
Industrial Production 1.80 1.2 1.5 -0.61 1.8 2 percent [+]
Industrial Production Mom 2.20 -0.4 1 -0.02 0.6 0.4 percent [+]
Manufacturing Production 1.40 1.1 1.6 1.87 0.7 1.3 percent [+]
Capacity Utilization 82.90 82.5 82.6 82.82 84 87 percent [+]
New Orders -16.00 -16.62 -16.92 -17.08 -17.15 -17.23 [+]
Bankruptcies 344.00 329 382 328 375 360 Companies [+]
Zew Economic Sentiment Index 6.50 7 6 8.89 14 16 [+]
Car Registrations 172112.00 169700 165600 165628 162700 163500 Cars [+]
Changes In Inventories 6712.00 3334 2880 3494 2358 2224 EUR Million [+]
Competitiveness Index 5.20 5.16 5.16 5.16 5.16 5.29 Points [+]
Competitiveness Rank 21.00 22 21 21 21 18 [+]
Ease of Doing Business 29.00 26 26 30.93 26 23 [+]
Electricity Production 47728.00 52333 40135 44963 54804 56542 Gigawatt-hour [+]
Corruption Index 70.00 71 71 70.48 71 74 Points [+]
Corruption Rank 23.00 22 22 26.23 22 19 [+]
Steel Production 1319.36 1130 1382 1300 990 1050 Thousand Tonnes [+]
Mining Production 2.90 -0.2 0.5 0.73 1.6 0.9 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 99.00 101 97 98.75 95 101 [+]
Retail Sales MoM 0.00 -0.2 0.5 0.2 0.7 0.9 percent [+]
Retail Sales YoY 3.90 3.6 3.7 2.69 3.5 2.7 percent [+]
Consumer Spending 292776.00 294400 294800 295357 295900 302000 EUR Million [+]
Disposable Personal Income 345756.00 347400 349600 353936 352000 362000 EUR Million [+]
Personal Savings 14.95 14 14.3 14.74 14.9 12.9 percent [+]
Bank Lending Rate 1.79 1.79 1.84 1.85 3.05 4.05 percent [+]
Consumer Credit 1250404.00 1390000 1440000 1295429 1540000 2260000 EUR Million [+]
Gasoline Prices 1.45 1.37 1.41 1.54 1.49 1.67 USD/Liter [+]
Households Debt To Gdp 56.70 57 57.2 56.71 56.09 52.4 percent of GDP [+]
Households Debt To Income 88.27 86.5 86.9 88.42 86.3 83.5 percent [+]
Personal Spending 0.90 0.3 0.4 0.1 0.5 0.8 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 0.80 0.2 0.4 2.93 0.5 1.5 percent [+]
Housing Index 102.82 104 105 102 107 119 Index points [+]
Construction Pmi 50.60 46.5 50.1 50.6 48.38 51.4 [+]
Building Permits 37300.00 33400 38900 38620 38600 39400 [+]
Home Ownership Rate 64.10 65.1 65.1 64.9 65.1 65.1 percent [+]
New Home Sales 27753.00 26957 30702 28153 29708 29535 [+]
Housing Starts 34200.00 29700 34400 31824 40500 42300 [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 33.30 33.3 33.3 33.3 33.3 33.3 percent [+]
Personal Income Tax Rate 50.20 50.3 50.3 50.2 50.3 50.3 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 54.83 54.8 54.8 54.83 54.8 54.8 percent [+]
Social Security Rate For Companies 40.63 40.6 40.6 40.63 40.6 40.6 percent [+]
Social Security Rate For Employees 14.20 14.2 14.2 14.2 14.2 14.2 percent [+]





Economic Forecasts for France including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the France economy. 1/21/2017