France | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.4 0.4 0.4 0.5 0.7 percent [+]
Unemployment Rate 10.00 9.7 9.7 9.6 9.5 8.2 percent [+]
Inflation Rate 1.20 1.5 1.8 2 1.9 2.3 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -7940.00 -3300 -3100 -3400 -3650 -1650 EUR Million [+]
Government Debt to GDP 96.10 95.9 95.7 95.6 95.5 92.5 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.08 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 5011.17 4920 4870 4820 4720 3980 points [+]
Government Bond 10Y 1.02 0.94 0.95 0.96 0.97 1.12 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.4 0.4 0.4 0.5 0.7 percent [+]
GDP Annual Growth Rate 1.10 1.3 1.3 1.4 1.5 2.2 percent [+]
GDP 2418.84 2740 2780 2800 2820 2920 USD Billion [+]
GDP Constant Prices 531529.00 534000 535000 536000 537000 562000 EUR Million [+]
Gross Fixed Capital Formation 116528.00 117600 118500 119200 120400 125200 EUR Million [+]
GDP per capita 41533.87 41700 41800 41900 42000 43100 USD [+]
GDP per capita PPP 37489.78 38700 38800 38900 39000 40100 USD [+]
GDP From Agriculture 7020.00 8064 8071 8075 8079 8970 EUR Million [+]
GDP From Construction 24256.00 25387 25606 25650 25781 25500 EUR Million [+]
GDP From Manufacturing 53887.00 54048 54054 54072 54088 55000 EUR Million [+]
GDP From Services 275405.00 275650 276920 277510 276810 283000 EUR Million [+]
GDP From Transport 22888.00 23101 23217 23392 23506 25700 EUR Million [+]
GDP From Utilities 11197.00 11393 11417 11500 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 27773.50 27875 27888 27985 28000 29100 Thousand [+]
Unemployed Persons 3467.90 3440 3430 3420 3410 3310 Thousand [+]
Employment Rate 64.70 64.9 65 65.2 65.4 69 percent [+]
Long Term Unemployment Rate 4.20 4.5 4.4 4.3 4.1 3.8 percent [+]
Youth Unemployment Rate 23.60 24.6 23.4 22.3 21.1 18.3 percent [+]
Productivity 112.04 113 113 114 114 119 Index Points [+]
Labour Costs 107.10 108 109 109 110 119 Index Points [+]
Job Vacancies 263.80 264 270 282 200 208 Thousand [+]
Wages 2912.00 3000 3050 3150 3270 3520 EUR/Month [+]
Wage Growth 0.20 0.4 0.5 0.5 0.6 1.6 percent [+]
Wages in Manufacturing 115.40 117 118 117 120 129 Index Points [+]
Minimum Wages 1480.27 1490 1490 1490 1490 1530 EUR/Month [+]
Population 66.63 66.76 66.81 66.93 67.11 68.74 Million [+]
Retirement Age Women 65.33 65.33 65.33 65.33 65.33 66.33 [+]
Retirement Age Men 65.33 65.33 65.33 65.33 65.33 66.33 [+]
Employment Change 0.10 0.2 0.3 0.2 0.5 0.7 percent [+]
Full Time Employment 21448.50 21854 21922 22000 22100 22900 Thousand [+]
Wages Low Skilled 1860.00 1890 1900 1940 1940 2070 EUR/Month [+]
Wages High Skilled 3140.00 3180 3180 3190 3190 3360 EUR/Month [+]
Labor Force Participation Rate 55.90 56.3 56.4 56.5 56.6 57.5 percent [+]
Non Farm Payrolls 16174.90 16140 16170 16190 16200 16800 Thousand [+]
Part Time Employment 4761.70 4820 4830 4840 4850 4930 Thousand [+]
Living Wage Family 1365.70 2390 2390 2390 2390 2650 EUR/Month [+]
Living Wage Individual 1063.20 1220 1220 1220 1220 1320 EUR/Month [+]
Initial Jobless Claims 0.80 18 26 -12 -18 -14 Thousand [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.20 1.5 1.8 2 1.9 2.3 percent [+]
Inflation Rate Mom 0.10 -0.3 0.4 0.3 0.4 0.8 percent [+]
Consumer Price Index CPI 100.51 102 103 105 107 120 Index Points [+]
Harmonised Consumer Prices 100.71 1.7 103 105 107 121 Index Points [+]
Core Consumer Prices 100.60 102 105 107 109 123 Index Points [+]
Core Inflation Rate 0.20 0.9 1.3 1.7 1.9 2.5 percent [+]
Producer Prices 105.40 106 108 110 112 124 Index Points [+]
Producer Prices Change 1.70 1.5 1.7 1.6 1.8 2.6 percent [+]
Export Prices 117.80 117 118 120 122 130 Index Points [+]
Import Prices 102.10 101 102 103 105 111 Index Points [+]
Food Inflation 1.60 1 1.2 1.5 1.8 2.5 percent [+]
Cpi Transportation 98.52 103 104 105 106 120 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 -0.33 -0.21 -0.15 -0.05 0.25 1.75 percent [+]
Money Supply M1 1072435.00 1080000 1100000 1120000 1130000 1510000 EUR Million [+]
Money Supply M2 1873464.00 2070000 2150000 2180000 2210000 3020000 EUR Million [+]
Money Supply M3 2288742.00 2470000 2560000 2620000 2690000 3330000 EUR Million [+]
Banks Balance Sheet 8590753.00 8650000 8940000 9120000 9180000 10300000 EUR Million [+]
Foreign Exchange Reserves 165.92 162 163 165 165 175 EUR Billion [+]
Loans to Private Sector 2233881.00 2220000 2230000 2250000 2270000 2720000 EUR Million [+]
Central Bank Balance Sheet 877774.00 875000 892000 925000 941000 1751000 EUR Million [+]
Private Debt to GDP 228.93 221 220 220 219 209 percent [+]
Loan Growth 5.12 4.6 4.4 4.2 4.3 4.4 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -7940.00 -3300 -3100 -3400 -3650 -1650 EUR Million [+]
Exports 37192.00 37200 37000 36800 36350 37850 EUR Million [+]
Imports 45132.00 40500 40100 40200 40000 39500 EUR Million [+]
Current Account -6962.00 -678 -450 -252 -98 214 EUR Million [+]
External Debt 4887517.00 4920000 5250000 5460000 5620000 6520000 EUR Million [+]
Current Account to GDP -1.40 -0.3 -0.3 -1.75 -0.3 1 percent [+]
Terms of Trade 115.38 115 115 116 116 122 Index Points [+]
Foreign Direct Investment 8335.00 1540 4450 -500 2980 4330 EUR Million [+]
Capital Flows -29215.00 -5110 9110 8550 -8006 7500 EUR Million [+]
Remittances 39.00 39 39 39 39 39 EUR Million [+]
Gold Reserves 2435.85 2440 2440 2440 2440 2440 Tonnes [+]
Crude Oil Production 17.00 17 17 17 17 17 BBL/D/1K [+]
Terrorism Index 5.60 5.6 5.6 5.6 5.6 5.6 [+]
Tourist Arrivals 84500.00 84800 84800 84800 84800 86200 Thousand [+]
Weapons Sales 2013.00 1806 1815 1824 1823 1834 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 96.10 95.9 95.7 95.6 95.5 92.5 percent [+]
Government Budget -3.60 -3.2 -3.2 -3.2 -3.2 -1.9 percent of GDP [+]
Government Budget Value -5.40 -26.9 -60.4 -82 -69.5 -61.8 EUR Billion [+]
Government Spending 129866.00 132400 132600 132700 132800 134000 EUR Million [+]
Government Spending to GDP 57.00 55.4 55.4 55.4 55.4 53 percent [+]
Government Revenues 25.42 78 155 226 297 288 EUR Billion [+]
Government Debt 2160.40 2220 2240 2260 2280 2470 EUR Billion [+]
Fiscal Expenditure 33.38 105 215 308 350 270 EUR Billion [+]
Asylum Applications 6150.00 6777 7054 6420 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 104.00 106 99 101 102 108 [+]
Manufacturing PMI 53.40 52 49.4 51.2 51.9 52.8 [+]
Services PMI 58.50 58.5 48.9 50.2 52.2 54 Index Points [+]
Composite Pmi 57.60 57.6 49.5 50.6 52.2 53.1 Index Points [+]
Industrial Production -0.40 1.2 0.9 1.1 1.4 2.3 percent [+]
Industrial Production Mom -0.30 -1 -0.5 0.4 0.6 0.4 percent [+]
Manufacturing Production -1.30 1.1 1.6 1.5 1.7 2.2 percent [+]
Capacity Utilization 83.70 83.5 83.6 83.8 84 87 percent [+]
New Orders -11.00 -20 -22 -17 -14 -9 [+]
Bankruptcies 328.00 329 382 320 375 360 Companies [+]
Zew Economic Sentiment Index 9.00 7 1 4 14 16 [+]
Car Registrations 165679.00 169700 165600 166500 162700 163500 Cars [+]
Changes In Inventories 6034.00 3334 2880 4180 2358 2224 EUR Million [+]
Competitiveness Index 5.20 5.2 5.2 5.2 5.2 5.34 Points [+]
Competitiveness Rank 21.00 21 21 21 21 18 [+]
Ease of Doing Business 29.00 28 28 28 28 25 [+]
Electricity Production 59597.00 52333 40135 39200 54804 56542 Gigawatt-hour [+]
Corruption Index 69.00 71 71 71 71 74 Points [+]
Corruption Rank 23.00 22 22 22 22 19 [+]
Steel Production 1145.00 1130 1382 1290 990 1050 Thousand Tonnes [+]
Mining Production -8.80 -0.2 0.5 -1.38 1.6 0.9 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 100.00 97 94 95 96 102 [+]
Retail Sales MoM -0.80 -0.2 -0.6 0.21 0.7 0.9 percent [+]
Retail Sales YoY 2.10 2.9 3.2 3.6 3.5 2.7 percent [+]
Consumer Spending 295666.00 296400 297800 298400 299900 308000 EUR Million [+]
Disposable Personal Income 345756.00 347400 349600 351000 352000 362000 EUR Million [+]
Personal Savings 15.02 14 14.3 14.5 14.9 12.9 percent [+]
Bank Lending Rate 1.83 1.79 1.84 1.85 1.92 2.8 percent [+]
Consumer Credit 1262339.00 1390000 1440000 1550000 1670000 2560000 EUR Million [+]
Gasoline Prices 1.49 1.37 1.41 1.41 1.49 1.67 USD/Liter [+]
Personal Spending 0.60 -0.3 -0.7 0.1 0.5 0.8 percent [+]
Households Debt To Gdp 57.10 56.2 56 56 55.8 52.4 percent of GDP [+]
Households Debt To Income 88.27 86.9 86.7 86.5 86.3 83.5 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output -5.20 -1 -0.2 0.5 0.8 1.7 percent [+]
Housing Index 102.82 104 105 106 107 119 Index points [+]
Construction Pmi 51.50 49.6 49.4 50.8 51.6 53.4 [+]
Building Permits 37100.00 33400 38900 45700 38600 39400 [+]
New Home Sales 33497.00 29900 34100 28100 29700 32500 [+]
Housing Starts 31500.00 29700 34400 35400 40500 42300 [+]
Home Ownership Rate 64.10 63.8 63.8 63.8 63.8 63 percent [+]
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 50.2 50.2 50.2 50.2 50.2 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 54.83 54.8 54.8 54.8 54.8 54.8 percent [+]
Social Security Rate For Companies 40.63 40.6 40.6 40.6 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. 3/24/2017