France | Economic Forecasts | 2017-2020 Outlook

This page has 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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.40 0.4 0.4 0.5 0.6 0.7 percent [+]
Unemployment Rate 10.00 9.7 9.6 9.5 9.4 8.2 percent [+]
Inflation Rate 1.10 1.5 1.8 1.9 2 2.3 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -6568.00 -3100 -3400 -3650 -3300 -1650 EUR Million [+]
Government Debt to GDP 96.00 96.5 96.5 96.5 98 92.5 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.09 1.06 1.05 1.04 1.03 0.86 [+]
Stock Market 5271.75 5060 5010 4860 4910 4090 points [+]
Government Bond 10Y 0.89 0.98 0.99 1 1.01 1.16 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.40 0.4 0.4 0.5 0.6 0.7 percent [+]
GDP Annual Growth Rate 1.10 1.3 1.4 1.5 1.7 2.2 percent [+]
GDP 2418.84 2780 2800 2820 2369 2920 USD Billion [+]
GDP Constant Prices 531550.00 535000 536000 537000 535524 562000 EUR Million [+]
Gross Fixed Capital Formation 116213.00 118500 119200 120400 116685 125200 EUR Million [+]
GDP per capita 41702.40 41800 41900 42000 42158 43100 USD [+]
GDP per capita PPP 37775.00 38800 38900 39000 38135 40100 USD [+]
GDP From Agriculture 7112.00 8071 8075 8079 7482 8970 EUR Million [+]
GDP From Construction 24254.00 25606 25650 25781 24331 25500 EUR Million [+]
GDP From Manufacturing 53869.00 54054 54072 54088 53861 55000 EUR Million [+]
GDP From Services 275500.00 276920 277510 276810 278476 283000 EUR Million [+]
GDP From Transport 23040.00 23217 23392 23506 23432 25700 EUR Million [+]
GDP From Utilities 11167.00 11417 11500 11778 11176 12714 EUR Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 10.00 9.7 9.6 9.5 9.4 8.2 percent [+]
Employed Persons 27773.50 27888 27985 28000 28120 29100 Thousand [+]
Unemployed Persons 3508.10 3430 3420 3410 3400 3310 Thousand [+]
Employment Rate 64.70 65 65.2 65.4 65.5 69 percent [+]
Long Term Unemployment Rate 4.20 4.4 4.3 4.1 4.32 3.8 percent [+]
Youth Unemployment Rate 23.60 23.4 22.3 21.1 20.9 18.3 percent [+]
Productivity 112.04 113 114 114 112 119 Index Points [+]
Labour Costs 107.10 109 109 110 108 119 Index Points [+]
Job Vacancies 248.30 270 282 200 246 208 Thousand [+]
Wages 2957.00 3050 3150 3270 3300 3520 EUR/Month [+]
Wage Growth 0.20 0.3 0.3 0.4 0.4 0.7 percent [+]
Wages in Manufacturing 115.40 116 116 116 117 129 Index Points [+]
Minimum Wages 1480.27 1480 1480 1480 1500 1530 EUR/Month [+]
Population 66.63 66.81 66.93 67.11 67.18 68.74 Million [+]
Retirement Age Women 65.33 65.33 65.33 65.33 67.86 66.33 [+]
Retirement Age Men 65.33 65.33 65.33 65.33 67.86 66.33 [+]
Employment Change 0.20 0.3 0.2 0.3 0.4 0.7 percent [+]
Full Time Employment 21435.80 21922 22000 22100 22200 22900 Thousand [+]
Wages Low Skilled 1860.00 1900 1940 1940 1683 2070 EUR/Month [+]
Wages High Skilled 3140.00 3180 3190 3190 3062 3360 EUR/Month [+]
Labor Force Participation Rate 55.90 56.4 56.5 56.6 55.88 57.5 percent [+]
Non Farm Payrolls 16174.90 16170 16190 16200 16361 16800 Thousand [+]
Part Time Employment 4759.00 4830 4840 4850 4860 4930 Thousand [+]
Living Wage Family 1365.70 1450 1450 1450 1520 1920 EUR/Month [+]
Living Wage Individual 1063.20 1220 1220 1220 1310 1730 EUR/Month [+]
Initial Jobless Claims 43.70 26 -12 -18 14.31 -14 Thousand [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.10 1.5 1.8 1.9 2 2.3 percent [+]
Inflation Rate Mom 0.60 0.4 0.3 0.4 0.3 0.8 percent [+]
Consumer Price Index CPI 101.16 103 105 107 102 120 Index Points [+]
Harmonised Consumer Prices 101.47 103 105 107 109 121 Index Points [+]
Core Consumer Prices 100.85 105 107 109 111 123 Index Points [+]
Core Inflation Rate 0.40 0.5 0.8 1.2 1.5 2.5 percent [+]
Producer Prices 105.50 108 110 112 114 124 Index Points [+]
Producer Prices Change 3.90 5.1 4.7 3.3 2.6 2.3 percent [+]
Export Prices 117.10 118 120 122 117 130 Index Points [+]
Import Prices 102.50 102 103 105 103 111 Index Points [+]
Food Inflation 0.80 1.8 1.9 2.1 2 2.5 percent [+]
Cpi Transportation 99.14 102 104 106 108 120 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.25 -0.15 -0.05 0.15 1.75 percent [+]
Money Supply M1 1078643.00 1100000 1120000 1130000 1078424 1510000 EUR Million [+]
Money Supply M2 1889082.00 2150000 2180000 2210000 1976354 3020000 EUR Million [+]
Money Supply M3 2296627.00 2560000 2620000 2690000 2393751 3330000 EUR Million [+]
Banks Balance Sheet 8673818.00 8940000 9120000 9180000 8661089 10300000 EUR Million [+]
Foreign Exchange Reserves 156.94 163 156 165 156 175 EUR Billion [+]
Loans to Private Sector 2256089.00 2230000 2250000 2270000 2352515 2720000 EUR Million [+]
Central Bank Balance Sheet 903997.00 892000 925000 941000 965657 1751000 EUR Million [+]
Private Debt to GDP 228.93 220 220 219 219 209 percent [+]
Loan Growth 5.82 6 6.2 6.5 6.6 5.8 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -6568.00 -3100 -3400 -3650 -3300 -1650 EUR Million [+]
Exports 37794.00 37000 36800 36350 37800 37850 EUR Million [+]
Imports 44362.00 40100 40200 40000 41100 39500 EUR Million [+]
Current Account -3630.00 -1450 -1852 -922 -1250 -550 EUR Million [+]
External Debt 4887517.00 5250000 5460000 5620000 4908738 6520000 EUR Million [+]
Current Account to GDP -1.40 -1.8 -1.8 -1.8 -1.3 -0.9 percent [+]
Terms of Trade 114.24 115 116 116 114 122 Index Points [+]
Foreign Direct Investment 3273.00 4450 -500 2980 3300 4330 EUR Million [+]
Capital Flows -17328.00 9110 8550 -8006 -1769 7500 EUR Million [+]
Remittances 39.00 39 39 39 39 39 EUR Million [+]
Gold Reserves 2435.85 2440 2440 2440 2436 2440 Tonnes [+]
Crude Oil Production 16.00 17 17 17 15.8 17 BBL/D/1K [+]
Terrorism Index 5.60 5.6 5.6 5.6 5.6 5.6 [+]
Tourism Revenues 1885.00 4083 3573 2755 3224 3287 EUR Million [+]
Tourist Arrivals 84500.00 84800 84800 84800 85200 86200 Thousand [+]
Weapons Sales 2013.00 1806 1815 1824 1823 1834 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 96.00 96.5 96.5 96.5 98 92.5 percent [+]
Government Budget -3.40 -3.2 -3.2 -3.2 -2.7 -1.9 percent of GDP [+]
Government Budget Value -21.47 -60.4 -82 -67.5 -27.2 -61.8 EUR Billion [+]
Government Spending 129623.00 132600 132700 132800 131018 134000 EUR Million [+]
Government Spending to GDP 56.20 55.4 55.4 55.4 54.7 53 percent [+]
Government Revenues 50.73 155 226 312 68 258 EUR Billion [+]
Government Debt 2147.20 2240 2260 2280 2215 2470 EUR Billion [+]
Fiscal Expenditure 6.27 215 308 380 95 320 EUR Billion [+]
Asylum Applications 7000.00 7054 6420 8250 6733 2150 persons [+]
Military Expenditure 60747.00 62094 61827 61559 61467 60918 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Business Confidence 108.00 101 102 103 104 108 [+]
Manufacturing PMI 55.10 52.9 51.5 51.9 52.4 52.8 [+]
Services PMI 57.70 54.9 54.2 53.4 55.5 54 Index Points [+]
Composite Pmi 57.40 56.2 55.4 54.2 56.2 53.1 Index Points [+]
Industrial Production -0.70 0.9 1.1 1.4 1.5 2.3 percent [+]
Industrial Production Mom -1.60 -0.5 0.4 0.6 -0.3 0.4 percent [+]
Manufacturing Production -0.50 1.6 1.5 1.7 1.8 2.2 percent [+]
Capacity Utilization 83.70 83.6 83.8 84 84.03 87 percent [+]
New Orders -6.00 -18 -12 -10 -8 -6 [+]
Bankruptcies 326.00 382 320 375 327 360 Companies [+]
Zew Economic Sentiment Index 19.60 4 6 12 14 22 [+]
Car Registrations 170892.00 165600 166500 162700 172400 163500 Cars [+]
Changes In Inventories 5583.00 2880 4180 2358 3199 2224 EUR Million [+]
Competitiveness Index 5.20 5.2 5.2 5.2 5.25 5.34 Points [+]
Competitiveness Rank 21.00 21 21 21 20 18 [+]
Ease of Doing Business 29.00 28 28 28 27 25 [+]
Electricity Production 59597.00 40135 39200 54804 49638 56542 Gigawatt-hour [+]
Corruption Index 69.00 70 70 70 71 73 Points [+]
Corruption Rank 23.00 22 22 22 21 19 [+]
Steel Production 1240.23 1382 1290 990 1337 1050 Thousand Tonnes [+]
Mining Production 7.20 1.8 2 1.6 1.4 0.9 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 100.00 96 98 99 100 103 [+]
Retail Sales MoM 0.70 -0.6 0.2 0.7 0.2 0.9 percent [+]
Retail Sales YoY 2.80 3.2 3.6 3.5 3.4 2.7 percent [+]
Consumer Spending 295758.00 297800 298400 299900 300348 308000 EUR Million [+]
Disposable Personal Income 347056.00 349600 351000 352000 351722 362000 EUR Million [+]
Personal Savings 14.47 14.3 14.5 14.9 14.57 12.9 percent [+]
Bank Lending Rate 1.77 1.84 1.85 1.92 1.74 2.8 percent [+]
Consumer Credit 1267813.00 1440000 1550000 1670000 1319229 2560000 EUR Million [+]
Gasoline Prices 1.44 1.43 1.42 1.45 1.44 1.65 USD/Liter [+]
Personal Spending -0.80 -0.7 0.4 0.5 -0.6 0.8 percent [+]
Households Debt To Gdp 57.10 56 56 55.8 58.03 52.4 percent of GDP [+]
Households Debt To Income 88.27 86.7 86.5 86.3 89.45 83.5 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Output 9.30 4.5 3.9 3.2 2.6 2.1 percent [+]
Housing Index 102.17 105 106 107 102 119 Index points [+]
Construction Pmi 53.20 52.9 52.2 51.6 52.5 53.4 [+]
Building Permits 37000.00 38900 45700 38600 34600 39400 [+]
New Home Sales 33497.00 34100 28100 29700 31600 32500 [+]
Housing Starts 29500.00 34400 35400 40500 32200 42300 [+]
Home Ownership Rate 64.10 63.8 63.8 63.8 63.4 63 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 33.30 33.3 33.3 33.3 33 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 [+]