France | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.4 0.5 0.4 0.27 0.7 percent [+]
Unemployment Rate 10.00 9.9 9.7 9.8 10.09 8.4 percent [+]
Inflation Rate 0.50 0.5 0.6 0.7 0.9 2.1 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -4769.00 -3900 -3300 -3100 -3400 -1650 EUR Million [+]
Government Debt to GDP 96.10 97 97.2 97.4 98.67 92.5 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 1.07 1.05 1.04 1.03 1.02 0.85 [+]
Stock Market 4605.50 4490 4440 4400 4350 3630 points [+]
Government Bond 10Y 0.77 0.76 0.77 0.77 0.78 0.9 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.20 0.4 0.5 0.4 0.27 0.7 percent [+]
GDP Annual Growth Rate 1.10 1.2 1.3 1.3 1.4 2.2 percent [+]
GDP 2421.68 2700 2740 2780 2398 2920 USD Billion [+]
GDP Constant Prices 530297.00 532000 534000 535000 531075 562000 EUR Million [+]
Gross Fixed Capital Formation 115696.00 113200 113600 113900 115179 115700 EUR Million [+]
GDP per capita 41329.92 41500 41500 41600 41836 42700 USD [+]
GDP per capita PPP 37305.69 37600 37700 37800 37749 38800 USD [+]
GDP From Agriculture 7649.00 8066 8064 8071 8010 8970 EUR Million [+]
GDP From Construction 24251.00 24961 25387 25606 24756 25500 EUR Million [+]
GDP From Manufacturing 53669.00 53968 54048 54054 53499 55000 EUR Million [+]
GDP From Services 273870.00 274853 275348 275928 275407 283000 EUR Million [+]
GDP From Transport 22745.00 22904 23101 23217 23089 25700 EUR Million [+]
GDP From Utilities 10858.00 11299 11393 11417 10787 12714 EUR Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 10.00 9.9 9.7 9.8 10.09 8.4 percent [+]
Employed Persons 27734.00 27827 27875 27888 28286 28500 Thousand [+]
Unemployed Persons 3478.80 3460 3440 3430 3420 3310 Thousand [+]
Employment Rate 64.60 64.7 64.9 65 64.47 69 percent [+]
Long Term Unemployment Rate 4.30 4.2 4.5 4.4 4.38 3.8 percent [+]
Youth Unemployment Rate 23.90 22.9 22.6 22.4 23.09 20.3 percent [+]
Productivity 111.76 112 113 113 111 119 Index Points [+]
Labour Costs 106.60 108 108 109 108 119 Index Points [+]
Job Vacancies 248.60 198 264 270 240 208 Thousand [+]
Wages 2912.00 2990 3000 3050 3044 3520 EUR/Month [+]
Wage Growth 0.30 0.3 0.4 0.5 0.33 1.6 percent [+]
Wages in Manufacturing 115.10 116 117 118 119 129 Index Points [+]
Minimum Wages 1466.62 1470 1490 1490 1467 1530 EUR/Month [+]
Population 66.63 66.71 66.76 66.81 66.99 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 0.20 0.2 0.4 0.3 0.13 1.5 percent [+]
Full Time Employment 21455.20 21511 21654 21722 21694 22900 Thousand [+]
Wages Low Skilled 1860.00 1880 1890 1900 1704 2070 EUR/Month [+]
Wages High Skilled 3140.00 3150 3180 3180 3076 3360 EUR/Month [+]
Non Farm Payrolls 16067.00 16102 16137 16129 16188 16800 Thousand [+]
Part Time Employment 4869.00 4800 4820 4830 4830 4930 Thousand [+]
Labor Force Participation Rate 56.00 56.3 56.5 56.4 56 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 -11.70 -6 18 -11 -19.24 -14 Thousand [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.50 0.5 0.6 0.7 0.9 2.1 percent [+]
Inflation Rate Mom 0.00 0.4 0.5 0.4 0.05 1 percent [+]
Consumer Price Index CPI 100.38 102 104 105 100 120 Index Points [+]
Harmonised Consumer Prices 100.55 103 104 105 100 121 Index Points [+]
Core Consumer Prices 100.66 103 104 107 101 123 Index Points [+]
Core Inflation Rate 0.50 0.8 1 0.9 0.47 2.3 percent [+]
Producer Prices 103.20 103 104 105 105 120 2010=100, Index Points [+]
Producer Prices Change -1.70 -1.5 -0.6 -0.1 -0.61 1.8 percent [+]
Export Prices 114.10 116 117 118 114 130 Index Points [+]
Import Prices 99.50 102 101 102 99.23 111 Index Points [+]
Food Inflation -0.10 0.8 1 0.9 -0.23 2.5 percent [+]
Cpi Transportation 99.53 102 103 104 99.61 120 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.31 -0.25 -0.21 -0.15 -0.32 1.75 percent [+]
Money Supply M1 1029155.00 1060000 1080000 1100000 1123707 1510000 EUR Million [+]
Money Supply M2 1832358.00 1990000 2070000 2150000 1928364 3020000 EUR Million [+]
Money Supply M3 2216996.00 2380000 2470000 2560000 2326442 3330000 EUR Million [+]
Banks Balance Sheet 8432069.00 8830000 8950000 9040000 8780088 10300000 EUR Million [+]
Foreign Exchange Reserves 159.89 161 162 163 160 175 EUR Billion [+]
Loans to Private Sector 2205748.00 2210000 2220000 2230000 2267826 2720000 EUR Million [+]
Central Bank Balance Sheet 811356.00 806000 814000 822000 822338 951000 EUR Million [+]
Private Debt to GDP 228.93 220 221 220 234 209 percent [+]
Loan Growth 3.60 2.7 2.5 2.8 4.35 3.8 percent [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -4769.00 -3900 -3300 -3100 -3400 -1650 EUR Million [+]
Exports 37126.00 37400 37200 37000 36800 37850 EUR Million [+]
Imports 41895.00 41300 40500 40100 40200 39500 EUR Million [+]
Current Account -3413.00 -205 -678 -450 -252 214 EUR Million [+]
External Debt 4835836.00 5450000 5520000 5550000 4930680 6520000 EUR Million [+]
Current Account to GDP -1.40 -1 -0.3 -0.3 -1.79 1 percent [+]
Terms of Trade 114.67 115 115 115 115 122 Index Points [+]
Foreign Direct Investment 624.00 3660 1540 4450 2439 4330 EUR Million [+]
Capital Flows 15542.00 21010 -5110 9110 -1436 7500 EUR Million [+]
Remittances 39.00 39 39 39 39 39 EUR Million [+]
Gold Reserves 2435.82 2440 2440 2440 2436 2440 Tonnes [+]
Crude Oil Production 17.00 17 17 17 16.99 17 BBL/D/1K [+]
Weapons Sales 2013.00 1806 1815 1824 1823 1834 USD Million [+]
Terrorism Index 5.60 4.55 4.55 4.55 4.71 4.55 [+]
Tourist Arrivals 83800.00 83100 82800 82400 84438 80100 Thousand [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 96.10 97 97.2 97.4 98.67 92.5 percent [+]
Government Budget -3.60 -3.4 -3.2 -3.2 -3.68 -1.9 percent of GDP [+]
Government Budget Value -83.00 -71.9 -8.6 -57.5 -77.4 -61.8 EUR Billion [+]
Government Spending 129487.00 132000 132400 132600 131066 134000 EUR Million [+]
Government Spending to GDP 57.00 57 57.3 57.4 56.56 53 percent [+]
Government Revenues 229.01 301 78 155 226 288 EUR Billion [+]
Government Debt 2170.60 2190 2220 2240 2231 2470 EUR Billion [+]
Fiscal Expenditure 277.35 370 86 195 275 270 EUR Billion [+]
Asylum Applications 7080.00 6987 6777 7054 6430 2150 persons [+]
Military Expenditure 60747.00 62094 61827 61559 61467 60918 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 103.00 105 102 104 104 108 [+]
Manufacturing PMI 51.70 51 50.8 50.5 52.17 52.8 [+]
Services PMI 51.60 50.9 51.8 52 51.67 51.47 Index Points [+]
Composite Pmi 51.40 51 51.7 52.2 51.79 53.1 Index Points [+]
Industrial Production -1.10 0.8 1.2 1.5 0.67 2 percent [+]
Industrial Production Mom -1.10 -0.5 -0.4 1 -0.02 0.4 percent [+]
Manufacturing Production -0.90 0.6 1.1 1.6 1.42 1.3 percent [+]
Capacity Utilization 82.90 82.3 82.5 82.6 82.82 87 percent [+]
New Orders -16.00 -15.95 -16.62 -16.92 -17.08 -17.23 [+]
Bankruptcies 348.00 378 329 382 328 360 Companies [+]
Zew Economic Sentiment Index 1.90 5 7 6 8.89 16 [+]
Car Registrations 157293.00 162500 169700 165600 161021 163500 Cars [+]
Changes In Inventories 6712.00 4110 3334 2880 3494 2224 EUR Million [+]
Competitiveness Index 5.20 5.13 5.16 5.16 5.16 5.29 Points [+]
Competitiveness Rank 21.00 22 21 21 21 18 [+]
Ease of Doing Business 29.00 27 26 26 30.98 23 [+]
Electricity Production 38026.00 54940 52333 40135 44963 56542 Gigawatt-hour [+]
Corruption Index 70.00 70 71 71 71.3 74 Points [+]
Corruption Rank 23.00 23 22 22 26.38 19 [+]
Steel Production 1320.00 980 1130 1382 1300 1050 Thousand Tonnes [+]
Mining Production -0.30 -0.8 -0.2 0.5 -1.23 0.9 percent [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 98.00 99 101 97 98.28 101 [+]
Retail Sales MoM 0.10 0.8 -0.2 0.5 0.2 0.9 percent [+]
Retail Sales YoY 1.70 3.8 3.6 3.7 1.7 2.7 percent [+]
Consumer Spending 292776.00 293800 294400 294800 295357 302000 EUR Million [+]
Disposable Personal Income 343636.00 346600 347400 349600 353936 362000 EUR Million [+]
Personal Savings 14.76 14.2 14 14.3 14.74 12.9 percent [+]
Bank Lending Rate 1.86 1.82 1.79 1.84 1.85 4.05 percent [+]
Consumer Credit 1249405.00 1320000 1390000 1440000 1295429 2260000 EUR Million [+]
Gasoline Prices 1.39 1.42 1.37 1.41 1.31 1.67 USD/Liter [+]
Households Debt To Gdp 56.40 57.1 57 57.2 56.71 52.4 percent of GDP [+]
Households Debt To Income 88.27 86.7 86.5 86.9 90.08 83.5 percent [+]
Personal Spending 0.90 0.4 0.3 0.4 0.1 0.8 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output 1.70 -0.2 0.2 0.4 2.9 1.5 percent [+]
Housing Index 100.38 103 104 105 102 119 Index points [+]
Construction Pmi 47.50 46.5 50.1 50.6 48.38 51.4 [+]
Building Permits 45600.00 38400 33400 38900 38620 39400 [+]
Home Ownership Rate 64.10 65.1 65.1 65.1 65.22 65.1 percent [+]
New Home Sales 33105.00 30561 28934 31425 29666 30756 [+]
Housing Starts 33500.00 39800 29700 34400 28641 42300 [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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 50.3 50.2 50.3 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 54.83 54.8 54.8 54.8 54.83 54.8 percent [+]
Social Security Rate For Companies 40.63 40.6 40.6 40.6 40.63 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. 12/6/2016