France GDP Growth Rate  1949-2017 | Data | Chart | Calendar | Forecast

France GDP expanded 0.3 percent quarter-on-quarter in the March quarter of 2016, compared to an upwardly revised 0.5 percent growth in the three months to December while market estimated a 0.4 percent expansion, first estimates showed. The slowdown was mainly due to sluggish private consumption and a slump in net external demand. Year-on-year, the GDP grew by 0.8 percent, slower than an upwardly revised 1.2 percent expansion in the last quarter 2016. GDP Growth Rate in France averaged 0.78 percent from 1949 until 2017, reaching an all time high of 7.70 percent in the third quarter of 1968 and a record low of -5 percent in the second quarter of 1968.

France GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-28 07:45 AM Q4 0.4% 0.2% 0.4% 0.4%
2017-03-24 07:45 AM Q4 0.4% 0.2% 0.4% 0.4%
2017-04-28 05:30 AM Q1 0.3% 0.5% 0.4% 0.3%
2017-05-30 06:45 AM Q1 0.5% 0.3% 0.3%
2017-06-23 06:45 AM Q1 0.5% 0.3%
2017-07-28 05:30 AM Q2 0.4%




France GDP growth Below Estimates In Q1


France GDP expanded 0.3 percent quarter-on-quarter in the March quarter of 2016, compared to an upwardly revised 0.5 percent growth in the three months to December and less than market estimates of a 0.4 percent expansion, first estimates showed. The slowdown was mainly due to sluggish private consumption and a slump in net external demand while government spending and investment went up.

In the first quarter, household consumption rose 0.1 percent, slowing sharply from a 0.6 percent rise in the previous quarter. Government expenditure gained 0.4 percent, compared to a 0.3 percent increase in the preceding quarter. Total gross fixed capital formation grew by 0.9 percent, faster than a 0.6 percent growth in the December quarter. Final domestic demand (excluding changes in inventories) contributed 0.4 points to GDP growth, down from 0.5 points in the prior quarter; and changes in inventories contributed 0.6 points (after -0.2 points in the prior three months).

Exports shrank by 0.7 percent, following a 1.4 percent rise in the fourth quarter, while imports went up 1.5 percent, faster than a 0.8 percent increase in the preceding quarter. The foreign trade balance contributed negatively to the economy (-0.7 points after 0.2 points in the December quarter).

Year-on-year, the GDP grew by 0.8 percent, slower than an upwardly revised 1.2 percent expansion in the last quarter 2016. 

Insee l Rida Husna | rida@tradingeconomics.com
4/28/2017 11:44:18 AM



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.50 7.70 -5.00 percent [+]
GDP Annual Growth Rate 0.80 1.20 12.50 -3.80 percent [+]
GDP 2418.84 2839.16 2923.47 62.65 USD Billion [+]
GDP Constant Prices 533188.00 531550.00 533188.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 117267.00 116213.00 121168.00 11800.00 EUR Million [+]
GDP per capita 41702.40 41345.10 41702.40 12992.04 USD [+]
GDP per capita PPP 37775.00 37451.38 37775.00 29527.97 USD [+]
GDP From Agriculture 7297.00 7112.00 8619.00 2165.00 EUR Million [+]
GDP From Construction 24277.00 24254.00 30452.00 6440.00 EUR Million [+]
GDP From Manufacturing 54004.00 53869.00 54510.00 7291.00 EUR Million [+]
GDP From Services 276951.00 275500.00 276951.00 26222.00 EUR Million [+]
GDP From Transport 23031.00 23040.00 23040.00 1600.00 EUR Million [+]
GDP From Utilities 10865.00 11167.00 12750.00 535.00 EUR Million [+]


France GDP Growth Rate Notes

France is the seventh largest economy in the world and the second largest in the Euro Area. Composition of the GDP on the expenditure side: household consumption (55 percent); government expenditure (24 percent) and gross fixed capital formation (22 percent). Exports of goods and services account for 29 percent of GDP while imports account for 31 percent, subtracting 2 percent from total GDP. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 7.70 -5.00 1949 - 2017 percent Quarterly



gdp growth rate by Country

Last
Turkey 3.80 Dec/16
India 1.60 Dec/16
China 1.30 Mar/17
Australia 1.10 Dec/16
South Korea 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
United States 0.70 Mar/17
Canada 0.60 Dec/16
Germany 0.60 Mar/17
Euro Area 0.50 Mar/17
Japan 0.50 Mar/17
Netherlands 0.40 Mar/17
France 0.30 Mar/17
United Kingdom 0.30 Mar/17
Italy 0.20 Mar/17
Switzerland 0.10 Dec/16
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15
Brazil -0.90 Dec/16