France GDP Growth Rate 1978-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in France stagnated 0 percent in the second quarter of 2014 over the previous quarter. GDP Growth Rate in France averaged 0.45 Percent from 1978 until 2014, reaching an all time high of 1.60 Percent in the second quarter of 1978 and a record low of -1.70 Percent in the first quarter of 2009. GDP Growth Rate in France is reported by the INSEE, France.

   
 
 

France GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 1.60 -1.70 1978 - 2014 Percent Quarterly
France is the fifth largest economy in the world and the second largest in the Euro Area. France has a large and diversified industrial and agricultural base which includes aircraft, military equipment, perfumes, pharmaceuticals, wine, beef and wheat production. France is also the most popular tourist destination in world and welcomes over 80 million foreign visitors per year. As such, the services sector contributes the largest share to global output (79 percent of total GDP). However, in recent years, France has been losing competitiveness and capacity to attract private investment due to rigid labour laws, high taxes and social contributions along with low levels of innovation. As a result, its export oriented industrial base gradually eroded creating a systemic trade deficit and increasing unemployment. This page provides - France GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - France GDP Growth Rate - was last refreshed on Wednesday, October 22, 2014.


French GDP Stalls in Q2


The French economy showed no growth in the second quarter of 2014, according to the final figures from INSEE and matching preliminary estimates. The GDP continued to stall during April to June period, following a stagnation in the first quarter, as gross fixed capital formation remained depressed while government consumption stayed flat.

On a quarter-on-quarter seasonally adjusted basis, households’ consumption expenditure upturned (+0.4 percent  after –0.6 percent), while total gross fixed capital formation (GFCF) remained depressed (–1.1 percent after –0.9 percent). All in all, final domestic demand (excluding changes in inventories) slightly increased and contributed for +0.1 points to GDP evolution (after –0.4 points in Q1).

Imports decelerated (+0.4 percent after +0.8 percent), but slightly less than exports (+0.1 percent after +0.6 percent). Consequently, the foreign trade balance contributed negatively to activity (–0.1 points). Finally, changes in inventories had a neutral contribution to GDP growth (0.0 points, after +0.5 points in Q1).

Government expenditure remained flat at 0.4 percent, unchanged from  the previous quarter.

Year-on-year, the GDP grew 0.1 percent in the second quarter of 2014, following a revised 0.8 percent growth in the preceding period.

INSEE l Rida l rida@tradingeconomics.com
9/23/2014 8:56:13 AM


Recent Releases

French Economy Stagnates in Q2
French economy recorded no growth in the second quarter of 2014, after it was already flat in the first, according to the preliminary figures. While domestic demand increased, foreign trade and changes in inventories dragged the expansion down. Published on 2014-08-14

French GDP Growth Stalls in Q1
The French economy showed no growth in the first three months of 2014, according to final figures from the INSEE and matching preliminary estimates. The GDP stagnated in the first quarter, following a 0.2 percent expansion in the previous period. A contraction was avoided due to government spending and higher inventories. Published on 2014-06-27


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-15 06:30 AM France
GDP Growth Rate QoQ Prel
Q1 2014 0.0% 0.2% (R) 0.2% 0.2%
2014-06-27 07:45 AM France
GDP Growth Rate QoQ Final
Q1 2014 0.0% 0.2% 0.0% 0.0%
2014-08-14 06:30 AM France
GDP Growth Rate QoQ Prel
Q2 2014 0.0% 0.0% 0.1% 0.1%
2014-09-23 07:45 AM France
GDP Growth Rate QoQ Final
Q2 2014 0.0% 0.0% 0.0% 0.0%
2014-11-14 06:30 AM France
GDP Growth Rate QoQ Prel
Q3 2014 0.0% 0.12%


France GDP Last Previous Highest Lowest Unit
GDP 2734.95 2611.22 2831.80 62.70 USD Billion [+]
GDP Growth Rate 0.00 0.00 1.60 -1.70 Percent [+]
GDP Annual Growth Rate 0.10 0.80 4.90 -4.30 Percent [+]
GDP Constant Prices 514842.00 514983.00 514983.00 68907.00 EUR Million [+]
GDP per capita 34140.57 34250.17 34982.13 11154.40 USD [+]
Gross Fixed Capital Formation 109500.00 110584.00 111711.00 9036.00 EUR Million [+]
GDP per capita PPP 35969.10 36084.57 36855.65 29290.04 USD [+]