France’s economy contracted by 0.1% quarter-on-quarter in Q1 2026, compared with preliminary estimates of a flat reading and reversing a 0.2% expansion in Q4. This marked the first contraction since Q2 2020, as foreign trade weighed heavily on growth, subtracting 0.9 percentage points, with exports falling sharply (-3.5% vs +0.9% in Q4) while imports also declined (-0.9% vs -1.0%). Final domestic demand excluding inventories also contributed negatively (-0.2pp vs +0.2), reflecting weaker household consumption (-0.2% vs +0.3%), weighed down by a sharp drop in goods spending (-0.7%), while services were unchanged at +0.2%. Gross fixed capital formation also contracted (-0.6% vs +0.2%), driven by a steep fall in construction investment (-1.7%). In contrast, changes in inventories provided a strong offset, adding +1.0 percentage point after -0.7 in the previous quarter. On a yearly basis, GDP expanded 0.9%, lower than initial estimates of 1.1% and slowing from 1.3% in Q4. source: INSEE, France

The Gross Domestic Product (GDP) in France contracted 0.10 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in France averaged 0.75 percent from 1949 until 2026, reaching an all time high of 15.10 percent in the third quarter of 2020 and a record low of -12.20 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

The Gross Domestic Product (GDP) in France contracted 0.10 percent in the first quarter of 2026 over the previous quarter. GDP Growth Rate in France is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France GDP Growth Rate is projected to trend around 0.30 percent in 2027 and 0.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-30 05:30 AM
QoQ Prel
Q1 0% 0.2% 0.2% 0.1%
2026-05-29 06:45 AM
QoQ Final
Q1 -0.1% 0.2% 0% 0.0%
2026-07-30 05:30 AM
QoQ Prel
Q2 -0.1% 0.2%


Related Last Previous Unit Reference
Full Year GDP Growth 0.90 1.10 percent Dec 2025
GDP Growth Rate YoY 0.90 1.10 percent Mar 2026
GDP Constant Prices 665034.00 665641.00 EUR Million Mar 2026
GDP from Agriculture 8300.00 8410.00 EUR Million Mar 2026
GDP from Construction 30292.00 30756.00 EUR Million Mar 2026
GDP from Manufacturing 63524.00 63178.00 EUR Million Mar 2026
GDP from Services 350594.00 350646.00 EUR Million Mar 2026
GDP from Transport 27943.00 28116.00 EUR Million Mar 2026
GDP from Utilities 10088.00 10187.00 EUR Million Mar 2026
GDP Growth Rate -0.10 0.20 percent Mar 2026
Gross Fixed Capital Formation 143844.00 144683.00 EUR Million Mar 2026


France GDP Growth Rate
France is the seventh largest economy in the world and the second largest in the Euro Area. the biggest sector of the economy is household consumption (55 percent) followed by 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.
Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.20 15.10 -12.20 1949 - 2026 percent Quarterly
SA

News Stream
French Economy Contracts in Q1
France’s economy contracted by 0.1% quarter-on-quarter in Q1 2026, compared with preliminary estimates of a flat reading and reversing a 0.2% expansion in Q4. This marked the first contraction since Q2 2020, as foreign trade weighed heavily on growth, subtracting 0.9 percentage points, with exports falling sharply (-3.5% vs +0.9% in Q4) while imports also declined (-0.9% vs -1.0%). Final domestic demand excluding inventories also contributed negatively (-0.2pp vs +0.2), reflecting weaker household consumption (-0.2% vs +0.3%), weighed down by a sharp drop in goods spending (-0.7%), while services were unchanged at +0.2%. Gross fixed capital formation also contracted (-0.6% vs +0.2%), driven by a steep fall in construction investment (-1.7%). In contrast, changes in inventories provided a strong offset, adding +1.0 percentage point after -0.7 in the previous quarter. On a yearly basis, GDP expanded 0.9%, lower than initial estimates of 1.1% and slowing from 1.3% in Q4.
2026-05-29
French Economy Stalls in Q1
France’s economy stalled quarter-on-quarter in Q1 2026, compared with market expectations and the previous period’s 0.2% growth, preliminary estimates showed. This marks the weakest performance in five quarters, pointing to rising stagflation risks amid the ongoing Iran conflict. Household consumption declined (-0.1% vs 0.4%), alongside a contraction in gross fixed capital formation (-0.4% vs 0.3%). Meanwhile, growth in government spending was unchanged (0.4%). Net trade also weighed heavily, as exports fell sharply (-3.8% vs 0.8%), a steeper decline than imports (-1.7% vs -0.8%). In contrast, inventory accumulation provided a strong offset, contributing 0.8 percentage points. On the production side, output growth slowed to 0.1% (vs 0.2%), with services slowing (0.2% vs 0.3%), while construction contracted sharply (-1.3% vs 0.3%). Manufacturing rebounded (0.7% vs -0.3%). On an annual basis, GDP expanded 1.1%, following a 1.3% increase in Q4.
2026-04-30
France Q4 GDP Growth Confirmed at 0.2%
France’s economy expanded 0.2% quarter-on-quarter in Q4 2025, easing from 0.5% in Q3 and confirming preliminary estimates. This marked the softest quarterly growth in three quarters, as government consumption moderated (0.2% vs 0.7% in Q3) and gross fixed capital formation slowed (0.3% vs 0.8%), weighed down by manufactured products (-1.0% vs 0.5%) and construction (0.4% vs 0.6%). Inventory changes also subtracted 0.8 percentage points from overall GDP. Meanwhile, household consumption accelerated (0.4% vs 0.1%), driven by goods (0.5% vs 0.1%) and services (0.2% vs 0.1%), while net trade added 0.7 points, with exports rising (1.0% vs 3.1%) and imports falling (-1.1% vs 1.4%). On an annual basis, GDP expanded 1.2%, higher than initial data of 1.1% and the strongest since Q1 2024, picking up from 1% in Q3. For the full year 2025, the French economy grew 0.9%, slowing from 1.1% in 2024.
2026-02-27