France GDP Growth Rate 1978-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in France expanded 0.3 percent in the third 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.

      Forecast    
France GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.10 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 Sunday, February 1, 2015.


French GDP Growth Confirmed at 0.3% QoQ in Q3


The French economy advanced 0.3 percent in the third quarter of 2014, rebounding from a 0.1 percent contraction in the April to June quarter, as an increase in government and household spending offset a decline in net exports and capital investment.

Households’ consumption expenditure increased 0.3 percent after a 0.5 percent rise in the previous period. Government expenditure grew 0.6 percent  after a 0.4 percent expansion in the second quarter. Total gross fixed capital formation went down again (-0.6 percent following a 0.8 percent contraction). Final domestic demand (excluding changes in inventories) improved and contributed 0.2 points to GDP growth (after 0.1 points in the preceding quarter).

Exports recovered (+0.5 percent after 0.0 percent) while imports accelerated (+1.3 percent after a 0.6 percent increase). Consequently, the foreign trade balance contributed negatively to GDP (-0.2 points, as in the previous quarter). Changes in inventories contributed positively to GDP growth (+0.3 points after - 0.1 points).

Year-on-year, the GDP grew 0.4 percent in the third quarter, following a stagnation in the previous period.

INSEE l Rida l rida@tradingeconomics.com
12/23/2014 11:28:24 AM


Recent Releases

French Economy Expands 0.3% in Q3
The French economy advanced 0.3 percent in the third quarter of 2014, after a revised 0.1 percent contraction reported from April to June. Better than expected growth was driven by government expenditure and household spending while net exports and capital investment decreased. Published on 2014-11-14

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. Published on 2014-09-23


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-23 07:45 AM
GDP Growth Rate QoQ Final  Q2
0.0% 0.0% 0.0% 0.0%
2014-11-14 06:30 AM
GDP Growth Rate QoQ - Prel  Q3
0.3% -0.1% (R) 0.1% -0.08%
2014-12-23 07:45 AM
GDP Growth Rate QoQ - Final  Q3
0.3% -0.1% 0.3% 0.3%
2015-02-13 06:30 AM
GDP Growth Rate QoQ Prel  Q4
0.3% 0.1%
2015-03-25 07:45 AM
GDP Growth Rate QoQ Final  Q4
0.3%
2015-05-15 06:30 AM
GDP Growth Rate QoQ Prel  Q1
0.05%


France GDP Last Previous Highest Lowest Unit
GDP 2734.95 2611.22 2831.80 62.70 USD Billion [+]
GDP Growth Rate 0.30 -0.10 1.60 -1.70 percent [+]
GDP Annual Growth Rate 0.40 0.00 4.90 -4.30 percent [+]
GDP Constant Prices 515731.00 514567.00 515731.00 68907.00 EUR Million [+]
GDP per capita 34140.57 34250.17 34982.13 11154.40 USD [+]
Gross Fixed Capital Formation 109527.00 110233.00 111711.00 9036.00 EUR Million [+]
GDP per capita PPP 35969.10 36084.57 36855.65 29290.04 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.30 Aug/14 0.50 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.70 Aug/14 0.90 3.33 -1.80 percent [+]
China 1.50 Nov/14 1.90 2.50 1.40 percent [+]
Euro Area 0.20 Aug/14 0.10 1.30 -2.80 percent [+]
France 0.30 Aug/14 -0.10 1.60 -1.70 percent [+]
Germany 0.25 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.50 Aug/14 1.30 5.80 -1.90 percent [+]
Indonesia 2.96 Aug/14 2.49 3.82 -3.57 percent [+]
Italy -0.10 Aug/14 -0.20 6.00 -3.50 percent [+]
Japan -0.50 Aug/14 -1.90 3.20 -4.00 percent [+]
Mexico 0.50 Aug/14 0.90 2.90 -6.60 percent [+]
Netherlands 0.10 Aug/14 0.60 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.40 Nov/14 0.90 6.80 -7.00 percent [+]
Spain 0.70 Nov/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Aug/14 0.30 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.50 Nov/14 0.70 5.00 -2.70 percent [+]
United States 2.60 Nov/14 5.00 16.90 -10.00 percent [+]