France GDP Growth Rate

The Gross Domestic Product (GDP) in France stagnated 0 percent in the first 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 0.20 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.

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.

On a quarter-on-quarter seasonally adjusted basis, households’ consumption expenditure declined (-0.5 percent after +0.2 percent) and the decrease of total gross fixed capital formation got sharper (-0.8 percent after -0.2 percent). All in all, final domestic demand (excluding changes in inventories) decreased anew and contributed negatively to GDP in Q1 (-0.4 points after +0.2 points in Q4 of 2013).

Government expenditure increased 0.4 percent, slightly down from a 0.5 percent increase in the Q4 of 2013.

Imports accelerated (+1.0 percent after +0.5 percent), while exports slowed (+0.6 percent after +1.5 percent). Consequently, the foreign trade balance contributed negatively to activity (-0.1 points after +0.3 points). In contrast, changes in inventories contributed positively (+0.5 points after -0.3 points).

Year-on-year, the GDP grew 0.7 percent in the first quarter of 2014, following a 0.8 percent increase in the previous period.

INSEE | Isabel Felino |
6/27/2014 9:28:03 AM

Recent Releases

French Economy Stagnates in Q1
French economy unexpectedly remained flat in the first quarter of 2014 after expanding 0.2 percent at the end of 2013 as household consumption decreased and companies cut back on investment. Published on 2014-05-15

French GDP Growth Confirmed at 0.3% in Q4
The French economy advanced 0.3 percent in the final quarter of 2013, in line with the first estimate and recovering from a 0.1 percent contraction in the previous three months. Published on 2014-03-31

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-02-14 06:30 AM France
GDP Growth Rate QoQ
Q4 2013 0.3% 0.0% (R) 0.2% 0.3%
2014-03-31 07:45 AM France
GDP Growth Rate QoQ Final
Q4 2013 0.3% -0.1% (R) 0.3% 0.3%
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 07:45 AM France
GDP Growth Rate QoQ Prel
Q2 2014 0.0% 0.19%

GDP Last Previous Highest Lowest Unit
GDP 2734.95 2611.22 2831.80 62.70 USD Billion [+]
GDP Growth Rate 0.00 0.20 1.60 -1.70 Percent [+]
GDP Annual Growth Rate 0.70 0.80 4.90 -4.30 Percent [+]
GDP Constant Prices 515016.00 514866.00 515016.00 68924.00 EUR Million [+]
GDP per capita 34140.57 34250.17 34982.13 11154.40 USD [+]
Gross Fixed Capital Formation 110686.00 111711.00 111711.00 9036.00 EUR Million [+]
GDP per capita PPP 29819.10 29963.22 30465.50 20242.98 USD [+]

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