France GDP Growth Rate  1950-2016 | Data | Chart | Calendar | Forecast

France economy advanced 0.6 percent in the first three months of 2016, following an upwardly revised 0.4 percent expansion in the December quarter 2015 and matching preliminary estimates. It was the strongest growth since the March quarter 2015, as household spending and investment increased at a faster pace while government expenditure remained strong. Year-on-year, the French economy expanded 1.3 percent, compared to a 1.4 percent expansion in the December quarter and in line with expectations. GDP Growth Rate in France averaged 0.79 percent from 1950 until 2016, 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. GDP Growth Rate in France is reported by the INSEE, France.

France GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 7.70 -5.00 1950 - 2016 percent Quarterly
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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-29 05:30 AM Q1 0.5% 0.3% 0.4% 0.3%
2016-05-30 06:45 AM Q1 0.6% 0.3% 0.5% 0.5%
2016-06-24 06:45 AM Q1 0.6% 0.4% 0.6% 0.6%
2016-07-29 05:30 AM Q2 0.6% 0.2% 0.3%
2016-08-26 06:45 AM Q2 0.6%
2016-09-23 06:45 AM Q2 0.6%

France GDP Growth Confirmed at 0.6% QoQ in Q1


France economy advanced 0.6 percent in the first three months of 2016, following an upwardly revised 0.4 percent expansion in the December quarter 2015 and matching preliminary estimates. It was the strongest growth since the March quarter 2015, as household spending and investment increased at a faster pace while government expenditure remained strong.

In the first quarter, households final consumption expenditure rose 1.1 percent (after +0.1 percent in the preceding quarter). Government expenditure rose 0.5 percent, the same pace as in the previous three months. Total gross fixed capital formation increased by 1.4 percent, accelerating from a 1.0 percent expansion in the preceding quarter. Non-financial corporations' investment rose 2.1 percent, as compared to a 1.6 percent rise in the fourth quarter 2015. Final domestic demand excluding inventory changes contributed for +1.0 points to GDP growth (after +0.4 points  in the December quarter). 

Exports remained unchanged (from +0.8 percent rise), while imports rose 0.8 percent (from +2.8 percent). That brought the foreign trade balance contributed negatively to the economy (-0.2 points after -0.6 points in the December quarter). Changes in inventories also contributed negatively to GDP growth (-0.2 points after +0.6 points). 

Year-on-year, the economy expanded 1.3 percent, compared to a 1.4 percent expansion in the December quarter and in line with expectations.

Insee l Rida Husna | rida@tradingeconomics.com
6/24/2016 8:10:33 AM

France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.60 7.70 -5.00 percent [+]
GDP Annual Growth Rate 1.30 1.30 12.50 -3.95 percent [+]
GDP 2421.68 2829.19 2923.47 62.65 USD Billion [+]
GDP Constant Prices 526821.00 523973.00 526821.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 112630.10 111579.00 121432.00 11800.00 EUR Million [+]
GDP per capita 41329.92 41049.60 41699.17 12992.04 USD [+]
GDP per capita PPP 37305.69 37052.66 37638.99 29423.93 USD [+]
GDP From Agriculture 8053.00 8000.00 8407.00 2165.00 EUR Million [+]
GDP From Construction 23218.00 23475.00 30474.00 6440.00 EUR Million [+]
GDP From Manufacturing 53435.00 53338.00 54491.00 7291.00 EUR Million [+]
GDP From Services 272189.00 270130.00 272189.00 26222.00 EUR Million [+]
GDP From Transport 22584.00 22619.00 22619.00 1600.00 EUR Million [+]
GDP From Utilities 10885.00 10416.00 12737.00 535.00 EUR Million [+]




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