France GDP Growth Rate

The Gross Domestic Product (GDP) in France expanded 0.30 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in France is reported by the INSEE, France. GDP Growth Rate in France averaged 0.46 Percent from 1978 until 2013, 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. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.30 -0.10 1.60 -1.70 0.32 | 2014/03 1978 - 2013 Percent Quarterly

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France GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-11-14 06:30 AM France
GDP Growth Rate QoQ- P.
Q3 2013 -0.1% 0.5% 0.1% 0.05%
2013-12-24 07:45 AM France
GDP Growth Rate QoQ - Final
Q3 2013 -0.1% 0.6% (R) -0.1% -0.1%
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%
2014-06-27 07:45 AM France
GDP Growth Rate QoQ
Q1 2014 0.3% 0.32%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 454992.00 2013-11-15 453446.00 454992.00 63083.00 455449.18 2014-03-31 EUR Million [+]
Gross Fixed Capital Formation 83208.00 2013-11-15 82731.00 94837.00 9036.00 82504.72 2014-03-31 EUR Million [+]
GDP per capita 34239.89 2012-12-31 34405.38 34982.13 11154.40 34240.88 2013-12-31 USD [+]
GDP per capita PPP 29819.10 2012-12-31 29963.22 30465.50 20242.98 29725.45 2013-12-31 USD [+]
GDP Growth Rate 0.30 2013-12-31 -0.10 1.60 -1.70 0.32 2014-03-31 Percent [+]
GDP Annual Growth Rate 0.80 2013-12-31 0.30 4.90 -3.90 0.36 2014-03-31 Percent [+]
GDP 2612.90 2012-12-31 2779.70 2831.80 62.70 2562.71 2013-12-31 USD Billion [+]
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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.

Total domestic demand (excluding inventory changes) picked up by the end of the year and contributed positively to activity: +0.4 points after a neutral contribution. Indeed, household consumption accelerated (+0.4 percent after 0.0 percent) and gross fixed capital formation rose for the first time since the end of 2011 (+0.5 percent after –0.3 percent). 

Exports bounced back in Q4 (+1.3 percent after –1.1 percent), while imports decelerated slightly (+0.7 percent after +0.9 percent): consequently, the foreign trade balance contributed positively to activity anew (+0.2 points after –0.6 points). On the contrary, changes in inventories contributed for –0.3 points, after +0.5 points in the previous quarter.

Year-on-year, the economy expanded 0.8 percent. Over the whole year of 2013, GDP rose 0.3 percent after a stagnation in 2012.

INSEE | Joana Taborda | joana.taborda@tradingeconomics.com
3/31/2014 8:48:16 AM

RECENT RELEASES

French Economy Rebounds in Q4
French GDP rose 0.3 percent In the fourth quarter of 2013 over the previous three month period due to increased household consumption and investment. Published on 2014-02-14

French Economy Contracts in Q3
In the third quarter of 2013, French GDP contracted 0.1 percent quarter-on-quarter, unchanged from a preliminary estimate released earlier in November. GDP growth in Q2 is slightly scaled up from +0.5 percent to +0.6 percent. The annual growth rate carried over at Q3 point remains unchanged at 0.1 percent. Published on 2013-12-24


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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