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

The Gross Domestic Product (GDP) in France expanded 0.1 percent in the fourth 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
0.10 0.30 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 Wednesday, April 1, 2015.


French GDP Growth Confirmed at 0.1% QoQ in Q4


The French economy expanded 0.1 percent in the last quarter of 2014, slowing from a 0.3 percent expansion in the July to September quarter and matching preliminary estimates. The rebound in net exports were unable to offset a slowdown in consumption and a decline in investment.

Households’ consumption expenditure increased by 0.2 percent after a 0.3 percent rise in the previous period. Government expenditure grew 0.5 percent, following a 0.6 percent growth in the third quarter. Total gross fixed capital formation  declined by 0.5 percent, falling further from a 0.6 percent contraction in the preceding quarter. Final domestic demand (excluding changes in inventories) slightly improved and contributed 0.1 points to GDP growth (after 0.2 points in the third quarter).

Exports accelerated by 2.5 percent after a 1.0 percent increase in July to September quarter and imports rose by 1.7 percent, as in the previous quarter. Consequently, the foreign trade balance contributed positively to GDP (+0.2 points after -0.2 points in the previous quarter). In contrast, changes in inventories contributed negatively to GDP growth (-0.2 points after +0.4 points).

Year-on-year, the GDP grew 0.2 percent in the fourth quarter, slowing from a 0.4 percent expansion  in the previous period.


For full year of 2014, the country's economy grew by 0.4 percent, the same pace as in the preceding year.

Insee l Rida Husna l rida@tradingeconomics.com
3/26/2015 10:07:39 AM


Recent Releases

French GDP Expands 0.1% in Q4
The French economy advanced 0.1 percent in the fourth quarter of 2014, slowing from a 0.3 percent growth in July to September period, as a rebound in net exports was unable to offset a slowdown in consumption and a decline in investment. Published on 2015-02-13

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. Published on 2014-12-23


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
0.1% 0.3% 0.1% 0.1%
2015-03-26 07:45 AM
GDP Growth Rate QoQ Final  Q4
0.1% 0.3% 0.1% 0.1%
2015-05-15 06:30 AM
GDP Growth Rate QoQ Prel  Q1
0.1% 0.2%
2015-06-26 07:45 AM
GDP Growth Rate QoQ Final  Q1
2015-08-14 06:30 AM
GDP Growth Rate QoQ Prel  Q2
0.09%


France GDP Last Previous Highest Lowest Unit
GDP 2734.95 2611.22 2831.80 62.70 USD Billion [+]
GDP Growth Rate 0.10 0.30 1.60 -1.70 percent [+]
GDP Annual Growth Rate 0.24 0.41 12.50 -3.92 percent [+]
GDP Constant Prices 516497.00 515863.00 516497.00 68907.00 EUR Million [+]
GDP per capita 34140.57 34250.17 34982.13 11154.40 USD [+]
Gross Fixed Capital Formation 109112.00 109700.10 121334.00 11800.00 EUR Million [+]
GDP per capita PPP 35969.10 36084.57 36855.65 29290.04 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.30 Nov/14 0.20 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.50 Nov/14 1.90 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.82 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.40 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.80 Nov/14 0.30 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.30 Nov/14 0.80 6.80 -7.00 percent [+]
Spain 0.80 Feb/15 0.70 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.70 Nov/14 0.50 6.69 -7.57 percent [+]
United Kingdom 0.60 Nov/14 0.60 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]