France GDP Growth Rate  1949-2016 | Data | Chart | Calendar | Forecast

French economy shrank 0.1 percent quarter-on-quarter in the June quarter of 2016, compared to stagnation in a preliminary reading and a 0.7 percent growth in the first quarter. It was the first contraction since the first quarter of 2013 as a rebound in exports was not enough to offset a decline in household consumption and investment. Year-on-year, the economy expanded 1.3 percent, compared to a 1.4 percent expansion in the March quarter while market estimated a 1.4 percent growth. GDP Growth Rate in France averaged 0.79 percent from 1949 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
Receive the next reported value for France GDP Growth Rate in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.70 7.70 -5.00 1949 - 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-29 05:30 AM Q2 0.0% 0.7% 0.2% 0.3%
2016-08-26 06:45 AM Q2 0% 0.7% 0% 0%
2016-09-23 06:45 AM Q2 -0.1% 0.7% 0% 0%
2016-10-31 06:30 AM Q3 -0.1% 0.3%
2016-12-23 07:45 AM Q3 -0.1%

France GDP Contracts for 1st Time in Nearly 3 Years


French economy shrank 0.1 percent quarter-on-quarter in the June quarter of 2016, compared to stagnation in a preliminary reading and a 0.7 percent growth in the first quarter. It was the first contraction since the first quarter of 2013 as a rebound in exports was not enough to offset a decline in household consumption and investment.

In the  June quarter, households final consumption expenditure dropped by 0.1 percent (after  a 1.1 percent growth in the preceding quarter). In contrast, government spending grew by 0.4 percent, the same pace as in the previous three months. Total gross fixed capital formation decreased by 0.2 percent, after increasing 1.3 percent in the preceding quarter. Non-financial corporations' investment dropped by 0.4 percent, compared to a 2.1 percent growth in the March quarter. Final domestic demand excluding inventory changes made no contribution to GDP growth (after +0.9 points in the first quarter). 

Exports increased by 0.2 percent, rebounding from a 0.4 percent decline in the previous quarter. Imports fell 1.8 percent, compared to a 0.2 percent rise in the March quarter. That brought the foreign trade balance contributed positively to the economy (+0.6 points after -0.2 points in the preceding quarter). Changes in inventories also contributed negatively to GDP growth (-0.7 points after -0.1 points). 

Year-on-year, the economy expanded 1.3 percent, compared to a 1.4 percent expansion in the March quarter while markets estimated a 1.4 percent growth. 

Insee l Rida Husna | rida@tradingeconomics.com
9/23/2016 1:20:30 PM

France GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 0.70 7.70 -5.00 percent [+]
GDP Annual Growth Rate 1.30 1.40 12.50 -3.80 percent [+]
GDP 2421.68 2829.19 2923.47 62.65 USD Billion [+]
GDP Constant Prices 529185.30 529664.00 529664.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 115125.00 115361.00 121266.00 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 8026.00 7982.00 8615.00 2165.00 EUR Million [+]
GDP From Construction 23980.00 24093.00 30489.00 6440.00 EUR Million [+]
GDP From Manufacturing 53795.00 54052.00 54517.00 7291.00 EUR Million [+]
GDP From Services 272947.00 273597.00 273597.00 26222.00 EUR Million [+]
GDP From Transport 22473.00 22449.00 22473.00 1600.00 EUR Million [+]
GDP From Utilities 11263.00 11171.00 12750.00 535.00 EUR Million [+]




Last
Bangladesh 7.05 Dec/16
Venezuela 6.80 Dec/13
Vietnam 5.55 Jun/16
Angola 4.90 Dec/15
Cape Verde 4.50 Dec/14
Morocco 4.50 Dec/15
Pakistan 4.24 Dec/15
Indonesia 4.02 Jun/16
Algeria 4.00 Dec/14
Macedonia 3.90 Mar/14
United Arab Emirates 3.90 Dec/15
Egypt 3.80 Dec/15
South Africa 3.30 Jun/16
Sri Lanka 2.60 Jun/16
Paraguay 2.50 Jun/16
Iceland 2.10 Jun/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Philippines 1.80 Jun/16
Costa Rica 1.75 Mar/16
Hong Kong 1.60 Jun/16
El Salvador 1.55 Dec/15
Romania 1.50 Jun/16
Saudi Arabia 1.50 Mar/16
Tanzania 1.50 Sep/10
India 1.40 Jun/16
Mongolia 1.40 Jun/16
Bosnia and Herzegovina 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Bahrain 1.20 Jun/16
Ghana 1.10 Mar/16
United States 1.10 Jun/16
Hungary 1.00 Jun/16
Israel 1.00 Jun/16
Czech Republic 0.90 Jun/16
Mauritius 0.90 Mar/16
New Zealand 0.90 Jun/16
Poland 0.90 Jun/16
Slovakia 0.90 Jun/16
Nigeria 0.82 Jun/16
South Korea 0.80 Jun/16
Spain 0.80 Jun/16
Thailand 0.80 Jun/16
Bulgaria 0.70 Jun/16
Cyprus 0.70 Jun/16
Luxembourg 0.70 Mar/16
Malaysia 0.70 Jun/16
Ireland 0.60 Jun/16
Latvia 0.60 Jun/16
Moldova 0.60 Jun/16
Netherlands 0.60 Jun/16
Switzerland 0.60 Jun/16
Ukraine 0.60 Jun/16
United Kingdom 0.60 Jun/16
Australia 0.50 Jun/16
Belgium 0.50 Jun/16
Croatia 0.50 Jun/16
Denmark 0.50 Jun/16
Estonia 0.50 Jun/16
Slovenia 0.50 Jun/16
Sweden 0.50 Jun/16
European Union 0.40 Jun/16
Germany 0.40 Jun/16
Tunisia 0.40 Mar/16
Austria 0.30 Jun/16
Cameroon 0.30 Mar/16
Euro Area 0.30 Jun/16
Portugal 0.30 Jun/16
Singapore 0.30 Jun/16
Turkey 0.30 Jun/16
Colombia 0.20 Jun/16
Greece 0.20 Jun/16
Japan 0.20 Jun/16
Lithuania 0.20 Jun/16
Malta 0.20 Jun/16
Taiwan 0.15 Jun/16
Belize 0.05 Jun/16
Finland 0.00 Jun/16
Italy 0.00 Jun/16
Mozambique 0.00 Jun/16
Norway 0.00 Jun/16
Peru 0.00 Mar/16
Serbia 0.00 Jun/16
Uruguay 0.00 Jun/16
France -0.10 Jun/16
Mexico -0.20 Jun/16
Canada -0.40 Jun/16
Chile -0.40 Jun/16
Bolivia -0.56 Mar/16
Russia -0.57 Sep/15
Brazil -0.60 Jun/16
Jamaica -0.60 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Rwanda -1.40 Jun/16
Dominican Republic -1.67 Mar/16
Ecuador -1.90 Mar/16
Argentina -2.10 Jun/16
Senegal -2.50 Jun/16
Qatar -2.60 Mar/16
Trinidad And Tobago -3.90 Mar/16
Namibia -6.20 Jun/16