France GDP Growth Rate 1950-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in France expanded 0.60 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in France averaged 0.79 percent from 1950 until 2015, 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.

      Forecast
France GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.10 7.70 -5.00 1950 - 2015 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. Content for - France GDP Growth Rate - was last refreshed on Monday, July 6, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-26 07:45 AM Q4 0.1% 0.3% 0.1% 0.1%
2015-05-13 06:30 AM Q1 0.6% 0.0% (R) 0.4% 0.4%
2015-06-24 07:45 AM Q1 0.6% 0.1% (R) 0.6% 0.6%
2015-08-14 06:30 AM Q2 0.6% 0.28%
2015-09-23 07:45 AM Q2 0.6%
2015-11-13 06:30 AM Q3 0.61%


French GDP Growth Confirmed at 0.6% QoQ in Q1


The French economy expanded 0.6 percent in the first quarter of 2015, significantly accelerating from a revised 0.1 percent expansion in the October to December quarter and matching preliminary estimates. It is the fastest growth since the second quarter of 2013, mainly driven by household consumption.

Households’ consumption expenditure increased by 0.9 percent after a 0.2 percent rise in the previous quarter. Government expenditure grew by 0.5 percent, the same rate as in the preceding quarter. Total gross fixed capital formation decreased by 0.1 percent, following a 0.4 percent fall in the preceding quarter. Final domestic demand (excluding changes in inventories) contributed for +0.6 points to GDP growth (after +0.2 points at the end of 2014).

Imports accelerated by 2.6 percent, following a 1.8 percent rise in the December quarter. Exports grew by 1.1 percent, slowing from a 2.8 percent in the previous quarter). 

Year-on-year, the GDP grew by 0.8 percent in the first quarter of 2015, better than a 0.7 percent increase initially estimated and after showing no growth in the previous period.

INSEE l Rida Husna l rida@tradingeconomics.com
6/24/2015 8:53:54 AM


Recent Releases

French GDP Growth Fastest in 2-Years
The French economy advanced 0.6 percent in the first quarter of 2015, picking up from a revised stagnation in October to December period and beating market forecasts. It is the fastest expansion since the second quarter of 2013, mainly driven by consumption expenditure.  
Published on 2015-05-13

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.
Published on 2015-03-26

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


France GDP Last Previous Highest Lowest Unit
GDP 2829.19 2810.25 2923.47 62.65 USD Billion [+]
GDP Growth Rate 0.60 0.10 7.70 -5.00 percent [+]
GDP Annual Growth Rate 0.82 0.03 12.50 -3.95 percent [+]
GDP Constant Prices 519396.00 516227.00 519396.00 68907.00 EUR Million [+]
GDP per capita 35669.59 34140.57 35669.59 11154.40 USD [+]
Gross Fixed Capital Formation 110080.00 110191.00 121444.00 11800.00 EUR Million [+]
GDP per capita PPP 37217.53 35969.10 37217.53 29290.04 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]