France GDP Growth Rate 1978-2014 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in France expanded 0.3 percent in the third 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
0.30 -0.10 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 Sunday, November 23, 2014.


French Economy Expands 0.3% in Q3


The French economy advanced 0.3 percent in the third quarter of 2014, after a revised 0.1 percent contraction reported from April to June. Better than expected growth was driven by government expenditure and household spending while net exports and capital investment decreased.

Households’ consumption expenditure moderately increased (+0.2 percent after +0.3 percent). Government expenditure rose 0.8 percent, following a 0.5 percent expansion in the second quarter. Total gross fixed capital formation went down again (-0.6 percent after -0.8 percent). Final domestic demand (excluding changes in inventories) was still going up and contributed for +0.2 points to GDP growth (after 0.1 points in the Q2 of 2014).

Exports recovered (+0.5 percent after -0.1 percent) while imports accelerated (+1.1 percent after +0.3 percent). Consequently, the foreign trade balance contributed negatively to activity (-0.2 points after -0.1 points in the second quarter). Changes in inventories contributed positively to GDP growth (+0.3 points after - 0.1 points).

Year-on-year, the GDP grew 0.4 percent, following a 0.1 percent expansion in the previous period.

INSEE, contact@tradingeconomics.com
11/14/2014 8:20:08 AM


Recent Releases

French GDP Stalls in Q2
The French economy showed no growth in the second quarter of 2014, according to the final figures from INSEE and matching preliminary estimates. The GDP continued to stall during April to June period, following a stagnation in the first quarter, as gross fixed capital formation remained depressed while government consumption stayed flat. Published on 2014-09-23

French Economy Stagnates in Q2
French economy recorded no growth in the second quarter of 2014, after it was already flat in the first, according to the preliminary figures. While domestic demand increased, foreign trade and changes in inventories dragged the expansion down. Published on 2014-08-14


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-14 06:30 AM
GDP Growth Rate QoQ Prel  Q2 2014
0.0% 0.0% 0.1% 0.1%
2014-09-23 07:45 AM
GDP Growth Rate QoQ Final  Q2 2014
0.0% 0.0% 0.0% 0.0%
2014-11-14 06:30 AM
GDP Growth Rate QoQ - Prel  Q3 2014
0.3% -0.1% (R) 0.1% -0.08%
2014-12-23 07:45 AM
GDP Growth Rate QoQ - Final  Q3 2014
-0.1% 0.3%
2015-02-13 06:30 AM
GDP Growth Rate QoQ - Prel  Q4 2014
0.05%


France GDP Last Previous Highest Lowest Unit
GDP 2734.95 2611.22 2831.80 62.70 USD Billion [+]
GDP Growth Rate 0.30 -0.10 1.60 -1.70 percent [+]
GDP Annual Growth Rate 0.40 0.00 4.90 -4.30 percent [+]
GDP Constant Prices 515989.00 514567.00 515989.00 68907.00 EUR Million [+]
GDP per capita 34140.57 34250.17 34982.13 11154.40 USD [+]
Gross Fixed Capital Formation 109519.00 110233.00 111711.00 9036.00 EUR Million [+]
GDP per capita PPP 35969.10 36084.57 36855.65 29290.04 USD [+]