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

The Gross Domestic Product (GDP) in France stagnated in the second 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.

France GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.60 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. 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. Content for - France GDP Growth Rate - was last refreshed on Thursday, September 3, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 0.0% 0.7%(R) 0.2% 0.2%
2015-09-23 07:45 AM Q2 0.6% 0.0% 0.0%
2015-11-13 06:30 AM Q3 0.28%
2015-12-23 07:45 AM Q3


French GDP Stagnates in Q2


The French economy recorded no growth in the second quarter of 2015, following a revised 0.7 percent expansion in January to March period and missing market consensus. A rebound in net exports were unable to offset a decline in investment and a slowdown in household and government spending.

According to a preliminary report, households’ consumption expenditure decelerated sharply (+0.1 percent after +0.9 percent in the previous quarter). Government expenditure expanded by 0.3 percent, slowing from a 0.5 percent growth in the preceding quarter. In contrast, total gross fixed capital formation declined by 0.3 percent, after remaining flat in the March quarter. Final domestic demand (excluding changes in inventories) decelerated strongly, contributing +0.1 points to GDP growth (after +0.6 points in Q1 2015).

Exports expanded by 1.7 percent, accelerating from from a 1.3 percent expansion in the previous quarter. Imports grew 0.6 percent, slowing from a 2.2 percent growth in the first quarter of 2015. The foreign trade balance contributed positively to the economy (+0.3 points after -0.3 points in the previous quarter). In contrast, changes in inventories contributed negatively: -0.4 points after +0.3 points in the March quarter.

Year-on-year, the GDP grew 1.0 percent in the second quarter, accelerating from a 0.8 percent expansion in the previous period.

Insee l Rida Husna l rida@tradingeconomics.com
8/14/2015 6:58:37 AM


Recent Releases

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.
Published on 2015-06-24

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


France GDP Last Previous Highest Lowest Unit
GDP 2829.19 2810.25 2923.47 62.65 USD Billion [+]
GDP Growth Rate 0.00 0.60 7.70 -5.00 percent [+]
GDP Annual Growth Rate 1.00 0.82 12.50 -3.95 percent [+]
GDP Constant Prices 519796.00 519396.00 519796.00 68907.00 EUR Million [+]
GDP per capita 35669.59 35757.47 36075.58 11154.68 USD [+]
Gross Fixed Capital Formation 109964.00 110080.00 121444.00 11800.00 EUR Million [+]
GDP per capita PPP 37217.53 37309.22 37641.14 29476.13 USD [+]
GDP From Agriculture 8132.00 8169.00 8407.00 2165.00 EUR Million [+]
GDP From Construction 23512.00 23816.00 30474.00 6440.00 EUR Million [+]
GDP From Manufacturing 52856.00 52768.00 54491.00 7291.00 EUR Million [+]
GDP From Services 268622.00 268202.00 268622.00 26222.00 EUR Million [+]
GDP From Transport 22384.00 22254.00 22388.00 1600.00 EUR Million [+]
GDP From Utilities 10597.00 10797.00 12737.00 535.00 EUR Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.20 Jun/15 0.90 4.40 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Jun/15 -0.10 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.30 Jun/15 0.40 6.00 -3.00 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]