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

The Gross Domestic Product (GDP) in France expanded 0.6 percent in the first quarter of 2015 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.

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France GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.00 1.60 -1.70 1978 - 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 - 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 Monday, May 25, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-13 06:30 AM Q4 0.1% 0.3% 0.1% 0.1%
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%
2015-06-26 07:45 AM Q1 0.0% 0.6% 0.6%
2015-08-14 06:30 AM Q2 0.09%
2015-09-23 07:45 AM Q2


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.  

According to preliminary report from INSEE, households’ consumption expenditure surged by 0.8 percent in the first quarter, following a 0.1 percent growth in the previous period. Government expenditure expanded by 0.4 percent, slowing from a 0.5 percent growth in the preceding quarter. In contrast, total gross fixed capital formation declined by 0.2 percent, following a 0.4 percent contraction in the December quarter. Final domestic demand (excluding changes in inventories) markedly improved and contributed 0.5 points to GDP growth (after 0.1 points in the preceding quarter).

Exports expanded by 0.9 percent, slowing from a 2.5 percent expansion in the previous quarter while imports accelerated 2.3 percent, from a 1.5 percent growth in the last quarter of 2014. In fine, the foreign trade balance contributed negatively to activity (–0.5 points after +0.2 points in the previous quarter). In contrast, changes in inventories contributed positively: +0.5 points after –0.3 points at the end of 2014.

INSEE l Rida Husna l rida@tradingeconomics.com
5/13/2015 7:45:01 AM


Recent Releases

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 2734.95 2611.22 2831.80 62.70 USD Billion [+]
GDP Growth Rate 0.60 0.00 1.60 -1.70 percent [+]
GDP Annual Growth Rate 0.70 0.00 12.50 -3.92 percent [+]
GDP Constant Prices 518910.30 516050.30 518910.30 68907.00 EUR Million [+]
GDP per capita 34140.57 34250.17 34982.13 11154.40 USD [+]
Gross Fixed Capital Formation 109947.00 110168.00 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 1.30 Feb/15 1.50 2.50 1.40 percent [+]
Euro Area 0.40 Feb/15 0.30 1.30 -2.90 percent [+]
France 0.60 Feb/15 0.00 1.60 -1.70 percent [+]
Germany 0.30 Feb/15 0.70 2.10 -3.70 percent [+]
India 1.60 Nov/14 2.20 5.80 -1.90 percent [+]
Indonesia -0.18 Feb/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Feb/15 0.00 6.00 -3.50 percent [+]
Japan 0.60 Feb/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Feb/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.40 Feb/15 0.80 2.00 -2.20 percent [+]
Russia 0.00 Nov/14 0.00 4.10 -5.40 percent [+]
South Korea 0.80 Feb/15 0.30 6.80 -7.00 percent [+]
Spain 0.90 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 0.30 Feb/15 0.60 5.00 -2.70 percent [+]
United States 0.20 Feb/15 2.20 16.90 -10.00 percent [+]