France GDP Growth Rate  1949-2017 | Data | Chart | Calendar | Forecast

France GDP advanced 0.2 percent quarter-on-quarter in the September quarter of 2016, compared to a 0.1 percent contraction in the three months to June and in line with second estimate, final figure showed. Growth was driven by private consumption, government spending and investment while net external demand contributed negatively to the economy. Year-on-year, the GDP grew by 1.0 percent, slower than a 1.3 percent expansion in the second quarter and slightly less than second estimate of a 1.1 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.

France GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-28 05:30 AM Q3 0.2% -0.1% 0.3% 0.2%
2016-11-29 07:45 AM Q3 0.2% -0.1% 0.2% 0.2%
2016-12-23 07:45 AM Q3 0.2% -0.1% 0.2% 0.2%
2017-01-31 06:30 AM Q4 0.2% 0.4%
2017-02-28 07:45 AM Q4 0.2% 0.4%
2017-03-24 07:45 AM Q4 0.2% 0.4%




France GDP Growth Matches Expectations in Q3


France GDP advanced 0.2 percent quarter-on-quarter in the September quarter of 2016, compared to a 0.1 percent contraction in the three months to June and in line with second estimate, final figure showed. Growth was driven by private consumption, government spending and investment while net external demand contributed negatively to the economy.

In the third quarter, household consumption grew by 0.1 percent, after showing no increase in the previous quarter. Government expenditure rose 0.3 percent, compared to 0.4 percent rise in the preceding quarter. Total gross fixed capital formation rose 0.3 percent, following a stagnation in the June quarter. Final domestic demand (excluding changes in inventories) contributed 0.2 points to GDP growth.

Exports increased by 0.7 percent, faster than a 0.1 percent rise in the second quarter. Imports also went up 2.5 percent, following a 1.5 percent contraction in the preceding quarter. The foreign trade balance contributed negatively to the economy (-0.6 points after +0.5 points in the second quarter).  In contrast, changes in inventories contributed positively: +0.6 points after -0.8 points in the June quarter.

Year-on-year, the GDP grew by 1.0 percent, slower than a 1.3 percent expansion in the second quarter and slightly less than second estimate of a 1.1 percent growth.

Insee l Rida Husna | rida@tradingeconomics.com
12/23/2016 11:56:11 AM



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 -0.10 7.70 -5.00 percent [+]
GDP Annual Growth Rate 1.00 1.30 12.50 -3.80 percent [+]
GDP 2418.84 2839.16 2923.47 62.65 USD Billion [+]
GDP Constant Prices 530297.00 529185.30 530297.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 115696.00 115125.00 121266.00 11800.00 EUR Million [+]
GDP per capita 41533.87 41204.01 41699.17 12992.04 USD [+]
GDP per capita PPP 37305.69 37052.66 37638.99 29423.93 USD [+]
GDP From Agriculture 7649.00 8026.00 8615.00 2165.00 EUR Million [+]
GDP From Construction 24251.00 23980.00 30489.00 6440.00 EUR Million [+]
GDP From Manufacturing 53669.00 53795.00 54517.00 7291.00 EUR Million [+]
GDP From Services 273870.00 272947.00 273870.00 26222.00 EUR Million [+]
GDP From Transport 22745.00 22473.00 22745.00 1600.00 EUR Million [+]
GDP From Utilities 10858.00 11263.00 12750.00 535.00 EUR Million [+]



France GDP Growth Rate Notes

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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 -0.10 7.70 -5.00 1949 - 2016 percent Quarterly



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