France GDP Growth Rate  1950-2016 | Data | Chart | Calendar | Forecast

The French economy advanced 0.5 percent quarter-on-quarter in the first quarter of 2016, compared to a 0.3 percent expansion in the three months to December 2015 and beating market estimates of a 0.4 percent growth, first estimate showed. It is the strongest expansion since the June quarter 2015 as a rebound in household spending and an increase in investment offset a slowdown in government expenditure and a decline in exports. year-on-year, the economy expanded 1.3 percent, following a 1.4 percent growth in the fourth quarter 2015. GDP Growth Rate in France averaged 0.79 percent from 1950 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. 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
0.50 0.30 7.70 -5.00 1950 - 2016 percent Quarterly
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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-26 07:45 AM Q4 0.3% 0.3% 0.2% 0.2%
2016-03-25 07:45 AM Q4 0.3% 0.4% 0.3% 0.3%
2016-04-29 05:30 AM Q1 0.5% 0.3% 0.4% 0.3%
2016-05-27 06:45 AM Q1 0.3% 0.5% 0.5%
2016-06-24 06:45 AM Q1 0.3%
2016-08-15 05:30 AM Q2 0.3%

France GDP Growth Strongest in 4 Quarters


France economy advanced 0.5 percent quarter-on-quarter in the first quarter of 2016, compared to a 0.5 percent expansion in the three months to December 2015 and beating market consensus of a 0.4 percent growth, first estimate showed. It is the strongest expansion since the June quarter 2015 as a rebound in household spending and an increase in investment offset a slowdown in government expenditure and a decline in exports.

In the first quarter of 2016, households final consumption expenditure grew by 1.2 percent (after -0.1 percent in the December quarter). Government expenditure rose 0.4 percent (from +0.5 percent). Total gross fixed capital formation increased by 0.9 percent (from +0.7 percent). non-financial corporations' investment rose 1.2 percent, as compared to a 0.5 percent rise in the preceding quarter. Final domestic demand excluding inventory changes accelerated and contributed for +0.9 points to GDP growth (after +0.2 points  in the December quarter).

In contrast, exports declined by 0.2 percent after gaining 1.0 percent in the final quarter of 2015. Imports grew by 0.5 percent, slowing from a 2.1 percent increase in the preceding three months.  That brought the foreign trade balance contributed negatively to the economy (-0.2 points after -0.4 points in the December quarter). Changes in inventories contributed negatively to GDP growth (-0.2 points after +0.5 points).

Year-on-year, the economy expanded 1.3 percent, following a 1.4 percent growth in the fourth quarter 2015.

Insee l Rida Husna | rida@tradingeconomics.com
4/29/2016 7:07:25 AM

France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.30 7.70 -5.00 percent [+]
GDP Annual Growth Rate 1.30 1.40 12.50 -3.95 percent [+]
GDP 2829.19 2810.25 2923.47 62.65 USD Billion [+]
GDP Constant Prices 526821.00 522982.00 526821.00 68907.00 EUR Million [+]
Gross Fixed Capital Formation 112630.10 111550.10 121453.00 11800.00 EUR Million [+]
GDP per capita 35669.59 35757.47 36075.58 11154.68 USD [+]
GDP per capita PPP 37217.53 37309.22 37641.14 29476.13 USD [+]
GDP From Agriculture 8053.00 8000.00 8407.00 2165.00 EUR Million [+]
GDP From Construction 23218.00 23475.00 30474.00 6440.00 EUR Million [+]
GDP From Manufacturing 53435.00 53338.00 54491.00 7291.00 EUR Million [+]
GDP From Services 272189.00 270130.00 272189.00 26222.00 EUR Million [+]
GDP From Transport 22584.00 22619.00 22619.00 1600.00 EUR Million [+]
GDP From Utilities 10885.00 10416.00 12737.00 535.00 EUR Million [+]




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