France GDP Annual Growth Rate

The Gross Domestic Product (GDP) in France contracted 0.40 percent in the first quarter of 2013 over the same quarter of the previous year. Historically, from 1979 until 2013, France GDP Annual Growth Rate averaged 1.83 Percent reaching an all time high of 4.90 Percent in September of 1988 and a record low of -3.90 Percent in March of 2009. France is the fifth largest economy in the world and the second largest in the Euro Area. Services are the biggest sector of the economy and account for 79 percent of total GDP. Within services the most important segments are: wholesale and retail trade, transportation, accommodation and food services (19 percent of total GDP); real estate activities (13.2 percent); public administration, defence and social security (8 percent); education (6 percent); health (6 percent); information and communication (5 percent) and financial and insurance services (5 percent). Industry accounts for 19 percent of GDP. Within industry, the manufacturing, mining and quarrying segment represents 12.8 percent and construction accounts for 6 percent of total GDP. Agriculture contributes 2 percent to GDP. Yet, France is the second largest exporter of agricultural products in the world. This page includes a chart with historical data for France GDP Annual Growth Rate.