Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 6644.41 6460 6284 6113 5947 5628
Currency 1.18 1.18 1.17 1.17 1.16 1.15
Government Bond 10Y (%) 0.03 0 0 0 0 0
1 Month Bill Yield (%) -0.65 0.03 0.06 0.1 0.13 0.15
2 Year Note Yield (%) -0.68 0.02 0.03 0.05 0.07 0.07
20 Year bond Yield (%) 0.48 0.41 0.45 0.5 0.55 0.66
30 Year bond-Yield (%) 0.86 0.8 0.85 0.91 0.97 1.1
7 Year Note Yield (%) -0.33 0.03 0.07 0.11 0.16 0.19

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.10 3.6 1.6 0.9 0.7 0.5
GDP Annual Growth Rate (%) 18.70 2 4.5 5 6.2 2.5
Unemployment Rate (%) 8.00 8.2 8.5 8.8 8.7 8.3
Inflation Rate (%) 1.90 2.1 2.3 1.6 1.2 1.4
Inflation Rate Mom (%) 0.60 -0.3 0.4 0.5 0.4 0.5
Interest Rate (%) 0.00 0 0 0 0 0
Balance of Trade (EUR Million) -6957.00 -4650 -2650 -4480 -4300 -3330
Current Account (EUR Million) -3470.00 -2480 -780 -1870 -2000 -640
Current Account to GDP (% of GDP) -1.90 -1.7 -1.7 -1.2 -1.2 -1.2
Government Debt to GDP (% of GDP) 115.70 117 117 115 115 115
Government Budget (% of GDP) -9.20 -11.5 -11.5 -4.7 -4.7 -4.7
Business Confidence (points) 110.00 108 107 105 106 105
Manufacturing PMI (points) 57.50 55.1 54.5 54 54.4 55
Services PMI (points) 56.30 55.7 55.1 53.6 54 54.8
Consumer Confidence (points) 99.00 97 101 104 105 107
Retail Sales MoM (%) -0.70 -1.2 0.6 0.9 0.7 0.5
Corporate Tax Rate (%) 26.50 26.5 33.3 26.5 26.5 26.5
Personal Income Tax Rate (%) 45.00 45 45 45 45 45

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 1.10 3.6 1.6 0.9 0.7 0.5
GDP Annual Growth Rate (%) 18.70 2 4.5 5 6.2 2.5
GDP (USD Billion) 2603.00 2690 2690 2820 2820 2820
GDP Constant Prices (EUR Million) 564170.00 575158 582836 585895 599149 597407
Gross Fixed Capital Formation (EUR Million) 140040.00 135628 142443 143662 148722 146004
GDP per capita (USD) 40520.65 42600 42600 43400 43400 43400
GDP per capita PPP (USD) 42025.62 45600 45600 46340 46340 46340
GDP From Agriculture (EUR Million) 7861.00 8223 8352 8302 8348 8560
GDP From Construction (EUR Million) 27497.00 27086 27675 28082 29202 28367
GDP From Manufacturing (EUR Million) 56492.00 55950 58480 59571 59995 59942
GDP From Services (EUR Million) 284735.00 290315 292454 293303 302389 299765
GDP From Transport (EUR Million) 18637.00 18247 17953 18605 19792 18402
GDP From Utilities (EUR Million) 12661.00 12503 13176 13104 13446 13506

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 8.00 8.2 8.5 8.8 8.7 8.3
Employed Persons (Thousand ) 28455.00 28100 28150 28200 28250 28400
Unemployed Persons (Thousand) 3359.80 3410 3490 3520 3470 3650
Employment Rate (%) 66.90 66.5 66.6 66.8 66.7 66.9
Long Term Unemployment Rate (%) 2.50 2.7 3 3.3 3.2 3.1
Youth Unemployment Rate (%) 18.60 18.8 19.1 19.4 19.3 19.2
Labour Costs (points) 105.70 105 106 106 106 106
Wages (EUR/Month) 3137.00 3146 3052 3153 3150 3172
Wages in Manufacturing (points) 106.40 106 104 106 107 107
Wage Growth (%) 0.60 0.4 0.5 0.4 0.5 0.6
Minimum Wages (EUR/Month) 1554.58 1555 1555 1610 1610 1610
Population (Million) 67.29 67.41 67.41 67.75 67.75 67.75
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Labor Force Participation Rate (%) 72.70 72.5 72.7 72.8 72.7 72.5
Initial Jobless Claims (Thousand) -57.80 25 -18 -40 -40 -30
Non Farm Payrolls (Thousand) 25682.10 25690 25620 25660 25600 25690
Nonfarm Payrolls Private (Thousand) 19842.40 19890 19840 19860 19800 19880
Employment Change (%) -0.20 0.3 0.4 0.5 0.4 0.6

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.90 2.1 2.3 1.6 1.2 1.4
Inflation Rate Mom (%) 0.60 -0.3 0.4 0.5 0.4 0.5
Consumer Price Index CPI (points) 107.05 107 107 107 108 109
Harmonised Consumer Prices (points) 108.38 108 108 109 109 110
Core Consumer Prices (points) 104.87 104 105 105 105 106
Core Inflation Rate (%) 1.50 1 1.2 1.1 1.2 1.4
Producer Prices (points) 108.50 105 111 110 110 109
Producer Prices Change (%) 8.60 5.1 3.2 3.4 2.5 2.2
Food Inflation (%) 1.30 0.5 1 1.2 1.4 1.7
CPI Housing Utilities (points) 109.45 107 108 109 109 110
CPI Transportation (points) 110.92 106 109 110 111 110

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 0.00 0 0 0 0 0
Interbank Rate (%) -0.50 -0.5 -0.5 -0.5 -0.5 -0.5
Banks Balance Sheet (EUR Million) 11217395.00 11320000 11470000 11520000 11550000 11570000
Loans to Private Sector (EUR Million) 2874485.00 2903006 2932202 2954784 2980841 3061219
Loan Growth (%) 4.64 3.6 4 3.4 3.7 4.4
Private Debt to GDP (%) 263.50 272 272 268 268 268
Central Bank Balance Sheet (EUR Million) 1914909.00 1795000 1780000 1776000 1795000 1850000

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (EUR Million) -6957.00 -4650 -2650 -4480 -4300 -3330
Current Account (EUR Million) -3470.00 -2480 -780 -1870 -2000 -640
Current Account to GDP (% of GDP) -1.90 -1.7 -1.7 -1.2 -1.2 -1.2
Imports (EUR Million) 47613.00 47550 47800 47960 48000 49100
Exports (EUR Million) 40655.00 42900 43250 43480 43700 45770
External Debt (EUR Million) 6284593.00 6442000 6323000 6384000 6422000 6461000
Foreign Direct Investment (EUR Million) 1645.00 2890 3620 3420 2870 2520
Tourism Revenues (EUR Million) 5077.00 3890 2990 3020 4170 3470
Tourist Arrivals (Thousand) 363.00 2200 1980 2340 2100 2000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 115.70 117 117 115 115 115
Government Budget (% of GDP) -9.20 -11.5 -11.5 -4.7 -4.7 -4.7
Government Budget Value (EUR Billion) -166.64 -138 -140 -33 -83 -116
Government Spending (EUR Million) 139174.00 142000 145000 148000 147000 147000
Government Spending to GDP (% of GDP) 62.10 61 61 56 56 56
Government Revenues (EUR Billion) 156.02 184 306 79 143 324
Government Debt (EUR Billion) 2739.20 2680 2650 2710 2730 2790
Fiscal Expenditure (EUR Billion) 304.52 322 446 112 226 440

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 26.50 26.5 33.3 26.5 26.5 26.5
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 68.00 68 59.2 68 68 68
Social Security Rate For Companies (%) 45.00 45 45 45 45 45
Social Security Rate For Employees (%) 23.00 23 14.2 23 23 23

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 110.00 108 107 105 106 105
Manufacturing PMI (points) 57.50 55.1 54.5 54 54.4 55
Services PMI (points) 56.30 55.7 55.1 53.6 54 54.8
Composite PMI (points) 55.90 55.4 53.6 54 54.2 54.6
Industrial Production (%) 4.00 5.9 5.1 2.8 3.6 2.9
Industrial Production Mom (%) 0.30 -1 0.6 0.9 0.7 0.6
Manufacturing Production (%) 4.00 6.8 5.5 4.2 4.5 3.2
Car Registrations 88065.00 171200 192200 185900 248700 205200
Mining Production (%) 4.50 6.7 5.2 4.4 4.9 3.6
Business Climate Indicator (points) 110.00 109 111 112 109 107

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 99.00 97 101 104 105 107
Retail Sales MoM (%) -0.70 -1.2 0.6 0.9 0.7 0.5
Retail Sales YoY (%) 7.80 3.8 4.5 4 4.8 3.6
Consumer Spending (EUR Million) 297700.00 317668 307930 309497 316157 315628
Disposable Personal Income (EUR Million) 384394.00 382198 398894 400267 408226 408867
Personal Savings (%) 21.38 14.7 14.4 14 14.3 13.6
Households Debt To GDP (% of GDP) 68.70 68 68 65 65 65
Households Debt To Income (%) 98.12 101 101 98 98 98
Personal Spending (%) -2.20 -1.2 0.6 1.2 0.7 0.7
Bank Lending Rate (%) 1.41 1.41 1.41 1.41 1.41 1.41
Consumer Credit (EUR Million) 1600948.00 1558901 1621489 1639045 1683869 1662026
Gasoline Prices (USD/Liter) 1.94 1.84 1.75 1.66 1.58 1.5

Housing Actual Q3 Q4 Q1 Q2 2022
Construction Output (%) 3.80 6.8 6.2 2.8 3.6 3.2
Housing Index (points) 120.15 128 126 127 128 130
Home Ownership Rate (%) 64.10 62.8 62.8 62.5 62.5 62.5
Housing Starts (units) 31500.00 32400 39400 29100 36200 41400
New Home Sales (Units) 30162.00 24500 32200 30600 33800 38200
Building Permits 46100.00 31400 39100 36800 34800 42100
Construction PMI (points) 44.90 52.8 52.5 53.4 54 54.7


This page has economic forecasts for France including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the France economy.