The French economy grew 0.3 percent on quarter in the three months to March 2019, the same as in the previous period and matching a preliminary estimate and market expectations, final figures showed. Household consumption rose further while fixed investment eased and net foreign demand contributed negatively. GDP Growth Rate in France averaged 0.78 percent from 1949 until 2019, reaching an all time high of 8 percent in the third quarter of 1968 and a record low of -5.30 percent in the second quarter of 1968.

GDP Growth Rate in France is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in France to stand at 0.30 in 12 months time. In the long-term, the France GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

France GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-28 07:45 AM GDP Growth Rate QoQ 2nd Est 0.3% 0.3% 0.3% 0.3%
2019-03-26 07:45 AM GDP Growth Rate QoQ Final 0.3% 0.3% 0.3% 0.3%
2019-04-30 05:30 AM GDP Growth Rate QoQ 1st Est 0.3% 0.3% 0.3% 0.3%
2019-05-29 06:45 AM GDP Growth Rate QoQ Final 0.3% 0.4% 0.3% 0.3%
2019-07-30 05:30 AM GDP Growth Rate QoQ Prel 0.3% 0.3%
2019-08-29 06:45 AM GDP Growth Rate QoQ Final 0.3% 0.3%
2019-10-30 06:30 AM GDP Growth Rate QoQ Prel 0.4%



French Q1 GDP Growth Confirmed at 0.3%

The French economy grew 0.3 percent on quarter in the three months to March 2019, slowing from an upwardly revised 0.4 percent expansion in the previous period and matching a preliminary estimate and market expectations, final figures showed. Household consumption rose further while fixed investment eased and net foreign demand contributed negatively.

Within domestic demand, household consumption increased slightly (0.4 percent vs 0.3 percent in Q4), driven by expenditures on goods (0.6 percent vs -0.3 percent) and energy rose (0.7 percent vs -0.4 percent). On the other hand, consumption of food dropped sharply (-1.1 percent vs a flat reading) while expenditure on services was steady at 0.6 percent. In contrast, fixed investment advanced 0.5 percent, slowing from a 0.6 percent expansion in the previous quarter, as government expenditure went up 0.7 percent, after a 1 percent increase in the prior period; and non-financial corporations and unincorporated enterprises eased to 0.7 percent from 0.8 percent. Meantime, household investment was unchanged, following a 0.3 percent contraction in Q4. Additionally, general government expenditure rose 0.2 percent, lower than a 0.4 percent in the last quarter of 2018.

Exports edged up 0.4 percent (vs 2.0 percent in Q4), while imports grew at a faster 1.4 percent (vs 1.1 percent in Q4).

Year-on-year, the economy expanded 1.2 percent in the first quarter of 2019, the same pace as in the previous three-month period.


INSEE | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/29/2019 9:45:45 AM



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 8.00 -5.30 percent [+]
GDP Annual Growth Rate 1.20 1.20 12.60 -3.80 percent [+]
GDP 2582.50 2465.13 2918.38 62.65 USD Billion [+]
GDP Constant Prices 576535.00 574582.00 576535.00 66592.00 EUR Million [+]
Gross Fixed Capital Formation 133186.00 132498.00 133186.00 11871.00 EUR Million [+]
GDP per capita 42567.74 41968.98 42567.74 12991.27 USD [+]
GDP per capita PPP 38605.67 38062.64 38605.67 29514.85 USD [+]
GDP From Agriculture 8358.00 8312.00 8668.00 2105.00 EUR Million [+]
GDP From Construction 28008.00 27966.00 33611.00 7105.00 EUR Million [+]
GDP From Manufacturing 57379.00 57081.00 57585.00 7643.00 EUR Million [+]
GDP From Services 294856.00 293826.00 294856.00 26341.00 EUR Million [+]
GDP From Transport 22521.00 22313.00 22560.00 1629.00 EUR Million [+]
GDP From Utilities 12148.00 12074.00 15237.00 658.00 EUR Million [+]


France GDP Growth Rate

France is the seventh largest economy in the world and the second largest in the Euro Area. the biggest sector of the economy is household consumption (55 percent) followed by 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 8.00 -5.30 1949 - 2019 percent Quarterly
SA




Country Last Previous
Singapore 3.80 Mar/19
United States 3.10 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
South Africa -3.20 Mar/19


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