The French economy expanded 18.7 percent on quarter in the third quarter of 2020, higher than initial estimates of 18.2 percent, and following a record 13.8 percent drop in the previous period. It is the biggest expansion ever, as the economy rebounds from the coronavirus pandemic and national lockdown. Revisions are mostly due to the integration of new data for September, especially for household consumption and investment in services. Household spending (17.9% vs 17.3%), government consumption (15.5% vs 15.4%), and investment (23.9% vs 23.3%) were all revised higher. In contrast, the contribution from net foreign trade was lower than initially anticipated (0.7 percentage points vs 1.2 percentage points). Still, GDP remained well below its pre-pandemic level and was down 3.9 percent over a year earlier, compared to initial estimates of a 4.3 percent drop. source: INSEE, France
GDP Growth Rate in France averaged 0.76 percent from 1949 until 2020, reaching an all time high of 18.70 percent in the third quarter of 2020 and a record low of -13.80 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
GDP Growth Rate in France is expected to be -3.20 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 1.40 in 12 months time. In the long-term, the France GDP Growth Rate is projected to trend around 1.10 percent in 2021 and 0.60 percent in 2022, according to our econometric models.