France's quarterly economic growth was revised lower to 0.3 percent in the three months to September 2018, compared to a near one-year high of 0.4 percent previously estimated and following a 0.2 percent growth in the previous period. The negative contribution from inventory changes was bigger than initially thought. GDP Growth Rate in France averaged 0.78 percent from 1949 until 2018, 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 0.50 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 0.40 in 12 months time. In the long-term, the France GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

France GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-21 06:45 AM GDP Growth Rate QoQ Final 0.2% 0.2% 0.2% 0.2%
2018-10-30 06:30 AM GDP Growth Rate QoQ 1st Est 0.4% 0.2% 0.2% 0.4%
2018-11-29 07:45 AM GDP Growth Rate QoQ 2nd Est 0.4% 0.2% 0.4% 0.4%
2018-12-21 07:45 AM GDP Growth Rate QoQ Final 0.3% 0.2% 0.4% 0.4%
2019-01-30 06:30 AM GDP Growth Rate QoQ 1st Est 0.3% 0.5% 0.8%
2019-02-28 07:45 AM GDP Growth Rate QoQ 2nd Est 0.3% 0.5%
2019-03-26 06:45 AM GDP Growth Rate QoQ Final 0.3% 0.8%



French Q3 GDP Growth Revised Lower to 0.3%

France's quarterly economic growth was revised lower to 0.3 percent in the three months to September 2018, compared to a near one-year high of 0.4 percent previously estimated and following a 0.2 percent growth in the previous period. The negative contribution from inventory changes was bigger than initially thought.

Final domestic demand added 0.5 percentage points to the GDP growth in the third quarter and net foreign demand added 0.3 percentage points, while changes in inventories subtracted 0.4 percentage points (vs 0.3 percentage points in early estimates).

Within domestic demand, household consumption grew by 0.4 percent in the three months to September, rebounding from a 0.1 percent contraction in the second quarter. It was the steepest increase in private spending in a year as consumption of goods bounced back significantly, in particular energy and food, and that of services accelerated slightly. In services, transport expenses bounced back markedly after a significant decline in Q2 due to strikes in rail transport. In addition, fixed investment increased by 0.9 percent, following a 0.8 percent advance in the previous quarter, boosted by corporate investment, notably investment in IT activities and information services, as well as in automotive. Also, government expenditure went up 0.2 percent, after a 0.3 percent rise in the prior quarter. 

Exports surged 0.3 percent, after being unchanged in the second quarter; while imports fell 0.6 percent, compared to a 0.6 percent increase in the previous period.

Year-on-year, the economy expanded 1.4 percent in the third quarter, easing from an upwardly revised 1.7 percent growth in the previous three-month period.


INSEE | Joana Ferreira | joana.ferreira@tradingeconomics.com
12/21/2018 8:21:16 AM



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 8.00 -5.30 percent [+]
GDP Annual Growth Rate 1.40 1.70 12.60 -3.80 percent [+]
GDP 2582.50 2465.13 2918.38 62.65 USD Billion [+]
GDP Constant Prices 571355.00 569556.00 571355.00 66592.00 EUR Million [+]
Gross Fixed Capital Formation 131776.00 130630.00 131776.00 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 7813.00 7824.00 8645.00 2105.00 EUR Million [+]
GDP From Construction 27913.00 27998.00 33579.00 7105.00 EUR Million [+]
GDP From Manufacturing 58035.00 57816.00 58316.00 7643.00 EUR Million [+]
GDP From Services 291311.00 289854.00 291311.00 26341.00 EUR Million [+]
GDP From Transport 22930.00 22602.00 22930.00 1629.00 EUR Million [+]
GDP From Utilities 12499.00 12566.00 15243.00 658.00 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 8.00 -5.30 1949 - 2018 percent Quarterly
SA




Country Last Previous
United States 3.40 Sep/18
Indonesia 3.09 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Singapore 1.60 Dec/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
Australia 0.30 Sep/18
France 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Argentina -0.70 Sep/18
Turkey -1.10 Sep/18


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