Markets Actual Q2 Q3 Q4 Q1 2020
Currency 1.12 1.11 1.11 1.1 1.1 1.08
Stock Market (points) 5367.62 5141 5081 5022 4964 4849
Government Bond 10Y (%) 0.09 0.22 0.24 0.25 0.27 0.3
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.30 0.3 0.4 0.4 0.3 0.4
GDP Annual Growth Rate (%) 1.20 1.2 1.4 1.3 1.5 1.6
Unemployment Rate (%) 8.70 8.6 8.5 8.1 7.8 7.2
Inflation Rate (%) 0.90 1.1 1.6 1.5 1.8 2
Inflation Rate Mom (%) 0.10 0.2 -0.3 0.5 0.4 0.4
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Balance of Trade (EUR Million) -4981.00 -4800 -4900 -4140 -3950 -3350
Current Account (EUR Million) -846.00 -2100 -1720 -590 -2600 -550
Current Account to GDP (%) -0.30 -0.4 -0.4 -0.4 -0.2 -0.2
Government Debt to GDP (%) 98.40 98.6 98.6 98.6 98.2 98.2
Government Budget (% of GDP) -2.50 -3.2 -3.2 -3.2 -2.7 -2.7
Business Confidence (Index Points) 104.00 104 101 100 102 105
Manufacturing PMI 50.60 50.4 51.5 52 52.5 53.6
Services PMI (Index Points) 51.50 51.9 51.2 52 52.7 54
Consumer Confidence (Index Points) 99.00 94 92 91 92 95
Retail Sales MoM (%) 0.40 -0.3 0.7 0.5 0.4 0.4
Corporate Tax Rate (%) 33.30 33.3 33.3 33.3 33.3 33.3
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.30 0.3 0.4 0.4 0.3 0.4
GDP Annual Growth Rate (%) 1.20 1.2 1.4 1.3 1.5 1.6
GDP (USD Billion) 2582.50 2890 2890 2890 2920 2920
GDP Constant Prices (EUR Million) 576535.00 576585 579491 580931 583808 590226
Gross Fixed Capital Formation (EUR Million) 133186.00 132251 133795 134028 134767 136172
GDP per capita (USD) 42567.74 43200 43200 43200 43600 43600
GDP per capita PPP (USD) 38605.67 39700 39700 39700 40400 40400
GDP From Agriculture (EUR Million) 8358.00 7921 7925 7930 7971 8057
GDP From Construction (EUR Million) 28008.00 28285 28258 28261 28289 28713
GDP From Manufacturing (EUR Million) 57379.00 58461 58777 58784 59245 59725
GDP From Services (EUR Million) 294856.00 293201 295129 296299 298030 301040
GDP From Transport (EUR Million) 22521.00 22838 23212 23270 23503 23642
GDP From Utilities (EUR Million) 12148.00 12712 12636 12695 12918 12898
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 8.70 8.6 8.5 8.1 7.8 7.2
Unemployed Persons (Thousand) 3372.90 3362 3348 3340 3340 3290
Employment Rate (%) 66.10 65.8 65.9 66.1 66.1 66.6
Long Term Unemployment Rate (%) 3.30 3.2 3.2 3 3 3
Youth Unemployment Rate (%) 20.10 18.6 18.2 18 18 17.6
Labour Costs (Index Points) 107.50 109 109 109 109 110
Wages (EUR/Month) 2988.00 3016 3010 3016 3016 3034
Wages in Manufacturing (Index Points) 102.20 102 102 103 103 103
Minimum Wages (EUR/Month) 1521.22 1521 1521 1521 1650 1650
Wage Growth (%) 0.20 0.6 0.4 0.6 0.6 0.6
Population (Million) 67.19 67.55 67.55 67.43 67.67 67.67
Retirement Age Women 62.00 62 62 62 62 62
Retirement Age Men 62.00 62 62 62 62 62
Initial Jobless Claims (Thousand) -9.70 -7.6 -46.2 -4.4 20.5 -6
Labor Force Participation Rate (%) 72.30 72.5 72.5 72.6 72.6 72.8
Manufacturing Payrolls (Thousand) 2780.90 2790 2780 2780 2790 2820
Living Wage Family (EUR/Month) 1790.00 1760 1757 1801 1801 1812
Living Wage Individual (EUR/Month) 1080.00 1056 1054 1086 1086 1093
Non Farm Payrolls (Thousand) 25330.50 25340 25400 25450 25450 25640
Nonfarm Payrolls Private (Thousand) 19538.30 19580 19610 19650 19650 19790
Employment Change (%) 0.20 0.3 0.3 0.4 0.3 0.5
Government Payrolls (Thousand) 5792.20 5790 5790 5800 5750 5850
Wages Low Skilled (EUR/Month) 1610.00 1589 1586 1620 1620 1629
Wages High Skilled (EUR/Month) 3120.00 3481 3474 3139 3139 3158
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 0.90 1.1 1.6 1.5 1.8 2
Inflation Rate Mom (%) 0.10 0.2 -0.3 0.5 0.4 0.4
Consumer Price Index CPI (Index Points) 104.33 105 105 105 106 107
Core Consumer Prices (Index Points) 102.40 102 103 103 103 105
Core Inflation Rate (%) 0.50 0.6 1.1 1.1 1.2 1.5
Producer Prices (Index Points) 103.60 104 106 106 107 108
Producer Prices Change (%) 2.20 1.9 2.1 2.4 2.4 2.3
Food Inflation (%) 2.30 2.4 2.3 2.2 2.2 2.5
CPI Housing Utilities (Index Points) 105.16 104 106 106 107 109
CPI Transportation (Index Points) 107.75 108 108 108 108 110
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 0.00 0 0 0 0.25 0.75
Interbank Rate (%) -0.31 -0.31 -0.31 -0.31 -0.06 -0.06
Money Supply M2 (EUR Million) 2228717.00 2250000 2290000 2320000 2320000 2420000
Banks Balance Sheet (EUR Million) 9594382.00 9550000 9610000 9650000 9650000 9780000
Loans to Private Sector (EUR Million) 2535799.00 2580000 2600000 2620000 2620000 2860000
Loan Growth (%) 5.93 3.6 3.4 3.2 3.2 3.2
Private Debt to GDP (%) 257.13 221 221 221 217 217
Central Bank Balance Sheet (EUR Million) 1105815.00 1370000 1400000 1450000 1450000 1750000
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (EUR Million) -4981.00 -4800 -4900 -4140 -3950 -3350
Current Account (EUR Million) -846.00 -2100 -1720 -590 -2600 -550
Current Account to GDP (%) -0.30 -0.4 -0.4 -0.4 -0.2 -0.2
Imports (EUR Million) 47288.00 47400 48140 48500 49100 50500
Exports (EUR Million) 42308.00 42600 43240 44360 45150 47150
External Debt (EUR Million) 5104284.00 5150000 5170000 5190000 5190000 5250000
Foreign Direct Investment (EUR Million) 4074.00 1500 3460 3720 3720 4330
Gold Reserves (Tonnes) 2436.00 2436 2436 2436 2436 2436
Tourism Revenues (EUR Million) 5235.00 4950 4790 2680 2680 2750
Tourist Arrivals (Thousand) 86900.00 85700 85700 85700 86200 86200
Crude Oil Production (BBL/D/1K) 16.00 15 15 15 15 15
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 98.40 98.6 98.6 98.6 98.2 98.2
Government Budget (% of GDP) -2.50 -3.2 -3.2 -3.2 -2.7 -2.7
Government Budget Value (EUR Billion) -67.20 -58 -73 -65 207 -62
Government Spending (EUR Million) 136607.00 137463 137954 138370 138796 140584
Government Spending to GDP (%) 56.00 55.7 55.7 55.7 54.4 54.4
Government Revenues (EUR Billion) 88.72 170 247 322 322 327
Government Debt (EUR Billion) 2315.30 2400 2410 2420 2440 2470
Fiscal Expenditure (EUR Billion) 134.56 228 320 387 115 389
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 33.30 33.3 33.3 33.3 33.3 33.3
Personal Income Tax Rate (%) 45.00 45 45 45 45 45
Social Security Rate (%) 59.20 59.2 59.2 59.2 59.2 59.2
Social Security Rate For Companies (%) 45.00 45 45 45 45 45
Social Security Rate For Employees (%) 14.20 14.2 14.2 14.2 14.2 14.2
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 104.00 104 101 100 102 105
Manufacturing PMI 50.60 50.4 51.5 52 52.5 53.6
Services PMI (Index Points) 51.50 51.9 51.2 52 52.7 54
Composite Pmi (Index Points) 51.20 51.5 51.5 52 52.6 53.8
Industrial Production (%) 1.10 2.9 2.5 2.2 2.2 2.3
Industrial Production Mom (%) 0.40 -0.2 0.2 0.6 0.6 0.4
Manufacturing Production (%) 0.50 2.5 2.2 1.9 1.9 2.2
Zew Economic Sentiment Index -4.20 11.5 15.7 19 19 22
Car Registrations 174776.00 186500 191500 195100 195100 199400
Mining Production (%) -0.80 2.7 2.6 2.5 2.5 2.2
Steel Production (Thousand Tonnes) 1287.57 1500 1400 1300 1300 1380
Changes In Inventories (EUR Million) 4160.00 6000 7500 5100 4500 4500
Electricity Production (Gigawatt-hour) 53382.00 41500 41500 56200 56200 56800
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 99.00 94 92 91 92 95
Retail Sales MoM (%) 0.40 -0.3 0.7 0.5 0.4 0.4
Retail Sales YoY (%) 3.10 4.2 3.8 3.6 3.6 2.7
Consumer Spending (EUR Million) 310707.00 311107 312965 312692 314455 317695
Disposable Personal Income (EUR Million) 364984.00 358378 361476 365983 370459 371838
Households Debt To Income (%) 93.29 84.6 84.6 84.6 83.5 83.5
Personal Spending (%) 0.80 -0.3 0.5 0.7 0.7 0.6
Bank Lending Rate (%) 1.73 1.77 1.77 1.77 2.02 2.02
Consumer Credit (EUR Million) 1420470.00 1374424 1395843 1416721 1432695 1439389
Gasoline Prices (USD/Liter) 1.83 1.68 1.64 1.6 1.56 1.56
Housing Actual Q2 Q3 Q4 Q1 2020
Construction Output (%) 6.20 2.5 2.3 2.2 2.2 2.1
Housing Index (Index points) 108.50 109 110 111 111 115
Housing Starts (units) 30200.00 37100 37400 47800 47800 50300
Home Ownership Rate (%) 64.40 63.2 63.2 63.2 63 63
New Home Sales (Units) 30863.00 34800 32400 34500 28500 40200
Construction Pmi 50.30 52.5 53.4 54.2 54.2 54
Building Permits 35400.00 45400 46900 40200 45200 45100


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.