The French economy advanced 0.3 percent on quarter in the three months to March 2019, the same pace as in the previous period and matching market expectations, the first estimate showed. Household consumption and fixed investment were the main drivers of growth while 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
2019-01-30 06:30 AM GDP Growth Rate QoQ 1st Est 0.3% 0.3% 0.1% 0.3%
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% 0.3% 0.3%
2019-07-26 05:30 AM GDP Growth Rate QoQ 1st Est 0.3%
2019-08-29 06:45 AM GDP Growth Rate QoQ Final 0.3%



French Q1 GDP Growth Holds Steady at 0.3%

The French economy advanced 0.3 percent on quarter in the three months to March 2019, the same pace as in the previous period and matching market expectations, a first estimate showed. Household consumption and fixed investment were the main drivers of growth while net foreign demand contributed negatively.

In the first quarter, both internal demand excluding inventory changes and changes in inventories contributed 0.3 points to the GDP growth, respectively; while net foreign trade contributed negatively (-0.3 points).

Within domestic demand, household consumption picked up (0.4 percent vs flat reading in Q4). Consumption of goods rebounded (0.2 percent vs -0.6 percent), mainly due to a rise in car purchase. Expenditures on energy rose (0.9 percent vs -0.3 percent) boosted by spending on fuel. Conversely, expenditures on food decreased sharply (-1.0 percent vs -0.2 percent). Meantime, consumption of services continued to rise (0.5 percent vs 0.6 percent), driven by spending on accomodation and food services. In addition, fixed investment went up 0.3 percent, following a 0.4 percent growth in the prior quarter as corporate investment growth accelerated slightly (0.5 percent vs 0.4 percent), as an increase in car purchases by businesses was almost offset by a decline in information, communication and business services. On the other hand, household investment kept falling, partly due to new housing (-0.3 percent vs -0.2 percent). Meanwhile, government expenditure advanced 0.1 percent, after a 0.4 percent rise in the previous period. 

Exports edged up 0.1 percent (vs 2.2 percent in Q4), while imports grew at a faster 0.9 percent (vs 1.2 percent in Q4).

Year-on-year, the economy expanded 1.1 percent in the first quarter, after a 1 percent expansion in the previous three-month period.


INSEE | Rida Husna | rida@tradingeconomics.com
4/30/2019 3:49:57 PM



France GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.30 8.00 -5.30 percent [+]
GDP Annual Growth Rate 1.10 1.00 12.60 -3.80 percent [+]
GDP 2582.50 2465.13 2918.38 62.65 USD Billion [+]
GDP Constant Prices 575180.00 573476.00 575180.00 66592.00 EUR Million [+]
Gross Fixed Capital Formation 132775.00 132308.00 132775.00 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 7853.00 7828.00 8645.00 2105.00 EUR Million [+]
GDP From Construction 27871.00 27898.00 33585.00 7105.00 EUR Million [+]
GDP From Manufacturing 58369.00 58030.00 58369.00 7643.00 EUR Million [+]
GDP From Services 293626.00 292497.00 293626.00 26341.00 EUR Million [+]
GDP From Transport 23156.00 22971.00 23156.00 1629.00 EUR Million [+]
GDP From Utilities 12727.00 12532.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.30 8.00 -5.30 1949 - 2019 percent Quarterly
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Country Last Previous
Singapore 3.80 Mar/19
United States 3.20 Mar/19
India 1.60 Dec/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
Saudi Arabia 1.07 Dec/18
Russia 0.80 Dec/18
Spain 0.70 Mar/19
Japan 0.50 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Australia 0.20 Dec/18
Italy 0.20 Mar/19
Switzerland 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Mexico -0.20 Mar/19
South Korea -0.30 Mar/19
Indonesia -0.52 Mar/19
Argentina -1.20 Dec/18
Turkey -2.40 Dec/18


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