France's economy shrank by a record 18.9 percent year-on-year in the second quarter of 2020, entering a steep recession, as coronavirus-induced lockdowns hit activity and consumption.
GDP Annual Growth Rate in France averaged 3.04 percent from 1950 until 2020, reaching an all time high of 12.60 percent in the second quarter of 1969 and a record low of -18.90 percent in the second quarter of 2020. This page provides the latest reported value for - France GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. France GDP Annual Growth Rate - values, historical data and charts - was last updated on October of 2020. source: INSEE, France
GDP Annual Growth Rate in France is expected to be -10.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in France to stand at 15.10 in 12 months time. In the long-term, the France GDP Annual Growth Rate is projected to trend around 2.70 percent in 2021 and 1.90 percent in 2022, according to our econometric models.