The French economy rose 0.1% on quarter in the Q4 of 2023, compared to initial estimates and the previous period’s stagnant reading. Foreign trade contributed positively to the GDP, adding 0.9 percentage points, as exports stabilized (vs -0.7% in Q3) while imports fell 2.3% (vs -.4%). It was almost offset by the negative contribution from domestic demand (-0.1 pp), with fixed investments falling sharply (-0.9% vs 0.2%), particularly construction (-1.1% vs -0.4%) and information communication (-0.9% vs 0.7%); and household consumption stagnated, penalized by a decline in consumption of goods (-0.6% vs 0.6%). On a yearly basis, the GDP expanded 0.7%, up from a 0.6% growth in the previous period. For the full year, the economy rose 0.9% moderating from a robust 2.5% expansion in 2022. source: INSEE, France

The Gross Domestic Product (GDP) in France stagnated 0 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in France averaged 0.75 percent from 1949 until 2023, reaching an all time high of 17.50 percent in the third quarter of 2020 and a record low of -13.10 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 April of 2024.

The Gross Domestic Product (GDP) in France stagnated 0 percent in the fourth quarter of 2023 over the previous quarter. GDP Growth Rate in France is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the France GDP Growth Rate is projected to trend around 0.30 percent in 2025 and 0.40 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-01-30 06:30 AM QoQ Prel Q4 0% 0% 0% 0.0%
2024-02-29 07:45 AM QoQ Final Q4 0.1% 0% 0% 0.0%
2024-04-30 05:30 AM QoQ Prel Q1 0.1% 0.2%


Related Last Previous Unit Reference
Full Year GDP Growth 0.90 2.50 percent Dec 2023
GDP Growth Rate YoY 0.70 0.60 percent Dec 2023
GDP Constant Prices 593815.00 593504.00 EUR Million Dec 2023
GDP from Agriculture 8138.00 8113.00 EUR Million Dec 2023
GDP from Construction 26383.00 26604.00 EUR Million Dec 2023
GDP from Manufacturing 56961.00 56853.00 EUR Million Dec 2023
GDP from Services 312927.00 312723.00 EUR Million Dec 2023
GDP from Transport 19551.00 19695.00 EUR Million Dec 2023
GDP from Utilities 11408.00 11475.00 EUR Million Dec 2023
GDP Growth Rate 0.00 0.00 percent Dec 2023
Gross Fixed Capital Formation 144638.00 145886.00 EUR Million Dec 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.00 17.50 -13.10 1949 - 2023 percent Quarterly
SA

News Stream
French Economy Slightly Grows in Q4
The French economy rose 0.1% on quarter in the Q4 of 2023, compared to initial estimates and the previous period’s stagnant reading. Foreign trade contributed positively to the GDP, adding 0.9 percentage points, as exports stabilized (vs -0.7% in Q3) while imports fell 2.3% (vs -.4%). It was almost offset by the negative contribution from domestic demand (-0.1 pp), with fixed investments falling sharply (-0.9% vs 0.2%), particularly construction (-1.1% vs -0.4%) and information communication (-0.9% vs 0.7%); and household consumption stagnated, penalized by a decline in consumption of goods (-0.6% vs 0.6%). On a yearly basis, the GDP expanded 0.7%, up from a 0.6% growth in the previous period. For the full year, the economy rose 0.9% moderating from a robust 2.5% expansion in 2022.
2024-02-29
French Economy Stalls in Q4
The French economy showed no growth qoq in Q4 of 2023, staying the same from an upwardly revised figure in Q3 and matching market forecasts as a positive contribution from net trade offset drags from final domestic demand and inventory changes, preliminary data showed. Foreign trade added 1.2 points after subtracting 0.1 points in Q3, mainly due to a sharp drop in imports (-3.1% vs -0.4% in Q3) as exports were virtually muted (-0.1% vs -0.6%). Household consumption was subdued (-0.1 % vs 0.5%), amid lower purchases of foods (-1.1% vs 0.2%) and energy consumption (-2.5% vs 0.1%). Also, fixed investment shrank (-0.7% vs 0.2%), owing to declines in transport equipment investment, capital goods, and other manufactured products. Simultaneously, growth in government spending was unchanged (at 0.3%). Yearly, the economy expanded 0.7% in Q4, after a 0.6% growth in Q3. For the full year, the country's GDP increased by 0.9%, much softer than rises of 2.5% in 2022 and 6.4% in 2021.
2024-01-30
French Q3 GDP Unexpectedly Falls
The French economy fell 0.1% on quarter in the Q3 of 2023, compared to initial and market estimates of a 0.1% growth and following a 0.6% expansion in the previous period. It was the first economic downturn since the first quarter of 2022, as net trade contributed negatively to the GDP (-0.4 pp), with exports falling 1.0% (vs +2.5% in Q2), and imports grew 0.1% (vs +2.4%). Also, the contribution of inventory changes was negative (-0.2 pp vs +0.5 pp). Meanwhile, domestic demand added positively, as household consumption rebounded (+0.6% vs -0.1%), boosted by higher spending on goods (+0.6% vs -0.6%), particularly food and manufactured goods. At the same time, government spending accelerated (+0.5% vs +0.1%), while growth slowed for fixed investments (+0.2% vs +0.5%), due to a further decline from construction. On a yearly basis, the economy rose 0.6%, the weakest expansion in over two years.
2023-11-30