France GDP Growth Rate

Last Release

Dec 31, 2023

Actual

0.1

Units In

0.1

Frequency

Quarterly

Next Release

May 31, 2024

Time to Release

2 Months 30 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
18.6 Sep 2020	-13.5 Jun 2020	0.75 %	1949-2023	N/A

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.

Latest Updates

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.