France GDP Growth Rate

Last Release

Dec 31, 2024

Actual

-0.1

Units In

0.4

Frequency

Quarterly

Next Release

May 28, 2025

Time to Release

27 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
18.6 Sep 2020	-13.5 Jun 2020	0.74 %	1949-2024	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 grew by 0.1% qoq in Q1 of 2025, reversing a 0.1% contraction in Q4 but falling short of market expectations for a 0.2% increase, flash data showed. Inventory changes contributed positively to the GDP (0.5 ppts), while final domestic demand made no contribution, and net trade remained a drag. Household consumption was flat (vs 0.2% in Q4), as a decline in goods purchases was offset by higher spending on services. At the same time, government expenditure slowed (0.1% vs 0.4%). Meanwhile, fixed investment shrank further (-0.2% vs -0.1%), weighed down by weakness in construction and manufactured goods. Exports fell sharply (-0.7% vs 0.2%), despite U.S. President Trump's announcement of a three-month tariff pause for most countries, with French officials viewing his trade policy as unpredictable. Meanwhile, imports continued to rise (0.4% vs 0.5%). On a yearly basis, the economy advanced 0.8%, matching an upwardly revised Q4 figure and slightly beating consensus of 0.7%.