The French economy expanded 0.4% qoq in Q3 of 2024, accelerating from a 0.2% growth in Q1 and exceeding market forecasts of 0.3%, flash data showed. It was the strongest quarterly growth since Q4 of 2023, supported by positive contributions mainly from final domestic demand (0.2 ppts) following the Paris Olympics. Household consumption picked up (0.5% vs flat reading in Q2), with purchases of goods rebounding after falling in the prior three quarters, due to rises in other manufactured goods, food, and energy. Also, spending on information services accelerated. Simultaneously, government expenditure rose further (0.5% vs 0.5%). On the trade front, exports (-0.5% vs. 0.5%) and imports (-0.7% vs. 0.1%) declined, making a slight positive contribution to GDP. Meanwhile, a fall in fixed investment deepened (-0.8% vs -0.1%), due to a further drop in investment for manufactured goods and a slowdown in market service investment. Yearly, the economy grew 1.3%, faster than a 1.1% increase in Q2. source: INSEE, France

The Gross Domestic Product (GDP) in France expanded 0.40 percent in the third quarter of 2024 over the previous quarter. GDP Growth Rate in France averaged 0.75 percent from 1949 until 2024, reaching an all time high of 15.70 percent in the third quarter of 2020 and a record low of -12.30 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 November of 2024.

The Gross Domestic Product (GDP) in France expanded 0.40 percent in the third quarter of 2024 over the previous quarter. 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. 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
2024-08-30 06:45 AM QoQ Final Q2 0.2% 0.3% 0.3% 0.3%
2024-10-30 06:30 AM QoQ Prel Q3 0.4% 0.2% 0.3% 0.4%
2024-11-29 07:45 AM QoQ Final Q3 0.2% 0.4% 0.4%


Related Last Previous Unit Reference
Full Year GDP Growth 0.90 2.50 percent Dec 2023
GDP Growth Rate YoY 1.30 1.00 percent Sep 2024
GDP Constant Prices 650910.00 648561.00 EUR Million Sep 2024
GDP from Agriculture 8394.00 8519.00 EUR Million Sep 2024
GDP from Construction 29401.00 29417.00 EUR Million Sep 2024
GDP from Manufacturing 58619.00 58576.00 EUR Million Sep 2024
GDP from Services 342572.00 341206.00 EUR Million Sep 2024
GDP from Transport 25695.00 25914.00 EUR Million Sep 2024
GDP from Utilities 11969.00 11655.00 EUR Million Sep 2024
GDP Growth Rate 0.40 0.20 percent Sep 2024
Gross Fixed Capital Formation 140557.00 141751.00 EUR Million Sep 2024

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
0.40 0.20 15.70 -12.30 1949 - 2024 percent Quarterly
SA


News Stream
France Q3 GDP Growth Tops Estimates
The French economy expanded 0.4% qoq in Q3 of 2024, accelerating from a 0.2% growth in Q1 and exceeding market forecasts of 0.3%, flash data showed. It was the strongest quarterly growth since Q4 of 2023, supported by positive contributions mainly from final domestic demand (0.2 ppts) following the Paris Olympics. Household consumption picked up (0.5% vs flat reading in Q2), with purchases of goods rebounding after falling in the prior three quarters, due to rises in other manufactured goods, food, and energy. Also, spending on information services accelerated. Simultaneously, government expenditure rose further (0.5% vs 0.5%). On the trade front, exports (-0.5% vs. 0.5%) and imports (-0.7% vs. 0.1%) declined, making a slight positive contribution to GDP. Meanwhile, a fall in fixed investment deepened (-0.8% vs -0.1%), due to a further drop in investment for manufactured goods and a slowdown in market service investment. Yearly, the economy grew 1.3%, faster than a 1.1% increase in Q2.
2024-10-30
France Q2 GDP Grows Less than Initially Thought
The French economy expanded 0.2% quarter-on-quarter in the Q2 of 2024, revising lower than initial estimates and the previous quarter's 0.3% growth. There was a slowdown in government spending (0.4% vs 0.6% in Q1), while fixed investments continued to decline (-0.9% vs -1%), mainly as a result of a decrease in construction (-0.9%) and capital goods (-2.7%). Meanwhile, household consumption slightly recovered (0.1% vs -0.1%), driven by a rise in consumption of services (0.5%). Net trade also contributed positively to the GDP, with exports rising 0.4% (vs 0.6%), and imports increasing at a softer 0.1% (vs 0.1%). The contribution of inventory changes to the GDP growth was again zero during the quarter. On an annual basis, the economy grew 1%, revised down from the preliminary figure of 1.1%, and slowed from a 1.5% expansion in the previous period.
2024-08-30
France Q2 GDP Growth Beats Forecasts
The French economy expanded 0.3% qoq in Q2 of 2024, the same as an upwardly revised figure in Q1 but above market estimates of a 0.2% rise, preliminary data showed. It remained the strongest quarterly growth since Q2 of 2023, amid positive contributions from final domestic demand (0.1 ppts) and net trade (0.2 ppts). Household consumption was virtually stable (vs -0.1% in Q1) as purchases of goods stagnated while those of gas and electricity picked up due to a cooler spring. At the same time, government spending continued to rise (0.3% vs 0.6%). Fixed investment added 0.1% after falling 0.4% in Q1, helped by investment in market services, particularly information, and legal & scientific services, as investment in manufactured goods fell further (-1.0% vs -0.6%), namely transport equipment and capital goods. In the meantime, exports stayed solid (0.6% vs 0.7%) while imports were flat (vs -0.3% in Q1). Yearly, the economy grew by 1.1%, weaker than an upwardly revised 1.5% increase in Q1.
2024-07-30