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.