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

2 Months 26 Days 9 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 contracted 0.1% in Q4 2024, confirming preliminary estimates and reversing a 0.4% expansion in Q3. This marks the first contraction since Q1 2023, partly due to the post-Olympics slowdown following the economic boost from the Paris Olympic and Paralympic Games. Household consumption growth slowed (+0.3% vs. +0.6% in Q3), as service consumption declined (-0.1% vs. +0.8%) while goods consumption rose at a weaker pace (+0.2% vs. +0.4%). Meanwhile, fixed investment continued to decline (-0.1% vs. -0.7%), led by a sharper drop in construction investment. Net trade had a neutral impact on GDP, with exports and imports both rising 0.4%. Inventory changes weighed on growth, subtracting 0.3 percentage points (vs. a +0.3-point contribution in Q3). On an annual basis, the economy expanded 0.6%, slightly below the flash estimate of 0.7%, marking the slowest growth since the Q4 2020 contraction. For the full year, GDP grew 1.1%, matching 2023's pace.