France GDP Growth Rate

Last Release

Dec 31, 2024

Actual

-0.1

Units In

0.4

Frequency

Quarterly

Next Release

Feb 28, 2025

Time to Release

28 Days 7 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 shrank 0.1% qoq in Q4 of 2024, missing market estimates of no growth and shifting from a 0.4% expansion in Q3, flash data showed. It was the first quarterly contraction since Q1 2022, amid political mire and the fading boost from the summer Olympics. Fixed investment stayed weak (-0.1% vs -0.3% in Q3), with a sharper fall in construction investment and rises in manufactured goods and market services investment. Meantime, household consumption slowed (0.4% vs. 0.6%), on subdued services spending; and government expenditure eased slightly (0.4% vs. 0.5%). Net trade remained a drag to the GDP (-0.2 ppts vs. -0.1 ppts) as exports fell a bit (-0.2% vs. -0.8%) but imports rebounded (0.4% vs -0.4%). Changes in inventories contributed negatively (-0.1 ppts vs. 0.2 ppts). Yearly, the economy grew by 0.7%, slowing from a 1.2% rise in Q3 and marking the softest pace since a contraction in Q4 of 2020. For the full year, France's GDP added 1.1%, matching the 2023 growth rate..