Since 2008, and despite the beginning of the financial and economic crisis, France’s GDP has increased gradually. In 2023, the GDP of France reached ***** billion euros, compared to ******* billion euros in 2008. However, with the economic crisis caused by the coronavirus pandemic, it had fallen by almost ***** percent by 2020. Member of the European Union and of the G7, France is one of the leading industrialized country worldwide and in Europe. In 2024, the country's GDP amounted to ******* billion euros. A GDP that is expected to increase in the coming years For a few years now, the GDP of France has increased every year. Only 2009 and 2020 marked a decline in GDP compared to the previous year. Studies have shown that the GDP of France is supposed to increase in the years to come. In 2028, the GDP of France is expected to reach ***** billion U.S dollars. Projections of the real GDP of the country have also shows that it is supposed to grow by between *** and **** percent from 2023 to 2028. An economy that is doing better According to World Bank, services contributed to more than ** percent of the GDP of France. France is ranked in the top 20 export countries worldwide, despite a share of the industry sector in the GDP which has declined in the past years. The country has seen its number of exporting companies rising since 2016, with ****** billion U.S dollars worth of goods which were exported from France that year. France had a total business economy annual turnover of *** trillion euros in 2020 and its employment rate has remained steady in the past years.

With a Gross Domestic Product of over 4.18 trillion Euros, the German economy was by far the largest in Europe in 2023. The similarly sized economies of the United Kingdom and France were the second and third largest economies in Europe during this year, followed by Italy and Spain. The smallest economy in this statistic is that of the small Balkan nation of Montenegro, which had a GDP of 5.7 billion Euros. In this year, the combined GDP of the 27 member states that compose the European Union amounted to approximately 17.1 trillion Euros. The big five Germany’s economy has consistently had the largest economy in Europe since 1980, even before the reunification of West and East Germany. The United Kingdom, by contrast, has had mixed fortunes during the same period and had a smaller economy than Italy in the late 1980s. The UK also suffered more than the other major economies during the recession of the late 2000s, meaning the French economy was the second largest on the continent for some time afterward. The Spanish economy was continually the fifth-largest in Europe in this 38-year period, and from 2004 onwards, has been worth more than one trillion Euros. The smallest GDP, the highest economic growth in Europe Despite having the smallerst GDP of Europe, Montenegro emerged as the fastest growing economy in the continent, achieving an impressive annual growth rate of 4.5 percent, surpassing Turkey's growth rate of 4 percent. Overall,this Balkan nation has shown a remarkable economic recovery since the 2010 financial crisis, with its GDP projected to grow by 28.71 percent between 2024 and 2029. Contributing to this positive trend are successful tourism seasons in recent years, along with increased private consumption and rising imports. Europe's economic stagnation Malta, Albania, Iceland, and Croatia were among the countries reporting some of the highest growth rates this year. However, Europe's overall performance reflected a general slowdown in growth compared to the trend seen in 2021, during the post-pandemic recovery. Estonia experienced the sharpest negative growth in 2023, with its economy shrinking by 2.3% compared to 2022, primarily due to the negative impact of sanctions placed on its large neighbor, Russia. Other nations, including Sweden, Germany, and Finland, also recorded slight negative growth.

Key information about France Nominal GDP

• France Nominal GDP reached 689.4 USD bn in Dec 2022, compared with 668.7 USD bn in the previous quarter.
• Nominal GDP in France is updated quarterly, available from Mar 1957 to Dec 2022, with an average number of 285.2 USD bn.
• The data reached an all-time high of 781.2 USD bn in Jun 2008 and a record low of 13.5 USD bn in Mar 1959.

CEIC converts quarterly Nominal GDP into USD. National Institute of Statistics and Economic Studies provides Nominal GDP in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about France Nominal GDP

• In the latest reports, France GDP expanded 0.5 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 4.7 % in Dec 2022.
• France GDP Per Capita reached 43,359.8 USD in Dec 2021.
• Its Gross Savings Rate was measured at 14.2 % in Dec 2017.
• For Nominal GDP contributions, Investment accounted for 26.4 % in Dec 2022.
• Public Consumption accounted for 23.8 % in Dec 2022.
• Private Consumption accounted for 54.1 % in Dec 2022.

France FR: GDP: Linked Series data was reported at 2,642,713.000 EUR mn in 2022. This records an increase from the previous number of 2,500,870.000 EUR mn for 2021. France FR: GDP: Linked Series data is updated yearly, averaging 1,848,151.000 EUR mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 2,642,713.000 EUR mn in 2022 and a record low of 1,053,546.000 EUR mn in 1990. France FR: GDP: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s France – Table FR.World Bank.WDI: Gross Domestic Product: Nominal. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

The European Union is comprised of 27 member states who share the European Single Market, a common trade area which ensures the free movement of goods, services, capital, and people. As of 2024, the largest economies in the EU were Germany, France, Italy, Spain, and the Netherlands, with these countries making up the vast majority of the EU's almost 17 trillion Euro GDP. The relatively small island member states of Cyprus and Malta come in at the bottom of the list, with GDPs of around 23 and 33 billion Euros respectively.

Key information about France GDP Deflator Growth

• France GDP deflator (implicit price deflator) increased 5.5 % in Mar 2023, compared with an increase of 4.6 % in the previous quarter.
• France GDP Deflator Growth data is updated quarterly, available from Mar 1950 to Mar 2023, with an average rate of 2.6 %.
• The data reached an all-time high of 24.6 % in Dec 1951 and a record low of -1.0 % in Jun 2021.

CEIC calculates GDP Deflator Growth from quarterly Nominal and Real GDP. National Institute of Statistics and Economic Studies provides Nominal GDP in EUR and Real GDP in EUR, at chain linked 2014 prices.


Related information about France GDP Deflator Growth

• In the latest reports, France GDP expanded 0.9 % YoY in Mar 2023.
• Its Nominal GDP reached 736.3 USD bn in Mar 2023.
• France GDP Per Capita reached 40,533.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 14.2 % in Dec 2017.

Key information about France Real GDP Growth

• The Gross Domestic Product (GDP) in France expanded 0.9 % YoY in Mar 2023, following a growth of 0.6 % in the previous quarter.
• Real GDP Growth YoY data in France is updated quarterly, available from Mar 1950 to Mar 2023, with an average rate of 2.8 %.
• The data reached an all-time high of 17.8 % in Jun 2021 and a record low of -18.0 % in Jun 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The National Institute of Statistics and Economic Studies provides Real GDP in EUR, at chain linked 2014 prices.


Related information about France Real GDP Growth

• In the latest reports, Nominal GDP of France reached 736.3 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.5 % in Mar 2023.
• GDP Per Capita in France reached 40,533.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 14.2 % in Dec 2017.
• For Nominal GDP contributions, Investment accounted for 26.1 % in Mar 2023.
• Public Consumption accounted for 23.3 % in Mar 2023.
• Private Consumption accounted for 54.1 % in Mar 2023.

The statistic shows the growth of the real gross domestic product (GDP) in the European Union and the Euro area from 2019 to 2023, with projections up until 2029. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2022, the GDP in the European Union increased by about 3.61 percent compared to the previous year. Growth trends in the EU compared to the euro area The euro area, which is also called the eurozone, is an economic and monetary union (EMU) which includes 19 of the 27 European Union member states which have formally adopted the euro. Those countries include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Member states which have not yet adopted the euro include Bulgaria, Croatia, Czechia, Denmark, Hungary, Poland, Romania, Sweden and the United Kingdom. Additionally, there is the so-called Schengen Area, which is composed of EU and non-EU states, and has been established mainly to facilitate travelling in Europe. While some countries, such as Kosovo and Montenegro have adopted the euro unilaterally, they are not formally part of the eurozone. Others have established a monetary agreement with the EU to use the euro, such as Andorra, Monaco, San Marino and the Vatican, but they do not form part of the official euro area. As can be seen in the chart, annual GDP growth slumped in 2012 and 2013, presumably as a result of the global financial crisis, in both the EU and the euro area. In 2013, growth began increasing ever so slightly and in 2014 the EU regained a bit of stability. However, overall recovery in the EU has been relatively moderate and gradual; growth throughout the EU has been slightly better than in the euro area and is projected to remain slightly better for the foreseeable future. Relatively new member states such as Romania and Czechia, which have not yet adopted the euro, reported the highest annual growth rates in the EU in 2015, and generally, new member states show slightly better growth rates. Also, unemployment has been slightly higher in the euro area compared to the EU for the last ten years (267906). The unemployment rate also remains relatively high for both the EU and the euro area. As for public spending as a share of GDP, these figures are slightly higher in the euro area than in the EU as a whole. The member states with the highest national debt include the United Kingdom, Italy, France and Germany - some of the oldest members of the euro area. The national debt of the euro area is slightly higher than the national debt of the EU as a whole, underlining the economic situation of both areas.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

France FR: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data was reported at 1,422,384.000 EUR mn in 2022. This records an increase from the previous number of 1,317,107.000 EUR mn for 2021. France FR: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data is updated yearly, averaging 1,002,371.000 EUR mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 1,422,384.000 EUR mn in 2022 and a record low of 581,620.000 EUR mn in 1990. France FR: GDP: Final Consumption Expenditure: Households and NPISHs: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s France – Table FR.World Bank.WDI: Gross Domestic Product: Nominal. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

The GDP per capita in France was the highest in the Ile-de-France region with more than ****** euros per inhabitant. The Hauts-de-France region was the Metropolitan region with the lowest GDP per capita, slightly more than ****** euros.

Key information about France Private Consumption: % of GDP

• France Private Consumption accounted for 54.3 % of its Nominal GDP in Dec 2024, compared with a ratio of 54.8 % in the previous quarter.
• France Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2024, with an average share of 54.5 %.
• The data reached an all-time high of 57.6 % in Dec 1982 and a record low of 51.7 % in Jun 2021.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Eurostat provides Private Consumption Expenditure in EUR and Nominal GDP in EUR.


Related information about France Private Consumption: % of GDP

• In the latest reports, France GDP expanded 0.9 % YoY in Mar 2023.
• Its Nominal GDP reached 736.3 USD bn in Mar 2023.
• France GDP Per Capita reached 40,533.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 14.2 % in Dec 2017.

FR: GDP: Gross Value Added at Basic Prices data was reported at 2,536,590.000 EUR mn in 2023. This records an increase from the previous number of 2,371,278.400 EUR mn for 2022. FR: GDP: Gross Value Added at Basic Prices data is updated yearly, averaging 989,696.150 EUR mn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 2,536,590.000 EUR mn in 2023 and a record low of 40,663.341 EUR mn in 1960. FR: GDP: Gross Value Added at Basic Prices data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s France – Table FR.World Bank.WDI: Gross Domestic Product: Nominal. Gross value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. Data are in current local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

The city of Paris in France had an estimated gross domestic product of 757.6 billion Euros in 2021, the most of any European city. Paris was followed by the spanish capital, Madrid, which had a GDP of 237.5 billion Euros, and the Irish capital, Dublin at 230 billion Euros. Milan, in the prosperous north of Italy, had a GDP of 228.4 billion Euros, 65 billion euros larger than the Italian capital Rome, and was the largest non-capital city in terms of GDP in Europe. The engine of Europe Among European countries, Germany had by far the largest economy, with a gross domestic product of over 4.18 trillion Euros. The United Kingdom or France have been Europe's second largest economy since the 1980s, depending on the year, with forecasts suggesting France will overtake the UK going into the 2020s. Germany however, has been the biggest European economy for some time, with five cities (Munich, Berlin, Hamburg, Stuttgart and Frankfurt) among the 15 largest European cities by GDP. Europe's largest cities In 2023, Moscow was the largest european city, with a population of nearly 12.7 million. Paris was the largest city in western Europe, with a population of over 11 million, while London was Europe's third-largest city at 9.6 million inhabitants.

Key information about France Market Capitalization: % of GDP

• France Market Capitalization accounted for 127.9 % of its Nominal GDP in Dec 2023, compared with a percentage of 134.1 % in the previous year
• France Market Capitalization: % Nominal GDP is updated yearly, available from Dec 1975 to Dec 2023
• The data reached an all-time high of 134.1 % in Dec 2022 and a record low of 5.1 % in Dec 1982

CEIC calculates annual Market Capitalization as % of Nominal GDP from monthly Market Capitalization and annual Nominal GDP. Euronext provides Market Capitalization in EUR. National Institute of Statistics and Economic Studies provides Nominal GDP in EUR. Market Capitalization as % of Nominal GDP prior to 2022 is calculated from Market Capitalization based on old methodology. Market Capitalization as % of Nominal GDP prior to 2004 is sourced from the World Bank

Key information about France Investment: % of GDP

• France Investment accounted for 21.5 % of its Nominal GDP in Dec 2024, compared with a ratio of 21.8 % in the previous quarter.
• France investment share of Nominal GDP data is updated quarterly, available from Mar 1980 to Dec 2024, with an average ratio of 22.0 %.
• The data reached an all-time high of 27.6 % in Mar 1980 and a record low of 17.9 % in Dec 1993.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Eurostat provides Nominal Gross Capital Formation in EUR and Nominal GDP in EUR.


Related information about France Investment: % of GDP

• In the latest reports, France GDP expanded 0.9 % YoY in Mar 2023.
• France Nominal GDP reached 736.3 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.5 % in Mar 2023.
• France GDP Per Capita reached 40,533.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 14.2 % in Dec 2017.

France FR: Gross National Income: Linked Series data was reported at 2,685,835.000 EUR mn in 2022. This records an increase from the previous number of 2,557,211.000 EUR mn for 2021. France FR: Gross National Income: Linked Series data is updated yearly, averaging 1,885,128.000 EUR mn from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 2,685,835.000 EUR mn in 2022 and a record low of 1,057,215.000 EUR mn in 1990. France FR: Gross National Income: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s France – Table FR.World Bank.WDI: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in local currency, at current prices.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

Key information about France Public Consumption: % of GDP

• France Public Consumption accounted for 24.2 % of its Nominal GDP in Dec 2024, compared with a share of 24.3 % in the previous quarter.
• France Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2024, with an average number of 23.3 %.
• The data reached an all-time high of 27.5 % in Jun 2020 and a record low of 20.9 % in Jun 1980.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Eurostat provides Government Consumption Expenditure in EUR and Nominal GDP in EUR.


Related information about France Public Consumption: % of GDP

• In the latest reports, France GDP expanded 0.9 % YoY in Mar 2023.
• France Nominal GDP reached 736.3 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.5 % in Mar 2023.
• France GDP Per Capita reached 40,533.9 USD in Dec 2022.
• Its Gross Savings Rate was measured at 14.2 % in Dec 2017.
• For Nominal GDP contributions, Investment accounted for 21.5 % in Dec 2024.
• Private Consumption accounted for 54.3 % in Dec 2024.