The value of the French Gross Domestic Product (GDP) has been reduced by several hundred billion euros between 2019 and 2020. In 2019, the total value of the wealth created on the French territory amounted to more than 2.400 billion euros. The coronavirus COVID-19 and the numerous sanitary measures put in place by the government to stop the pandemic has heavily impacted the French economy. In 2020, the GDP amounted to more than 2,200 billion euros. This is the first decrease in GDP recorded since 2014.

The Gross Domestic Product (GDP) in France contracted 0.10 percent in the fourth quarter of 2024 over the previous quarter. This dataset 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.

In 2020, consuming products produced in France seemed to be an important economic issue. Indeed, for the majority of the people interviewed, consuming local or French products was important in order to be able to support the French economy, which seem have been seriously affected by the global economic crisis. Only 13 percent of respondents disagreed with this idea.

France’s real Gross Domestic Product (GDP) registered one of its lowest growth in 2009 (-2.9 percent). One year after the 2008 financial crisis, France faced economic issues. The unemployment rate in the country went from 7.4 percent in 2008 up to 9.1 percent in 2009. Since then France’s GDP at current prices remained stable, being the second or third largest economy in Europe depending on the year. However, in 2020, during the economic crisis caused by the coronavirus pandemic, the gross domestic product decreases by 7.5 percent in volume. By 2022, it had re-increased by 2.6 percent

The evolution of France’s GDP

This graph shows that the real GDP in France reached its highest growth in 2021 with 6.9 percent and its lowest in 2020 with -7.4 percent. Apart from these two years and 2009, France’s GDP growth fluctuated between 0.3 and 3.9 percent. The GDP, which is an economic construct that measures a country’s production, is an important indicator of the economic strength of this country.

Public debt in France

Since 2007, the public debt of France continuously rose reaching 111 percent of the GDP in 2023. France appears to be one of the industrialized countries that borrowed the most abroad and has a public debt higher than the Euro Zone average. In absolute numbers, the country's debt amounted to approximately 3.3 trillion US dollars in 2023.

The Gross Domestic Product (GDP) in France was worth 3051.83 billion US dollars in 2023, according to official data from the World Bank. The GDP value of France represents 2.89 percent of the world economy. This dataset provides the latest reported value for - France GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Gross Domestic Product (GDP) in France expanded 0.60 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - France GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic depicts France's real gross domestic product (GDP) growth rate 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 2023, France's real GDP grew by about 1.12 percent compared to the previous year. Unemployment in France France has one of the largest economies in the world and is the second largest economy in the European Union, behind Germany, with whom France often partnered in order to support the structure of the European Union. France is also the fourth most populated country in Europe and has maintained slow population growth since the mid 2000s. Despite being not only a European but also a global economic power, France struggled with maintaining a low unemployment rate and experienced a significant increase in unemployment after the 2008 crash, just like many other prominent industrial countries. However, unlike these other nations, unemployment continued to rise well into the 2010s, while the employment situations in neighboring and international countries improved almost every year. The lack of working opportunities is related to the Eurozone crisis that primarily affected southern European countries, such as Spain, Portugal and Italy.

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.

France GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data was reported at -3.316 % in 30 Jan 2022. This records a decrease from the previous number of -3.214 % for 23 Jan 2022. France GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data is updated weekly, averaging -6.667 % from May 2020 (Median) to 30 Jan 2022, with 91 observations. The data reached an all-time high of -2.188 % in 14 Nov 2021 and a record low of -19.123 % in 10 May 2020. France GDP Counterfactual Tracker: % Change from Pre-Crisis Trend: Low data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s France – Table FR.OECD.WT: GDP Growth Tracker: Weekly.

Due to the outbreak of coronavirus (COVID-19), the gross domestic product of France could decrease by 11.4 to 14.1 percent in 2020. The largest decrease might be registered if a second wave of infections, with renewed lock-downs, hits the country before the end of 2020.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

France GDP Nowcast: swda: YoY: Contribution: Trade Statistics data was reported at 4.956 % in 13 Jan 2025. This records an increase from the previous number of 4.855 % for 06 Jan 2025. France GDP Nowcast: swda: YoY: Contribution: Trade Statistics data is updated weekly, averaging 5.019 % from Jan 2019 (Median) to 13 Jan 2025, with 315 observations. The data reached an all-time high of 15.522 % in 13 Jul 2020 and a record low of 0.000 % in 18 May 2020. France GDP Nowcast: swda: YoY: Contribution: Trade Statistics data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s France – Table FR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

France GDP: GVA: CL 2020p: Other Services (OS) data was reported at 82.335 EUR bn in 2023. This records an increase from the previous number of 79.770 EUR bn for 2022. France GDP: GVA: CL 2020p: Other Services (OS) data is updated yearly, averaging 36.193 EUR bn from Dec 1949 (Median) to 2023, with 75 observations. The data reached an all-time high of 82.335 EUR bn in 2023 and a record low of 13.790 EUR bn in 1949. France GDP: GVA: CL 2020p: Other Services (OS) data remains active status in CEIC and is reported by National Institute of Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.A024: ESA 2010: GDP: by Industry: Chain Linked 2020 Prices.

France GDP: HCE: CL 2020p: swda: Services: Tradable: Real Estate Services data was reported at 71.216 EUR bn in Dec 2024. This records an increase from the previous number of 70.981 EUR bn for Sep 2024. France GDP: HCE: CL 2020p: swda: Services: Tradable: Real Estate Services data is updated quarterly, averaging 35.448 EUR bn from Mar 1949 (Median) to Dec 2024, with 304 observations. The data reached an all-time high of 71.216 EUR bn in Dec 2024 and a record low of 6.386 EUR bn in Sep 1950. France GDP: HCE: CL 2020p: swda: Services: Tradable: Real Estate Services data remains active status in CEIC and is reported by National Institute of Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.A047: ESA 2010: GDP: Household Consumption Expenditure: Chain Linked 2020 Prices: Seasonally and Working Day Adjusted: Quarterly.

Graph and download economic data for Real Gross Domestic Product for France (CLVMNACSCAB1GQFR) from Q1 1980 to Q4 2024 about France, real, and GDP.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for France (DDDM05FRA156NWDB) from 1980 to 2020 about France, debt, securities, private, and GDP.

France debt to gdp ratio for 2022 was 98.66%, a 18.23% decline from 2021.

• France debt to gdp ratio for 2021 was 116.89%, a 6.29% decline from 2020.
• France debt to gdp ratio for 2020 was 123.17%, a 18.21% increase from 2019.
• France debt to gdp ratio for 2019 was 104.96%, a 3.34% increase from 2018.

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

France's economy suffered an absence of growth in the second and third quarters of 2024. In the third quarter of 2020 France experienced record setting growth of 17.5 percent, which itself followed the record 13.2 percent contraction in Q2 2020.

France GDP: Imports: swda: Industry: Manufactured Products (MP) data was reported at 160.704 EUR bn in Dec 2024. This records a decrease from the previous number of 160.931 EUR bn for Sep 2024. France GDP: Imports: swda: Industry: Manufactured Products (MP) data is updated quarterly, averaging 29.478 EUR bn from Mar 1949 (Median) to Dec 2024, with 304 observations. The data reached an all-time high of 175.304 EUR bn in Dec 2022 and a record low of 0.166 EUR bn in Mar 1949. France GDP: Imports: swda: Industry: Manufactured Products (MP) data remains active status in CEIC and is reported by National Institute of Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.A057: ESA 2010: GDP: Foreign Trade: Base 2020: Seasonally and Working Day Adjusted.

Full Year GDP Growth in France remained unchanged at 1.10 percent in 2024 from 1.10 percent in 2023. This dataset includes a chart with historical data for France Full Year GDP Growth.

France GDP: Imports: CL 2020p: swda: Services data was reported at 52.139 EUR bn in Dec 2024. This records a decrease from the previous number of 52.493 EUR bn for Sep 2024. France GDP: Imports: CL 2020p: swda: Services data is updated quarterly, averaging 10.649 EUR bn from Mar 1949 (Median) to Dec 2024, with 304 observations. The data reached an all-time high of 53.297 EUR bn in Jun 2023 and a record low of 1.089 EUR bn in Mar 1949. France GDP: Imports: CL 2020p: swda: Services data remains active status in CEIC and is reported by National Institute of Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.A060: ESA 2010: GDP: Foreign Trade: Chain Linked 2020 Prices: Seasonally and Working Day Adjusted.