Current Account in France

France Current Account (EUR bn) | Economic News & Forecasts

France - Current Account (billions of Euros)

GDP growth stagnated in quarter-on-quarter terms in Q1 due to a contraction in private spending. Turning to Q2, the war in Ukraine is taking a toll on the economy: Record-high inflation and subdued consumer confidence in April is likely to keep a lid on household consumption. Similarly, business confidence moderated further in May. That said, the composite PMI rose to a four-year high in April and remained upbeat in May, bolstered by the loosening of pandemic-related restrictions. In politics, Emmanuel Macron appointed Élisabeth Borne as the prime minister on 16 May after a cabinet reshuffle. Lastly, in a recent report, the European Commission said that France had successfully managed the pandemic crisis, but had strained public finances as a result. In order to ensure sustainability of public finances, the Commission recommended that France simplifies its pension system.

France - Current Account (EUR bn) Data

2015   2016   2017   2018   2019  
Current Account Balance (EUR bn)-8.1  -10.9  -17.6  -13.2  -16.2  

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France Current Account (EUR bn) Chart

France Current Account
Note: Current account balance as % of GDP.
Source: Bank of France and FocusEconomics calculations.

France Facts

Value Change Date
Bond Yield0.080.46 %Jan 01
Exchange Rate1.120.65 %Dec 31

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