Current Account in France

France Current Account | Economic News & Forecasts

France - Current Account

The economy expanded at the fastest quarterly pace in more than three decades in the third quarter, mainly due to stronger private and public consumption growth. Private spending was buoyed by a tighter labor market and more upbeat consumer sentiment. Less positively, fixed investment contracted marginally in the period, despite a rise in business confidence. Turning to Q4, the economic backdrop has deteriorated. The government recently tightened travel restrictions for unvaccinated arrivals, which could weigh on activity. Moreover, while authorities have so far ruled out another lockdown, tougher restrictions for unvaccinated people remain under consideration. Furthermore, consumer sentiment turned pessimistic in October, which, coupled with rising price pressures, bodes ill for household consumption. In addition, the PMI cooled further, despite rising business confidence in the same month.

France - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-0.4  -0.5  -0.7  -0.6  -0.7  

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France Current Account 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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