Current Account in France

France Current Account | Economic News & Forecasts

France - Current Account

The economy unexpectedly contracted in the fourth quarter of last year, after solidly expanding in the third quarter. The downturn chiefly reflected a third consecutive quarterly fall in inventories, as well as a slowdown in household spending as country-wide strikes against President Macron’s pension reform battered consumption. Moreover, fixed investment expanded at the slowest pace since Q1 2018 amid souring business confidence. Meanwhile, on 11 January, policymakers backtracked on increasing the retirement age for a full pension from 62 to 64 years of age, in an attempt to get worker unions behind overhauling the existing 42 pension schemes into one points-based system, which is expected to lower the fiscal burden in the long-term. The bill entered the National Assembly on 3 February, amid plummeting public support for the government.

France - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)-1.0  -0.4  -0.5  -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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