Current Account in France

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

France - Current Account (billions of Euros)

Quarter-on-quarter GDP growth in Q3 was confirmed at 0.5%, indicating that economic activity is on a steady growth track and should close the year at one of the fastest rates in years on the back of a rebound in annual fixed investment and industrial production growth. Recent indicators for the fourth quarter suggest that economic activity is picking up steam. In November, business confidence reached a ten-year high on the back of higher production expectations, while declining unemployment and growing optimism on France’s economic outlook pushed consumer confidence higher. Increased optimism on the economy was also reflected in the latest PMI reading for December, which saw the indicator recording one of the sharpest rates of expansion in the survey’s history as client demand soared. Higher demand volumes in the private sector are feeding into the labor market, which is resulting in the fastest employment growth in over 17 years. Likewise, the unemployment rate dipped in November to the lowest rate since December 2011.

France - Current Account (EUR bn) Data

2012  2013  2014  2015  2016  
Current Account Balance (EUR bn)-44.0  -28.0  -23.0  -10.0  -19.0  

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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

Bond Yield0.480.46 %Dec 06
Exchange Rate1.180.65 %Dec 06
Stock Market5,374-0.29 %Dec 06

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