Current Account in France

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

France - Current Account (billions of Euros)

President Emmanuel Macron delivered a much-watched mea culpa in mid-December as he set out to extinguish the so-called ‘yellow vest’ protests that erupted in response to a proposed fuel-tax hike. In his efforts to mollify protestors, he offered a handful of concessions; raising the minimum wage and slashing some taxes could push next year’s fiscal deficit well beyond the EU-mandated threshold of 3.0% of GDP but appears to have brought the situation under control. Analysts applauded the centrist politician’s resolve to keep alive his reform agenda by introducing sweeteners rather than backtracking entirely on badly-needed labor-market changes, although most acknowledged the president’s weaker footing from here on out. The protests are expected to bruise fourth-quarter economic activity, confirmed by survey-based data for November, and follow the third quarter’s consumption- and investment-driven bump.

France - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)-10.8  -20.6  -8.1  -16.9  -13.1  

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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 Yield0.630.46 %Jan 16
Exchange Rate1.140.65 %Jan 16
Stock Market4,811-0.29 %Jan 16

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