Current Account in France

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

France - Current Account (billions of Euros)

Incoming data suggests the country’s recession deepened in the second quarter, after the economy contracted at the sharpest rate on record in the first quarter. Amid social distancing measures and the suspension of non-essential activities, the unemployment rate rose to an over one-year high in April, while household and capital spending are set to have plunged as hinted by a marked deterioration in business and consumer sentiment in Q2. Moreover, industrial production plummeted in April and merchandise exports fell by nearly half in the same month, while the collapse in international travel is hammering the important tourism sector. On a brighter note, the composite PMI returned to positive territory in June as easing restrictions and the reopening of most European borders stoked sentiment among manufacturers and service providers. That said, demand conditions remain dire and employment metrics continue to worsen.

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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