Current Account in France

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

France - Current Account (billions of Euros)

Available data suggests the recovery cooled at the end of Q3, after a likely post-lockdown rebound at the end of Q2. Industrial production growth lost notable traction in July–August, while consumer confidence remained below its long-term average in the quarter, likely weighing on household spending. Turning to Q4, the composite PMI retreated further into contractionary territory in October amid a surge in new Covid-19 cases. Meanwhile, to halt the spread of the virus, the authorities imposed a nighttime curfew in Paris and eight other hotspot areas in mid-October, which was then extended to several other regions on 24 October and set to last for six weeks. In other news, in mid-October, the government presented its draft 2021 budget, accounting for the EUR 100 billion recovery package unveiled in September. The budget foresees a public deficit of 10.2% of GDP in 2020 and 6.7% of GDP in 2021.

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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