GDP reading: GDP growth moderated to 2.5% in seasonally adjusted annualized rate terms (SAAR) in the final quarter of 2024...
Economic Growth in France
France's GDP growth from 2013-2022 was modest, reflecting broader European economic trends. The country faced structural challenges, including high unemployment and rigid labor markets, which limited growth potential, though the Macron government introduced some liberalizing economic reforms. The economy experienced a sharp downturn due to the COVID-19 pandemic but saw a gradual recovery in 2021-2022, supported by government stimulus.
The French economy recorded average real GDP growth of 1.1% in the decade to 2022, below the 1.4% average for the Euro Area. In 2022, real GDP growth was 2.5%. For more GDP information, visit our dedicated page.
France GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for France from 2024 to 2023.
Source: Macrobond.
France GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (Real GDP, ann. var. %) | -7.6 | 6.8 | 2.6 | 1.1 | 1.1 |
| GDP (EUR bn) | 2,317 | 2,506 | 2,654 | 2,826 | 2,922 |
| Economic Growth (Nominal GDP, ann. var. %) | -4.8 | 8.1 | 5.9 | 6.5 | 3.4 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects French GDP projections for the next ten years from a panel of 55 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for French GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our French GDP projections.
Want to get access to the full dataset of French GDP forecasts? Send an email to info@focus-economics.com.
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