France – GDP 2014 Outlook

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  • 8/13/2019 France GDP 2014 Outlook

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    France GDP 2014 Outlook

    by Eduardo Petazze

    In the 1Q2014 GDP grew by 0.03% Q/Q. For the 2Q2014 is estimate a growth rate by 0.20% Q/Q

    For 2014 is expete! to grow aro"n! 0.#0% / 0.##% $rom 2013

    The following is a summary of our current estimate

    The Broad Stability Program 2014201!or!ing to the ann"a& stabi&ity program o$ go'ernment( Frane)s GDP wi&& grow by aro"n! 1.0% in 2014 an! 1.*% in 201#

    The 2014-2017 Stability Programme presents the strategy and medium-term path for public finances"ink#:

    $conomie- "e %rogramme de #tabilit& %d'( )* %age#

    Pre#entation %d'( + %age#

    ,illion -2010. euro# S/D 2011 2012 201 2014 20141 20142 2014 20144

    gri 7!"07 7!"#2 7!"72 7!"$# 7!"%% 7!44# 7!421 7!4#4

    &fg' "2!27( "2!7(0 "2!44( "2!747 "2!(4$ "2!$(# "2!%(" "2!7"2

    )nergy! water! waste 10!#$2 10!"%$ 10!44" 10!17# 10!1#% 10!#(" 10!4"1 10!###

    *onstruction 2%!124 2%!0#$ 2"!7$" 2"!"#0 2"!104 2"!1%0 2"!04$ 24!$"1

    +istributi,e trade 4$!1(% 4$!"01 4$!"%1 4$!(44 4$!(#$ 4$!(20 4$!("2 4(!172

    Transport 21!(%1 22!0#4 22!2$4 22!27" 22!#70 22!#($ 22!""0 22!%#1

    ccommodation and food ser,ice 12!4"# 12!4"" 12!40$ 12!#"4 12!41" 12!2%7 12!1%$ 12!0(%

    nformation and communication 2"!4## 2"!%#2 2"!4$0 2"!%1" 2"!7"1 2"!$#4 2"!7$0 2"!$10

    .inancial ser,ices 22!2$% 22!"2" 22!72( 22!$#1 22!$$7 22!(7" 2#!122 2#!2"#

    /eal estate "$!11# "$!#21 "$!41( "$!"41 "$!%00 "$!$0( "$!(%% "(!10#

    usiness Ser,ices "$!"20 "(!077 "(!10$ "(!1(( "(!17" "(!##0 "(!441 "(!"%#

    on-maret ser,ices 10"!14" 10"!70% 10"!$%$ 10%!1(7 10%!"70 10%!((2 107!274 107!"7#

    3ousehold ser,ices 1#!742 1#!7$% 1#!$22 1#!$1( 1#!$"2 1#!$$$ 1#!(1$ 1#!(2"G3/ 4*2(141 4*4()* 4*4()0 4*(+0+ 4**(12 4*!(0 4*!(!+* 4*+(4)*

    Taes 4$!(77 4(!21( 4$!($" 4(!0"$ 4$!%(4 4$!741 4$!71( 4$!7%(

    GDP 11(11+ 14(1+4 1()1 14(+** 1(00* 1*(044 1*(0 1!(2*

    *onsumption ependitures of households 270!%2" 271!274 270!(74 271!%21 270!2## 270!$4( 271!04$ 271!"04

    *onsumption ependitures of PS3s 10!#44 10!#%% 10!#(4 10!42( 10!4%( 10!"0# 10!"#2 10!"%1

    Public *onsumption ependiture 12#!%24 124!"(0 124!(7# 12"!%#( 12%!1$7 12%!$$7 127!442 12$!0%#

    5.*. 111!$$4 112!044 111!$02 111!%42 110!%#2 110!7$1 110!%(# 110!"#%

    Stocs (4 10( 2!#0$ "40 #!4"$ 1!$#7 2!2"0 1!%(1

    )ports 140!70% 144!"02 14#!(%2 14%!1(% 14%!%$( 147!$14 14$!202 14(!%0$

    mports 14%!2"( 14$!77% 1"0!4(2 1"1!20" 1"2!%"# 1"2!%2% 1"#!%%2 1"4!%($

    5 2011 2012 201 2014 20141 20142 2014 20144

    gri 0.32% 0.33% 0.#3% 0.1#% +0.22% +1.,3% +0.2-% 0.1%

    &fg' +0.1*% 0.-% +0.,#% 0 .#* % 0.3 % +0.10% +0.3% 0.11%

    )nergy! water! waste 0 .-- % 1.*- % +1.1,% +2.,0% +0.3,% 2.##% 0.##% +1.14%

    *onstruction +0 .1 2% +0 .3 3% +0 .- *% +0 .- -% +1 ., *% 0.22% +0.4#% +0.*-%

    +istributi,e trade 0.01% 0.,3% 0.12% 0.*-% +0.01% +0.04% 0.0,% 0.4#%

    Transport 0.10% 0.33% 1.13% +0.04% 0.43% 0.13% 0.,% 0.3,%

    ccommodation and food ser,ice +1.,4% 0.02% +0.3% +0.44% 0.4-% +1.1-% +0.0% +0.#-%

    nformation and communication +0.3% 0.*% +0.#-% 0.#3% 0.#3% 0.32% +0.21% 0.11%

    .inancial ser,ices 0.1% 1.0*% 0.-1% 0.4#% 0.2#% 0.3-% 0.,4% 0.#,%

    /eal estate 0.24% 0.3,% 0.1*% 0.21% 0.10% 0.3,% 0.2*% 0.23%

    usiness Ser,ices 0.01% 0.-#% 0.0#% 0.1#% +0.04% 0.2,% 0.1-% 0.20%

    on-maret ser,ices 0.20% 0.#3% 0.1#% 0.31% 0.3#% 0.40% 0.2,% 0.2%

    3ousehold ser,ices +0.31% 0 .32 % 0 .2, % +0.02% 0.24% 0.2,% 0.21% 0.0#%

    G3/ -0.01% 0.61% -0.01% 0.19% 0.11% 0.21% 0.10% 0.15%

    Taes 0 .4, % 0.4- % +0.4% 0.1#% +0.*4% 0.10% +0.0#% 0.10%

    GDP 0 .04 % 0.60 % -0.05% 0.19% 0.03% 0.20% 0.09% 0.15%

    *onsumption ependitures of households 0 .2- % 0.24 % +0.11% 0.24% +0.#1% 0.23% 0.0*% 0.1*%

    *onsumption ependitures of PS3s 0.1*% 0.21% 0.2*% 0.34% 0.3% 0.33% 0.2*% 0.2%

    Public *onsumption ependiture 0.#0% 0.*% 0.31% 0.#3% 0.44% 0.##% 0.44% 0.4-%

    5.*. +0.3-% 0.14% +0.22% +0.14% +0.-0% 0.13% +0.0% +0.14%

    )ports 0 .30 % 2.*0 % +0.3*% 1.##% 0.34% 0.**% 0.2,% 0.-#%

    mports 0.#3% 1.*2% 1.1#% 0.4*% 0.-,% +0.02% 0.,% 0.,*%

    6wn estimate

    ast data

    http://www.economie.gouv.fr/budget-financeshttp://www.economie.gouv.fr/budget-financeshttp://www.economie.gouv.fr/grandes-orientations-du-programme-de-stabilite-2014-2017http://www.economie.gouv.fr/files/programme-stabilite2014.pdfhttp://www.economie.gouv.fr/files/presentation-pstabilite-2014.pdfhttp://www.economie.gouv.fr/grandes-orientations-du-programme-de-stabilite-2014-2017http://www.economie.gouv.fr/files/programme-stabilite2014.pdfhttp://www.economie.gouv.fr/files/presentation-pstabilite-2014.pdfhttp://www.economie.gouv.fr/budget-finances