France’s real Gross Domestic Product (GDP) registered one of its lowest growth in 2009 (-2.9 percent). One year after the 2008 financial crisis, France faced economic issues. The unemployment rate in the country went from 7.4 percent in 2008 up to 9.1 percent in 2009. Since then France’s GDP at current prices remained stable, being the second or third largest economy in Europe depending on the year. However, in 2020, during the economic crisis caused by the coronavirus pandemic, the gross domestic product decreases by 7.5 percent in volume. By 2022, it had re-increased by 2.6 percent
The evolution of France’s GDP
This graph shows that the real GDP in France reached its highest growth in 2021 with 6.9 percent and its lowest in 2020 with -7.4 percent. Apart from these two years and 2009, France’s GDP growth fluctuated between 0.3 and 3.9 percent. The GDP, which is an economic construct that measures a country’s production, is an important indicator of the economic strength of this country.
The Gross Domestic Product (GDP) calculated in value or real Gross Domestic Product takes into account the prices inflation. The souce adds the following information: "les volumes sont mesurés aux prix de l'année précédente chaînés"
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Insee. (June 3, 2024). Year-on-year evolution of the real Gross Domestic Product in France from 2000 to 2023 (in volume) [Graph]. In Statista. Retrieved October 03, 2024, from https://www.statista.com/statistics/469407/year-on-year-gross-domestic-product-evolution-france/
Insee. "Year-on-year evolution of the real Gross Domestic Product in France from 2000 to 2023 (in volume)." Chart. June 3, 2024. Statista. Accessed October 03, 2024. https://www.statista.com/statistics/469407/year-on-year-gross-domestic-product-evolution-france/
Insee. (2024). Year-on-year evolution of the real Gross Domestic Product in France from 2000 to 2023 (in volume). Statista. Statista Inc.. Accessed: October 03, 2024. https://www.statista.com/statistics/469407/year-on-year-gross-domestic-product-evolution-france/
Insee. "Year-on-year Evolution of The Real Gross Domestic Product in France from 2000 to 2023 (in Volume)." Statista, Statista Inc., 3 Jun 2024, https://www.statista.com/statistics/469407/year-on-year-gross-domestic-product-evolution-france/
Insee, Year-on-year evolution of the real Gross Domestic Product in France from 2000 to 2023 (in volume) Statista, https://www.statista.com/statistics/469407/year-on-year-gross-domestic-product-evolution-france/ (last visited October 03, 2024)
Year-on-year evolution of the real Gross Domestic Product in France from 2000 to 2023 (in volume) [Graph], Insee, June 3, 2024. [Online]. Available: https://www.statista.com/statistics/469407/year-on-year-gross-domestic-product-evolution-france/