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Economic impact of the coronavirus (COVID-19) in France - statistics & facts

On March 16, 2020, the French were confined to their homes for nearly two months, the first confinement in a long series that saw many businesses close their doors for several months and caused an economic earthquake across industries. More than one year after the outbreak of the COVID-19 pandemic in France, the outcome for the French economy and repercussions by sector are being assessed.

Welfare state rescues the economy and finances

The total wealth created on the French territory collapsed in 2020, the GDP in France decreased by 8.23 percent compared to the previous year. This historic economic crash is the largest since the end of the Second World War. Faced with such an economic crisis, an explosion in unemployment seemed inevitable. However, the unemployment rate actually fell in 2020. The French government quickly adopted short-time working and offered companies zero interest loans so that they could pay their suppliers and avoid major liquidation.

Tourism at its lowest, e-commerce booming

Deprived of "non-essential" shops, the French have been shopping massively via online stores. This can be seen in particular via the online activity of the French, when internet traffic exploded during the confinements of March, April and November 2020. As a result, online sales have recorded high figures since April 2020.
The sky is greyer for the tourism industry. Because of the successive lockdowns in 2020, the hotel sector has plunged to a 14.6 percent occupancy rate in April 2020. The situation is equally alarming for ski resorts, where ski lifts have been shut down since March 15, 2020. The occupancy rate of mountain hotels did not exceed 50 percent for the 2020/2021 season. Tourist transport companies have also suffered a significant drop in turnover, with the flagship of French air transport, Air France-KLM, seeing its turnover divided by two in 2020.

Real estate projects and the Parisian exodus

The images of Parisians fleeing the capital a few days before the confinement have been widely reported in the media. In a city where rents are expensive and space is a scarce commodity, the prospect of being confined to a small apartment has pushed many Parisians to move to greener areas or to settle in less populated cities. In 2020, Nantes and Rennes saw apartment prices increase by 5 to 7.4 percent. But overall, real estate transactions fell sharply in 2020, during which apartment sales dropped by more than 25 percent.

Key figures

The most important key figures provide you with a compact summary of the topic of "Economic impact of the coronavirus (COVID-19) in France" and take you straight to the corresponding statistics.

Economy and finance

Tourism and transport

Media and advertising

Real estate

Interesting statistics

In the following 7 chapters, you will quickly find the 44 most important statistics relating to "Economic impact of the coronavirus (COVID-19) in France".

Coronavirus (COVID-19): economic impact in France

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Economic impact of the coronavirus (COVID-19) in France - statistics & facts

On March 16, 2020, the French were confined to their homes for nearly two months, the first confinement in a long series that saw many businesses close their doors for several months and caused an economic earthquake across industries. More than one year after the outbreak of the COVID-19 pandemic in France, the outcome for the French economy and repercussions by sector are being assessed.

Welfare state rescues the economy and finances

The total wealth created on the French territory collapsed in 2020, the GDP in France decreased by 8.23 percent compared to the previous year. This historic economic crash is the largest since the end of the Second World War. Faced with such an economic crisis, an explosion in unemployment seemed inevitable. However, the unemployment rate actually fell in 2020. The French government quickly adopted short-time working and offered companies zero interest loans so that they could pay their suppliers and avoid major liquidation.

Tourism at its lowest, e-commerce booming

Deprived of "non-essential" shops, the French have been shopping massively via online stores. This can be seen in particular via the online activity of the French, when internet traffic exploded during the confinements of March, April and November 2020. As a result, online sales have recorded high figures since April 2020.
The sky is greyer for the tourism industry. Because of the successive lockdowns in 2020, the hotel sector has plunged to a 14.6 percent occupancy rate in April 2020. The situation is equally alarming for ski resorts, where ski lifts have been shut down since March 15, 2020. The occupancy rate of mountain hotels did not exceed 50 percent for the 2020/2021 season. Tourist transport companies have also suffered a significant drop in turnover, with the flagship of French air transport, Air France-KLM, seeing its turnover divided by two in 2020.

Real estate projects and the Parisian exodus

The images of Parisians fleeing the capital a few days before the confinement have been widely reported in the media. In a city where rents are expensive and space is a scarce commodity, the prospect of being confined to a small apartment has pushed many Parisians to move to greener areas or to settle in less populated cities. In 2020, Nantes and Rennes saw apartment prices increase by 5 to 7.4 percent. But overall, real estate transactions fell sharply in 2020, during which apartment sales dropped by more than 25 percent.

Interesting statistics

In the following 7 chapters, you will quickly find the 44 most important statistics relating to "Economic impact of the coronavirus (COVID-19) in France".

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