In the first quarter of 2009, Gross Domestic Product (GDP) decreased by 1.2% in volume (1). Households’ consumption expenditures grew at a stable pace (+0.2% as in the fourth quarter). Total Gross Fixed Capital Formation (GFCF) slackened once again (-2.3% after -2.4%), driven by the drop in non-financial corporations’ GFCF (-3.2% after -2.7%) and the decline in households’ GFCF (-1.5% after -2.6%). Foreign trade fell as both exports and imports collapsed (respectively -6.0% after -4.6% and -5.3% after -3.0%). All in all, foreign trade balance did not contribute to GDP growth this quarter (after a -0.4 points contribution in the fourth quarter of 2008). Eventually, inventory changes contributed -0.8 points to GDP growth, after -0.7 in the third quarter.
Nota Bene: As every year, these figures take into account results from the annual campaign (2006-2008), which sometimes generate important revisions of past data. This has been the case for Q3 2008 (revised by -0.3 points) and Q4 2008 (-0.4 points).
Quarterly national accounts are now available from 1949 (previously 1978). See the link opposite "Quarterly national accounts" and Historical time-series.
(1) Growth rates are seasonally and trading-day adjusted; volumes are chain linked previous year prices volumes.
|(2) Stocks include net acquisitions of valuables.|
|Q2 2008||Q3 2008||Q4 2008||Q1 2009||2008||2009 c.o.|
|Gross Domestic Product (GDP)||-0.4||-0.2||-1.5||-1.2||0.3||-2.5|
|Household consumption expenditures||0.0||0.1||0.2||0.2||0.9||0.4|
|Consumption expenditures by general government||0.3||0.6||0.3||0.0||1.1||0.6|
|Total Gross Fixed Capital Formation (GFCF) of which:||-1.5||-1.1||-2.4||-2.3||0.4||-4.9|
|Enterprises (Non-financial enterprises)||-1.5||-0.3||-2.7||-3.2||2.4||-5.7|
|Domestic demand excluding inventories (2)||-0.2||0.0||-0.4||-0.4||0.9||-0.7|
|Change in inventories (2)||0.2||0.0||-0.7||-0.8||-0.3||-1.3|
n° 135 - May 15, 2009
Quarterly national accounts - preliminary figures - First Quarter 2009
Next issue August 14, 2013 07:30 - 2nd quarter 2013
Since July 2009, display of the Informations Rapides has changed.