2006 National accounts - Speeding-up of economic activity

Franck Arnaud, Antonin Aviat, Adrien Friez, département des Comptes nationaux, Insee

In 2006, the gross domestic product grew by an annual average of 2 0 % by volume, compared with 1.7 % in 2005 and 2.5 % in 2004. Adjusted for working days, the speeding-up of activity is more clear : the rise of activity gains 0.2 point and reaches 2.2 %. Foreign trade balance still curbs the growth, but to a lesser extent. Household consumption and investment remain buoyant. Buying power of household disposable income is getting some strength back and household savings rate rises. Margin rate of non-financial corporations is keeping steady. As rate of tax and social security contributions rises and public spending slows down, the public deficit is decreasing.

Insee Première N° 1134
No 1134
Paru le : 15/05/2007