French GDP increased in Q3 (+0,3%)Quarterly national accounts - second estimate - Third Quarter 2009

French GDP increased by +0.3% in the third quarter of 2009, like in the previous quarter.

Informations rapides
No 294
Paru le : 13/11/2009
Prochaine parution le : 29/11/2017 at 08:45 - third quarter 2017

French GDP increased by +0.3% in the third quarter of 2009, like in the previous quarter.

Foreign trade balance, once more driving force behind GDP growth

Production’s growth was stable (+0.5%). Foreign trade balance still contributed positively to GDP growth (+0.4%) but less than in the second quarter (+0.9%): exports grew (+2.3% after +0.6%) faster than imports (+0.4% after -2.6%).

Households consumption’s expenditures levelled out (0.0% after +0.3%) whereas total GFCF edged down again (-1.4% after -1.2%). Altogether, total domestic demand (excluding inventory changes) negatively contributed to GDP growth: -0.1% after +0.1% in Q2. The decrease of inventory changes was almost steady and contributed -0.1% to GDP growth, after -0.6%.

Graph1 – GDP and its main components

Tableau 1 – Goods and services: resources and uses chain-linked volumes

percentage change from previous period, trading-days and seasonally adjusted data
Goods and services: resources and uses chain-linked volumes
ovhg
2008 Q4 2009 Q1 2009 Q2 2009 Q3 2008 2009
GDP -1,5 -1,4 0,3 0,3 0,3 -2,4
Imports -3,3 -6,0 -2,6 0,4 0,6 -10,2
Households' consumption expenditure 0,1 0,1 0,3 0,0 0,9 0,5
General government's consumption expenditure 0,3 0,0 0,5 0,7 1,1 1,4
GFCF -2,6 -2,6 -1,2 -1,4 0,4 -6,9
of which Non financial corporated and unincorporated enterprises -2,9 -3,4 -1,0 -0,7 2,4 -7,2
Households -2,8 -2,2 -2,2 -2,9 -1,4 -8,9
General government -1,6 -0,8 0,2 -0,9 -4,5 -3,7
Exports -6,1 -7,4 0,6 2,3 -0,6 -11,1
Contributions :        
Internal demand excluding inventory changes -0,4 -0,5 0,1 -0,1 0,9 -0,8
Inventory changes -0,4 -0,8 -0,6 -0,1 -0,3 -1,6
Net foreign trade -0,7 -0,2 0,9 0,4 -0,3 0,0

    Documentation

    Methodology (pdf, 140 Ko)