INSEE Revises France 2023 GDP Growth Up to 1.6% From Initial 0.9% Estimate
INSEE raised France's 2023 GDP growth from 0.9 percent to 1.6 percent and 2024 growth from 1.1 percent to 1.5 percent in revisions released May 29.
Le MondeThe National Institute of Statistics and Economic Studies published a revision of France's national accounts for 2023 to 2025 on Friday, May 29. 6 percent. 9 percent after adjusting for the number of working days.
5 percent. 4 percent when accounting for working days. Economic activity in France in 2023 and 2024 was much better than previously thought following the INSEE revisions.
Companies invested much more than initial indicators suggested, contributing to the upward revision of French GDP growth. The manufacturing sector in France accelerated its contribution to GDP, surpassing the 10 percent threshold again. 3 points.
France is catching up with its European peers on productivity as its main neighbors have seen their productivity losses accelerate in recent years. 34 percentage points. The first estimate of French GDP growth is usually produced in March of the following year.
The period examined for average GDP revision differences is 2005 to 2024. The revision for French 2023 GDP growth was a full percentage point upward.
