France GDP per Capita: Overview and Outlook
Current GDP per Capita
France's GDP per capita currently stands at a robust EUR 43,000, making it one of the wealthier European economies.
Historical Changes in France's GDP per Capita
France's economic journey since 2000 has been one of steady but modest real GDP growth, characteristic of a mature European economy; rigidities in the labour market and a high tax burden precluded a faster expansion. The economy was hit by the 2008 Global Financial Crisis and the subsequent Eurozone sovereign debt crisis, which led to a period of stagnation and high unemployment. In the latter half of the 2010s, the government began implementing a series of pro-business reforms, including changes to the labour market and tax cuts, aimed at boosting competitiveness, though economic growth remained below the G7 average.
GDP per Capita Predictions for the Coming Years
GDP per capita is expected to resume an upward climb over the coming years: real GDP growth will continue its tepid trajectory, while the euro is forecast to strengthen vs the U.S. dollar.
Want to get concrete forecasts for France's GDP per capita for the coming years? FocusEconomics collects GDP per capita projections out to 2035 from a panel of 15 analysts at the leading national, regional and global forecast institutions. To get in touch with our team for more information, fill in the form here.
Key Factors to Watch
Managing the country's high level of public debt within the EU's fiscal rules will be a key challenge, requiring a careful balance between fiscal consolidation and growth-supporting investment—France's fiscal deficit is currently one of the largest in Europe. As a core member of the European Union, France's economic destiny also remains inextricably linked to the overall health and integration of the single market.
Moreover, changes to France's economic make-up are on the horizon if Emmanuel Macron loses the 2027 presidential elections to a candidate from the right-wing party of Marine Le Pen.
France GDP Per Capita Chart
Note: This chart displays GDP per Capita (EUR) for France from 2018 to 2024.
Source: Macrobond.
France GDP Per Capita Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| GDP per capita (EUR) | 34,360 | 37,001 | 38,977 | 41,471 | 42,685 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects French GDP Per Capita projections for the next ten years from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP Per Capita forecast available for French GDP Per Capita.
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