• Prior +0.5%
• GDP +1.1% vs +1.2% y/y expected
• Prior +0.9%

The headline reading meets estimates as the French economy grew slightly in the final quarter of last year. Overall, French GDP expanded by 0.9% in 2025 and that’s a slight decline from the 1.1% growth seen in 2024.

Looking at the breakdown for the year, household consumption posted a modest growth of 0.4% on the year with the final quarter coming in strong as well with a 0.3% jump. Total government expenditure was up 1.7% on the year with imports up 2.9% while exports were up 1.4% in terms of overall growth contributions.

In terms of actual percentage contributions, internal demand excluding inventory changes accounted for 0.7% of GDP growth. Meanwhile, inventory changes itself also accounted for 0.7%. The offsetting line was net foreign trade, which subtracted 0.5% from GDP.

Here’s the full breakdown: