In the 4th quarter of 2023, France’s GDP stood at 593,815 million euros, up 0.1% compared to the previous quarter, according to detailed results published at 8:45 a.m. by the National Institute of Statistics and economic studies (INSEE). The wealth produced over the quarter is therefore up 0.7% year-on-year.
The country’s economic activity in the 3rd quarter of 2023 was 593,504 million euros (figure which has just been revised by INSEE), stable over three months and up 0.6% over one year.
What you need to know about this indicator: GDP measures the wealth created by all public and private actors in a country over a given period. It is a major economic indicator at the national level, just like employment/unemployment or inflation. The evolution of GDP makes it possible to calculate the rate of growth, or decline, of a country’s activity. We speak of a recession when it declines for at least two consecutive quarters. Measuring GDP per capita makes it possible to compare the level of wealth between countries.
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