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France’s national wealth rose markedly in 2016

Author

Listed:
  • Ludovic Bourlès
  • Sylvain Humbertclaude
  • Clément Poivet

Abstract

At the end of 2016, France’s national wealth was valued at EUR 14,023 billion, equivalent to 7.7 times its net domestic product for the year. The figure was up by 3.1% compared with end-2015, essentially fuelled by rises in house prices and in stock market valuations. Household net worth rose at a slightly faster rate of 3.2% over the year compared with 2.2% growth in 2015, reflecting the increase in real estate prices. Non-financial corporations’ own funds continued to increase sharply, expanding by 5.6% after 8.1% growth in 2015. As in 2015, the increase was driven by further rises in equity markets and in real estate prices. Financial corporations’ own funds saw another year of strong growth. In contrast, general government net worth continued to decline, falling to EUR 190 billion at end-2016 from EUR 255 billion a year earlier.

Suggested Citation

  • Ludovic Bourlès & Sylvain Humbertclaude & Clément Poivet, 2018. "France’s national wealth rose markedly in 2016," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 49, pages 51-63, Spring.
    • Handle: RePEc:bfr:quarte:2018:49:05
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    More about this item

    Keywords

    national wealth; national accounts; nonfinancial accounts; financial accounts; households; non-financial corporations; financial corporations; general government; house prices; investment; stocks; deposits; debt securities; loans; shares; investment fund shares; life insurance; investments; financing; net worth; own funds;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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