France GVA chained volumes: construction
France GVA chained volumes: construction stood at 122,143 in 2025, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Annual national accounts table (Value · Annual), with a complete series running from 1949 to 2025. The complete series with an interactive chart, free to download.
This indicator in the Annual national accounts table
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross value added, chain-linked volumes | |||||||||||
| Construction | 122,143 | 123,133 | 123,077 | 117,753 | 122,587 | 116,007 | 126,099 | 122,584 | 122,392 | 119,755 | |
| Wholesale and retail trade, transport, accommodation and food service activities | 396,820 | 392,713 | 387,300 | 386,818 | 350,345 | 324,101 | 385,353 | 374,853 | 376,105 | 370,117 |
Understanding france GVA chained volumes: construction
Chain-linked volume valuation isolates real economic output for structural erection, civil engineering, and specialized building trades by stripping away price inflation. This metric tracks physical activity levels across residential and non-residential projects, subtracting intermediate consumption from total production. In contrast to nominal financial aggregates, this constant-price series prevents price swings from distorting the underlying volume of materials installed, labor utilized, and projects completed.
Interpreting chained figures involves accounting for non-additive properties inherent in chain-linking methods, meaning component sub-branches will not sum precisely to higher-level totals outside reference years. Revisions frequently occur when delayed construction permits, building censuses, and contractor surveys replace preliminary project estimates. Analysts evaluating multi-year trajectories must account for weather disruptions affecting seasonal building schedules, making annual over-year comparisons more reliable than consecutive period assessments for gauging fundamental sector momentum.
Frequently asked questions
- How does chain-linking affect the additivity of construction sub-branches?
- Chained volume measures are generally non-additive, meaning the sum of individual building sectors will not equal the aggregate total except in the reference year.
- What is excluded when calculating value added for this sector?
- Intermediate consumption, such as building materials, fuel, and outsourced professional services, is subtracted from total output.
- Why are annual comparisons preferred over short-term movements?
- Annual frames smooth out weather-related disruptions and irregular project timelines that distort sequential period comparisons.