| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

France Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











France Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 22, 2014

Economy - overview:
The French economy is diversified across all sectors. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 82 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality. France's real GDP stagnated in 2012 and 2013. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2013. Youth unemployment in metropolitan France decreased from a high of 25.4% in the fourth quarter of 2012 to 22.8% in the fourth quarter of 2013. Lower-than-expected growth and high spending have strained France's public finances. The budget deficit rose sharply from 3.3% of GDP in 2008 to 7.5% of GDP in 2009 before improving to 4.1% of GDP in 2013, while France's public debt rose from 68% of GDP to nearly 94% over the same period. In accordance with its EU obligations, France is targeting a deficit of 3.6% of GDP in 2014 and 2.8% in 2015. The administration of President Francois HOLLANDE has implemented greater state support for employment, the separation of banks' traditional deposit taking and lending activities from more speculative businesses, increasing the top corporate and personal tax rates, including a temporary 75% tax on wages over one million euros, and hiring an additional 60,000 teachers during his five-year term. In January 2014 HOLLANDE proposed a �??Responsibility Pact�?? aimed primarily at lowering labor costs in return for businesses�?" commitment to create jobs. Despite stagnant growth and fiscal challenges, France's borrowing costs have declined in recent years because investors remain attracted to the liquidity of France�?"s bonds.

GDP (purchasing power parity):
$2.276 trillion (2013 est.)
country comparison to the world: 10

$2.269 trillion (2012 est.)
$2.268 trillion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$2.739 trillion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
0.3% (2013 est.)
country comparison to the world: 191

0% (2012 est.)
2% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$35,700 (2013 est.)
country comparison to the world: 39

$35,800 (2012 est.)
$36,000 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
18.2% of GDP (2013 est.)
country comparison to the world: 87

17.6% of GDP (2012 est.)
19% of GDP (2011 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 57.6%
government consumption: 25.1%
investment in fixed capital: 18.7%
investment in inventories: 0.1%
exports of goods and services: 27.3%
imports of goods and services: -28.8%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 1.9%
industry: 18.7%
services: 79.4% (2013 est.)

Agriculture - products:
wheat, cereals, sugar beets, potatoes, wine grapes; beef, dairy products; fish

Industries:
machinery, chemicals, automobiles, metallurgy, aircraft, electronics; textiles, food processing; tourism

Industrial production growth rate:
-0.4% (2013 est.)
country comparison to the world: 170
[see also: Industrial production growth rate country ranks ]

Labor force:
29.94 million (2013 est.)
country comparison to the world: 21
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 2.9%
industry: 20.6%
services: 76.4% (2012 est.)

Unemployment rate:
10.2% (2013 est.)
country comparison to the world: 108

10.2% (2012 est.)
note: includes overseas territories
[see also: Unemployment rate country ranks ]

Population below poverty line:
7.9% (2011)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.5%
highest 10%: 25.4% (2011)

Distribution of family income - Gini index:
30.6 (2011)
country comparison to the world: 117

27.9 (1996)
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: $1.41 trillion
expenditures: $1.522 trillion (2013 est.)

Taxes and other revenues:
51.5% of GDP (2013 est.)
country comparison to the world: 11
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-4.1% of GDP (2013 est.)
country comparison to the world: 150
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
93.4% of GDP (2013 est.)
country comparison to the world: 18

90.2% of GDP (2012 est.)
note: data cover general government debt, and includes debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
0.9% (2013 est.)
country comparison to the world: 21

2% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
0.75% (31 December 2013)
country comparison to the world: 114

1.75% (31 December 2010)
note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
3.1% (31 December 2013 est.)
country comparison to the world: 166

3.44% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$810.1 billion (31 December 2013 est.)
country comparison to the world: 7

$738.8 billion (31 December 2012 est.)
note: see entry for the European Union for money supply in the euro area; the European Central Bank (ECB) controls monetary policy for the 17 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$2.299 trillion (31 December 2013 est.)
country comparison to the world: 7

$2.273 trillion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$3.687 trillion (31 December 2013 est.)
country comparison to the world: 6

$3.631 trillion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$1.762 trillion (31 December 2012 est.)
country comparison to the world: 7

$1.538 trillion (31 December 2011)
$1.983 trillion (31 December 2010 est.)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$58.97 billion (2013 est.)
country comparison to the world: 188

-$45.22 billion (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$578.6 billion (2013 est.)
country comparison to the world: 7

$567.1 billion (2012 est.)
[see also: Exports country ranks ]

Exports - commodities:
machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages

Exports - partners:
Germany 16.7%, Belgium 7.5%, Italy 7.5%, Spain 6.9%, UK 6.9%, US 5.6%, Netherlands 4.3% (2012)

Imports:
$659.8 billion (2013 est.)
country comparison to the world: 7

$653.4 billion (2012 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals

Imports - partners:
Germany 19.5%, Belgium 11.3%, Italy 7.6%, Netherlands 7.4%, Spain 6.6%, UK 5.1%, China 4.9% (2012)

Reserves of foreign exchange and gold:
$198.7 billion (31 December 2012 est.)
country comparison to the world: 14

$188.4 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$5.371 trillion (31 December 2012 est.)
country comparison to the world: 5

$5.004 trillion (31 December 2011)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$1.103 trillion (31 December 2013 est.)
country comparison to the world: 7

$1.095 trillion (31 December 2012 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$1.489 trillion (31 December 2013 est.)
country comparison to the world: 4

$1.497 trillion (31 December 2012 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
euros (EUR) per US dollar -

0.7634 (2013 est.)
0.7752 (2012 est.)
0.755 (2010 est.)
0.7198 (2009 est.)
0.6827 (2008 est.)


NOTE: 1) The information regarding France on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of France Economy 2015 information contained here. All suggestions for corrections of any errors about France Economy 2015 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 02-Mar-15
Copyright © 1995- , ITA (all rights reserved).

    . Feedback