French economy
La Défense is the largest business district in Europe
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| Currency | 1 euro (€1) = 100-cent |
|---|---|
| Calendar year | |
|
Trade organisations
|
EU, WTO and OECD |
| Statistics | |
| GDP | $2.420 trillion (nominal; 2017) $2.66 trillion (PPP; 2017) |
| GDP rank | 7th (Nominal) / 10th (PPP) |
|
GDP growth
|
 1.3% for 2016 |
|
GDP per capita
|
$42,000 (nominal; 2017) |
|
GDP by sector
|
agriculture (1.9%), industry (18.3%), services (79.8%) (2016 est) |
|
1,4% |
|
|
Population below poverty line
|
7.7% (2016) [4] |
 30.1 (2016)[5]
|
|
|
Labour force
|
~30 million (2017) |
|
Labour force by occupation
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services (71.8%), industry (24.3%), agriculture (3.8%) (2016) |
| Unemployment |
 9.9% (9.6% for metropolitan France) [Q2 2016] |
|
Average gross salary
|
€34,800 annually (2016) |
| €26,400 annually (2016) | |
|
Main industries
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machinery, chemicals, automobiles, metallurgy, aircraft, electronics; textiles, food processing; tourism |
|
29th (2017) |
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| External | |
| Exports |
$505.4 billion (2016) |
|
Export goods
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machinery and equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages |
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Main export partners
|
 Germany 16.7%, Belgium 7.5%, Italy 7.5%, Spain 6.9%, United Kingdom 6.9%, United States 5.6%, Netherlands 4.3%, (2012 est.) |
| Imports |
$525.4 billion (2016) |
|
Import goods
|
machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals |
|
Main import partners
|
Germany 19.5%, Belgium 11.3%, Italy 7.6%, Netherlands 7.4%, Spain 6.6%, United Kingdom 5.1%, China 4.9%, (2012 est.) |
|
FDI stock
|
$1.1 trillion (31 December 2016 est.) |
|
Gross external debt
|
$5.6 trillion (30 June 20116) |
| Public finances | |
 96.5% of GDP (2016) |
|
| Revenues | $1.3 trillion (2017 est.) |
| Expenses | $1.5 trillion (2017 est.) |
| Economic aid | donor: ODA $10.1 billion (2006) [6] |
| AA (Domestic) AA (Foreign) AAA (T&C Assessment) (Standard & Poor's) |
|
|
Foreign reserves
|
US$172 billion (31 December 2016 est.) |
France has the world's seventh largest economy by nominal figures by IMF estimates for the year 2017 and the tenth largest economy by PPP figures. It has the third-largest economy in Europe with Germany in 1st. The OECD is headquartered in Paris, the nation's financial capital.
The chemical industry is a key sector for France, helping to develop other manufacturing activities and contributing to economic growth.France's tourism industry is a major component of the economy, as France is the most visited destination in the world.Sophia Antipolis is the major technology hub for the economy of France. According to the IMF, in 2013, France was the world's 20th country by GDP per capita with $44,099 per inhabitant. In 2013, France was listed on the United Nations's Human Development Index with 0.884 (very high human development) and 25th on the Corruption Perceptions Index.
France's economy entered the recession of the late 2000s later and appeared to leave it earlier than most affected economies, only enduring four-quarters of contraction. However, France experienced stagnant growth between 2012 and 2014, with the economy expanding by 0% in 2012, 0.8% in 2013 and 0.2% in 2014, though growth picked up in 2015 with a growth of 1.2% and a growth of 1.3% for 2016, and a forecasted growth of 1.3% for 2017 and 1.6% for 2018, the highest since 2011 (2.1%).
With 31 of the 500 biggest companies of the world in 2015, France ranks 4th in the Fortune Global 500, behind the USA, China and Japan.
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