Country Infos - France

Capital : Paris
Currency : Euro (EUR)
Population : 65.821 million(2014)
Literacy rate : 99%
Unemployment Rate : 10.5% (October 2014)
Gross salary per hour : 9.53 EUR (from 1st January 2014)
Inflation : 0.55% (average January until November 2014)
GDP : $2.735 trillion (2013)
GDP growth : 0.3% (Q3 2014)
GDP per capita : $41,420 (2013)

 

 

 

 

Overview Of France

Member active in the European Union and being founder of G8, France has is also part of the United Nation being one of the five members having the veto right. At present, France is at the front of European states seeking to exploit the momentum of monetary union to advance the creation of a more unified and capable European defense and security appartus.

· Europe’s second largest economy and the fith largest in the world.

· Europe’s second largest consumer market, with more than 65 million inhabitants.

· The world’s leading tourist destination, with 79.5 million visitors.

With its overseas territories, France’s inluence extends to all the world’s oceans; it has the second largest exclusive economic zone (11 million sq. km.) after the United States, and shares a border with Brazil (French Guiana).

Geography :
France is located on the West edge of Europe. Bordered by Netherlands, Belgium, Luxembourg, Germany, Switzerland, Italy, Andorra and Spain on the mainland moreover France shares land borders with Brazil and Suriname (French Guyana) and also the Netherlands on Saint-Martin. France is also directly linked with the United Kingdom via the Channel Tunnel which passes underneath The English Channel.

Area :
Superficie : 671 308 km² ; France Metropolitaine (with Departement d’Outre Mer “DOM” – Overseas Regions - ) : 551 695 km²

Land : 640 427km² ; 549 970 km² (France Metropolitaine)

Water : 3 374 km² ; 1 530 km² (France Metropolitaine)

Climate :
temperate climate – generally cool winters and mid summers.
Meditarranean climate – along the mediterranean sea mild winters and hot summers with occasional strong, cold, dry wind known as the “mistral”

People :
Language : French (official) 100% ; still remains today some regional dialects and languages (Alsacian, Basque, Breton, Catalan, Charentais, Corsican, Flemish, Provencal)

Government :
Political regime : France is ruled by a democratic republic since the 14 July 1789, after the “Prise de la Bastille” becoming since then, French National day. In 2012, Mr François Hollande, representative of the socialist party, was elected for a 5 year mandat with more than 50% of the votes in the second round.

 

ECONOMY

In 2014, France is the 5th world largest economy in the world and the 2nd largest economy in Europe. France is among the leading industrial economies in the automotive, aerospace, and railways sectors, as well as in cosmetics, luxury goods, insurance, pharmaceuticals, telecoms, power generation, defense, agriculture and hospitality. New technologies hold an important place in the developing sectors and are mostly supported by large enterprises but also a small ribbon of SMEs.

France economy has diversified itself across various and multiple sectors which involve partially or fully privatized large companies, such as Air France, Airbus, GDF Suez, Thales or Renault. Nevertheless, French government maintains its strong presence in several sectors such as as the public transportation sector and defense industries. State intervention in the automotive sector has helped Renault become one of the main world players; the French government still holds a 15% stake in Renault which, in turn, is the leading investor (almost 45%) in Nissan.

France was the first country in the world to propose, plan and set up a dedicated high-speed rail network. Today the country boast the world's second most extensive high-speed rail network (after Spain), one which runs without interruption from the North Sea to the Mediterranean, and east-west from near the German border to the lower reaches of the Loire.

France is also one of the world's leading tourist destinations. Regarding its labor market, France has one of the highest levels of graduates, and the highest number of science graduates per 1000 workers of any European country.

France’s main social, economical and political goals are maintaining a social equity by means of law, taxes, policies and social spending that reduce income disparity and the impact on public health and wellfare.

Since the global economic crisis in 2008, and the multiple recessions that it has faced, France still maintains its place and domination in world and Europe economy by reviving consumption and government spending.

 

ONE OF EUROPE HEART OF INVESTMENTS

France has a dynamic industrial areas , one that is very competitive. France held the 2nd, 3rd and 4th place for chemical industry, food industry and information and communication technologies industry in Europe respectively.

According to Invest in France Agency, in 2013 foreign direct investments in France ranked 3rd place for its number of projects affiliated and 2nd in terms of workplace creation. With 685 projects implented and more than 29,000 job created in 2013, France broke the sag that it has recorded since 2010 with a 9% growth compared to 2012 for the number of projects and 34% for the employement creation.

In terms of stock of foreign investment at home, France hold the 7th world rank with 1.103 trillions USD and for FDI stock abroad, it registered 1.489 trillions USD and France is placed 4th worldwide.