Country Infos - France

Capital : Paris
Currency : Euro (EUR)
Population : 67,06 million (Insee, Jan 2020)
Literacy rate : 99%
Unemployment Rate : 8,2% (Eurostat, Jan 2020)
Gross salary per hour : 10, 15 EUR (Jan, 2020)
Inflation : 1,4% (Insee, Feb 2020)
GDP : USD 2,70 trillion (2019)
GDP growth : 1.2% (Q3 2019)
GDP per capita : USD 40 411 (2019)

 

 

 

 

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

France today is one of the most modem countries in the world and is a leader among European nations. It plays an influential global role as a pemanent member of the United Nations Security Council, NATO, the G-7, the G-20, the EU, and other multilateral organizations. The French economy is diversified across all sectors.

The main industries are machinery, chemicals, automobiles, metallurgy, aircraft, electronics, textiles, food processing and tourism. Whereas, the main agriculture products include wheat, cereals, sugar beets, potatoes, wine grapes, beef, dairy products and fish. The government has partially or fully privatized many large companies.

However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. France is the most visited country in the worid with 89,4 million foreign tourist (World Bank, 2018).

 

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.