Economy of French Republic


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This article addresses the current economic situation of France. For historical information, see Economic history of France.

France is the world's fifth largest and wealthiest economy.[7] It is the second largest economy in Europe (behind its main economic partner Germany).[7] France's economy entered the 2008-2009 recession later and left it earlier than most comparable economies, only enduring four quarters of contraction. As of September 2010, France's economy has been growing continuously since the second quarter of 2009.[8] Between January and March 2011, France's GDP growth has been stronger than expected, at 1%, one of the best figures in Europe.[9]




La Défense is a major business district in Paris
Rank 5th (nominal) / 9th (PPP)
Currency 1 euro (€1) = 100 cent
Fiscal year Calendar year
Trade organisations EU, WTO and OECD
Statistics
GDP $2.113 trillion
GDP growth 1.6% (2010)
GDP per capita Nominal : $38,016 (2008)
GDP by sector agriculture (2.1%), industry (19%), services (78.9%) (2009 est)
Inflation (CPI) 1.5% (2010 est.)
Population
below poverty line 13.2% (2008)[1]
Gini index 32.7 (2008)
Labour force 28.21 million (2010 est.)
Labour force
by occupation services (71.8%), industry (24.3%), agriculture (3.8%) (2009)
Unemployment 9.6% (Feb. 2011) [2]
Average gross salary 3,931 € / 5,307 $, monthly (2006)[3]
Average net salary 1,828 € / 2,468 $, monthly (2006)[3]
Main industries machinery, chemicals, automobiles, metallurgy, aircraft, electronics; textiles, food processing; tourism
Ease of Doing Business Rank 26th[4]




External
Exports $508.7 billion (2010 est.)
Export goods machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages, electronics
Main export partners Germany 15.88%, Italy 8.16%, Spain 7.8%, Belgium 7.44%, United Kingdom 7.04%, United States 5.65%, Netherlands 3.99% (2009)
Imports $577.7 billion (2010 est.)
Import goods machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals
Main import partners Germany 19.41%, Belgium 11.61%, Italy 7.97%, Netherlands 7.15%, Spain 6.68%, United Kingdom 4.9%, United States 4.72%, China 4.44% (2009)
FDI stock $1.207 trillion (31 December 2010 est.)
Gross external debt $4.698 trillion (30 June 2010)
Public finances
Public debt 83.5% of GDP (2010 est.)
Revenues $1.241 trillion (2009 est.)
Expenses $1.441 trillion (2010 est.)
Economic aid donor: ODA $10.1 billion (2006) [3]
Credit rating AAA (Domestic)
AAA (Foreign)
AAA (T&C Assessment)
(Standard & Poor's)[5]
Foreign reserves US$191.689 billion (March 2011)[6]
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars


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