GDP Growth Rate in France averaged 0.76 percent from 1949 until 2020, reaching an all time high of 18.70 percent in the third quarter of 2020 and a record low of … Conjuguer les verbes Revoir votre conjugaison avec Conjugaisons.net ! Nuclear waste is stored on site at reprocessing facilities. [25], France has a diversified economy,[26] that is dominated by the service sector (which represented in 2017 78.8% of its GDP), whilst the industrial sector accounted for 19.5% of its GDP and the primary sector accounted for the remaining 1.7%. French government bond interest rates fell 30% to record lows,[48] less than 50 basis points above German government bond rates. Goa’s Liberation Day 2. 21 Oct 2020: PIB Summary & Analysis. The tax on wealth is paid by 1.1M of people in France, the payment of this tax starts when a €1.3M of assets is reached (there is a discount on the principal residence value). Report for Selected Countries and Subjects", fr:Observatoire français des conjonctures économiques, France issues first 10-year bond at negative interest rate, Top 10 Countries with Largest Gold Reserves, "World Economic Outlook (April 2019) – General government gross debt", "French debt jumps, minister promises to meet deficit target", "Analysis: Low French borrowing costs risk negative reappraisal", "France loses AAA rating as euro governments downgraded", "France Loses Top Credit Rating as Fitch Cites Lack of Growth", "France's Credit Rating Cut by Fitch to 'AA'; Outlook Stable", "Report for Selected Countries and Subjects", "Manufacturing, value added (current US$) | Data", Arms trade: One chart that shows the biggest weapons exporters of the last five years. [66] The destination of 49% of its exports is other EU members states. [58], France was in 2019 the world's 8th largest manufacturer in termes of value added, according to the World Bank. Toutes les données affichées sur le site sont des estimations basées sur les données officielles (plus d'information)   -  0,03 sec, Chaque seconde, le PIB du pays France augmente de $, Pour plus de détails sur l'évolution du PIB mondial, cliquez ici, Pour plus de détails sur l'évolution du PIB du pays France, cliquez ici. Although it has just 1.1% of the world’s adults, France ranks fourth among nations in aggregate household wealth – behind China and just ahead of Germany". France's competitive advantage is mostly linked to the high quality and global renown of its produce, such as cheese and wine. Over 100,000 English translations of French words and phrases. Draft National Rail Plan 5. Pour le savoir, consultez nos statistiques sur les prénoms en France et dans de nombreux pays ! Huge inequalities can also be found among cities. By 1983, the government decided to renounce dirigisme and start an era of rigueur ("rigor") or corporation. Alsace comes second, Rhône-Alpes third, Picardy fourth, and Upper Normandy fifth. [49], In July 2020, during the COVID-19 pandemic, the French government issued 10-years bonds which had negative interest rates, for the first time in its history (which means that investors buying French bonds will pay, rather than receive, interest for owning French sovereign debt). The unemployment rate in France declined to 7.8 percent in the first quarter of 2020, the lowest level since the three months to December 2008 and … Scădere de 4,6% la nouă luni şi de 6% faţă de al treilea trimestru din 2019,Prognoză a Băncii Mondiale pentru România - Contracţie de 5,7% a economiei în 2020. The economic disparity between French regions is not as high as that in other European countries such as the UK, Italy or Germany, and higher than in countries like Sweden or Denmark, or even Spain. Au premier trimestre 2020, le produit intérieur brut (PIB) en volume baisse fortement : –5,8 %, soit la baisse la plus forte sur l’historique de la série trimestrielle, depuis 1949. These linkages provided in this ‘hint’ format help you frame possible questions in your mind that might arise(or an examiner might imagine) from each current event. Exports from the United States face stiff competition from domestic production, other EU member states, and third-world countries in France. 2010's Global Wealth Report. These are the world's most innovative countries, "Human Development Index 2018 Statistical Update", "Corruption Perceptions Index 2018 Executive summary p. 2", The attractiveness of world-class business districts: Paris La Défense vs. its global competitors, "5. "[32], France scored 5th in the 2019 AT Kearney FDI Confidence Index, up 2 notches from its 2017 ranking. The Highly Reactive Polyisobutylene (HR-PIB) Market report delivers a detailed decade long pre-historic and forecast for the sector and also involves data on socio-economic scenario. In the Paris metropolitan area, significant differences exist between the higher standard of living of Paris Ouest and lower standard of living in areas in the northern banlieues of Paris such as Seine-Saint-Denis. The electricity produced by wind turbines increased from 0.596 TWh in 2004, to 0.963 TWh in 2005, and 2.15 TWh in 2006, but this still accounts only for 0.4% of the total production of electricity (as of 2006). The wealthiest man in France is the LVMH CEO and owner Bernard Arnault. According to the 2008 statistics of the INSEE, the Yvelines is the highest income department of the country with an average income of €4,750 per month. Regions like Alsace, which has a rich past in industry (machine tool) and currently stands as a high income service-specialized region, are very wealthy without ranking very high in absolute terms. The 1981 election of president François Mitterrand saw a short-lived increase in governmental control of the economy, nationalizing many industries and private banks. France is the world's sixth largest agricultural producer and EU's leading agricultural power, accounting for about one-third of all agricultural land within the EU. 22/12/2020. Noms de famille Pour connaître la popularité d'un nom de famille en France. 02 3. Area Topics Page No. Minorities Day 4. [60], Research and development spending is also high in France at 2.26% of GDP, the fourth-highest in the OECD. 16/12/2020 Production in construction up by 0.5% in euro area and by 0.9% in EU. France also provides agricultural exports to many poor African countries (including its former colonies) which face serious food shortages. French employment rates for the working age population is one of the lowest of the OECD countries: in 2020, only 64.4% of the French working age population were in employment, compared to 77% in Japan, 76.1% in Germany, 75.4% in the UK, but the French employment rate was higher than that of the US, which stood at 62.5%. According to Krugman, the difference is due to the French making "different choices about retirement and leisure". [89] This gap is due to the low employment rate for 15–24 years old: 38% in 2012, compared to 47% in the OECD. GDP Annual Growth Rate in France averaged 3.01 percent from 1950 until 2020, reaching an all time high of 12.60 percent in the second quarter of 1969 and a record low of -18.90 percent in the second quarter of 2020. Due to its heavy investment in nuclear power, France is the smallest emitter of carbon dioxide among the seven most industrialized countries in the world. For historical information, see. France is the ninth-largest trading partner of the US. Notwithstanding, the French state still retains 70% of the capital. 1. The French economy shrank 3.9 percent year-on-year in the third quarter of 2020, compared to initial estimates of a 4.3 percent decline. GOVERNANCE Destination North East 2020 02 4. INTERNATIONAL RELATIONS Air Bubble … France's GDP had contracted by … Skill India. But within Paris, four arrondissements surpass wealthy Neuilly-sur-Seine in household income: the 6th, the 7th, the 8th and the 16th; the 8th "arrondissement" being the wealthiest district in France (the other three following it closely as 2nd, 3rd and 4th wealthiest ones). France is also the most visited destination in the world, List of French regions and overseas collectivities by GDP, List of French inventions and discoveries, "World Economic Outlook Database, April 2019", "World Economic Outlook Database, October 2020", "People at risk of poverty or social exclusion", "Gini coefficient of equivalised disposable income – EU-SILC survey", "Employment rate by sex, age group 20–64", "Unemployment by sex and age – monthly average", "The unemployment rate fell from 8.5 % to 8.1 % in Q4 2019", Institut national de la statistique et des études économiques, "Average wage in France: net, gross, by sex, by CSP", "Salary after Tax Calculator – France (FR)", "Euro area and EU27 government deficit both at 0.6% of GDP", "Development aid rises again in 2016 but flows to poorest countries dip", "Moody's downgrades France's government bond ratings to Aa2 from Aa1; outlook changed to stable from negative", "France's credit downgraded to AA at Fitch Ratings – MarketWatch", "Tourism industry sub-sectors: COUNTRY REPORT – FRANCE". In terms of aggregate wealth, the French are the wealthiest Europeans, accounting for more than a quarter of wealthiest European households. The poorest parts of France are the French overseas departments, French Guiana being the poorest department with an average household income of €1,826. [59], The leading industrial sectors in France are telecommunications (including communication satellites), aerospace and defense, ship building (naval and specialist ships), pharmaceuticals, construction and civil engineering, chemicals, textiles, and automobile production. However the high-speed TGV trains make up a large proportion of long-distance travel, partially because intercity buses were prevented from operating until 2015. [47] Luxury and consumer good are particularly relevant, with L'Oreal being the world's largest cosmetic company while LVMH and Kering are the world's two largest luxury product companies. The national carrier of France is Air France, a full service global airline which flies to 20 domestic destinations and 150 international destinations in 83 countries (including Overseas France) across all 6 major continents. [85], France has long suffered a relatively high unemployment rate,[87] even during the years when its macroeconomic performances compared favorably with other advanced economies. [28] France is also the most visited destination in the world,[29][30] as well the European Union's leading agricultural power. [42] 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 0.8% and a growth of 1.1% for 2016, to a growth of 2.2% for 2017 and to later reach 2.1% for 2018. At the end of Q3 2020, the Maastricht debt accounted for €2,674.3 billion. The most important régions are Île-de-France (world's 4th and Europe 2nd wealthiest and largest regional economy), Rhône-Alpes (Europe's 5th largest regional economy thanks to its services, high-technologies, chemical industries, wines, tourism), Provence-Alpes-Côte d'Azur (services, industry, tourism and wines), Nord-Pas-de-Calais (European transport hub, services, industries) and Pays de la Loire (green technologies, tourism). ENVIRONMENT Bhagirathi Eco-sensitive Zone 01 3. Carrefour is the world's second-largest retail group in terms of revenue; Total is the world's fourth-largest private oil company; Danone is the world's fifth-largest food company and the world's largest supplier of mineral water; Sanofi Aventis is the world's fifth-largest pharmaceutical company; Publicis is the world's third-largest advertising company; PSA is the world's 6th and Europe's 2nd largest automaker; Accor is the leading European hotel group; Alstom is one of the world's leading conglomerates in rail transport. 21 Oct 2020: PIB Summary & Analysis. [73] Vice News explained that "While the United Kingdom has lapsed somewhat in this regard, France has maintained a high-level of production of military equipment for land, air, and sea defense – an expensive approach that relies on the export of arms and technology. Au premier trimestre 2020, le PIB chute de –5,8 %. France embarked on an ambitious and very successful program of modernization under state coordination. Pirates Invade the Ballroom: PIB 2020, Ottawa, Illinois. In Metropolitan France it is Creuse in the Limousin region which comes bottom of the list with an average household income of €1,849 per month.[104]. US agricultural exports to France, totaling some $600 million annually, consist primarily of soybeans and soybean products, feeds and fodders, seafood, and consumer products, especially snack foods and nuts. According to figures from 2003, some popular tourist sites include (in visitors per year):[68] Eiffel Tower (6.2 million), Louvre Museum (5.7 million), Palace of Versailles (2.8 million), Cité des Sciences et de l'Industrie (2.6 million), Musée d'Orsay (2.1 million), Arc de Triomphe (1.2 million), Centre Pompidou (1.2 million), Mont-Saint-Michel (1 million), Château de Chambord (711,000), Sainte-Chapelle (683,000), Château du Haut-Kœnigsbourg (549,000), Puy de Dôme (500,000), Musée Picasso (441,000), Carcassonne (362,000). [95], A December 2012 New York Times article reported on an allegedly "floating generation" in France that formed part of the 14 million unemployed young Europeans documented by the Eurofound research agency. Adoption of E20 fuel 6. National Super Computing Mission 6. [54] In 2012 France was downgraded by ratings agencies Moody's, Standard&Poor's, and Fitch to the AA+ credit rating. "[74], According to 2017 data compiled by Deloitte, Louis Vuitton Moet Hennessey (LVMH), a French brand, is the largest luxury company in the world by sales, selling more than twice the amount of its nearest competitor. [citation needed], Since his election in 2017, Emmanuel Macron has introduced several labour market reforms which proved successful in decreasing the unemployment rate before the global COVID-19 recession struck. However these shareholdings are being rapidly sold, the state keeping mostly symbolic stakes in those companies (aside from rail transportation and energy). In October 2020 compared with September 2020, seasonally adjusted production in the construction sector increased by 0.5% in the euro area and by 0.9% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. The rural areas are mainly in Auvergne, Limousin, and Centre-Val de Loire, and wine production accounts for a significant proportion of the economy in Aquitaine (Bordeaux (or claret)), Burgundy, and champagne produced in Champagne-Ardennes. [35], According to the IMF, in 2020, France was the world's 20th country by GDP per capita with $39,257 per inhabitant. [52], Under European Union rules, member states are supposed to limit their debt to 60% of output or be reducing the ratio structurally towards this ceiling, and run public deficits of no more than 3.0% of GDP. [94] Neoliberal economists attribute the low employment rate, particularly evident among young people, to allegedly high minimum wages that would prevent low productivity workers from easily entering the labour market. [31], France was in 2020 the largest Foreign Direct Investment recipient in Europe,[32] Europe's second largest spender in Research and development,[33] ranked among the 10 most innovative countries in the world by the 2020 Bloomberg Innovation Index,[34] as well as the 15th most competitive nation globally, according to the 2019 Global Competitiveness Report (up 2 notches compared to 2018). The government continues to own shares in corporations in several sectors, including energy production and distribution, automobiles, transportation, and telecommunications. The Prime Minister, Shri Narendra Modi at the India-Bangladesh virtual bilateral summit, in New Delhi. Due to the outbreak of coronavirus (COVID-19), the gross domestic product of France could decrease by 11.4 to 14.1 percent in 2020. French exports to the United States are much more high-value products such as its cheese, processed products and its wine. [32] 1. In April and May 2012, France held a presidential election in which the winner François Hollande had opposed austerity measures, promising to eliminate France's budget deficit by 2017. In 2010, the French had an estimated wealth of US$14.0 trillion for a population of 63 million. Key stakeholders will be able to analyse the statistics and the tables and figures given in the report for strategic planning that will help lead to the success of the organization. TABLE OF CONTENTS. As of September 30, 2020, it is the 3rd largest economy of Europe, after the economy of Germany and the United Kingdom. Dairy products, pork, poultry, and apple production are concentrated in the western region.

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