PPP > Constant 2000 international $ : PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. ); approximately 100,000 National Gendarmerie; approximately 75,000 National Guard (2023), the French military's inventory consists mostly of domestically produced weapons systems, including some jointly produced with other European countries; there is a limited mix of armaments from other Western countries, particularly the US; France has a large and sophisticated defense industry capable of manufacturing the full spectrum of air, land, and naval military weapons systems (2023)note: two major future acquisition programs for the French military included the Franco-German-Spanish Future Combat Air System, or FCAS (known in France as the systme combat arien du futur, or SCAF) and a next-generation tank development project with Germany known as the Main Ground Combat System, or MGCS, 18-25 years of age for voluntary military service for men and women; no conscription (abolished 2001); 12-month service obligation (2022)note 1: in 2019, women comprised approximately 16% of the uniformed armed forces note 2: men between the ages of 17.5 and 39.5 years of age, of any nationality, may join the French Foreign Legion; those volunteers selected for service sign five-year contractsnote 3: in 2018, Parliament passed a law that would require military service for all genders beginning in 2024; President MACRON included the measure in his platform hoping that it would reinvigorate a sense of civic duty; the service would include two components: the first would take place around age 16 and include one month of training and civic service, while the second component would last between three months and a year and be more geared towards defense and security duties; France began a pilot for the program in 2019, approximately 300 Central African Republic; approximately 1,000 Chad; 300 Comoros; approximately 900 Cote d'Ivoire; approximately 1,400 Djibouti; 300 Estonia (NATO); approximately 2,000 French Guyana; approximately 900 French Polynesia; approximately 1,000 French West Indies; 350 Gabon; approximately 500 Middle East (Iraq/Jordan/Syria); 650 Lebanon (UNIFIL); approximately 1,400 New Caledonia; approximately 1,500 Niger; approximately 1,700 Reunion Island; approximately 800 Romania (NATO); approximately 350 Senegal; approximately 650 United Arab Emirates (2023)note: in response to Russias 2022 invasion of Ukraine, some NATO countries, including France, have sent additional troops to the battlegroups deployed in NATO territory in eastern Europe, France was one of the original 12 countries to sign the North Atlantic Treaty (also known as the Washington Treaty), which created NATO in 1949; in 1966, President Charles DE GAULLE decided to withdraw France from NATOs integrated military structure, reflecting his desire for greater military independence, particularly vis--vis the US, and the refusal to integrate Frances nuclear deterrent or accept any form of control over its armed forces; it did, however, sign agreements with NATO setting out procedures in the event of Soviet aggression; beginning with the fall of the Berlin Wall in 1989, France distanced itself from the 1966 decision and has regularly contributed troops to NATOs military operations, being one of the largest troop-contributing states; in 2009 it officially announced its decision to fully participate in NATO structuresin 2010, France and the UK signed a declaration on defense and security cooperation that included greater military interoperability and a Combined Joint Expeditionary Force (CJEF), a deployable, combined Anglo-French military force for use in a wide range of crisis scenarios, up to and including high intensity combat operations; the CJEF has no standing forces, but would be available at short notice for French-UK bilateral, NATO, EU, UN, or other operations; combined training exercises began in 2011; as of 2020, the CJEF was assessed as having full operating capacity with the ability to rapidly deploy over 10,000 personnel capable of high intensity operations, peacekeeping, disaster relief, and humanitarian assistance the French Foreign Legion, established in 1831, is a military force that is open to foreign recruits willing to serve in the French military for service in France and abroad; the Foreign Legion is an integrated part of the French Army and is comprised of approximately 8,000 personnel; its combat units are a mix of armored cavalry and airborne, light, mechanized, and motorized infantry regiments (2023), Terrorist group(s): Islamic Revolutionary Guard Corps/Qods Force; Islamic State of Iraq and ash-Sham (ISIS); al-Qa'idanote: details about the history, aims, leadership, organization, areas of operation, tactics, targets, weapons, size, and sources of support of the group(s) appear(s) in Appendix-T, Madagascar claims the French territories of Bassas da India, Europa Island, Glorioso Islands, and Juan de Nova Island; Comoros claims Mayotte; Mauritius claims Tromelin Island; territorial dispute between Suriname and the French overseas department of French Guiana; France asserts a territorial claim in Antarctica (Adelie Land); France and Vanuatu claim Matthew and Hunter Islands, east of New Caledonia, refugees (country of origin): 55,681 (Afghanistan), 39,091 (Syria), 33,834 (Sri Lanka), 33,148 (Russia), 31,935 (Democratic Republic of the Congo), 24,223 (Sudan), 21,225 (Guinea), 18,008 (Serbia and Kosovo), 17,032 (Turkey), 13,974 (Iraq), 12,286 (Cote d'Ivoire), 11,489 (Eritrea), 11,012 (Cambodia), 10,543 (China), 10,236 (Albania), 10,210 (Somalia), 8,858 (Bangladesh), 8,124 (Mauritania), 8,101 (Mali), 7,991 (Vietnam), 6,913 (Bosnia and Herzegovina), 6,910 (Haiti), 6,808 (Angola), 6,498 (Laos), 6,417 (Armenia), 6,111 (Nigeria), 5,896 (Georgia) (mid-year 2022); 118,994 (Ukraine) (as of 31 October 2022)stateless persons: 3,633 (2022). What Is France's Economic System? | Bizfluent ), improved: urban: 100% of populationrural: 100% of populationtotal: 100% of populationunimproved: urban: 0% of populationrural: 0% of populationtotal: 0% of population (2020 est. As Macrons Ensemble! )services: 77.2% (2016 est. Political Outline Economic activity will strengthen from 2024 in . In this page: The discovery of the cultural and gastronomic heritage of France and shopping are the main activities popular with foreign tourists.In 2022, due to the war in Ukraine, most businesses faced a surge in production costs, in addition to the pre-existing pandemic-related supply difficulties (Coface). )industry: 20% (2016 est. The shooting of a teenager by a police officer in late June resulted in riots across France, placing racial inequalities and police brutality in the spotlight. note: data are in current year dollars$916.214 billion (2019 est.) France is a member of the European Union and is the United States' third-largest trading partner in Europe (after Germany and the U.K.). Comparing national economies 1. )consumption: 38.192 billion cubic meters (2020 est. 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). [106] In late 2019, the French unemployment rate, though still high compared to other developed economies, was the lowest in a decade. The new government stated that it aimed to cancel recently enacted tax cuts and exemptions for the wealthy, raising the top tax bracket rate to 75% on incomes over a million euros, restoring the retirement age to 60 with a full pension for those who have worked 42 years, restoring 60,000 jobs recently cut from public education, regulating rent increases; and building additional public housing for the poor. )8.41% (2019 est. President : Emmanuel Macron (since 14 May 2017; re-elected for a second term on 24 April 2022). )agricultural: 3.18 billion cubic meters (2020 est. It is now a member of all five institutions making up . A 1972 study found that foreign workers earned 17% less than their French counterparts, although this national average concealed the extent of inequality. Another indicator of improved living standards is the growth of ownership of various household and consumer goods, particularly such items as automobiles and computers. )subscriptions per 100 inhabitants: 47 (2020 est. It reflects the degree of freedom enjoyed by journalists, the media and digital citizens of each country and the means used by states to respect and uphold this freedom. France also hosts various catholic universities recognized by the state, the largest one being Lille Catholic University,[94] as well branch colleges of foreign universities. Almost every French household has at least $1,000 in assets. French manufacturers export great quantities of weaponry to Saudi Arabia, the United Arab Emirates, Brazil, Greece, India, Pakistan, Taiwan, Singapore and many others. France - Farming, Crops, Livestock | Britannica The Statutory Health Insurance currently covers . World Bank, Latest data available. ), total: 16 yearsmale: 16 yearsfemale: 16 years (2020), total: 20.1%male: 19.9%female: 20.3% (2021 est. The French are also among the least indebted populations in the developed world with, Officially the Republic of China, participates as ", This page was last edited on 13 July 2023, at 18:55. note: data are in current year dollars$751.384 billion (2020 est.) France also provides agricultural exports to many poor African countries (including its former colonies) which face serious food shortages. The government continues to own shares in corporations in several sectors, including energy production and distribution, automobiles, aerospace industry, shipbuilding, the arms industry, electronics industry, machine industry, metallurgy, fuels, chemical industry, transportation, and telecommunications.[54][55]. US agricultural exports to France, totaling some $600million annually, consist primarily of soybeans and soybean products, feeds and fodders, seafood, and consumer products, especially snack foods and nuts. Wheat, beef, pork, poultry, and dairy products are the principal exports. The State Department also noted that France has an active presence in international trade and is the second-largest trading nation in Europe, after Germany. U.S. Relations With France - United States Department of State According to French trade data, US exports accounted for 8.7% about $25billion of France's total imports. ), total: 11.44 liters of pure alcohol (2019 est. Despite being a widely liberalized economy, the government continues to play a significant role in the economy: government spending, at 56% of GDP in 2014, is the second-highest in the European Union. 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. [116] They are attracted by much higher wages for the different job groups than in their own country and the lack of skilled labour in the booming Luxembourgish economy. [48] 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. )imports of goods and services: -32% (2017 est. le-de-France is the wealthiest region in the country with an average income of 4,228 per month (and is also the wealthiest region in Europe) compared to 3,081 at the national level. ), some forest damage from acid rain; air pollution from industrial and vehicle emissions; water pollution from urban wastes, agricultural runoff, party to: Air Pollution, Air Pollution-Heavy Metals, Air Pollution-Multi-effect Protocol, Air Pollution-Nitrogen Oxides, Air Pollution-Persistent Organic Pollutants, Air Pollution-Sulphur 85, Air Pollution-Sulphur 94, Air Pollution-Volatile Organic Compounds, Antarctic-Environmental Protection, Antarctic-Marine Living Resources, Antarctic Seals, Antarctic Treaty, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Climate Change-Paris Agreement, Comprehensive Nuclear Test Ban, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping-London Convention, Marine Dumping-London Protocol, Marine Life Conservation, Ozone Layer Protection, Ship Pollution, Tropical Timber 2006, Wetlands, Whalingsigned, but not ratified: none of the selected agreements, particulate matter emissions: 11.64 micrograms per cubic meter (2016 est. [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. July 23, 2019 France's economic performance has been solid, and the authorities have made notable progress in recent years to introduce reforms supporting growth. 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. What Is France's Economic System? )nuclear: 68.4% of total installed capacity (2020 est. United States vs. France - Country Comparison - IndexMundi )exports: 35,000 metric tons (2020 est. In 2018, France was the 5th largest trading nation in the world, as well as the second-largest trading nation in Europe (after Germany). Although the French government has given up holdings in such companies as Air France and auto maker Renault, it continues to hold shares in other corporations across various sectors, including banks, energy, telecommunications, utilities and transportation. France | Data Report for Selected Countries and Subjects", "Quelle trajectoire pour l'conomie franaise au cours du prochain quinquennat? Total trade for 1998 amounted to $730billion, or 50% of GDPimports plus exports of goods and services. France - Market Overview - International Trade Administration Shane Hall is a writer and research analyst with more than 20 years of experience. The survey measures freedom according to two broad categories: political rights and civil liberties. )1.9% of GDP (2021)2% of GDP (2020)1.8% of GDP (2019), approximately 210,000 active-duty troops (120,000 Army; 35,000 Navy; 40,000 Air Force; 15,000 other, such as joint staffs, administration, logistics, procurement, medical service, etc. It relies a lot on people, and there is very little division of labor or specialization. "[85], 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. US industrial chemicals, aircraft and engines, electronic components, telecommunications, computer software, computers and peripherals, analytical and scientific instrumentation, medical instruments and supplies, broadcasting equipment, and programming and franchising are particularly attractive to French importers. IMF World Economic Outlook Database, Latest data available. Fitch rating: AA (2014)Moody's rating: Aa2 (2015)Standard & Poors rating: AA (2013)note: The year refers to the year in which the current credit rating was first obtained. [46] La Dfense, Paris's Central Business District, was ranked by Ernst & Young in 2017 as the leading business district in continental Europe, and fourth in the world. Similarly, while it was once the heavily urbanized and industrialized regions of northern and northeastern France that were developing most rapidly, in the 1980s these areas began losing jobs and population. 63.8 0 100 Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. The CIA also noted the importance of tourism to France, reporting that it is the most visited country in the world. France is a member of the European Union (EU). )from petroleum and other liquids: 225.865 million metric tonnes of CO2 (2019 est. France became a member of the International Bank for Reconstruction and Development (IBRD) on Dec. 27, 1945. Capgemini and Atos are among the largest technology consulting companies. France is ranked as the world's seventh largest economic power, just behind the United Kingdom and India (WEF, 2022).
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