[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%. [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. It is the world's seventhth-largest economy by 2019 nominal figures and the tenth-largest economy by PPP. PIB (16th to 30th September, 2020) S. No. 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 … 21/12/2020 Wheat, beef, pork, poultry, and dairy products are the principal exports. European Economy Institutional Papers are important reports analysing the economic situation and economic developments prepared by the European Commission's Directorate-General for Economic and Financial Affairs, which serve to underpin economic policy-making by the … 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". [97] In July 2013, the unemployment rate for France was 11%. 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). Exports from the United States face stiff competition from domestic production, other EU member states, and third-world countries in France. The Prime Minister, Shri Narendra Modi at the India-Bangladesh virtual bilateral summit, in New Delhi. France is the ninth-largest trading partner of the US. At the end of Q3 2020, the Maastricht debt accounted for €2,674.3 billion. [32] In the early 1980s, France was the leading producer of the three principal grains of wheat, barley, and maize. [66] The destination of 49% of its exports is other EU members states. 1. Under a new, legally binding labour agreement, around 250,000 employees will avoid handling work-related matters during their leisure time and their employers will, in turn, refrain from engaging with staff during this time.[99]. [53], In late 2012, credit-rating agencies warned that growing French government debt levels risked France's AAA credit rating, raising the possibility of a future credit downgrade and subsequent higher borrowing costs for the French government. 22/12/2020. at €35 billion), which was considerably increased under the government of Prime Minister Jean-Pierre Raffarin, goes largely to the French arms industries. [58], France was in 2019 the world's 8th largest manufacturer in termes of value added, according to the World Bank. Pradhan Mantri Krishi Sinchayee Yojana 5. COVIRAP 7. For cities of over 50,000 inhabitants, Neuilly-sur-Seine, a western suburb of Paris, is the wealthiest city in France with an average household income of €5,939, and 35% earning more than €8,000 per month. [45], As of August 2020, France was also the country that weighed the most on the Eurozone's EURO STOXX 50 (representing 36.4% of all total assets), ahead of Germany (35.2%).[46]. 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 … Spring 2020 ISSN 2443-8014 (online) European Economic Forecast INSTITUTIONAL PAPER 125 | MAY 2020 EUROPEAN ECONOMY. In terms of income, important inequalities can be observed among the French départements. In Q3 2020, rents increased by 0.1%. The principal French exports to the US are aircraft and engines, beverages, electrical equipment, chemicals, cosmetics, luxury products and perfume. pib 2020 - 1 - Economia României a scăzut cu 4,6%, în primele 9 luni. Record high defence expenditure (currently[when?] Au premier trimestre 2020, le PIB chute de –5,8 %. MoU between India and Nigeria … Date actuelle. [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. Posted by S. Sarwar 27th November 2020 Leave a comment on Daily Gist of ‘The Hindu’, ‘PIB’, ‘Indian Express’ and Other Newspapers: 27 November, 2020 Daily Important News will speed up the preparation for the Civil Services Examination and it also plays a crucial role to grasp the current affairs topic comprehensively. October 2020 PIB. As of September 30, 2020, it is the 3rd largest economy of Europe, after the economy of Germany and the United Kingdom. France is a large producer of many agricultural products and is currently expanding its forestry and fishery industries. Area Topics Page No. The wealthiest man in France is the LVMH CEO and owner Bernard Arnault. As of September 30, 2020, it is the 3rd largest economy of Europe, after the economy of Germany and the United Kingdom. [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. [57], The following table shows the main economic indicators in 1980–2018.Inflation below 2% is in green. 21 Oct 2020: PIB Summary & Analysis. However these shareholdings are being rapidly sold, the state keeping mostly symbolic stakes in those companies (aside from rail transportation and energy). 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. The French arms industry's main customer, for whom they mainly build warships, guns, nuclear weapons and equipment, is the French government. How can Europe reset the investment agenda now to rebuild its future? "[32], France scored 5th in the 2019 AT Kearney FDI Confidence Index, up 2 notches from its 2017 ranking. PIB-ul Franței va suferi o contracție de 8% în 2020, preconizează ministrul francez al Economiei . The chemical industry is a key sector for France, helping to develop other manufacturing activities and contributing to economic growth. Keynesian economists's theories led to the introduction of the 35-hour workweek law in 1999. 1. [80], Charles de Gaulle Airport is one of the busiest airports in the world by passenger traffic. Foto: Getty Images . [83], According to a 2011 report by the American Bureau of Labor Statistics (BLS), France's GDP per capita at purchasing power parity is similar to that of the UK, with just over US$35,000 per head. Arms sales becoming France’s new El Dorado, but at what cost? 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). 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. [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. Adoption of E20 fuel 6. For historical information, see. [81] Charles de Gaulle airport is third globally in the number of destinations served, and first in the number of countries served with non-stop flights.[82]. It was reported that in 2015, French arms sales internationally amounted to 17.4 billion U.S. dollars,[72] more than double the figure of 2014. [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). "Europe as a whole accounts for 35% of the individuals in the global top 1% (of wealthiest households), but France itself contributes a quarter of the European contingent." This figure excludes people staying less than 24 hours in France, such as northern Europeans crossing France on their way to Spain or Italy during the summer. Notwithstanding, the French state still retains 70% of the capital. French manufacturers export great quantities of weaponry to Saudi Arabia, the United Arab Emirates, Brazil, Greece, India, Pakistan, Taiwan, Singapore and many others. Prénoms Votre prénom est populaire ? France is the world-leading country in nuclear energy, home of global energy giants Areva, EDF and GDF Suez: nuclear power now accounts for about 78% of the country's electricity production, up from only 8% in 1973, 24% in 1980, and 75% in 1990. 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%.
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