Includes historical data for France’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
A World-Leading Economy
As one of the world’s seven largest economies and Europe’s third-largest after Germany and the UK, France benefits from significant agricultural resources, a strong manufacturing industry and a dynamic services sector. Multinationals specializing in air and space technology, energy, biopharmaceuticals, luxury goods and food processing bolster its global competitiveness. A tourism powerhouse, with over 80 million visitors a year, France is also the most visited country in the world. Further, with its top-tier infrastructure, stable business environment and supportive regulatory framework, France is a premier destination for international investors.
Despite these strengths, France faces challenges, including rigid labor regulations hindering employment growth, and an oversized government presence in some sectors, limiting market dynamism. Inefficiencies in public spending and a high tax burden, compounded by mounting public and private debt, pose additional concerns.
Macroeconomy & Sovereign Data
Type of Government | Semi-presidential republic |
---|---|
Capital | Paris |
Sovereign Ratings |
S&P: AA Moody’s: Aa2 Fitch: AA |
Total Population | 66.1 million |
Median Age | 42.3 |
Adult Per Capita Income (PPP) | 59,478.96 |
Total GDP (2023) | 3.1 trillion |
France GDP & Economic Overview
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France
Banking & Finance
Trade & Investment
Total Exports | USD 809.0 billion (2023) |
---|---|
Leading Exports |
Aircraft Packaged Medicines Cars And Vehicle Parts Wine Beauty Products Gas Turbines |
Total Imports | USD 672.2 billion (2022) |
Leading Imports |
Cars Crude Petroleum Refined Petroleum Packaged Medicines Aircraft Machinery |
Source: | World Integrated Trade Solution |
France Leading Companies
BNP Paribas | Financials |
---|---|
Credit Agricole | Financials |
Société Générale | Financials |
EDF | Electric Utilities |
Renault | Automobiles & Components |
Sanofi | Pharmaceuticals |
LVMH Moët Hennessy Louis Vuitton | Consumer Discretionary, Luxury Goods |
Major Trade Partners — Import
Germany | 17% |
---|---|
Belgium | 11% |
Netherlands | 9% |
Italy | 8% |
Spain | 8% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
Germany | 14% |
---|---|
Italy | 8% |
Belgium | 8% |
Spain | 7% |
United States | 7% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000