Sunday, April 15, 2018

France GDP and the fifth largest economy in the world.

The Gross Domestic Product (GDP) in France was worth 2465.45 billion US dollars in 2016. The GDP value of France represents 3.98 percent of the world economy. GDP in France averaged 1154.82 USD Billion from 1960 until 2016, reaching aall time high of 2923.47 USD Billion in 2008 and a record low of 62.65 USD Billion in 1960.

France’s economy (click here) is the fifth largest in the world and represents around one fifth of the Euro area gross domestic product (GDP). Currently, services are the main contributor to the country’s economy, with over 70% of GDP stemming from this sector. In manufacturing, France is one of the global leaders in the automotive, aerospace and railway sectors as well as in cosmetics and luxury goods. Furthermore, France has a highly educated labor force and the highest number of science graduates per thousand workers in Europe.

In the external sector, France’s closest trading partner is Germany, which accounts for more than 17% of France’s exports and 19% of total imports. France’s primary exports are machinery and transportation equipment, aerospace equipment and plastics, while primary imports include machinery, automobiles and crude oil. Additionally, France is the most visited country in the world, making tourism a prominent sector in the economy....