France » Introduction

Basic Economic Facts

GDP composition by Sector

During the 18th century, France was one of the wealthiest countries of the world. Currently France is regarded as the sixth largest economy in the whole world.  The France economic indicators reflect strong GDP growth. Strong growth in the GDP is due to the fact that France economy is going through transition from Government control to the flourishing private sector which has great potential of successful business in the country. Positive sign of economic boom can be seen by France economic information found on various dependable news sources. France is also a member of G8 forum. G8 Forum represents eight heavily industrialized countries of the world. Membership of G8 forum proves the business and economic stability of the country. 

Many France economic facts indicate the positive trends of this industrialized country. The oil resources in the country are very inadequate for the high utilization in businesses and industrial sectors of the country. France relay heavily on the Nuclear power solutions to fulfil energy consumption needs. This is due to the fact that France economy market is booming and needs many energy resources to fuel it. Most dominant industries in the country are:

• Machinery
• Chemicals
• Automobiles
• Metallurgy
• Aircraft
• Electronics
• Textiles
• Food processing
• Tourism

Agricultural sector is also in full bloom in the France as France is the leading agricultural country in the Western Europe. 7% percent of total workforce is employed in the Agricultural side. Low percentage of total workforce is due to this fact that agricultural methods are fully mechanised and need not so much human labour in day to day agricultural activities. Heavy industrialisation has greatly changed the way of agricultural processes going in the lush green farms of the country. Some significant agricultural products of France are as under.

• Wheat
• Cereals
• Sugar
• Beets
• Potatoes
• Wine grapes
• Beef
• Dairy products
• Fish

France is the most visited country in the world and is making a huge amount of revenues due to the tourist activates and the industries associated with the tourism industry. France is a leading country in the whole Western Europe where import and export process take place in huge number. Economy of France can be judged in why that France was the world 5th major exporter according to the data collected in 2004. France was also entitles as 4th most prominent importer of the world in the same year.  The France major import goods are:

• Machinery
• Equipment
• Vehicles
• Crude oil
• Aircraft
• Plastics
• Chemicals

The largest France exports are:

• Machinery
• Transportation equipment
• Aircraft
• Plastics
• Chemicals
• Pharmaceutical products
• Iron
• Steel,
• Beverages