France is one of the European countries with a huge economy, one of the top ten economies in the world. Here's a quick rundown of French economic data:
GDP (Gross Domestic Product): According to 2020 International Monetary Fund (IMF) data, France's GDP is $2.7 trillion, making it the second largest economy in the European Union and the seventh largest in the world.
Economic structure: France's economy is mainly composed of services, industry and agriculture. Among them, the service industry accounts for 75% of France's GDP and is the largest pillar of the French economy. Followed by industry accounted for about 15%, agriculture accounted for about 2%.
Foreign trade: France is a world-renowned trading country, with total exports and imports of US$2.2 trillion and US$2.06 trillion (2020), respectively. France's main exports include aircraft, automobiles, chemicals, agricultural products, etc., and its main imports include petroleum, machinery and equipment, chemicals, etc.
Foreign Investment: France is also a country that is popular with foreign investment. According to the United Nations Conference on Trade and Development, France is the seventh largest recipient of foreign direct investment (FDI) in the world, with FDI inflows in France totaling US$152 billion in 2020.
Employment and the labor market: France's unemployment rate has been a key concern for the government. According to 2020 data, the unemployment rate in France is 7.5%, which is slightly higher than the EU average. The French labor market is also more flexible, but there are also problems with more complex labor market regulations.
Government debt: French government debt remains high. According to 2020 data, French government debt accounts for 118.2% of GDP.
Generally speaking, France is a dynamic and diverse economy. The development of the service industry has injected strong impetus into the French economic development. At the same time, it is also facing challenges such as unemployment rate and government debt.