France - Economy
How is the economy of France? Based on the information we have, France has a
high-income, advanced EU economy and eurozone member; strong tourism, aircraft manufacturing, pharmaceuticals, and industrial sectors; high public debt; ongoing pension reform efforts; transitioning to a green economy via "France 2030" strategy
. Key agricultural products in this country include: wheat, sugar beets, milk, maize, barley, potatoes, grapes, rapeseed, pork, sunflower seeds (2023).More about the economy of France
| Labor force | 31.725 million (2024 est.) |
|---|---|
| Industrial production growth rate | 0.7% (2024 est.) |
| Industries | machinery, chemicals, automobiles, metallurgy, aircraft, electronics, textiles, food processing, tourism |
| Population below poverty line | 15.6% (2021 est.) |
| Taxes and other revenues | 23.1% (of GDP) (2023 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | euros (EUR) per US dollar - |
| Exchange rates 2024 | 0.924 (2024 est.) |
| Exchange rates 2023 | 0.925 (2023 est.) |
| Exchange rates 2022 | 0.95 (2022 est.) |
| Exchange rates 2021 | 0.845 (2021 est.) |
| Exchange rates 2020 | 0.876 (2020 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $282.857 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $240.792 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $242.416 billion (2022 est.) |
| Current account balance | |
| Current account balance 2024 | $12.382 billion (2024 est.) |
| Current account balance 2023 | -$30.334 billion (2023 est.) |
| Current account balance 2022 | -$33.069 billion (2022 est.) |
| Public debt | |
| Public debt 2023 | 98.5% of GDP (2023 est.) |
| Budget | |
| Revenues | $1.29 trillion (2023 est.) |
| Expenditures | $1.447 trillion (2023 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2024 | 1.2% of GDP (2024 est.) |
| Remittances 2023 | 1.2% of GDP (2023 est.) |
| Remittances 2022 | 1.2% of GDP (2022 est.) |
| Household income | |
| Lowest 10% | 3% (2022 est.) |
| Highest 10% | 24.6% (2022 est.) |
| Average household expenditures | |
| On food | 12.6% of household expenditures (2023 est.) |
| On alcohol and tobacco | 3.5% of household expenditures (2023 est.) |
| Imports | |
| Imports 2024 | $1.074 trillion (2024 est.) |
| Imports 2023 | $1.094 trillion (2023 est.) |
| Imports 2022 | $1.092 trillion (2022 est.) |
| Imports (partners) | Germany 15%, Belgium 11%, Netherlands 9%, Spain 8%, Italy 8% (2023) |
| Comodities Imports force | cars, natural gas, crude petroleum, refined petroleum, garments (2023) |
| Exports | |
| Imports 2024 | $1.074 trillion (2024 est.) |
| Imports 2023 | $1.094 trillion (2023 est.) |
| Imports 2022 | $1.092 trillion (2022 est.) |
| Exports (partners) | Germany 11%, Italy 9%, USA 8%, Belgium 8%, Spain 7% (2023) |
| Comodities Exports force | aircraft, cars, packaged medicine, gas turbines, vehicle parts/accessories (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $3.732 trillion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $3.689 trillion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $3.655 trillion (2022 est.) |
| GDP (official exchange rate) | $3.162 trillion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $54,500 (2024 est.) |
| Real GDP per capita 2023 | $54,000 (2023 est.) |
| Real GDP per capita 2022 | $53,700 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 1.4% (2024 est.) |
| Industry | 17.5% (2024 est.) |
| Services | 70.4% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 53.4% (2023 est.) |
| Government consumption | 23.1% (2023 est.) |
| Investment in fixed capital | 23.1% (2023 est.) |
| Investment in inventories | 0.1% (2023 est.) |
| Exports of goods and services | 34.3% (2023 est.) |
| Imports of goods and services | -36.3% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 7.4% (2024 est.) |
| Unemployment rate 2023 | 7.4% (2023 est.) |
| Unemployment rate 2022 | 7.4% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 16.6% (2024 est.) |
| Male | 17.1% (2024 est.) |
| Female | 16% (2024 est.) |
All Important Facts about France
Want to know more about France? Check all different factbooks for France below.
