. Key agricultural products in this country include: wheat, sugar beets, milk, maize, barley, potatoes, grapes, rapeseed, pork, sunflower seeds (2023)."> . Key agricultural products in this country include: wheat, sugar beets, milk, maize, barley, potatoes, grapes, rapeseed, pork, sunflower seeds (2023).">
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 $1.229 trillion (2022 est.)
Expenditures $1.362 trillion (2022 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.

France is found in Western Europe