France - Economy
How is the economy of France? Based on the information we have, France has a high-income, advanced and diversified EU economy and euro user; 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, barley, maize, potatoes, grapes, rapeseed, pork, sunflower seeds (2022).
More about the economy of France
| Labor force | 31.825 million (2023 est.) |
|---|---|
| Industrial production growth rate | 0.74% (2023 est.) |
| Industries | machinery, chemicals, automobiles, metallurgy, aircraft, electronics, textiles, food processing, tourism |
| Population below poverty line | 15.6% (2021 est.) |
| Taxes and other revenues | 24.62% (of GDP) (2022 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | euros (EUR) per US dollar - |
| 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.) |
| Exchange rates 2019 | 0.893 (2019 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2023 | $240.792 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $242.416 billion (2022 est.) |
| Reserves of foreign exchange and gold 2021 | $244.28 billion (2021 est.) |
| Current account balance | |
| Current account balance 2023 | -$22.792 billion (2023 est.) |
| Current account balance 2022 | -$56.672 billion (2022 est.) |
| Current account balance 2021 | $9.868 billion (2021 est.) |
| Public debt | |
| Public debt 2022 | 98.66% of GDP (2022 est.) |
| Budget | |
| Revenues | $1.229 trillion (2022 est.) |
| Expenditures | $1.362 trillion (2022 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2023 | 1.15% of GDP (2023 est.) |
| Remittances 2022 | 1.22% of GDP (2022 est.) |
| Remittances 2021 | 1.11% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 2.9% (2021 est.) |
| Highest 10% | 24.9% (2021 est.) |
| Average household expenditures | |
| On food | 13.6% of household expenditures (2022 est.) |
| On alcohol and tobacco | 4.1% of household expenditures (2022 est.) |
| Imports | |
| Imports 2023 | $1.099 trillion (2023 est.) |
| Imports 2022 | $1.103 trillion (2022 est.) |
| Imports 2021 | $963.999 billion (2021 est.) |
| Imports (partners) | Germany 15%, Belgium 9%, Spain 8%, Italy 8%, Netherlands 8% (2022) |
| Comodities Imports force | natural gas, cars, refined petroleum, crude petroleum, garments (2022) |
| Exports | |
| Imports 2023 | $1.099 trillion (2023 est.) |
| Imports 2022 | $1.103 trillion (2022 est.) |
| Imports 2021 | $963.999 billion (2021 est.) |
| Exports (partners) | Germany 13%, Italy 9%, US 8%, Belgium 8%, Spain 8% (2022) |
| Comodities Exports force | aircraft, packaged medicine, cars, natural gas, vehicle parts/accessories (2022) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2023 | $3.764 trillion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $3.738 trillion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $3.648 trillion (2021 est.) |
| GDP (official exchange rate) | $3.031 trillion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $55,200 (2023 est.) |
| Real GDP per capita 2022 | $55,000 (2022 est.) |
| Real GDP per capita 2021 | $53,800 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 1.9% (2023 est.) |
| Industry | 18.7% (2023 est.) |
| Services | 69.2% (2023 est.) |
| GDP - composition, by end use | |
| Household consumption | 53.7% (2023 est.) |
| Government consumption | 23.3% (2023 est.) |
| Investment in fixed capital | 24.8% (2023 est.) |
| Investment in inventories | 0.4% (2023 est.) |
| Exports of goods and services | 32.7% (2023 est.) |
| Imports of goods and services | -34.9% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2023 | 7.32% (2023 est.) |
| Unemployment rate 2022 | 7.31% (2022 est.) |
| Unemployment rate 2021 | 7.87% (2021 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 17.1% (2023 est.) |
| Male | 18.1% (2023 est.) |
| Female | 16% (2023 est.) |
All Important Facts about France
Want to know more about France? Check all different factbooks for France below.
