The main French industries include machinery, chemicals, automobiles, metallurgy, electronics, aircraft, food and drink processing, textiles and tourism. Agriculture remains one of the county’s major industries, but the economy is highly dependent on service and manufacturing industries. The GDP of France was estimated at $ 2.735 trillion as of 2013. The USA and European markets are major trading partners with France.Continue Reading
France is a major producer of chemical products and textiles. The country is also popular globally among tourists, receiving more than 75 million visitors annually, and generates the third largest income in the world from tourism. However, France has recorded the slowest economic growth compared to other developed countries in the world with 2 percent growth in 2006, which was the worst in Europe. The country is characterized by the highest unemployment rates which stood at 9.8 percent in that same year. Most large companies and financial institutions have either been partially or completely privatized. Stakes in Air France, France Telecom, and Renault have been sold off, but the government still controls important assets including public transport, power and defense industries.
With a population of 66.39 million people, France has the fifth largest population in Europe and is the 21st most populated country in the world. French citizens enjoy free education and health care. The country has a high number of immigrants, with the figure estimated at 11.8 million as of 2008.Learn more about Economics