Information About France

France, the world's fifth largest economic power (as ranked by the IMF) is "power of influence" as described by the President of the French Republic François Hollande. It is indeed a country with many advantages.

Despite difficult economic conditions in Europe, France succeeded in the second quarter of 2013 to move out of the recession (slowdown in economic activity over two consecutive quarters) with a GDP of +0.5% (source: INSEE). 

According to Prime minister JM Ayrault , "Encouraging recovery" is a sign that France has bounced back despite economic uncertainty, as the recovery of economic activity always results in positive growth. The French economy is mainly Service oriented ; the services sector employs nearly 70% of the workforce. It also has a dynamic agricultural sector, France is actually the first agricultural producer in the European Union , not to forget the wine production  where France is considered the world's largest producer of wines and spirits. In addition, the country  has also developed in key industrial domains such as food processing, automotive, building, chemical industry or the rail (source: France.fr) 

France is also world renowned for its luxury sector and tourism. The hexagon is the top touristic country  in the world with 83 million tourists in 2012, which maintains the position of France as the first tourist destination in the world (source: Directorate General for Competitiveness, Industry and Services)

Invest in France:

France is a major player among in the international investment platform,  with more than 20.000 foreign companies developing their activities in France and 30.000 French companies operating abroad. Despite the economic crisis in the European region, foreign investors have not abandoned the French market, because since 2008, 13 foreign companies choose France each week on average to settle or enhance their activity (source: report of the Ministry of Economy and Finance, 2012).

Moreover, France enjoys a skilled and productive work force which is an important asset for the country,  The hourly productivity of France is ranked as the fourth highest in Europe (source France.fr). In addition, France represents a market with 500 million consumers with the ability to provide quick and easy access to its neighboring countries with more than 11000KM of highways, one million KM of road, a network of high-speed train and a powerful set of waterways and international hubs. 

Its low cost of implementation, its attractive taxation policy and government support in innovation make France a great country to invest in. With $ 40.9 billion of inward FDI, in 2011 France was the world's ninth destination and the third European destination behind Belgium and the United Kingdom (source: report of the Ministry of Economy and Finance, 2012).

The attractiveness of an economy is also measured through job-creating business expansions and foreign investment. In 2011 France received 14% of job-creating foreign investment that have been identified in Europe. As in 2010, France is the European leader for attracting foreign investment in industrial activities such as chemical, food or metal working (source: report of the Ministry of Economy and Finance 2012).

Good relations (economic among others) connecting France with Jordan, should encourage investment in both countries, because both countries have resources that allow greater complementarity allowing greater economic expansion.

 

Key figures of the French economy:

Economic growth in the second quarter of 2013: +O,5%

Population on 1 January 2013: 65,59 millions d’habitants

Inflation (in July 2013) + 1,1%

Consumption (June 2013): -0,8%

Unemployment in first quarter: 10.8%

GDP per capita : 397721$/hbt

 

 

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