Economy of France
Autor: Yang Yao Lee • March 14, 2017 • Research Paper • 1,803 Words (8 Pages) • 692 Views
No | Contents |
1 | Introduction of Economy |
2 | Automotive industry |
3 | Aircraft Industry |
4 | Agriculture |
5 | Trading in France |
6 | Technology & Energy |
7 | Tourism |
8 | Weakness of France |
9 | Conclusion |
10 | References |
Economy of France
With more than 65 million people, France is a big country in Europe, with a large and diversified economy. However, France is still ranked second in the whole of Europe with its largest economy, only behind Germany. [pic 1]
Above show the population of France from http://www.worldometers.info/world-population/france-population/
The main ingredient in the French economy are industry, agriculture, tourism, energy, trading and weapons. With a gross domestic product (GDP) of 2.6 trillion USD and the Gross Domestic Product per capita(GDP per capita) in France was last recorded at 42,736.2 US dollars in 2014, France is ranked the richest country in the world. [pic 2]
Automotive Industry
France is the fourth largest automotive industry in the world. The biggest contributor to France’s foreign trade balance is the automotive industry. France is the fifth biggest automobiles producing country in European Union. Annual output of French automotive industry is around 3.5 million vehicles. France has been ranked the top 10 automobiles manufacturing countries in European Union. Renault and Bugatti are the examples of the main players in French automobile industries. The automobile industry employs more than 350,000 employees. It contributes to approximately 2.6 million jobs indirectly as well. Dominant foreign players such as Toyota have raised their investments in France. Furthermore, French federal government introduces new policies for helping the automobile industry in the country, not only helps the local companies but also helps foreign companies to invest in the country. The French government also intends to increase the quantity of aid to car manufacturers in France in order to deal with high credit rates. French automobile manufacturers are also emphasize on development of eco-friendly technology. Hence, the plan of electric and hybrid vehicles development was announced. To implement this plan successfully, public policy encourages the use of electric vehicles in France by introduction of various incentives in rewarding those who buy the vehicles which emits the lowest carbon dioxide. By this approach, France is the second largest electric vehicle market in the world, while United State is the first.
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