France’s economic growth is expected to remain at 1.06% in 2019 before
coming down to 1.50% in 2020. Business investment in France is expected to
improve despite lowing external demand due to favourable financing conditions
and business tax cuts. Job creation in France is expected to improve due to
lower labour taxes, a more flexible labour market and improved training
opportunities, notably for low-skilled workers, supporting household
consumption.
In World Bank’s ease of doing business ranking France was ranked 32 out
of 190 countries in 2018. France’s ease of doing business ranking slipped from
31st position in 2017.
France is the largest country in the EU, stretching from the North Sea
to the Mediterranean. The landscape is diverse, with mountains in the east and
south, including the Alpine peak of Mont Blanc (4 810 m) which is Western
Europe's highest point. Lowland France consists of four river basins, the Seine
in the north, the Loire and the Garonne flowing westwards and the Rhône, which
flows from Lake Geneva to the Mediterranean Sea.
France had population of 64.605 million in the year 2016 and expected
to reach 66.399 million by 2022. France’s 25.092% population was employed in
2016 and the unemployment rate was 10.042% of total labor force.
France’s real gross domestic product (GDP) was around Euro 2120.39
billions in 2016 whereas the nominal GDP was Euro 2225.92 billions. This
resulted in GDP deflator 104.977. Per capita GDP was estimated at USD 38127.65
whereas purchasing power parity (PPP) based per capita GDP was estimated to be
at USD 42313.99.The output gap for France in 2016 was negative at 2.185% of the
potential GDP.
In 2016, France government’s revenue was Euro 1184.41 billions whereas
the expenditure was Euro 1257.41 billions. This resulted France government’s
net lending / borrowing negative at Euro 72.997 billion in 2016 indicating that
enough financial resources were not made available by the government to boost
economic growth.
The current account balance for France was negative at USD 26.864
billions for the year 2016 and is expected to grow at a CAGR of 215.22% and
reach USD 13.026 by 2022. In future France’s current deficit is expected to
improve allowing France to lend money to other countries.
Scope of France – PESTLE Analysis and Macroeconomic Trends Report
- This report provides information about key macroeconomic indicators
for France.
- This report provides PESTELE (political, economic, social,
technological, environmental and legal) analysis for France.
For more information and to purchase France PESTLE Analysis &
Macroeconomic Trends Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/france-pestle-analysis-macroeconomic-trends-market-research-report
For more information and Other PESTLE Analysis Market Research Report
please visit: https://www.marketresearchreports.com/pestle-analysis
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