INFORMATION ABOUT FRANCE

-- APPROACHING FRANCE
France, the fourth largest economy in the world, is an ideal venue from which to conquer the European market. The European Community now counts ten more countries and represents 40% of the world Trade and 450 millions consumers. Situated in the middle of these countries, it enjoys genuine economic stability and a strong international reputation in key industrial sectors. With it numerous advantages, France offers a favourable environment to business.
THE FRENCH ECONOMY
 
WORKFORCE AND COMPETITIVENESS
 

The quality of the workforce represents one of the most important factors in terms of competitiveness in a global economy. In France, this quality is largely due to the high level of qualification. To reach a high level of skills, educationnal expenditures amounted to 108 billions euros, equivalent to 7% of the GDP in 2002, 17 billions being for high level education. In 2003 there were 2 209 000 students, 49 000 more than in 2002. In total, 30% of the workforce has received post-secondary education (OECD, 2000).

The GDP per employee in French private business is 51 500 US$ ahead of the United Kingdom (50 900), Germany (42 700) and Spain (35 500) according to the World Competitiveness Yearbook 2002.

Workforce (in millions, in 2003)
26,5
Participation rate - men (in 2003)
74,6
Participation rate - women (in 2003)
63,4%
Unemployment rate (as at 31.12.03)
9,7%
Yearly average take home pay (in 2001)
20 270 €
Gross saving rate (as % of disposable income)
15,60%
Hourly minimum wage (in 2003)
7,19 €

 

 
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To help you in your steps to further commercial development in France: Contact the French Chamber of Commerce in your country.