Skill India. How can Europe reset the investment agenda now to rebuild its future? The government continues to own shares in corporations in several sectors, including energy production and distribution, automobiles, transportation, and telecommunications. 1. In June 2012, Hollande's Socialist Party won an overall majority in the legislative elections, giving it the capability to amend the French Constitution and allowing immediate enactment of the promised reforms. GOVERNANCE Destination North East 2020 02 4. INTERNATIONAL RELATIONS Air Bubble … Au premier trimestre 2020, le produit intérieur brut (PIB) en volume baisse fortement : –5,8 %, soit la baisse la plus forte sur l’historique de la série trimestrielle, depuis 1949. In Metropolitan France it is Creuse in the Limousin region which comes bottom of the list with an average household income of €1,849 per month.[104]. France is the world's sixth largest agricultural producer and EU's leading agricultural power, accounting for about one-third of all agricultural land within the EU. Île-de-France is the wealthiest region in the country with an average income of €4,228 per month (and is also the wealthiest region in Europe) compared to €3,081 at the national level. Carrefour is the world's second-largest retail group in terms of revenue; Total is the world's fourth-largest private oil company; Danone is the world's fifth-largest food company and the world's largest supplier of mineral water; Sanofi Aventis is the world's fifth-largest pharmaceutical company; Publicis is the world's third-largest advertising company; PSA is the world's 6th and Europe's 2nd largest automaker; Accor is the leading European hotel group; Alstom is one of the world's leading conglomerates in rail transport. France is the 5th largest trading nation in the world, as well as the second-largest trading nation in Europe (after Germany). For cities of over 50,000 inhabitants, Neuilly-sur-Seine, a western suburb of Paris, is the wealthiest city in France with an average household income of €5,939, and 35% earning more than €8,000 per month. [98], In early April 2014, employers' federations and unions negotiated an agreement with technology and consultancy employers, as employees had been experiencing an extension of their work time through smartphone communication outside of official working hours. 1. Between 2004 and 2008, the government attempted to combat unemployment with supply-side reforms, but was met with fierce resistance;[92] the contrat nouvelle embauche and the contrat première embauche (which allowed more flexible contracts) were of particular concern, and both were eventually repealed. 1. [80], Charles de Gaulle Airport is one of the busiest airports in the world by passenger traffic. France is the world's most popular tourist destination with more than 83.7 million foreign tourists in 2014,[2] ahead of Spain (58.5 million in 2006) and the United States (51.1 million in 2006). [61], Industry contributes to French exports: as of 2018, the Observatory of Economic Complexity estimates that France's largest exports "are led by Planes, Helicopters, and/or Spacecraft ($43.8B), Cars ($26B), Packaged Medicaments ($25.7B), Vehicle Parts ($16.5B), and Gas Turbines ($14.4B)."[62]. French exports to the United States are much more high-value products such as its cheese, processed products and its wine. In 2010, wealth per French adult was a little higher than $290,000, down from a pre-crisis high of $300,000 in 2007. GOVERNANCE The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020 01 2. Other major economic centres include Lyon, Toulouse (centre of the European aerospace industry), Marseille, Nice and Bordeaux. The principal French exports to the US are aircraft and engines, beverages, electrical equipment, chemicals, cosmetics, luxury products and perfume. As the world's second-largest agricultural exporter, France ranks just after the United States. [32] The French agricultural sector receives almost €11 billion in EU subsidies. Press release - Market Insights Reports - Highly Reactive Polyisobutylene (HR-PIB) Market Status and Global Outlook 2020-2026: BASF, Daelim, INEOS, RD PRODUCTS, Lubrizol, TPC Group - … [47] Luxury and consumer good are particularly relevant, with L'Oreal being the world's largest cosmetic company while LVMH and Kering are the world's two largest luxury product companies. France is the world-leading country in nuclear energy, home of global energy giants Areva, EDF and GDF Suez: nuclear power now accounts for about 78% of the country's electricity production, up from only 8% in 1973, 24% in 1980, and 75% in 1990. Conjuguer les verbes Revoir votre conjugaison avec Conjugaisons.net ! [43] According to the OFCE, the expected 2019 growth rate is 1.3%. GDP Growth Rate in France averaged 0.76 percent from 1949 until 2020, reaching an all time high of 18.70 percent in the third quarter of 2020 and a record low of … France embarked on an ambitious and very successful program of modernization under state coordination. The implementation of the Common Agricultural Policy (CAP) and the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) have resulted in reforms in the agricultural sector of the economy. In terms of aggregate wealth, the French are the wealthiest Europeans, accounting for more than a quarter of wealthiest European households. In 2010, the French had an estimated wealth of US$14.0 trillion for a population of 63 million. 2010's Global Wealth Report, p. 32: "The proportion with assets over $10,000 is double the world average, and the proportion with more than $100,000 is four times the global figure". The poorest parts of France are the French overseas departments, French Guiana being the poorest department with an average household income of €1,826. [90] In late 2019, the French unemployment rate, though still high compared to other developed economies, was the lowest in a decade. According to Krugman, the difference is due to the French making "different choices about retirement and leisure". [55][56], In December 2014 France's credit rating was further downgraded by Fitch (and S&P) to the AA credit rating. 21 Oct 2020: PIB Summary & Analysis. Everyday, about 80,000 French citizens are commuting to work in neighbouring Luxembourg, making it the biggest cross-border workforce group in the whole of the European Union. Key stakeholders will be able to analyse the statistics and the tables and figures given in the report for strategic planning that will help lead to the success of the organization. [73] Vice News explained that "While the United Kingdom has lapsed somewhat in this regard, France has maintained a high-level of production of military equipment for land, air, and sea defense – an expensive approach that relies on the export of arms and technology. Regulatory framework for REITs and InvITs in IFSC 4. 1. Beef production is located in central France, while the production of fruits, vegetables, and wine ranges from central to southern France. Over 100,000 English translations of French words and phrases. This article is about the current economic situation of France. [105] Pradhan Mantri Krishi Sinchayee Yojana 5. Labor conditions and wages are highly regulated. Sophia Antipolis is the major technology hub for the economy of France. National Super Computing Mission 6. Area Topics Page No. The electricity produced by wind turbines increased from 0.596 TWh in 2004, to 0.963 TWh in 2005, and 2.15 TWh in 2006, but this still accounts only for 0.4% of the total production of electricity (as of 2006). Report for Selected Countries and Subjects", fr:Observatoire français des conjonctures économiques, France issues first 10-year bond at negative interest rate, Top 10 Countries with Largest Gold Reserves, "World Economic Outlook (April 2019) – General government gross debt", "French debt jumps, minister promises to meet deficit target", "Analysis: Low French borrowing costs risk negative reappraisal", "France loses AAA rating as euro governments downgraded", "France Loses Top Credit Rating as Fitch Cites Lack of Growth", "France's Credit Rating Cut by Fitch to 'AA'; Outlook Stable", "Report for Selected Countries and Subjects", "Manufacturing, value added (current US$) | Data", Arms trade: One chart that shows the biggest weapons exporters of the last five years. [27] The fifth largest trading nation in the world (and second in Europe after Germany). France's GDP grew by 18.2% between July and September, the country's statistics office, Insee, said in a preliminary reading. On retrouve 3 années avec régression du PIB en Volumes : 1975 -> -1.1%, 1993 -0.7% et 2009 -3.1%. Alsace comes second, Rhône-Alpes third, Picardy fourth, and Upper Normandy fifth. English Translation of “PIB” | The official Collins French-English Dictionary online. Dairy products, pork, poultry, and apple production are concentrated in the western region. [41] The OECD is headquartered in Paris, the nation's financial capital. In November 2004, EDF (which stands for Electricité de France), the world's largest utility company and France's largest electricity provider, was floated with huge success on the French stock market. As of September 30, 2020, it is the 3rd largest economy of Europe, after the economy of Germany and the United Kingdom. For historical information, see. Total trade for 1998 amounted to $730 billion, or 50% of GDP—imports plus exports of goods and services. By 1983, the government decided to renounce dirigisme and start an era of rigueur ("rigor") or corporation. [39] Paris has been ranked as the 2nd most attractive global city in the world in 2019 by KPMG. As a result, the government largely retreated from economic intervention; dirigisme has now essentially receded, though some of its traits remain. Record high defence expenditure (currently[when?] However these shareholdings are being rapidly sold, the state keeping mostly symbolic stakes in those companies (aside from rail transportation and energy). In November 2020, the price of oil recovered. US industrial chemicals, aircraft and engines, electronic components, telecommunications, computer software, computers and peripherals, analytical and scientific instrumentation, medical instruments and supplies, broadcasting equipment, and programming and franchising are particularly attractive to French importers. [45], As of August 2020, France was also the country that weighed the most on the Eurozone's EURO STOXX 50 (representing 36.4% of all total assets), ahead of Germany (35.2%).[46]. EY attributed this as a "direct result of President Macron’s reforms of labor laws and corporate taxation, which were well received by domestic and international investors alike. GOVERNANCE India Report on Digital Education 02 4. INTERNATIONAL RELATIONS Inauguration of Supreme Court Building of Mauritius by PM 04 5. 22/12/2020. Au premier trimestre 2020, le PIB chute de –5,8 %. Goa’s Liberation Day. Minorities Day 4. French manufacturers export great quantities of weaponry to Saudi Arabia, the United Arab Emirates, Brazil, Greece, India, Pakistan, Taiwan, Singapore and many others. Creştere de 5,6% în T3, faţă de al doilea trimestru,Economia României a crescut cu 5,6%, în T3, faţă de trimestrul doi. These are the world's most innovative countries, "Human Development Index 2018 Statistical Update", "Corruption Perceptions Index 2018 Executive summary p. 2", The attractiveness of world-class business districts: Paris La Défense vs. its global competitors, "5. [88] "Europe as a whole accounts for 35% of the individuals in the global top 1% (of wealthiest households), but France itself contributes a quarter of the European contingent." … COMPTEUR.NET. [citation needed], Since his election in 2017, Emmanuel Macron has introduced several labour market reforms which proved successful in decreasing the unemployment rate before the global COVID-19 recession struck. MoU between India and Nigeria … It was reported that in 2015, French arms sales internationally amounted to 17.4 billion U.S. dollars,[72] more than double the figure of 2014. The unemployment rate in France declined to 7.8 percent in the first quarter of 2020, the lowest level since the three months to December 2008 and … With 3,220 kilometers of high-speed train lines, France boast the 2nd most expansive network in the world, only after China. French government bond interest rates fell 30% to record lows,[48] less than 50 basis points above German government bond rates. This figure excludes people staying less than 24 hours in France, such as northern Europeans crossing France on their way to Spain or Italy during the summer. insights daily current affairs + pib summary- 8 december 2020 InstaLinks help you think beyond the issue but relevant to the issue from UPSC prelims and Mains exam point of view. Adoption of E20 fuel 6. Date actuelle. [106], France has the third-highest number of millionaires in Europe as of 2017. Pour le savoir, consultez nos statistiques sur les prénoms en France et dans de nombreux pays ! It is the world's seventhth-largest economy by 2019 nominal figures and the tenth-largest economy by PPP. According to French trade data, US exports accounted for 8.7% – about $25 billion – of France's total imports. Rankings: 1st: United States with $54.6 trillion for 318 million inhabitants; 2nd: Japan with $21 trillion for 127 million inhabitants; 3rd: China with $16.5 trillion for 1.331 billion inhabitants; 4th: France with $14.0 trillion for 63 million inhabitants. " [51], The Government of France has run a budget deficit each year since the early 1970s. The wealthiest man in France is the LVMH CEO and owner Bernard Arnault. [40] La Défense, Paris's Central Business District, was ranked by Ernst & Young in 2017 as the leading business district in continental Europe, and fourth in the world. Depuis le 1er Janvier 2020. [84] To explain why French per capita GDP is lower than that of the United States, the economist Paul Krugman stated that "French workers are roughly as productive as US workers", but that the French have allegedly a lower workforce participation rate and "when they work, they work fewer hours". It is the third largest manufacturing country in Europe behind Germany and Italy. Nuclear waste is stored on site at reprocessing facilities. DRDO systems handed over to Armed Forces Chiefs 3. PIB (16th to 30th September, 2020) S. No. [24] It is the world's seventh-largest economy by 2020 nominal figures and the tenth-largest economy by PPP. The French economy shrank 3.9 percent year-on-year in the third quarter of 2020, compared to initial estimates of a 4.3 percent decline. Chaque seconde, le PIB du pays France augmente de $ +88 075,06 Chaque jour, le PIB du pays France augmente de $ +7 609 685 587,06 En 2018, le PIB du pays France était de $ 2 777 535 239 278. PIB (16th to 31st July, 2020) S. No. As of 2019, French government debt reached €2,331 billion an equivalent of 99.2% of French GDP. October 2020 PIB. [31], France was in 2020 the largest Foreign Direct Investment recipient in Europe,[32] Europe's second largest spender in Research and development,[33] ranked among the 10 most innovative countries in the world by the 2020 Bloomberg Innovation Index,[34] as well as the 15th most competitive nation globally, according to the 2019 Global Competitiveness Report (up 2 notches compared to 2018). Notwithstanding, the French state still retains 70% of the capital. As of September 30, 2020, it is the 3rd largest economy of Europe, after the economy of Germany and the United Kingdom. ASW Corvette ‘Kavaratti’ 3. [54] In 2012 France was downgraded by ratings agencies Moody's, Standard&Poor's, and Fitch to the AA+ credit rating. Huge inequalities can also be found among cities. This form of increased dirigisme, was criticized as early as 1982. at €35 billion), which was considerably increased under the government of Prime Minister Jean-Pierre Raffarin, goes largely to the French arms industries. [79] The highly subsidised rail transport network makes up a relatively small portion of travel, most of which is done by car. [60], Research and development spending is also high in France at 2.26% of GDP, the fourth-highest in the OECD. France also provides agricultural exports to many poor African countries (including its former colonies) which face serious food shortages. However, the most popular site in France is Disneyland Paris, with 9.7 million visitors in 2017[69]. In 2019, France was listed on the United Nations's Human Development Index with a value of 0.901 (indicating very high human development) and 23rd on the Corruption Perceptions Index in 2019.[36][37]. 21/12/2020 The national carrier of France is Air France, a full service global airline which flies to 20 domestic destinations and 150 international destinations in 83 countries (including Overseas France) across all 6 major continents. In October 2020 compared with September 2020, seasonally adjusted production in the construction sector increased by 0.5% in the euro area and by 0.9% in the EU, according to first estimates from Eurostat, the statistical office of the European Union. PIB-ul Franței va suferi o contracție de 8% în 2020, preconizează ministrul francez al Economiei . France is also the most visited destination in the world, List of French regions and overseas collectivities by GDP, List of French inventions and discoveries, "World Economic Outlook Database, April 2019", "World Economic Outlook Database, October 2020", "People at risk of poverty or social exclusion", "Gini coefficient of equivalised disposable income – EU-SILC survey", "Employment rate by sex, age group 20–64", "Unemployment by sex and age – monthly average", "The unemployment rate fell from 8.5 % to 8.1 % in Q4 2019", Institut national de la statistique et des études économiques, "Average wage in France: net, gross, by sex, by CSP", "Salary after Tax Calculator – France (FR)", "Euro area and EU27 government deficit both at 0.6% of GDP", "Development aid rises again in 2016 but flows to poorest countries dip", "Moody's downgrades France's government bond ratings to Aa2 from Aa1; outlook changed to stable from negative", "France's credit downgraded to AA at Fitch Ratings – MarketWatch", "Tourism industry sub-sectors: COUNTRY REPORT – FRANCE". Several French corporations rank amongst the largest in their industries such as AXA in insurance and Air France in air transportation. According to this ratio, the French are the wealthiest in Europe. Despite being a widely liberalized economy, the government continues to play a significant role in the economy: government spending, at 56% of GDP in 2014, is the second-highest in the European Union. 2010's Global Wealth Report, p. 32: "Very few households in France are recorded as having less than US$1000 per adult". GOVERNANCE National Education Policy 2020 04 6. If the US Won't Sell You Weapons, France Might Still Hook You Up, Global Powers of Luxury Goods 2019: Bridging the gap between the old and the new, A Tour of the World's Fashion Capital: Paris, France, The King of Couture: How Louis XIV invented fashion as we know it, Fact Sheet: High Speed Rail Development Worldwide, "Frankfurt and Paris CDG lead global analysis of airports in S17", The 2019 Kearney Foreign Direct Investment Confidence Index: Facing a growing paradox, "International Comparisons of GDP per Capita, and per Hour, 1960–2011", https://data.oecd.org/lprdty/gdp-per-hour-worked.htm#indicator-chart, France: unemployment, a deep- rooted problem, Emmanuel Macron’s reforms are working, but not for him, Macron’s labour market changes begin to bear fruit, "More than 1 million protest French jobs law", "Harmonised unemployment rate by gender – total – % (SA)", "When the French clock off at 6 pm, they really mean it", "Gross domestic product (GDP) at current market prices by NUTS 2 regions", "Average annual population to calculate regional GDP data (thousand persons) by NUTS 3 regions", "Salaire moyen Neuilly-sur-Seine – 92200 (60501 habitants) : 4649 euros / mois par ménage – Tout savoir sur revenu moyen, salaire net, salaire brut et retraite par ville de France", "The 18 countries with the most millionaires", National Institute of Statistics and Economic Studies – Insee, Provisional Government of the French Republic, Trade-Related Aspects of Intellectual Property Rights, Special administrative regions of the People's Republic of China, Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, Organisation for Economic Co-operation and Development (OECD), Convention on the Organisation for Economic Co-operation and Development, https://en.wikipedia.org/w/index.php?title=Economy_of_France&oldid=996641005, World Trade Organization member economies, Articles with dead external links from December 2017, Articles with permanently dead external links, Articles with French-language sources (fr), Short description is different from Wikidata, Articles lacking reliable references from November 2019, All articles with vague or ambiguous time, Articles with unsourced statements from May 2018, Articles with unsourced statements from October 2020, Creative Commons Attribution-ShareAlike License, machinery and equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages, machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals, 60.9 TWh (11.1%) were produced by hydroelectric power generation, 52.4 TWh (9.5%) were produced by fossil-fuel power generation, 9.9 TWh (1.8%) by other fossil fuel generation (fuel oil and gases by-products of industry such as, 6.9 TWh (1.3%) were produced by other types of power generation (essentially.