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France Country Report

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France – Country Report Table of Contents Executive Summary 3 Geographical Setting 4 Statistics 5 Economical Climate & Statistics 5 Historical/Political Factors 9 Cultural Factors 9 Legal System 11 Trade Related Issues 12 Barriers/Opportunities to Business 15 Recommendations 17 References 18 Executive Summary This report focuses on France as a nation for business investment. It begins with a broad overview of France’s geographical setting. Next, it discusses the country’s economic climate and high level economic statistics and compares it to those of Spain and Germany. Afterwards, the report covers more specific information like historical/political factors, cultural factors, legal environment as well as …show more content…

Total trade for 2009 amounted to $1,033 billion, 61% of which was with EU-27 countries. The nation’s government economic policy is to promote investment and domestic growth in a stable fiscal and monetary environment. Its top priority is to create jobs and reduce the high unemployment rate. The unemployment rate in metropolitan France increased to 9.5% in the first quarter of 2010, up from 9.2% in the third quarter of 2009. The government’s fiscal and monetary environment definitely is in goodwill of any business to be set up. The government continues to control a large share of economic activity: Government spending, at 55.6% of GDP in 2009, is among the highest in the G-7. The government continues to own shares in corporations in a range of sectors, including banking, energy production and distribution, automobiles, transportation, and telecommunications. France has been very successful in developing dynamic telecommunications, aerospace, and weapons sectors. * The following table show France’s GDP statistics over the recent years: Year | 2000 | 2005 | 2006 | 2007 | 2008 | GDP (BillionUSD) | 1 534.85 | 1 869.38 | 1 953.37 | 2 071.78 | 2 121.72 | GDP per capita (current prices and PPPs) | 25 275.59 | 29 692.49 | 29 692.49 | 32 494.62 | 33 089.79 | Real GDP Growth (Annual growth in %) | 3.91 | 1.90 | 2.22 | 2.3 | 0.43 | Figure [ 3 ]. Source: OECD Stat Extracts,

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