France PESTLE Analysis & Macroeconomic Trends Market Research Report Launched from MarketResearchReports.com
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.
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