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    France - Economy
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    How is the economy of France? Based on the information we have, France has a <p>high-income, advanced EU economy and eurozone member; strong tourism, aircraft manufacturing, pharmaceuticals, and industrial sectors; high public debt; ongoing pension reform efforts; transitioning to a green economy via "France 2030" strategy</p>. Key agricultural products in this country include: wheat, sugar beets, milk, maize, barley, potatoes, grapes, rapeseed, pork, sunflower seeds (2023).
    More about the economy of France
    Labor force 31.725 million (2024 est.)
    Industrial production growth rate 0.7% (2024 est.)
    Industries machinery, chemicals, automobiles, metallurgy, aircraft, electronics, textiles, food processing, tourism
    Population below poverty line 15.6% (2021 est.)
    Taxes and other revenues 23.1% (of GDP) (2023 est.)
    Fiscal year N/A
    Exchange rates
    Currencyeuros (EUR) per US dollar -
    Exchange rates 20240.924 (2024 est.)
    Exchange rates 20230.925 (2023 est.)
    Exchange rates 20220.95 (2022 est.)
    Exchange rates 20210.845 (2021 est.)
    Exchange rates 20200.876 (2020 est.)
    Reserves of foreign exchange and gold
    Reserves of foreign exchange and gold 2024$282.857 billion (2024 est.)
    Reserves of foreign exchange and gold 2023$240.792 billion (2023 est.)
    Reserves of foreign exchange and gold 2022$242.416 billion (2022 est.)
    Current account balance
    Current account balance 2024$12.382 billion (2024 est.)
    Current account balance 2023-$30.334 billion (2023 est.)
    Current account balance 2022-$33.069 billion (2022 est.)
    Public debt
    Public debt 202398.5% of GDP (2023 est.)
    Budget
    Revenues$1.29 trillion (2023 est.)
    Expenditures$1.447 trillion (2023 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 20241.2% of GDP (2024 est.)
    Remittances 20231.2% of GDP (2023 est.)
    Remittances 20221.2% of GDP (2022 est.)
    Household income
    Lowest 10%3% (2022 est.)
    Highest 10%24.6% (2022 est.)
    Average household expenditures
    On food12.6% of household expenditures (2023 est.)
    On alcohol and tobacco3.5% of household expenditures (2023 est.)
    Imports
    Imports 2024$1.074 trillion (2024 est.)
    Imports 2023$1.094 trillion (2023 est.)
    Imports 2022$1.092 trillion (2022 est.)
    Imports (partners)Germany 15%, Belgium 11%, Netherlands 9%, Spain 8%, Italy 8% (2023)
    Comodities Imports forcecars, natural gas, crude petroleum, refined petroleum, garments (2023)
    Exports
    Exports 2024$1.071 trillion (2024 est.)
    Exports 2023$1.05 trillion (2023 est.)
    Exports 2022$1.021 trillion (2022 est.)
    Exports (partners)Germany 11%, Italy 9%, USA 8%, Belgium 8%, Spain 7% (2023)
    Comodities Exports forceaircraft, cars, packaged medicine, gas turbines, vehicle parts/accessories (2023)
    Real GDP (purchasing power parity)
    Real GDP (purchasing power parity) 2024$3.732 trillion (2024 est.)
    Real GDP (purchasing power parity) 2023$3.689 trillion (2023 est.)
    Real GDP (purchasing power parity) 2022$3.655 trillion (2022 est.)
    GDP (official exchange rate)$3.162 trillion (2024 est.)
    Real GDP Per capita
    Real GDP per capita 2024$54,500 (2024 est.)
    Real GDP per capita 2023$54,000 (2023 est.)
    Real GDP per capita 2022$53,700 (2022 est.)
    GDP - composition, by sector of origin
    Agriculture1.4% (2024 est.)
    Industry17.5% (2024 est.)
    Services70.4% (2024 est.)
    GDP - composition, by end use
    Household consumption53.4% (2023 est.)
    Government consumption23.1% (2023 est.)
    Investment in fixed capital23.1% (2023 est.)
    Investment in inventories0.1% (2023 est.)
    Exports of goods and services34.3% (2023 est.)
    Imports of goods and services-36.3% (2023 est.)
    Unemployment rate
    Unemployment rate 20247.4% (2024 est.)
    Unemployment rate 20237.4% (2023 est.)
    Unemployment rate 20227.4% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total16.6% (2024 est.)
    Male17.1% (2024 est.)
    Female16% (2024 est.)
    All Important Facts about France

    Want to know more about France? Check all different factbooks for France below.

    France is found in Western Europe