Main information about France
| Country name | Republic of French |
|---|---|
| The capital | Paris |
| Continent | Europe |
| Area | 643,801 km2 |
| Population (2022) | 67.9 million |
| The main language (official) | French |
| Currency | Euro |
| Economic indicators (2020) | France USD |
|---|---|
| GDP ( billion) | 2.8 |
| Growth in GDP (%) | 2.6 |
| GDP per capita | 40,964 |
| Unemployment rate (%) | 7.4 |
| Inflation rate (%) | 5.2 |
| Labor force (million) | 31.6 |
| Export ( billion) | 606.9 |
| Import ( billion) | 811.7 |
| Trade balance (billion) | -204.8 |
| Government debt as % of GDP (%) | 112 |
| Budget deficit as % of GDP (%) | -4.7 |
*Data source: World Bank.
France is ranked as the world’s seventh largest economic power,Where France experienced the largest economic contraction among the European Union countries in 2020, as it recorded negative goals by (8%), but the economy began to recover in 2021 and 2022, and as an indicator of the International Monetary Fund’s estimate, the gross domestic product reached 2.6% in 2022, With population growth expected in 2023, supported by foreign trade.
In 2022, France has worked to follow steps in the field of financial reform in which it far exceeds spending, including tax exemptions, social benefits, health care and subnational spending, in addition to fiscal measures, and the International Monetary Fund indicated that other reforms can enhance the potential growth, such as steps to accelerate the green transition, improving markets for products and services to enhance competitiveness, and efforts to develop workers' skills and increase the efficiency of the education system
France is seeking to develop a plan to reduce public debt at the beginning of the 2024 budget, as public debt in France for the first time crossed the threshold of three trillion euros in the first quarter of 2023, recording 112.5 percent of GDP, compared to 111.8 percent at the end of December 2022, and reached 112.5 percent of GDP. Government debt of 2022 GDP is approximately 113%, and the increase recorded in the first three months of 2023 is explained by the increase in state debt by about 48.6 billion euros, and the debt of social security agencies by 17.4 billion euros. The French government presented a more ambitious path to reduce debt and deficit By 2027, provided that debt reduction is accelerated to 108.3 percent of GDP in 2027 and the deficit to 2.7 percent, compared to 4.7 percent in 2022, and about 4.9 percent expected to be recorded in 2023.
| Year | Foreign Direct Investment
million USD |
|---|---|
| 2020 | 11,359 |
| 2021 | 30,885 |
| 2022 | 36,413 |
Source: United Nations Conference on Trade and Development (UNCTAD)
France is the 18th largest recipient of FDI in the world (losing three positions compared to 2019).
Luxembourg, the Netherlands, the United Kingdom and Switzerland are the main investors in France and represent more than 50% of the stock of FDI.
According to data published by the Bank of France, FDI stocks are mainly intended for the manufacturing industry, real estate, and for financial and insurance activities.
The Paris region has the largest concentration of multinational headquarters in Europe (Global 500 ranking from Fortune magazine). One of President Emmanuel Macron's goals is to attract more multinationals currently based in London.
The country is ranked 32nd out of 190 countries in the Doing Business 2020 report published by the World Bank (latest report). The country's assets are its position as the third European power, its highly qualified workforce, its vast industrial base, its agricultural resources, its world cultural reputation and its geographic location in the center of Europe.
In 2022, France ranked among the top 10 economies hosting foreign direct investment flows, and the flow of foreign direct investment in France for half of 2023 amounted to approximately 6,162 million US dollars, compared to 2022, which amounted to 36,413 million US dollars
| year | Export Million USD | Import Million USD | Total trade Million USD | Trade balance Million USD |
|---|---|---|---|---|
| 2020 | 204.2 | 23.3 | 227.5 | 180.9 |
| 2021 | 258.7 | 39 | 297.7 | 219.7 |
| 2022 | 339.5 | 50.1 | 389.6 | 289.3 |
*source: international trade center (ITC).
| The most critical French export to Jordan (2022) | Export value
Million USD |
|---|---|
| machinery and mechanical appliances | 71.5 |
| Pharmaceutical products | 35.5 |
| Perfumes or cosmetics | 27.4 |
| Cereals | 24.6 |
| The most critical French import from Jordan (2022) | Import value Million USD |
| Fertilisers | 17.5 |
| Products of clothing and accessories | 12.4 |
| Inorganic chemicals | 9.3 |
| Edible fruits and nuts | 1.6 |
*source: international trade center (ITC).
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