France is the fifth largest economy in the world, in terms of GDP. The leading industrial sectors in France are telecommunications, aerospace and defense, ship building (naval and specialist ships), pharmaceuticals, construction and civil engineering, chemicals, and automobile production. With at least 75 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. (CIA World Factbook)
Key exchange rates:
Interest rate: 1%
Current inflation: 1%
Inflation target: 2%
Tax rate: 19.6%
Major French owned companies:
Total is one of France’s largest corporations and the world’s fourth largest publicly-traded integrated international oil and gas company. It operates in over 130 countries worldwide.
France Telecom is one of the world’s leading telecommunications operators, of which Orange is the key brand. France Telecom serves more than 177 million customers around the globe. It is also the number one provider of broadband internet services in Europe.
With 67 million clients worldwide, AXA, an insurance companies group, is a global leader in the financial protection market. The AXA Group encompasses five operating business segments: Life & Savings, Property & Casualty, International Insurance (including reinsurance), Asset Management and Other Financial Services.