In recent years, the French economy ranks fifth in the world. It has a wide range of industrial and commercial base, and location at the heart of the world's largest market.
This report presents information to the company, on prospects of doing Chemical Industry business with France. It covers France's economy overviews, the industry profile, evaluates the French Chemical Industry's position of the international economy and the specific reasons to choose this country. It also provides lots of figures.
An in-depth analysis of French Chemical Industry is produced in this report. It will help the company to do the best course of action.
1. ECONOMY OVERVIEW
In the late 1990s, France's robust economy grew faster than the Europe's average.
Because of the restructuring, France becomes success in foreign trade.
Nevertheless, it still got two main problems. The first one is unemployment remaining high percentage, especially among the exclude immigrants and minorities from the mainstream of society.
The other one is the aging of the population; it causes the increase of pensions and medical care. Both problems are not only happen in France, but also exist in other developed countries.
However, the problems are not hindering the growth of French economy and the competitiveness leading sectors of industry.
1.1 ECONOMY GROWTH
The definition of economic growth is the growth of the real output of an economy over time. It can be measured based on an increase in real gross domestic product (GDP). Figure 1 shows French GDP grew by an annual average of 1.82% from 2000 to 2004. In the first quarter of 2005, it increased by 1.9%.
Figure 1: France - GDP - Real growth rate (%)
Source: Insee, quartenty national accounts
According to the report of French government, domestic demand grew by 0.2% q/q (quarter on quarter)...