France economy is the fifth largest in the world. Currently, services are the main contributor to the country’s economy with over 70% of GDP. France is one of the global leader in the automotive, aerospace and railway sectors as well as in cosmetics and luxury goods. Furthermore, France has a highly educated labor force and the highest number of science graduates.
France industry is dominated by the manufacturing sector, which develops products such as consumables, items related to automobile industry, electronic goods and intermediate goods. French exports are world famous, including world leaders in areas such as perfumes, high fashion, farm produce, wine, beer, air craft & nuclear technology.
French economy is competitive on a global scale in many goods and services sectors. Globalization which involves the market forces of Europe, has led the country to think about modernization in agriculture. French is not very rich in natural resources, other than bauxite. The French agricultural sector receives almost 11billion Euros in EU subsidies.
Its competitive advantage is mostly linked to high quality and better service. Although there is a threat from countries with low labor costs, French textile products are among the best in the world. Currently, the French economy is stronger and more competitive in the world markets than ever before.
FRANCE EDUCATION EXPERTS