Tech Startup Growth Hacking 101 - Basics on Growth Marketing
France country report
1.
2. Main Industry Sectors
Economic Overview
Foreign Direct Investment [FDI]
FDI Government Measures
Country Strong Points
Country Weak Points
Foreign Trade Overview
3. France is the biggest agricultural power in the European Union, accounting for a quarter of
its total agricultural production, and the second agricultural power in the world after the United
States.
The agricultural sector only represents a very small part of the country's GDP.
France receives significant subsidies, especially from the European Union. Wheat, corn, meat
and wine are France's main agricultural products.
France's manufacturing industry is varied, however, the country is in the middle of
undergoing a de-industrialization process which translates into numerous relocations.
The key industrial sectors in France are telecommunications, electronics, cars, aerospace and
weapons.
The tertiary sector represents about three-fourths of the French GDP and employs almost
75% of the active workforce.
France is the leading-tourist destination in the world with more than 75 million foreign
tourists every year.
4. The international financial crisis of 2009 led France into a recession, the French
economy shrinking by 2.5%.
France has nonetheless resisted this development better than the eurozone
average, thanks to a more diversified economy a more solid banking system, as well as a
massive stimulus plan.
The GDP improved in 2010, with a growth estimated at 1.6% which should remain on
this low level throughout 2011.
The recovery was essentially driven by the resumption of international trade.
In the perspective of the next year's presidential election, the economic policy pursued
by the Sarkozy administration is focused on reclaiming the disgruntled electorate.
The government's priority is the restoration of public finances through a policy of
budgetary restraint.
France measures to promote return to work, investment and exports will also continue
to be pursued.
Due to the crisis, the unemployment rate, which is estimated at 10% in 2010, has
reached its highest level in 10 years.
5. France ranks third in the world in attracting Foreign Direct Investments.
Paris is the second city in the world, after Tokyo, in terms of establishment of multinational
headquarters.
France has about 500. Nevertheless, the country showed a decline in foreign investment due to the
deterioration of the international economic situation; this should however improve with the economic
recovery.
France's strengths include: its position as a fifth world's largest power, its highly skilled
workforce, industrial base and agricultural resources and its geographic location in the center of Europe.
6. Foreign companies enjoy the same government aid as French companies (aid
for productive investment, R&D, professional training, job creation, etc.).
The number of administrative formalities for foreign companies to settle in
France has been reduced.
To fight against the financial crisis, the French government has implemented
different measures: the economic prelaunch plan has committed the financing of
1,000 projects.
These investments bear on transport infrastructures, higher education and
research, State real estate property, housing and urban redevelopment and also
health.
Sarkozy's government has abolished the professional tax in order to
permanently stimulate investment.
France government established a strategic investment fund of EUR 20
billion, in Autumn 2008.
France aim: to buy stakes in industrial companies whose development is
essential to the French economy.
7. France is one of the world's ten economic powers.
France has quality infrastructures.
The work force is qualified and productive (second in Europe in terms of hourly
productivity).
France is an innovative country with an highly developed tertiary fabric.
8. The drawbacks of the French market are: one of the highest taxation rates
in the world, significant manpower costs, low competitiveness in some
sectors which can hinder the economies of scale. Research suffers from
insufficient collaboration between the public and private sectors.
9. France is one of the 10 leading exporters in the world, exports accounting for more than 50% of the
country's GDP.
France registers a strong trade deficit.
Imports are developing quickly, as the French population buys a lot of imported goods which are
sold relatively cheaply on the local market in comparison to products "Made in France".
France's efforts to favor innovation, French exports have relatively low added value.
In 2009, under the effects of the economic recession, both exports and imports devreased.
Exports, however, rebounded in 2010 with the resumption of Asian trade, and imports have risen
dramatically in response to the upturn in activity.
France's main trade partners are the European Union, the United States and China.
10. Visit us to download for related reports
Market Opportunities of products and Services in France.
Export and investment sector opportunities in France.
Overview of Trade Regulations, Customs and Standards France.
France Investment guide for beginners.
Business and Project Financing in France.
Business Travel Advisory in France.
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