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France

Europe's Most Attractive Country


For the 5th consecutive year, France is the most attractive country in Europe. The "Barometer of France's Attractiveness" published by EY confirms it: France maintains its pole position in terms of attractiveness. In 2023, it was the destination of 21% of European foreign investment.

  • Most attractive European country for foreign investment in 2023 (EY, 2024)
  • #1 OECD country (in terms of public funding and tax incentives for business R&D (OECD, 2023))
  • More than 68 million consumers (as of January 1, 2023 (Insee, 2023))

Macroeconomic Indicators

GDP Growth Rate

France generally maintains a steady GDP growth rate. France's GDP in 2023 was approximately €2.8 trillion, making it the world's fifth-largest economy.

Social Security System

The social security system in France is one of the most developed in the world.

Inflation

France generally aims to keep inflation within a target range, ensuring price stability. In 2023, it was around 5.2%.

Current Account Balance

The current account balance, which measures the difference between a country's exports and imports, is an important indicator of France's economic performance.

Unemployment Rate

The French unemployment rate has been a significant concern in recent years. In 2023, it was around 7.4%, but it has varied over time.

Business Climate

The business climate in France, including factors like regulations, taxation, and labor market conditions, can influence economic activity.

Key Industries

Manufacturing  

France has a strong manufacturing base, with sectors like automotive, aerospace, and pharmaceuticals being significant contributors.

Services

The service sector, including tourism, finance, and technology, plays a crucial role in the French economy.

Agriculture

While agriculture's share of the economy has declined, it remains important, especially in certain regions.

Tourism

France is the country that hosts the most visitors in the world.

Energy

France has a mix of energy sources, including nuclear power, renewable energy, and fossil fuels.