People who want to know
fact about France should aware of the fact that France is the largest country in Western Europe, encompasses a wide range of mounuments and natural sights with enriched historical culture and heritage.The other most important fact about France is that France is one of the econonomically developed countries.
French economic history
One most important fact about France is their overall economy structure. After the end of World war II, unemployment problems started rising and for the last few years, some social, economical and political disturbances affecting the overall economic growth of France. The technological innovations boosted the productions in almost every sectors. The combined effort of capital and technology helped in growing the labour productivity. Ultimately the industrial revolution reduced the problem of unemployment and increased the productivity. Involvement of working classes in agricultural sector also declined and eventually created the urban culture. From the year 1973 to 1979 the average GDP (Gross Domestic Product) growth was well below 3% per year.
Present economic scenario
The other important fact about France is that France is a member country of European Union (EU). That is why, the economic growth of France is diretly related with other member countries of EU.
The new employment policy promoted the performace of employment and the GDP growth rate was close to 3 percent per year. One of the very crucial fact about France is that the introduction of single currency (Euro) helped in cutting down the inflation rate.
Some key economic sectors of France
The fact about France is that the economical growth of France is directly proportional to some major key economic sectors like agriculture, industry, services, tourism, real estates, energy, transport and postal services.
- Agriculture: France has a congenial weather for agricultural development. The fact about France is that in terms of agricultural production rate, it is ahead of Germany and is the second largest exporter of agricultural products, behind US, producing 38 million tonnes of wheat and is the fourth largest wheat producer in the world. The other major crops include maize, oats, rye, sugar beet etc.
- Energy: The economy of France is largely dependent on the energy sector and it is more stable than two other leading countries like Italy and Japan. The major part of energy comes from nuclear energy. France is world's second largest nuclear energy producer. The other energy source are hydrocarbons, and unconventional energy sources.
- Industry: The fact about France is that it's economy is largely dependent on heavy industry like iron and steel, manufacturing, construction, automotive, locomotive etc.
