How bad is France’s economy?

Why does France have a bad economy?

The high level of corporate taxation in France is logically another of the principal causes of the falling competitiveness of French industry on the global market, and its growing trade deficit. These in turn contribute to France’s systemic problem of high unemployment.

How is France doing economically?

France’s economic freedom score is 65.7, making its economy the 64th freest in the 2021 Index. Its overall score has decreased by 0.3 point because of a decline in property rights and other scores. … This year, the French economy remains in the moderately free category where it has been since 2004.

What are the weaknesses of France?

WEAKNESSES

  • Insufficient number of exporting companies, loss of competitiveness and market share.
  • Weakening of the product range, insufficient innovation efforts.
  • Low employment rate of young people and senior citizens.
  • Room for improving the efficiency of public spending.
  • High public debt.
  • Growing private debt.

Who is richer UK or France?

France stands at $2.7 trillion, the UK at $2.2 trillion, Italy at $2.1 trillion.

What was the main problem in the French economy?

Unemployment is high and the government’s finances are weak. “France’s fundamental economic problem,” the OECD says, “is a lack of growth.” The latest figures for economic activity (gross domestic product or GDP) for the first quarter of the year show growth of 0.5%.

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Is France a powerful country?

China and Russia are the second and third most powerful countries, known for their military spending and vast physical expanse. China also has a large economy with a GDP of $14.3 trillion.

Most Powerful Countries 2021.

Power Rank 7
Country France
GDP $2.72 Tn
GDP per Capita $40,380
2021 Population 65,426,179

Is France a good place to live?

Welcome to France, voted the best place in the world to live for the fifth year in a row by International Living magazine, which has been analyzing data and publishing its annual Quality of Life Index for 30 years.