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Facts about the economy of France

Image result for french economyImage result for french corporations

France is ranked as the world's sixth and Europe's second largest (behind Germany) economy.

France ranks world's fourth in the Fortune Global 500 and was rated by The Economist 'country of the year' in 2017.

France has a mixed economy of private and state enterprises with the latter owning the majority of the country's infrastructure (railway, electricity, aircraft, nuclear power and telecommunications).

France has an important aerospace industry led by the European consortium Airbus, and has its own national spaceport, the Centre Spatial Guyanais.

The French tourism industry is strong being the most visited country in the world. France also exports (and consumes) more wine than any other country - in fact champagne sales are often considered the unofficial indicator of the French economy.

Other notable industries include machinery, defence, ship building, chemicals, textiles and automobiles.

Key global French companies include L'Oreal, Veolia, Accor, JCDecaux, Michelin, Total and Air France.

The OECD has its headquarters in Paris.

The Paris stock exchange (La Bourse de Paris) is an ancient institution created by Louis XV.

French companies have maintained key positions in the insurance and banking industries eg. AXA is the world's largest insurance company and BNP Paribas ranking as the world's largest bank.

France is the smallest emitter of carbon dioxide among the most industrialized countries in the world, due to its heavy investment in nuclear power.

France started using the euro from its launch 1 January 1999, with it completely replacing the French franc in early 2002. Ten years on, the last day to exchange francs for euros was 17 Feb 2012.

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