Lackluster growth to continue

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in July 2023.

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GDP USD2937bn (World ranking 7, World Bank 2021)
Population 67.5mn (World ranking 21, World Bank 2021)
Form of state Semi-presidential republic
Head of state Emmanuel Macron (President)
Next elections 2027, presidential and legislative
  • High quality infrastructure (eg. transport)
  • Many international corporate giants and growing presence of technological start-ups (‘French tech’)
  • Diversified economy
  • Numerous nuclear plants that make the country less vulnerable to energy shortages
  • Qualified engineers and strong export-oriented services
  • Low employment rate among youth and seniors
  • Growing inequalities despite costly redistribution
  • Lack of large SMEs that can bear the sunk costs associated with innovation and exports
  • Rent-based economy (eg. retail distribution, taxis)
  • Elevated level of public spending and questionable efficiency

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
Germany 14.0%
1
16.8% Germany
Italy 7.9%
2
10.7% Belgium
Belgium 7.6%
3
8.9% Netherlands
Spain 7.4%
4
8.3% Italy
United States of America 7.0%
5
7.8% Spain

Trade structure by product

(% of total, 2021)

Exports Rank Imports
Road vehicles 8.3%
1
10.2% Road vehicles
Medicinal and pharmaceutical products 6.8%
2
6.4% Petroleum, petroleum products and related materials
Electrical machinery, apparatus and appliances, n.e.s. 6.1%
3
6.0% Electrical machinery, apparatus and appliances, n.e.s.
Other transport equipment 5.9%
4
5.1% Medicinal and pharmaceutical products
Miscellaneous manufactured articles, n.e.s. 4.3%
5
4.8% Miscellaneous manufactured articles, n.e.s.
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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