France Economy is doing well

France survived the 2008 economic recession better that most of the Euro-zone countries. This is due to minimal exposure to subprime loans debacle, and also conservative consumer and government spending. In respond to crises, a US$ 35 billion stimulus fund was released by the France Government in February 2009.

However, despite these, France GDP contracted by 2.1% in 2009, and unemployment increased from 7.4% to 10%.

France Government also created a US $25 billion strategic investment fund to prevent take over of French companies by foreign capitalists. It also proposed a US $52 billion fund as stimulus for investments in science and technology industries.

However, these stimuli and investment funds are straining France public finances, which accounts for 50% of France GDP. These also caused 2009 budget deficit to increase from 3.4 % to 8% of GDP.

GDP (purchasing power parity):
$2.113 trillion (2009 est.) -2.1% (2009 est.)

$2.158 trillion (2008 est.) 0.3% (2008 est.)

$2.152 trillion (2007 est.) 2.3% (2007 est.)

Labor force:
27.99 million (2009 est.)

Labor force - by occupation:
agriculture: 3.8%
industry: 24.3%
services: 71.8% (2005)

Unemployment rate:
9.7% (2009 est.)

7.4% (2008 est.)

Population below poverty line:
6.2% (2004)

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