France known as 3rd biggest economy of Europe and as the 7th largest economy in the world by GDP. The French economy video also discusses France exports, its economy's strengths, tourism and its impact on food and fashion industry, current account surplus and deficit, GDP to debt ratio and government spending, French industries, high corporate taxes, competitiveness against European Union states, gold reserves and productivity of French people.
The country famous for crispy-crusted Baguette, saying “Oh La La” a-lot, tour de France, Notre-Dame Cathedral, Eiffel Tower, the 3rd biggest economy of Europe and as the 7th largest economy in the world by GDP.
The country’s economy has four major components; Immensely strong businesses, immensely strong trade unions, immensely strong government, and last but not least, immensely strong people.
The people of France have a free education, a 35-hour work-week, six weeks’ annual vacation, paid parental leave, retirement age at 62, an attractive welfare safety net, and a free universal health care system. These rights were fought for by the people over the years.
You may have heard about the French always on strike. French while not completely saints, do NOT go on strikes as much as other countries, In fact, a lot less than how it is projected in the media. This French spirit cannot be understood without maybe understanding the French Revolution. Despite fine wines, delicious cuisine, high fashion, and hundreds of different cheese to choose from, the French are Les Misérables.
The topic of the French economy goes untouched without talking about its high unemployment rate. There has always been a correlation between the minimum wage and the unemployment rate. French work fewer hours compared to other countries, 35 hours a week. The minimum wage in France is 1,554 Euro which is one of the top five in the world.
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