Thursday, April 11, 2013

France: Economy

Statistics
1. GDP- $2.58 trillion (2012 est)
2. GDP per capita- $35,500 (2012 est)
3. Life Expectancy- 81.46 years
4. Poverty Rate- 7.8% (2010)
5. Literacy Rate- 99%
6. Unemployment Rate- 10.3% (2012)
7. Inflation- 1.3% (2012 est)

Resources
1. Natural Resources- France is very limited in terms of coal, iron ores, bauxite and uranium.  France does not have much petroleum either.  On the other hand, France's soil is extremely rich, making growing food very profitable.  Because of that, France is a very large exporter of foods.  France borders the Bay of Biscay, the English Channel, and the Mediterranean Sea, all making water very accessible for agriculture.

2. Labor- 29.62 million people are employed in France (2012 est).  The school life expectancy in France is 16 years old.  According to wikipedia, "The French educational system is highly centralized, organized and ramified."  Overall, I would say that France is comparable to the United States when it comes to labor and schooling.

3. Capital- France is very advanced technologically.  France has approximately 45 million internet users as well as approximately 40 million telephone lines in use.  In addition, France has many airports and ports for transferring goods.  With that, France has approximately 30,000 km of railways used primarily for public transportation, but is also used for movement of goods.  Again, I would say that France is very comparable to the United States in terms of capital.  An advantage that France does have over the United States, however, is its close neighboring countries.  France borders Spain, Italy, Belgium and Germany, which makes imports and exports much easier than, let's say, the United States with only Canada and Mexico bordering.  France's water connections as well as land connections make movements of goods very easy.

References: https://www.cia.gov/library/publications/the-world-factbook/geos/fr.html
                   http://en.wikipedia.org/wiki/Education_in_France

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