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France Business Report

General information
Source: The World Factbook - Central Intelligence Agency
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Population
67 106 161
GDP (PPP)
$2.826 trillion (2017 est.)

Second largest economy in Europe after Germany

GDP growth rate
1.6% (2017 est.)

Low, although it has accelerated after years of very low growth

GDP (PPP) per capita
$43,600 (2017 est.)

High

Local currency
Euro (EUR)

Second most important currency in the world after the USD

Financial stability (Public debt)
96.1% of GDP (2017 est.)

High, however under control and slightly declining from the previous year (total public debt including subnational entities is included)

Inflation
1.2% (2017 est.)

Low, although it has accelerated from very low levels in the previous years

Language
French

English spoken only in Paris and other main urban areas

Corruption perception index (Source: Transparency International)
23/180

Low to medium level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

20% normal VAT rate under the rules of the EU system Three reduced rates apply: 10% (certain medicines), 5% (food products), 2.1% (other specific sales)
Corporate Tax

33.33% standard corporate tax rate (The standard rate will be reduced progressively down to 25% in 2022)
Duties

The import of goods from outside the EU is subject to custom duties according to the EU custom regulations

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