Economy of France

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$2.113 trillion

France is the world's fifth largest and wealthiest economy [3]. It is the second largest economy in Europe in nominal terms[3]. France's economy entered the 2008-2009 recession later and left it earlier than most comparable economies, only enduring four quarters of contraction. As of September 2010, France's economy has been growing continuously since the second quarter 2009.[4]


France's world leading corporations

With 39 of the 500 biggest companies of the world in 2010, France ranks 4th in the Fortune Global 500, behind the USA, Japan and China, but ahead of Germany and the UK. Paris is the second most important localisation for the world's 500 biggest companies' headquarters (only to Tokyo). There is more Fortune Global 500's headquarters in Paris than in New York, London, Shangai, Beijing or Frankfurt [5].

French companies are ranking as leading firms in each and every major strategical economic sectors[6]:

AXA is the world's largest insurance company; Air France is the world's largest airline company; L'Oreal is the world's biggest cosmetic company; LVMH and PPR are the world's 1st and 2nd largest luxury companies; GDF-Suez is the world's largest energy company; EDF is the world's largest utility company; Areva is the world's nuclear-energy leader; Veolia Environnement is the world's largest environmental services and water management company; VINCI, Bouygues and Eiffage are respectively world's 1st, 2nd and 4th building and public work companies; Michelin is the world's pneumatic leader; Lafarge is the world's largest cement company; JCDecaux is the world's largest outdoor advertising corporation; EADS is the world's second aerospacial company; BNP Paribas, Credit Agricole and Societe Generale are respectively the world's 1st, 6th and 8th biggest banks in assets in 2010[7]; Total is the world's fourth largest private oil company; Danone is the world's fifth largest food company and the world's largest mineral water provider; Sanofi Aventis is the world's fifth largest pharmaceutical company; Publicis is the world's third largest advertising company...

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