First of all, I am neither French, nor German, nor American, but have been living in France for over 10 years and prior to that, another 10 years in Germany. Since entering office in May 2017, President Emmanuel MACRON launched a series of economic reforms to improve competitiveness and boost economic growth. France vs Germany.
France. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. The government plans to gradually reduce corporate tax rate for businesses from 33.3% to 25% by 2022. note: general government gross debt is defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year in the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); the general government sector comprises the sub-sectors of central government, state government, local government and social security funds; the series are presented as a percentage of GDP and in millions of euros; GDP used as a denominator is the gross domestic product at current market prices; data expressed in national currency are converted into euro using end-of-year exchange rates provided by the European Central Bank, note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions, note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area, note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders, among the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, automobiles, food and beverages, shipbuilding, textiles, machinery, chemicals, automobiles, metallurgy, aircraft, electronics; textiles, food processing; tourism, potatoes, wheat, barley, sugar beets, fruit, cabbages; milk products; cattle, pigs, poultry, wheat, cereals, sugar beets, potatoes, wine grapes; beef, dairy products; fish, motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, foodstuffs, textiles, rubber and plastic products, machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages, US 8.8%, France 8.2%, China 6.8%, Netherlands 6.7%, UK 6.6%, Italy 5.1%, Austria 4.9%, Poland 4.7%, Switzerland 4.2%, Germany 14.8%, Spain 7.7%, Italy 7.5%, US 7.2%, Belgium 7%, UK 6.7%, machinery, data processing equipment, vehicles, chemicals, oil and gas, metals, electric equipment, pharmaceuticals, foodstuffs, agricultural products, machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals, Netherlands 13.8%, China 7%, France 6.6%, Belgium 5.9%, Italy 5.4%, Poland 5.4%, Czechia 4.8%, US 4.5%, Austria 4.3%, Switzerland 4.2%, Germany 18.5%, Belgium 10.2%, Netherlands 8.3%, Italy 7.9%, Spain 7.1%, UK 5.3%, US 5.2%, China 5.1%, Household income or consumption by percentage share, Distribution of family income - Gini index, Stock of direct foreign investment - at home, Stock of direct foreign investment - abroad. Germany. 93. points. Geography Demographics Economy Infrastructure Quality of living.
However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. The German economy suffers from low levels of investment, and a government plan to invest 15 billion euros during 2016-18, largely in infrastructure, is intended to spur needed private investment. France's real GDP grew by 1.9% in 2017, up from 1.2% the year before. France is stuck in a major rut. The same day, the Munich institute Ifo lowered its growth forecast from 1.1% to 0.6% for the German economy… It’s unclear how the Brexit will damage the UK economy of course, and for sure it will have a huge impact for over a decade or two. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong economic growth and falling unemployment.
Europe's third biggest economy has suffered years of anemic growth, high unemployment and budget deficits, while neighbors such as Germany … Country comparison Germany vs France 2020 Country comparison, you can compare any two countries and see the data side by side. The economy of France is highly developed and free-market-oriented. However, if you dig deeper, you'll see that French politicians and French people have a taste for lashing them hard. 47 113.00$ 50 800.00$ The GDP per capita is calculated by dividing the total GDP by the number of people living in the country. If you listen to the crowd, yes Germany is great and France sucks. The Organization for Economic Cooperation and Development (OECD) is banking on GDP growth up 1.3% in France, against "only" 0.7% in Germany. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II. 96. points. German education supports both academic and practical skills. In 2017, the budget deficit improved to 2.7% of GDP, bringing it in compliance with the EU-mandated 3% deficit target. Europe's third biggest economy has suffered years of anemic growth, high unemployment and budget deficits, while neighbors such as Germany …
The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. France is stuck in a major rut. France is the most visited country in the world with 89 million foreign tourists in 2017. France's current population is 67.2 million (versus 82.6 million in Germany), but in 32 years' time, the European Commission forecasts a population of 74.3 million for France and just 74.7 million for Germany.
President MACRON campaigned on reforming France’s labor code and in late 2017 implemented a range of reforms to increase flexibility in the labor market by making it easier for firms to hire and fire and simplifying negotiations between employers and employees. Germany benefits from a highly skilled labor force, but, like its Western European neighbors, faces significant demographic challenges to sustained long-term growth. Here you have the comparison between Germany vs France 2020 GDP per capita. Thursday, March 14th, the Banque de France has established a growth forecast of 1.4% for 2019. ... Economy. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011 and in 2017 Germany reached a budget surplus of 0.7%.
The French economy is diversified across all sectors. France Germany; Economy - overview: The French economy is diversified across all sectors. The unemployment rate (including overseas territories) increased from 7.8% in 2008 to 10.2% in 2015, before falling to 9.0% in 2017. France’s public finances have historically been strained by high spending and low growth. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States).
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