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France
Chamber of Commerce Country Factsheet Last update: 19.06.2018

Your advisors at the Chamber of Commerce

  • Laurence Sdika
    +33145551337
  • Violaine Mathurin
    +352423939481
Contact us: europe@cc.lu

Key Indicators

Area
643,801 km2
Population
62,814,233 (July 2017 est.)
Government type
republic
Languages
French (official) 100%, declining regional dialects and languages (Provencal, Breton, Alsatian, Corsican, Catalan, Basque, Flemish, Occitan, Picard)
GDP
$2.826 trillion (2017 est.)
Growth rate
1.6% (2017 est.)
HDI
22
Capital
Paris

 

Introduction

France today is one of the most modern countries in the world and is a leader among European nations. It plays an influential global role as a permanent member of the United Nations Security Council, NATO, the G-7, the G-20, the EU, and other multilateral organizations. France rejoined NATO's integrated military command structure in 2009, reversing DE GAULLE's 1966 decision to withdraw French forces from NATO. Since 1958, it has constructed a hybrid presidential-parliamentary governing system resistant to the instabilities experienced in earlier, more purely parliamentary administrations. In recent decades, its reconciliation and cooperation with Germany have proved central to the economic integration of Europe, including the introduction of a common currency, the euro, in January 1999. In the early 21st century, five French overseas entities - French Guiana, Guadeloupe, Martinique, Mayotte, and Reunion - became French regions and were made part of France proper.

Source: The CIA World Factbook - France

 

Macroeconomic indicators

Economic growth is set to return to a solid pace of close to 2% over 2018-19 thanks to strong external demand and robust business confidence. Gradual corporate tax cuts and supportive financing conditions will underpin business investment growth. Lower labour taxes and labour market reforms should encourage job creation and boost household consumption and inclusiveness. Inflation is projected to pick up, supported by the firming of the economy and an increase in wages.

The fiscal stance is projected to be broadly neutral. High growth, lower wage and housing subsidies, as well as tighter controls on sub-central government spending, should broadly compensate a decline in household and business taxes. However, further cuts in non-priority spending and an improved effectiveness of social expenditures and infrastructure investment will be needed to sustainably finance lower taxes. At the same time, medium-term growth will depend on continuing to implement structural reforms to improve skills, reduce labour market segmentation and raise competitive pressures in services sectors.

Source: OECD - Economic Forecast

IMF Statistics:

 

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
0.6371.2741.3271.3491.578
Gross domestic product, current prices
U.S. dollars (Billions)
2,843.6732,420.1632,488.2842,570.0232,649.551
Gross domestic product per capita, current prices
U.S. dollars (Units)
44,444.84237,653.27638,536.70539,621.24040,661.158
Inflation, average consumer prices
Percent change
0.6130.0880.3461.0041.112
Volume of imports of goods and services
Percent change
4.7436.6332.2783.4434.294
Volume of exports of goods and services
Percent change
3.3346.1491.1953.6324.287
Unemployment rate
Percent of total labor force
10.31710.3839.8419.5949.295
Current account balance
U.S. dollars (Billions)
-30.294-4.832-11.515-9.729-8.349
Current account balance
Percent of GDP
-1.065-0.200-0.463-0.379-0.315
Colored cells are estimates

Source: IMF Statistics - France

 

Luxembourg and the country

Existing conventions and agreements

Non double taxation agreement

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 01.04.1958 (Memorial 1959, A No.43, p.1064)
  • Effective as of 01.01.1957 (Memorial 1959, A No.43, p.1064)
  • Amendment to the Convention from 08.09.1970 (Memorial 1971, A No.64, p.1756)
  • Effective as of 01.01.1971 (Memorial 1971, A No.64, p.1756)
  • 2nd Amendment to the Convention from 21.11.2007 (Memorial 2007, A No.213, p. 3698)
  • Effective as of 01.01.2008 (Memorial 2007, A No.213, p. 3698)
  • 3rd Amendment to the Convention from 03.06.2009 (Memorial 2010, A No.51, p.896)
  • Effective as of 01.01.2007 (Memorial 2010, A No.51, p.896)
  • 4th Amendment of the Convention from 05.09.2014 (Memorial 215, A No.232, p.5095)
  • Effective as of 01.01.2017 (Memorial 215, A No.232, p.5095)
  • Law from 22.01.2016 (Memorial 2016, A No.6, p.211)

Air Services agreement

  • Agreement from 29.03.1962 (Memorial 1965, A, p. 294 )
  • Effective as of 04.27.1965 (Memorial 1965, A, p. 969)

Source: Administration des contributions directes

 

Further information

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in France

Embassy of the Grand Duchy of Luxembourg in France

Ambassador: Mrs Martine SCHOMMER

33 Avenue Rapp
F-75007 PARIS
Tél.: (+33 -1) 45 55 13 37
Fax: (+33 -1) 45 51 72 29
E-mail: paris.amb(at)mae.etat.lu 
Source: paris.mae.lu

Economic and Commercial Attachée(AWEX):

Attaché économique et commercialMrs Véronique HUPPERTZ

3, Place Sébastien Brant
F-67000 Strasbourg 
Tel: +33-3-88.52.18.52
E-mail: strasbourg(at)awex-wallonia.com

Source: AWEX

Consul general

Consul General with jurisdiction in the Alsace region and the territory of Belfort:

Mr Stephan MULLER

65, allée de la Robertsau
F-67000 Strasbourg
Tel: +33 3 88 15 26 36
Fax: +33 3 88 15 26 37
E-mail: strasbourg.rp(at)mae.etat.lu 

Honorary consuls

Honorary Consul with jurisdiction in the regions of Charente, Charente-Maritime, Deux-Sèvres, Dordogne, Gironde, Landes, Lot-et-Garonne, Pyrénées-Atlantiques and Vienne:

Mr Hervé CREUZE

9 cours de Courgue
F-33000 Bordeaux
Tel: +33 5 56 52 14 26
Fax: +33 5 56 52 14 26
Email: Consulat.Luxembourg(at)wanadoo.fr   

Honorary Consul with jurisdiction in the region of Aisne, Ardennes, Aube, Haute-Marne, Marne, Nord, Oise, Pas-de-Calais and Somme: 

Mr Eric DELFLY

Vivaldi Avocats
120, rue de l’Hôpital Militaire 
F-59000 Lille
Tel: +33 3 28 52 00 01
Fax: +33 3 28 52 00 19
Email: edelfly(at)vivaldi-avocats.com

Honorary Consul with jurisdiction in the Region of Auvergne and Rhône-Alpes: 

Mr Gerard HERRBACH

6 Street Grolée
F-69002 Lyon
Tel: +33 4 78 88 76 70 
Fax: +33 4 72 01 02 10
Email: consulat.lux.lyon(at)gmail.com   

Honorary Consul with jurisdiction in the Region of the Alpes-de-Haute-Provence of the Bouches-du-Rhône of Var and of Vaucluse:

Mr Jean-Claude CAPUONO

327, Boulevard Michelet
F-13009 Marseille 
Tel: +33 4 91 32 1919
Fax: +33 4 91 31 1918
Email: jcc(at)ficrorec.fr 

Honorary Consul with jurisdiction in the Region of Meurthe-et-Moselle, Meuse, Moselle et Vosges :

Mr Jean-Claude SCHWARTZ

6, rue du 11 novembre
F-57950 Montigny-les-Metz
Tel: +33 3 87 63 10 75
Fax: +33 3 87 63 10 75
Email: jcs.consulat.lu(at)gmail.com

Honorary Consul with jurisdiction in the Region of Bretagne and Pays-de-Loire :

Mr Xavier CASSOU

9, rue du Chapeau Rouge
BP 61522
F-44015 Nantes Cedex 01
Tel: +33 2 40 73 11 90
Fax: +33 2 40 73 33 57
Email: cassou.picart(at)notaires.fr

Honorary Consul with jurisdiction in the Departments of Hautes-Alpes and of Alpes-Maritimes:

Mr Cyril DARY

400, Promenade des Anglais
F-06200 NICE
Tel: +33 06 01 74 87 80
Email: consulat.luxembourg.nice(at)gmail.com

Honorary Consul with jurisdiction in the Region of Languedoc-Roussillon and Midi-Pyrénées:

Mr Davy ATLAN 

26, rue St Antoine du T
F-31000 Toulouse
Tél: +33 5 62 30 44 59 
Fax: +33 5 61 23 64 31
Email: consulat.luxembourg.mplr(at)gmail.com


Source: Ministry of Foreign Affairs of Luxembourg

Country risk as defined by Office du Ducroire for France

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country risk for France

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