Summary of the economy in France

France is in the middle of the well-to-do modern economy and the one relies more on market mechanisms. The well-to-do modern economy has more ownership and intervention empowered to a country’s government. The government also full or partial own the large companies, specific sectors, public transport, and defense industries.
France is one of the most popular countries in the world for visiting, with more than 75 million foreign tourists a year. Income from tourists contributes majority to its GDP.
Due to the influence of tourists all over the world, France’s economic is affected a lot by the changing of the worldwide economic. By the grafts in the previous article, we can easily recognize that, the unemployment rate and inflation rate was changing magically from 2000 and 2009, as well as the growth rate of GDP. A recession first hits Unite State then became worldwide occurred at the end of 2008. Since that time, the unemployment rate jumped to a high range as well as the inflation rate.
In brief, as a midst well-to-do modern economy, France is capable adjust itself during the recession or inflation. However, France also needs rely on its market mechanisms.
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