Page 31 - Turkinsurance Digital Magazine

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FRANCE

As one of the biggest economic powers in Europe, France is also among the global and
European leaders of insurance in terms of development level, premium volume and
employment.

France is the largest country in Western Europe and European Un- GDP per capita stands at 44.100 USD
ion in terms of land area, and has a population of 67.8 million peo-
ple. 80.4 percent of the population reside in urban areas, the largest France was the most visited country in the world with 89 million
one being Paris. It is followed by Lyon, Marseilles, Lille, Toulouse foreign tourists in 2017, and is also one of the world’s bigger econ-
and Bordeaux in terms of urban population density. The country is omies. Real growth rate of Gross Domestic Product (GDP) climbed
bordered by Belgium and Luxembourg to the north, Germany and to 2.3 percent in 2017, and unemployment rate was 9.4 percent.
Switzerland to the east, Italy to the southeast, and Spain to the However, unemployment rate of young population is 22.3 percent;
southwest. Its coastal line of 3.427 kilometer in length passes along while 14.2 percent live below the poverty line. In terms of contri-
the Mediterranean Sea, the English Channel, the Atlantic Ocean, bution to GDP, service sector takes the lead with 78.8 percent, fol-
and the North Sea. lowed remotely by industry with 19.5 percent and agriculture with
1.7 percent.
36.8 percent of the population is between
25-34 years old Volume of GDP is 2.588 trillion USD, and GDP per capita stands
at 44,100 USD. According to the statistics from CIA World Fact-
book, inflation rate of the country stands at around 1.2 percent.
Located in an ideal position for transportation to significant indus- Export volume at 601.7 billion USD
trial and commercial points, France is the 21st most crowded coun-
try in the world with a population of 67.8 million people. General
age average stands at 82, while average age of men is 78.9 and av- Selected indicators for France
erage age of women is 85.3. Literacy rate is 99 percent, and educa- Population 67,8 million
tional expenses account for 5.5 percent of the GDP. 4 percent of the
population is known to consist of Turkish people. Biggest share in GDP Per Capita 44,100 USD
population growth belongs to the immigrant flow which reaches an Unemployment rate 9,4%
annual number of approximately 150 thousand people. Most of the
immigrants become French citizens; Portuguese, Algerian, and Mo- GDP 2,588 trillion USD
roccan people constituting the majority of immigrant population. Inflation rate 1,2%
Number of insurance companies 260
36.8 percent of the population are young adults who are between 25
and 34 years old; while 20.4 percent are elderlies who are over 64. Total premium production in 2018 338.708 millions USD
18.3 percent are children between 0 and 14 years old, 12.5 percent Number of employees in insurance 146.800
are between 55 and 64, and 11.9 percent are between 15 and 24 sector
percent. Women account for 51 percent of the population, while
men are at 49 percent. Source: CIA, FFA, OECD