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30 country profile

Age Structure in France GDP, comparison by sector

1,7%

20,4% 18,3% 0-14 years 19,5%

15-24 years Agriculture
11,9% 25-34 years
12,5% Industry
55-64 years

65 years and over Services
78,8%
36,8%

Major agricultural products of France include wheat, grains, sug- 800 people. OECD statistics indicate that total gross premiums of
ar beet, potato, wine grapes, dairy products, bovine meat and fish; French insurance market reached 313.5 trillion USD as of 2019.
while most important industries in the economy are machinery,
chemicals, automobile, metallurgy, aircraft, electronics, textile, According to the same OECD statistics, country’s total gross premi-
food, business administration and tourism. ums stood at 338,708 million USD in 2018, 314,319 million USD
in 2017, 314,251 million USD in 2016, 250,873 million USD in
France has an export volume of 549.9 billion USD, and an import 2015, 294,033 million USD in 2014, 275,750 million USD in
volume of 601.7 billion USD. Major export products are related to 2013, and 258,641 million USD in 2012.
shipment, plastics, iron & steel, and pharmaceuticals; and signifi-
cant export partners are Germany, Spain, Italy, USA, Belgium and Distribution of insurance lines by their share in overall premiums
England. Major import products include machinery, crude oil, and are listed as follows: life insurance stands at 63.6 percent, sick-
aircrafts; while significant import partners are Germany, Belgium, ness and personal injury accidents insurance at 10.6 percent, auto
the Netherlands, Italy, Spain, England, USA and China. insurance at 10 percent, personal risks insurance at 4.9 percent,
business and agriculture insurance at 3.5 percent, general liability
French insurance market insurance at 1.7 percent, assistance at 1.2 percent, construction
insurance at 1.1 percent, financial risks at 0.9 percent, natural
According to Federation Française de I'Assurance’a (FFA), which disasters at 0.8 percent, legal protection at 0.7 percent, payment
is the insurance association of the country, 260 companies operate protection insurance at 0.6 percent, and transportation insurance
in the insurance market, providing employment for 146 thousand at 0.4 percent.

Gross insurance premiums in France (millions USD)

258.641 275.750 294.033 250.873 314.251 314.319 338.708

2012 2013 2014 2015 2016 2017 2018