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FRANCE

As one of the strongest economic powers of Europe, France stands out within European
insurance market with its development, premium production and employment rates

France occupies the largest surface are in Western Europe and 0 and 14 years old, 12.42 percent are between 55 and 64 years
European Union with a population of 67.1 million, 77.4 per- old, and the remaining 11.79 percent are between 15 and 24
cent of which reside in urban areas. Largest urban residence of years old. Population growth rate for 2017 is estimated to be
France is Paris, the capital that accommodates 16 percent of its 0.39 percent.
population. In terms of population density, Paris is followed by
Marseilles, Lyon, and Nice, respectively. With a total boundary As one of the world’s biggest economies, France ranks 6th in
length of 2,889 kilometers, France is bordered by Belgium and terms of Gross Domestic Product, following USA, China, Japan,
Luxembourg in north, Germany and Switzerland in east, Italy Germany and United Kingdom as of 2015. Its greatest problems
in southeast and Spain in southwest. Enjoying the waters of the are low economic growth rate, increasing unemployment due to
Atlantic Ocean, the English Channel, the Mediterranean and the delocalization, budget deficits and social security systems. As to
North Sea; France is endowed with a huge coastline that runs the share of sectors in the Gross Domestic Product, service sec-
3,427 kilometers. tor gets the highest share with 79 percent; followed by industrial
sector with 19.4 percent and agriculture with 1.6 percent.
France plays an influential global role as a permanent member of
the United Nations Security Council, NATO, the G-7, the G-20, France’s real GDP grew by 1.6% in 2017
the EU, and other multilateral organizations. Also, France is the
most visited country in the world with 83 million foreign tourists France's real GDP grew by 1.6 percent in 2017, up from 1.2 per-
in 2016, including 530,000 visitors for the 2016 Euro Cup.
cent the year before. The unemployment rate (including overseas
territories) increased from 7.8 percent in 2008 to 10.2 percent
France is the second most populated in 2015, before falling to 9.5 percent in 2017. Youth unem-
country of Europe ployment in metropolitan France decreased from 24.6 percent

Selected indicators for France
Located in an ideal position for easy access to significant indus-
trial and commercial points, France is known as Europe’s second Population 67,1 million
most populated country after Germany with a population of 67.1 GDP Per Capita 38,375 USD
million. Its general average of age stands at 82 and literacy rate
is 99 percent. Turkish people living in France account for 4 per- Unemployment rate 9,50%
cent of the country’s population. Approximately 150 thousand GDP 2,575 trillion USD
immigrants come to the country every year, making the biggest
contribution to the population growth. Major part of those im- Inflation rate 1,20%
migrants are known to acquire citizenship; Portuguese, Algerian Number of insurance companies 280
and Moroccan immigrants constituting the largest part of the Total premium production in 327,3 million USD
immigrant population.
2016
37.8 percent of French population consists of young adults who Number of employees in insurance 150.000
are between 25 and 34 years, while 19.5 percent consists of el- sector
derlies who are 65 and older. 18.5 percent are children between
Source: OECD, CIA, FFA