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32 country profile

Age Structure in France GDP, comparison by sector

1,6%

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

15-24 years Agriculture
Industry
12,4% 11,8% 25-34 years
55-64 years Services
65 years and over 79,0%
37,8%

Source: C.I.A. Source: C.I.A.

Despite measures to restore public finances, the budget deficit
Shares of insurance branches in France rose from 3.3 percent of GDP in 2008 to 7.5 percent of GDP
in 2009. In 2017, the budget deficit improved to 2.9 percent of
GDP, bringing it in compliance with the EU-mandated 3 per-
Motor cent deficit target. Meanwhile, France's public debt rose from
20,8% Multi risk home 89.5 percent of GDP in 2012 to 96.9 percent in 2017.

46,6% Business and agricultural property
10,3% Natural disasters As of the end of 2016, there were 1,434 French capital com-
panies operating in Turkey. Between 2002 and 2016, total in-
Construction vestment by French companies in Turkey reached 6 billion 850
7,6% Assistance million USD; during which France was the 10th country among
1,6% General liability foreign direct investors in Turkey. Approximately 50 compa-
0,9% 2,1% Legal protection nies were operating in Turkey as of 2016. Between the period
of 2002 and 2016, total investment of Turkish companies in
Credit surety France reached 187 million USD. Number of French tourists
2,0% 2,1% that visited Turkey during 2016 decreased to 555,151; down by
Financial losses
1,1% Transport 34.48 percent compared to 2015.
1,3% 3,6%
Other Insurance market in France
Source: FFA (2016)
According to France’s insurance federation, Federation
in the fourth quarter of 2014 to 24 percent in the fourth quar- Française de I'Assurance, 280 companies operate in French in-
ter of 2016. With a GDP standing at 2.575 trillion USD, GDP surance market; creating employment for 150 thousand people.
per capita in France is 28.375 USD. The unemployment rate OECD statistics indicate that total volume of written premiums
currently stands at 9.5 percent; and French government takes has reached 327.3 trillion USD as of 2017.
several precautions to support sectors and companies struggling
with problems. Especially construction and automotive sectors According to OECD, total premium volume written in France as
receive direct and indirect financial support, as the government’s of 2016 stood at 327,320 million USD. Premium volume was
basic approach is to achieve economic growth by increasing in- 250,772 million USD in 2015, 293,641 million USD in 2014,
vestments. According to the statistics of CIA World Factbook, 275,671 million USD in 2013, 258,66 million USD in 2012 and
inflation rate in France is around 1.20 percent. 288,703 million USD in 2011.