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INTRODUCTION In recent years the French economy ranks fifth in the world It has a wide range of industrial and commercial base and location at the heart of the worlds largest market This report presents information to the company on prospects of doing Chemical Industry business with France It covers Frances economy overviews the industry profile evaluates the French Chemical Industrys position of the international economy and the specific reasons to choose this country It also provides lots of figures An in-depth analysis of French Chemical Industry is produced in this report It will help the company to do the best course of action 1 ECONOMY OVERVIEW In the late 1990s Frances robust economy grew faster than the Europes average Because of the restructuring France becomes success in foreign trade Nevertheless it still got two main problems The first one is unemployment remaining high percentage especially among the exclude immigrants and minorities from the mainstream of society The other one is the aging of the population it causes the increase of pensions and medical care Both problems are not only happen in France but also exist in other developed countries However the problems are not hindering the growth of French economy and the competitiveness leading sectors of industry 11ECONOMY GROWTH The definition of economic growth is the growth of the real output of an economy over time It can be measured based on an increase in real gross domestic product GDP Figure 1 shows French GDP grew by an annual average of 182 from 2000 to 2004 In the first quarter of 2005 it increased by 19 Figure 1 France - GDP - Real growth rate Source Insee quartenty national accounts According to the report of French government domestic demand grew by 02 qq quarter
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