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Economy and Banking Sector of France

France
Location
Western Europe
EU Status
member since 1952

France, a founding member of the European Union located in Western Europe, is one of the modern economies in the world and the second largest economy in Europe.

Currency
EUR (Euro)
Population  (2017)
67 024 459  (+0.01%)
Nominal GDP (2017)
2 287.6 bln EUR  (+0.03%)
Credit Ratings (as of May 2018)
AA/Aa2

Economy of France is diversified across many sectors: nuclear power, metallurgy, electronics, telecommunications, machinery, chemicals, aircraft, automobiles; textiles, food processing; and tourism.

Withholding tax rates in France are 0.0-30.0 %. France signed 113 double taxation agreements.
France signed the automatic information exchange agreement on 29 October 2014 and committed to start the automatic information exchange in September 2017.
France has FATCA agreement with the U.S. in effect since 14 November 2013 (Intergovernmental Agreement Model 1).

Number of Banks
545
Consolidated Banking Assets (2016)
7 215.96 bln EUR  (+3.97%)
Deposit Guarantee
100 000 EUR

Financial services and banking are important part of the economy. The major French banks: BNP Paribas, Credit Agricole and Societe Generale are among the largest banks in the world.

See Also