The country had the seventh largest economy in the world, with services being the main contributor to the country’s economy. France was also a global leader in the automotive, aerospace and railway sectors as well as in cosmetics and luxury goods. In 2018, the level of GDP growth stood at 3.8%.
GDP Deflator rates in the country has fluctuated widely over the past 18 years, largely following the rises and falls of GDP and IPI. In 2018 the country’s inflation rate stood at 2.04%.
Within the 2018-2023 timeframe, gasworld business intelligence predict growth from 3.6% p.a. in a low scenario to 4.4% p.a. in a high scenario. Accordingly, the industry in France is expected to achieve revenues of between $3.06bn to $3.18bn by 2023.
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