France : Selected Issues Paper

Publication Date: August 05, 2013
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Summary: This Selected Issues paper examines external developments and competitiveness in France. Over the past decade, the current account has deteriorated from a surplus of 1.2 percent of GDP in 2002 to a deficit of about 2.3 percent in 2012, as France lost ground in goods trade and services recorded just a slight increase in global market shares. The slight improvement of the trade deficit seen in 2012 may suggest a change in trend, although it is still too early to determine. Past deterioration in export performance points to competitiveness weaknesses, rooted in significant rigidities in labor and product markets.
Series: Country Report No. 13/252
Subject(s): Current account | Balance of payments | Exports | Global competitiveness | Economic growth | Fiscal consolidation | Selected issues | France

Publication Date: August 05, 2013
ISBN/ISSN: 9781484389133/1934-7685 Format: Paper
Stock No: 1FRAEA2013010 Pages: 84
US$18.00 (Academic Rate:
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