Wednesday, August 27, 2008

France, some facts
Information for Buyers

FRANCE  Some Facts:

Geography:  Frequently known as l’hexagone because of its shape, mainland France has an overall area of approximately 547,000 km2 including about 2,000 km2 of water – about twice the size of UK.  France shares borders with Andorra, Belgium, Germany, Italy, Luxembourg, Monaco, Spain and Switzerland. The French coastline is some 3,427 km long.

Demography:  The population estimate for 2003 was about 60.2 million, very similar to that of the UK.  Overall population density is therefore about half that of UK.  The average age of the French population is very similar to the UK's at 38.3 years but France enjoys a higher birth rate and a lower death rate.  Infant mortality rates are lower in France when compared to the UK and the overall life expectancy is a little higher at 79.3 years (75.6 for men and 83.1 for women).

Language:  French is the universal language of France although there are some (declining) local dialects and indeed languages (Breton and Alsatian for example).

Economy:  The economy of France is in a slow transition from one featuring extensive state ownership and active intervention to one that is more market based.  Privatisation of key state owned industries and services is advancing but the government still seems reluctant to release certain important controlling share holdings.  The French government is now re-thinking the 35-hour week policy and is introducing pension reforms.  The generally high tax rates provide excellent benefits such as the best health service in the world, an enviable transport system and a nationwide education policy of high standards.   Currently the unemployment rate is about  9% .

France was a prime mover in the establishment of the European Monetary Union and has shared the Euro (€) as the common currency with the other founding members since January 1st 2002.