US diplomatic representation:
chief of mission: Ambassador Pamela C. HARRIMAN
embassy: 2 Avenue Gabriel, 75382 Paris Cedex 08
mailing address: PSC 116, APO AE 09777
telephone: [33] (1) 43-12-22-22
FAX: [33] (1) 42 66 97 83
consulate(s) general: Marseille, Strasbourg

Flag: three equal vertical bands of blue (hoist side), white, and red; known as the French Tricouleur (Tricolor); the design and colors are similar to a number of other flags, including those of Belgium, Chad, Ireland, Cote d'Ivoire, and Luxembourg; the official flag for all French dependent areas

Economy ———-

Economic overview: One of the four West European trillion-dollar economies, the French economy features considerable - albeit diminishing - state control over its capitalistic market system. In running important industrial segments (railways, airlines, electricity, telecommunications), administrating an exceptionally generous social welfare system, and staffing an enormous bureaucracy, the state spends about 55% of GDP. France has substantial agricultural resources and a diversified modern industrial sector. Large tracts of fertile land, the application of modern technology, and subsidies have combined to make it the leading agricultural producer in Western Europe. Largely self-sufficient in agricultural products, France is a major exporter of wheat and dairy products. The industrial sector generates about one-quarter of GDP, and the growing services sector has become crucial to the economy. Following stagnation and recession in 1991-93, French GDP expanded 2.4% in 1994 and in 1995. Persistently high unemployment still poses a major problem for the government, as will the need to cut back on welfare benefits and bureaucratic budgets. Paris remains committed to maintaining the franc-deutsche mark parity, which has kept French interest rates high at the expense of jobs. Although the pace of economic and financial integration within the European Union has slowed down, integration will remain a major force in France, shaping the fortunes of the various economic sectors over the next few years.

GDP: purchasing power parity - $1.173 trillion (1995 est.)

GDP real growth rate: 2.4% (1995 est.)

GDP per capita: $20,200 (1995 est.)

GDP composition by sector: agriculture: 2.4% industry: 26.5% services: 71.1% (1994)

Inflation rate (consumer prices): 1.7% (1995)

Labor force: 24.17 million
by occupation: services 61.5%, industry 31.3%, agriculture 7.2%
(1987)
note: includes Corsica