Diplomatic representation in the US: chief of mission: Ambassador Francois V. BUJON DE L'ESTANG chancery: 4101 Reservoir Road NW, Washington, DC 20007 telephone: [1] (202) 944-6000 FAX: [1] (202) 944-6166 consulate(s) general: Atlanta, Boston, Chicago, Houston, Los Angeles, Miami, New Orleans, New York, and San Francisco
Diplomatic representation from the US: chief of mission: Ambassador Felix G. ROHATYN 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 description: 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
@France:Economy
Economy-overview: One of the four West European trillion-dollar economies, France matches a growing services sector with a diversified industrial base and substantial agricultural resources. Services now account for more than 70% of GDP, while industry generates about one-quarter of GDP and more than 80% of export earnings. The government retains considerable influence over key segments of each sector, with majority ownership of railway, electricity, aircraft, and telecommunication firms. It nevertheless has been slowly relaxing its control over these sectors since the early 1990s, most recently selling 23% of France Telecom. The government also plans to sell its stakes in Air France and in the insurance, banking, and defense industries. Meanwhile, large tracts of fertile land, the application of modern technology, and subsidies have combined to make France the leading agricultural producer in Western Europe. A major exporter of wheat and dairy products, France is virtually self-sufficient in agriculture. The economy expanded by 2.3% last year, following a 1.3% gain in 1996. Persistently high unemployment still poses a major problem for the government, however, as does the need to control government spending to keep the economy internationally competitive and meet membership qualifications for the European Economic and Monetary Union (EMU) which is slated to introduce a common European currency in January 1999. Succeeding governments have shied away from cutting exceptionally generous social welfare benefits or the enormous state bureaucracy, preferring to pare defense spending and raise taxes to keep the deficit down. The JOSPIN administration has pledged both to lower unemployment and bring France into EMU, pinning its hopes for new jobs on economic growth and on legislation to gradually reduce the workweek from 39 to 35 hours by 2002.
GDP: purchasing power parity-$1.32 trillion (1997 est.)
GDP-real growth rate: 2.3% (1997 est.)
GDP-per capita: purchasing power parity-$22,700 (1997 est.)
GDP-composition by sector: agriculture: 2.4% industry: 26.5% services: 71.1% (1994)
Inflation rate-consumer price index: 2% (1996)