Diplomatic representation in the US:
chief of mission: Ambassador Jean-David LEVITTE
chancery: 4101 Reservoir Road NW, Washington, DC 20007
FAX: [1] (202) 944-6166
consulate(s) general: Atlanta, Boston, Chicago, Houston, Los
Angeles, Miami, New Orleans, New York, and San Francisco
telephone: [1] (202) 944-6000
Diplomatic representation from the US:
chief of mission: Ambassador Howard H. LEACH
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/or colors
are similar to a number of other flags, including those of Belgium,
Chad, Ireland, Cote d'Ivoire, Luxembourg, and Netherlands; the
official flag for all French dependent areas
Economy France
Economy - overview:
France is in the midst of transition, from a well-to-do modern
economy that has featured extensive government ownership and
intervention to one that relies more on market mechanisms. The
Socialist-led government has partially or fully privatized many
large companies, banks, and insurers, but still retains controlling
stakes in several leading firms, including Air France, France
Telecom, Renault, and Thales, and remains dominant in some sectors,
particularly power, public transport, and defense industries. The
telecommunications sector is gradually being opened to competition.
France's leaders remain committed to a capitalism in which they
maintain social equity by means of laws, tax policies, and social
spending that reduce income disparity and the impact of free markets
on public health and welfare. The current government has lowered
income taxes and introduced measures to boost employment. At the end
of 2002 the government was focusing on the problems of the high cost
of labor and labor market inflexibility resulting from the 35-hour
workweek and restrictions on lay-offs. The government was also
pushing for pension reforms and simplification of administrative
procedures. The tax burden remains one of the highest in Europe. The
current economic slowdown and inflexible budget items have pushed
the deficit above the EU's 3% debt limit. Business investment
remains listless because of low rates of capital utilization, high
debt, and the steep cost of capital.
GDP:
purchasing power parity - $1.558 trillion (2002 est.)
GDP - real growth rate:
1.2% (2002 est.)
GDP - per capita:
purchasing power parity - $26,000 (2002 est.)
GDP - composition by sector: agriculture: 3% industry: 26% services: 71% (2002 est.)
Population below poverty line: 6.4% (1999)