France
The chemical industry is a key sector for France, helping to develop other manufacturing activities and contributing to economic growth. France's tourism industry is a major component of the economy, as France is the most visited destination in the world. The Country's natural resources are coal, iron ore, bauxite, zinc, potash, timber, and fish. It exports machinery and equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages. And it imports machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals.

Descreptive Data

Unemployment, %8.9
Ages 15-24 Population Ratio, %29.378
Population Over 65, %22.8
Net Migration Rate400002
EIU Country Risk Score27
Fitch Sovereign RatingAA
S&P Sovereign RatingAA
Moody's Sovereign RatingAa2
Big Mac Index5.14

Economic Data

2015201620172018
Ability to Pay
Budget Surplus/def (%GDP)-3.6%-3.4%-2.7%
Currency Reserves ex Gold (BLN USD)555655
GDP per Capita (USD)37613381783993342931
GDP Value (BLN USD)2435246625122783
Real GDP YOY%1%0.9%2.7%1.4%
Reserves 1Y Chg (%)11%1.7%-2.4%
Total External Debt (%GDP)96%96%97%
Total External Debt (BLN USD)234323772436
Inflation (Risk)
CPI (yoy %)0.08%0.3%1.2%
Trade Balance
Current Account (% of GDP)-0.4%
Exports (BLN USD)530525567
Imports (BLN USD)573572626
Unemployment Rate
Unemployment (%)10%10%9.1%8.9%

Financial Data

2015201620172018
Credit Market (Risk)
10Y Bond Spread (10Y UST)10.70.80.7
5Y CDS
Equity & Banking Sector (Risk)
1Y Price Change (%) (CAC Index)8.5%4.9%9.3%-11%
EIU Banking Risk272626
Foreign Exchange (Risk)
3 Month Deposit (%)-0.09%-0.4%-0.4%-0.3%
FX Vol - 3M Implied Vol9.9117.37.3
Historical 3M Volatility109.25.97
Real Effective Exchange Rate9798101102
Real Rates (%)-0.2%-0.7%-1.5%

Political Risk

2015201620172018
Political Risk Exposure
EIU Political Risk151820
Risk From Doing Business
Ease of Doing Business Rank27282931
Starting a Business Rank27252725
Risk From Government
WGI Control Of Corruption1.31.41.3
WGI Govt Effectiveness1.41.41.4
WGI Regulatory Quality1.21.11.2
WGI Rule Of Law1.41.41.4
Deviation of France's risk relative to Geo Peers
-100 = min risk100 = max risk,
Less RiskPeer AverageMore Risk