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Government and Economy in France

The government of the French Republic is a semi-presidential system determined by the French Constitution of the Fifth Republic. The national government is divided into an executive, a legislative, and a judicial branch. The President shares executive power with his or her appointee, the Prime Minister.

 

With a GDP of $2.58 trillion, France is the world’s fifth-largest economy. It has substantial agricultural resources, a large industrial base, and a highly skilled work force. A dynamic services sector accounts for an increasingly large share of economic activity and is responsible for nearly all job creation in recent years. Principal French exports to the United States are aircraft and engines, beverages, electrical equipment, chemicals, cosmetics, and luxury products. France is the eighth-largest trading partner of the United States. Government economic policy aims to promote investment and domestic growth in a stable fiscal and monetary environment. Creating jobs and reducing the high unemployment rate has been a top priority of the government.