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||1950 - 2015
France is the fifth largest economy in the world and the second largest in the Euro Area. France has a large and diversified industrial and agricultural base which includes aircraft, military equipment, perfumes, pharmaceuticals, wine, beef and wheat production. France is also the most popular tourist destination in world and welcomes over 80 million foreign visitors per year. As such, the services sector contributes the largest share to global output (79 percent of total GDP). However, in recent years, France has been losing competitiveness and capacity to attract private investment due to rigid labour laws, high taxes and social contributions along with low levels of innovation. As a result, its export oriented industrial base gradually eroded creating a systemic trade deficit and increasing unemployment. Content for - France GDP Growth Rate - was last refreshed on Monday, July 6, 2015.