France: Selected Issues Paper

August 5, 2013

Preview Citation

Format: Chicago

France: Selected Issues Paper, (USA: International Monetary Fund, 2013) accessed December 22, 2024

Summary

This Selected Issues paper examines external developments and competitiveness in France. Over the past decade, the current account has deteriorated from a surplus of 1.2 percent of GDP in 2002 to a deficit of about 2.3 percent in 2012, as France lost ground in goods trade and services recorded just a slight increase in global market shares. The slight improvement of the trade deficit seen in 2012 may suggest a change in trend, although it is still too early to determine. Past deterioration in export performance points to competitiveness weaknesses, rooted in significant rigidities in labor and product markets.

Subject: Balance of payments, Current account, Expenditure, Exports, Fiscal consolidation, Fiscal policy, International trade, Production, Total factor productivity

Keywords: CA method, CR, Current account, D. Potential GDP, Europe, Expenditure ratio, Exports, Fiscal consolidation, France, France firm Peer comparison, Global, ISCR, Potential GDP, Potential GDP estimate, Potential GDP growth, Spending, Total factor productivity, Wage bill

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/252
Stock No:

1FRAEA2013010
ISBN:

9781484389133
ISSN:

1934-7685

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