Financial Services Report France 3rd Quarter

  • ID: 2202611
  • July 2015
  • Region: France
  • 22 Pages
  • The Economist Intelligence Unit
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The financial services sector accounts for 4% of France's GDP, according to Eurostat-less than the 4.9% across the EU as a whole, but significantly smaller than in countries with large, global financial centres like the UK (where the figure is 7.5%). About 780,000 people (2.9% of total employment) work in financial services in France, slightly more than the 2.6% throughout the EU.

France is home to global companies like BNP Paribas (banking) and AXA (insurance). However, such well-known firms are not dominant in all of the country's domestic financial markets, as they face strong competition from private, mutual and state-owned companies.

Operating conditions will be challenging in the near term, given the continuing weakness of the economy and the strengthening of regional and global regulatory requirements. Real GDP grew by just 0.2% in 2014, after a 0.7% increase in 2013. Subsequent indicators have not suggested that recovery is imminent. The Economist Intelligence Unit expects real GDP growth of 1.1% in 2015, a figure which is boosted modestly by the impact on real earnings of collapsing oil prices.

Industry List: Asset management, Financial Services, Banking, Financial Services, Financial markets and instruments, Financial Services, Financial regulation, Financial Services, Financial Services, Financial Services, Insurance
Industry Codes (NAIC): 52
Industry Codes (SIC): 60

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Financial Services Report France 3rd Quarter

Financial services report



Asset managers

Financial markets and instruments

Financial regulation
Regulatory watchlist

Monetary and currency policy: Monetary policy

Monetary and currency policy: Exchange rates

France at a glance

Fundamental indicators

Key contacts

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Note: Product cover images may vary from those shown


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