Tourism, manufacturing, and pharmaceuticals lead France's diversified economy. The government has partially or fully privatized many large companies but maintains a strong presence in such sectors as power, public transport, and defense.
Agriculture. Starting in the late 1730s and early 1740s, and continuing for the next 30 years, France's population and economy underwent expansion. Rising prices, particularly for agricultural products, were extremely profitable for large landholders.
France is known all around the world for Paris and its monuments such as the Eiffel Tower and the Notre-Dame cathedral. French people are very passionate about their culture and art, which is showcased in many museums like the Louvre.
France is one of the world's largest economies and is currently at rank 7. If this is calculated per inhabitant, taking purchasing power parity into account, then France is in the list of the world's richest countries in place 26. Inflation in France in 2022 was around 5.22%.
Although diverse, the natural resources of France are relatively limited in quantity. France has some coal, iron ores, bauxite, and uranium; but the coal veins are deep and difficult to work and are unsuitable for use in the manufacture of steel.
Australia is considered a wealthy nation with a market-based economy that has a comparatively high gross domestic product and per capita income. Its economy is driven by the service sector and the export of commodities. [Explore the top universities in Australia.]
Luxembourg, the richest country in Europe
Luxembourg has a per capita GDP of $128,820 (IMF, 2023), making it the wealthiest country in Europe. The country is famous for its strong financial sector. Many international banks and investment firms are based in the capital of Luxembourg.
The Eiffel Tower in Paris, France. “People are drawn to France for the exquisite cuisine, culture, pure beauty of the country and, ultimately, the way they feel when there.
France Facts – 10 Fun and Interesting Facts!
Home to the Mona Lisa, The Eiffel Tower, Red Wine and much more, France is a cultural haven! With its language being spoken across the world, learning French is popular amongst millions of people!
Thus, the richest countries in the world are those with the highest GDP per capita. Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700. Other wealthy countries include Bermuda, Ireland, and Switzerland, all with GDP per capita above $80,000.
A rapidly growing population had outpaced the food supply. A severe winter in 1788 resulted in famine and widespread starvation in the countryside. Rising prices in Paris brought bread riots. By 1789 France was broke.
China, France, Russia, the United Kingdom, and the United States are often referred to as great powers by academics due to "their political and economic dominance of the global arena".
The ten poorest countries in Europe, based on GNI per capita, are Ukraine, Moldova, Albania, Republic of Macedonia, Bosnia and Herzegovina, Belarus, Serbia, Montenegro, Bulgaria, and Russia. Among the poorest countries in Europe, Ukraine ranks as the poorest with a GNI per capita of $3,540.
Liechtenstein: For quiet mountain exploring
This petite sliver of a country sits nestled in the mountains between Switzerland and Austria. Being so small it has no airport of its own, but access via road or rail from surrounding countries is a breeze. Despite this, it's Europe's least visited country.
Among all the states and territories in Australia, New South Wales is considered the richest state. It has the largest economy, a diverse range of industries, and a higher-than-average income, which contribute to its status as the wealthiest state.
When measured by average wealth, Australia is fourth behind Switzerland, the United States and Hong Kong, reflecting that wealth is more evenly distributed in Australia than in those countries. Australia had about 2.2 million millionaires (calculated in US dollars) in 2021, up from 1.8 million millionaires in 2020.
The richest Aussies live in Sydney, ATO data has found.
Double Bay took out the top spot, living up to its 'Double Pay' nickname, with residents of the 2028 postcode raking in an average annual income of $266,381.
France's main trade partners are the European Union (Germany being the 1st customer and supplier), the United States and China.
In Fourth Quarter 2022 the top imports of France were hydrocarbons (€23.4B), Motor vehicles, trailers and semi-trailers (€19.6B), Chemical products (€16.1B), Computer, electronic and optical (€15.9B), and n.e.c. machinery and equipment (€14.5B).
Fruits and vegetables, the main loss-making sector
However, France imports more fruit and vegetables than it exports. In 2021, more than seven billion euros worth of fruit and vegetables were imported, compared to roughly 2.5 billion euros exported.