Tourism France Economy

Tourism france tourism in numbers europe. The total contribution of travel and tourism represents 97 of gdp and supports 29 million jobs 109 of employment in the country.

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The government has partially or fully privatized many large companies but maintains a strong presence in such sectors as power public transport and defense.

Tourism france economy. Both domestic and international tourism have a significant impact on the french economy. Europe is the most important tourist region in the world. Additionally france is the most visited country in the world making tourism a prominent sector in the economy.

Compared to its peers the french economy endured the economic crisis relatively well. In 2016 travel and tourism contributed a total of 1983 billion euros to gdp in france while tourism employment created 28 billion jobs both directly and indirectly. Tourism in france directly contributed 777 billion euros to gross domestic product 30 of which comes from international visitors and 70 from domestic tourism spending.

Frances economy is diversified led by tourism manufacturing and pharmaceuticals. Frances leaders remain committed to a capitalism in which they maintain social equity by means of laws tax policies and social spending that mitigate economic inequality. According to unwto in 2006 nearly 55 of all international tourist arrivals 461 million were on the old continentsouthern europe and the mediterranean region are the favourite holiday destinations in europe.

France is the most visited country in the world with 89 million foreign tourists in 2017. Protected in part by low reliance on external trade and stable private consumption rates frances gdp only contracted in 2009. Frances real gdp grew by 19 in 2017 up from 12 the year before.

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