france vs germany economy

© 2020 CNBC LLC. Macron fought hard to show that it was not true that Germany was using its strong economic position to reinforce its EU's political dominance. The German media called that an "unsparing" attack on German leadership, and a serious turn of events at a time when Germany was commemorating the fall of the Berlin Wall. But last week, he sounded like he admitted to having failed in that important mission. (I won’t mention the effect of Brexit here, but see edit below!). A Division of NBCUniversal. Domestic consumption, investment, and exports are likely to drive German GDP growth in 2018, and the country’s budget and trade surpluses are likely to remain high. Sign up for free newsletters and get more CNBC delivered to your inbox. Got a confidential news tip? First, Berlin insists, directly or through its sidekicks at the EU Commission, on calling out Paris for excessive budget deficits estimated at 3.2% of GDP this year and 2.3% in 2020. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production. France's real GDP grew by 1.9% in 2017, up from 1.2% the year before. Europe's "demons haven't been banished, they are merely sleeping," recently retired president of the European Commission Jean-Claude Juncker warned six years ago. Here you have the comparison between Germany vs France 2020 Meanwhile, France's public debt rose from 89.5% of GDP in 2012 to 97% in 2017. note: data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt consists of treasury borrowings from surpluses in the social funds, such as for retirement, medical care, and unemployment; debt instruments for the social funds are not sold at public auctions, note: general government gross debt is defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year in the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); the general government sector comprises the sub-sectors of central government, state government, local government and social security funds; the series are presented as a percentage of GDP and in millions of euros; GDP used as a denominator is the gross domestic product at current market prices; data expressed in national currency are converted into euro using end-of-year exchange rates provided by the European Central Bank, note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro area, note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borders, Madagascar claims the French territories of Bassas da India, Europa Island, Glorioso Islands, and Juan de Nova Island; Comoros claims Mayotte; Mauritius claims Tromelin Island; territorial dispute between Suriname and the French overseas department of French Guiana; France asserts a territorial claim in Antarctica (Adelie Land); France and Vanuatu claim Matthew and Hunter Islands, east of New Caledonia. Low fertility rates and a large increase in net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Under those conditions, it is implausible to expect a notable decline of unemployment. Germany's population is now a quarter larger than that of France, the German economy is 38% bigger. Macron directly spoke or alluded to some of those problems last week. That's a considerable increase from a 14.1% poverty rate observed over the last three years. In addition to labor reforms, President MACRON’s 2018 budget cuts public spending, taxes, and social security contributions to spur private investment and increase purchasing power. The French economy is diversified across all sectors. It plays an influential global role as a permanent member of the United Nations Security Council, NATO, the G-7, the G-20, the EU, and other multilateral organizations. France's likely jobless rate of 8.5% will remain the fourth largest (after Greece, Spain and Italy) in the euro area. France today is one of the most modern countries in the world and is a leader among European nations. Here you have the comparison between United Kingdom vs France … At the moment, the French economy has stabilized around a quarterly growth rate of 0.3%, and the outlook for a 1.3% annual growth this year and next remains an optimistic scenario in view of a tightening fiscal policy. Macron apparently wanted to guarantee that "populists" and euroskeptics would not be able to dismantle his work. Commentary by Michael Ivanovitch, an independent analyst focusing on world economy, geopolitics and investment strategy. France’s public finances have historically been strained by high spending and low growth. His mediation efforts could now be needed more than ever, as the French President Emmanuel Macron seems to have lost patience in dealing with his German colleagues. That shows the Germans don't care that their economic policies are a large part of Macron's problems. Juncker was dubbed the "Hero of Dublin" by the international media for how well he handled the mediation between the other two leaders. At the same time, Macron's proposals about strengthening the European Union never had a chance; they were peremptorily rejected by Berlin. The risk is significant indeed. The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong economic growth and falling unemployment. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016, though the target was already reached in 2012. The decline of the USSR and the end of the Cold War allowed for German reunification in 1990. Youth unemployment in metropolitan France decreased from 24.6% in the fourth quarter of 2014 to 20.6% in the fourth quarter of 2017. Germany plans to replace nuclear power largely with renewable energy, which accounted for 29.5% of gross electricity consumption in 2016, up from 9% in 2000. He also proposed measures to anchor France and Germany into a quasi-irreversible European institutional structure. As Europe's largest economy and second most populous nation (after Russia), Germany is a key member of the continent's economic, political, and defense organizations. Militarily: Britain closely followed by France. Data is a real-time snapshot *Data is delayed at least 15 minutes. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. Facing the second half of his five-year term, Macron is caught up in a dead heat with the right-wing National Rally leader Marine Le Pen — a fervent euroskeptic and a virulent critic of what she sees as the French subservience to Germany. That bodes ill for general living standards. However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. To save his presidency and to beat back the challenge from his right-wing adversaries, Macron should focus on the economy, expand foreign markets for French goods and services, and leverage his current position of Europe's most credible political leader. France is by far Germany's largest euro area customer; its 40.1 billion euro deficit on German trades in 2018 accounted for nearly one-half of Berlin's trade surplus with … The German Government introduced a minimum wage in 2015 that increased to $9.79 (8.84 euros) in January 2017. metropolitan France: Western Europe, bordering the Bay of Biscay and English Channel, between Belgium and Spain, southeast of the UK; bordering the Mediterranean Sea, between Italy and Spain; French Guiana: Northern South America, bordering the North Atlantic Ocean, between Brazil and Suriname; Guadeloupe: Caribbean, islands between the Caribbean Sea and the North Atlantic Ocean, southeast of Puerto Rico; Martinique: Caribbean, island between the Caribbean Sea and North Atlantic Ocean, north of Trinidad and Tobago; Mayotte: Southern Indian Ocean, island in the Mozambique Channel, about halfway between northern Madagascar and northern Mozambique; Reunion: Southern Africa, island in the Indian Ocean, east of Madagascar. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Economic: Germany, followed by Britain & France or France & Britain, depending on what stats you refer to. ), Roman Catholic 28.2%, Protestant 26%, Muslim 5%, Orthodox 1.9%, other Christian 1.1%, other .9%, none 37%, French (official) 100%, declining regional dialects and languages (Provencal, Breton, Alsatian, Corsican, Catalan, Basque, Flemish, Occitan, Picard), 10.958 million PARIS (capital), 1.705 million Lyon, 1.603 million Marseille-Aix-en-Provence, 1.058 million Lille, 1.011 million Toulouse, 957,000 Bordeaux, 3.557 million BERLIN (capital), 1.791 million Hamburg, 1.521 million Munich, 1.108 million Cologne, 18 regions (regions, singular - region); Auvergne-Rhone-Alpes, Bourgogne-Franche-Comte (Burgundy-Free County), Bretagne (Brittany), Centre-Val de Loire (Center-Loire Valley), Corse (Corsica), Grand Est (Grand East), Guadeloupe, Guyane (French Guiana), Hauts-de-France (Upper France), Ile-de-France, Martinique, Mayotte, Normandie (Normandy), Nouvelle-Aquitaine (New Aquitaine), Occitanie (Occitania), Pays de la Loire (Lands of the Loire), Provence-Alpes-Cote d'Azur, Reunion, 16 states (Laender, singular - Land); Baden-Wuerttemberg, Bayern (Bavaria), Berlin, Brandenburg, Bremen, Hamburg, Hessen (Hesse), Mecklenburg-Vorpommern (Mecklenburg-Western Pomerania), Niedersachsen (Lower Saxony), Nordrhein-Westfalen (North Rhine-Westphalia), Rheinland-Pfalz (Rhineland-Palatinate), Saarland, Sachsen (Saxony), Sachsen-Anhalt (Saxony-Anhalt), Schleswig-Holstein, Thueringen (Thuringia); note - Bayern, Sachsen, and Thueringen refer to themselves as free states (Freistaaten, singular - Freistaat), while Bremen calls itself a Free Hanseatic City (Freie Hansestadt) and Hamburg considers itself a Free and Hanseatic City (Freie und Hansestadt), no official date of independence: 486 (Frankish tribes unified under Merovingian kingship); 10 August 843 (Western Francia established from the division of the Carolingian Empire); 14 July 1789 (French monarchy overthrown); 22 September 1792 (First French Republic founded); 4 October 1958 (Fifth French Republic established), 18 January 1871 (establishment of the German Empire); divided into four zones of occupation (UK, US, USSR, and France) in 1945 following World War II; Federal Republic of Germany (FRG or West Germany) proclaimed on 23 May 1949 and included the former UK, US, and French zones; German Democratic Republic (GDR or East Germany) proclaimed on 7 October 1949 and included the former USSR zone; West Germany and East Germany unified on 3 October 1990; all four powers formally relinquished rights on 15 March 1991; notable earlier dates: 10 August 843 (Eastern Francia established from the division of the Carolingian Empire); 2 February 962 (crowning of OTTO I, recognized as the first Holy Roman Emperor), Fete de la Federation, 14 July (1790); note - although often incorrectly referred to as Bastille Day, the celebration actually commemorates the holiday held on the first anniversary of the storming of the Bastille (on 14 July 1789) and the establishment of a constitutional monarchy; other names for the holiday are Fete Nationale (National Holiday) and quatorze juillet (14th of July), civil law; review of administrative but not legislative acts, 18 years of age; universal; age 16 for some state and municipal elections, Presidential majority Parties [Edouard PHILIPPE], Alliance '90/Greens [Annalena BAERBOCK and Robert HABECK], ADB (nonregional member), AfDB (nonregional member), Arctic Council (observer), Australia Group, BDEAC, BIS, BSEC (observer), CBSS (observer), CE, CERN, EAPC, EBRD, ECB, EIB, EITI (implementing country), EMU, ESA, EU, FAO, FATF, FZ, G-5, G-7, G-8, G-10, G-20, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IGAD (partners), IHO, ILO, IMF, IMO, IMSO, InOC, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MINURSO, MINUSMA, MINUSTAH, MONUSCO, NATO, NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, Pacific Alliance (observer), Paris Club, PCA, PIF (partner), Schengen Convention, SELEC (observer), SPC, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, Union Latina, UNMIL, UNOCI, UNRWA, UN Security Council (permanent), UNTSO, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO, ZC, ADB (nonregional member), AfDB (nonregional member), Arctic Council (observer), Australia Group, BIS, BSEC (observer), CBSS, CD, CDB, CE, CERN, EAPC, EBRD, ECB, EIB, EITI (implementing country), EMU, ESA, EU, FAO, FATF, G-5, G-7, G-8, G-10, G-20, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IGAD (partners), IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MINURSO, MINUSMA, NATO, NEA, NSG, OAS (observer), OECD, OPCW, OSCE, Pacific Alliance (observer), Paris Club, PCA, Schengen Convention, SELEC (observer), SICA (observer), UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMISS, UNRWA, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO, ZC, Ambassador Philippe ETIENNE (since 8 July 2019), Ambassador Emily Margarethe HABER (since 22 June 2018), three equal vertical bands of blue (hoist side), white, and red; known as the "Le drapeau tricolore" (French Tricolor), the origin of the flag dates to 1790 and the French Revolution when the "ancient French color" of white was combined with the blue and red colors of the Parisian militia; the official flag for all French dependent areas, three equal horizontal bands of black (top), red, and gold; these colors have played an important role in German history and can be traced back to the medieval banner of the Holy Roman Emperor - a black eagle with red claws and beak on a gold field, has not submitted an ICJ jurisdiction declaration; accepts ICCt jurisdiction, accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction, Gallic rooster, fleur-de-lis, Marianne (female personification); national colors: blue, white, red, eagle; national colors: black, red, yellow, machinery, chemicals, automobiles, metallurgy, aircraft, electronics; textiles, food processing; tourism, among the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, automobiles, food and beverages, shipbuilding, textiles, wheat, cereals, sugar beets, potatoes, wine grapes; beef, dairy products; fish, potatoes, wheat, barley, sugar beets, fruit, cabbages; milk products; cattle, pigs, poultry, machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages, motor vehicles, machinery, chemicals, computer and electronic products, electrical equipment, pharmaceuticals, metals, transport equipment, foodstuffs, textiles, rubber and plastic products, Germany 14.8%, Spain 7.7%, Italy 7.5%, US 7.2%, Belgium 7%, UK 6.7%, US 8.8%, France 8.2%, China 6.8%, Netherlands 6.7%, UK 6.6%, Italy 5.1%, Austria 4.9%, Poland 4.7%, Switzerland 4.2%, machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals, machinery, data processing equipment, vehicles, chemicals, oil and gas, metals, electric equipment, pharmaceuticals, foodstuffs, agricultural products, Germany 18.5%, Belgium 10.2%, Netherlands 8.3%, Italy 7.9%, Spain 7.1%, UK 5.3%, US 5.2%, China 5.1%, Netherlands 13.8%, China 7%, France 6.6%, Belgium 5.9%, Italy 5.4%, Poland 5.4%, Czechia 4.8%, US 4.5%, Austria 4.3%, Switzerland 4.2%, metropolitan France - .fr; French Guiana - .gf; Guadeloupe - .gp; Martinique - .mq; Mayotte - .yt; Reunion - .re, a mix of both publicly operated and privately owned TV stations; state-owned France television stations operate 4 networks, one of which is a network of regional stations, and has part-interest in several thematic cable/satellite channels and international channels; a large number of privately owned regional and local TV stations; multi-channel satellite and cable services provide a large number of channels; public broadcaster Radio France operates 7 national networks, a series of regional networks, and operates services for overseas territories and foreign audiences; Radio France Internationale, under the Ministry of Foreign Affairs, is a leading international broadcaster; a large number of commercial FM stations, with many of them consolidating into commercial networks, a mixture of publicly operated and privately owned TV and radio stations; 70 national and regional public broadcasters compete with nearly 400 privately owned national and regional TV stations; more than 90% of households have cable or satellite TV; hundreds of radio stations including multiple national radio networks, regional radio networks, and a large number of local radio stations, 15 km 0.900-m gauge, 24 km 0.750-m gauge (2015), 15322 km gas, 2939 km oil, 5084 km refined products, 37 km condensate, 26985 km gas, 2400 km oil, 4479 km refined products, 8 km water, North Sea - Wilhelmshaven Bremerhaven (Geeste) Duisburg, Karlsruhe, Neuss-Dusseldorf (Rhine) Brunsbuttel, Hamburg (Elbe) Lubeck (Wakenitz), Army (Armee de Terre; includes Foreign Legion), Navy (Marine Nationale), Air Force (Armee de l'Air (AdlA); includes Air Defense), National Guard (Reserves), National Gendarmerie (paramilitary police force that is a branch of the Armed Forces but under the jurisdiction of the Ministry of the Interior; also has additional duties to the Ministry of Defense), Federal Armed Forces (Bundeswehr): Army (Heer), Navy (Deutsche Marine, includes naval air arm), Air Force (Luftwaffe), includes air defense), Joint Support Service (Streitkraeftebasis, SKB), Central Medical Service (Zentraler Sanitaetsdienst, ZSanDstBw), Cyber and Information Space Command (Kommando Cyber- und Informationsraum, Kdo CIR), 18-25 years of age for male and female voluntary military service; no conscription; 1-year service obligation; women serve in noncombat posts, 17-23 years of age for male and female voluntary military service; conscription ended 1 July 2011; service obligation 8-23 months or 12 years; women have been eligible for voluntary service in all military branches and positions since 2001, source of precursor chemicals for South American cocaine processors; transshipment point for and consumer of Southwest Asian heroin, Latin American cocaine, and European-produced synthetic drugs; major financial center, nm (does not apply to the Mediterranean Sea), 200-m depth or to the depth of exploitation.

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