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Summary of Country Report

France - May 2011

 Map of France


Insolvency

  • Corporate insolvencies will decrease by 5% year-on-year in 2011, to 49,000 cases. The median Expected Default Frequency (EDF) for French listed companies is now lower than in August 2008, i.e. before the credit crisis started.

The economy

  • The French economy will grow by a modest 1.6% year-on-year in 2011, as domestic consumption growth will be subdued and external demand will decrease.
  • The overall business climate improved further in April 2011, with turnover and orders in manufacturing and production continuing to grow in early 2011.

Real GDP growth (%)
(Quarter-on-Quarter percentage change)

Chart: France Real GDP Growth (%)

Source: INSEE

Insolvency trend France
(1-year trailing sum of insolvency counts based on monthly data)

Chart: France Insolvency Trend

 Source: INSEE

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General Information

Capital: Paris
Currency: Euro (EUR)
Population: 64.7 million
 
Main import sources (2009)

  • Germany: 18.3%
  • Belgium: 8.4%
  • Italy: 8.1%
  • China: 7.7%
  • Spain: 7.6%

Main export markets (2009)

  • Germany: 16.0%
  • Italy: 8.2%
  • Spain: 7.8%
  • Belgium: 7.4%
  • UK: 7.1%

 _________________
Date: May 2011

 

 

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