Page 27 - Turkinsurance Digital Magazine

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FRANCE

Being one of the greatest economic powers in Europe, France is one of the leading

countries all around the world and Europe in terms of the development, premium volume,
and employment of its insurance market as well

France has the largest surface area among the countries of Real growth rate of GDP increases up to
Western Europe and the European Union, with a population of 1.9 percent
67.3 million people. 80.4 percent of that population resides in
urban areas. Capital Paris is the biggest urban settlement of
the country, followed by Lyon, Marseille, Lille, Toulouse and France was the most visited country in the world with 89 million
Bordeaux in terms of population density. France is bordered by tourists in 2017. It is also one of the world’s biggest econo-
Belgium, Luxembourg to the north, Switzerland and Germany to mies. Real growth rate of the Gross Domestic Product (GDP)
the east, Italy to the southeast, and Spain to the southwest. With increased up to 1.9 percent in 2017, while unemployment rate
a coastline of 3,427 kilometers, France is also bordered by the stood at 9.4 percent. On the other hand, unemployment rate of
Mediterranean Sea, the English Channel, Atlantic Ocean, and young population is 22.3 percent. 14.1 percent of the population
the North Sea. live below the poverty line. Service sector gets the highest share
in GDP production rate with a share of 78.8 percent, followed
37.4 percent of the population are by industry with 19.5 percent and agriculture with 1.7 percent.
between 25 and 34 years old Size of France’s GDP is 2.588 trillion USD, while GDP per
capita stands at around 44,100 USD. According to CIA World
As a country with an ideal location for access to significant in- Factbook, inflation rate of France is approximately 1.2 percent.
dustrial and commercial points, France is the 21st most crowded
country with a population of 67.3 million people. Average age
of the people stands as high as 82; which is 78.9 for male and Selected indicators for France
85.3 for female population. It has a literacy rate of 99 percent,
and educational expenses account for 5.5 percent of its total Population 67,3 million
GDP. Turkish people living in France are known to constitute 4
percent of the population. Biggest share in the growth of French GDP Per Capita 44,100 USD
population belongs to immigration, which nearly equals to 150 Unemployment rate 9,4%
thousand people annually. Most of the immigrants are known to
take French citizenship; and Portuguese, Algerian and Moroccan GDP 2,588 trillion USD
people make up the biggest share among immigrant population.
Inflation rate 1,2%
37.4 percent of its population consists of people between 25 and Number of insurance companies 260
34 years old. 19.8 percent are elderlies older than 64, while 18.4
percent are children between 0 and 14 years old. 12.4 percent Total premium production in 2017 313,5 billion USD
are between 55 and 64, and 11.8 percent are between 15 and 24
years old. As of 2018, population growth stands at 0.37 percent. Number of employees in insurance 146.800
Women account for 51 percent of French population, and men sector
have a share of 49 percent.
Source: CIA, FFA, OECD