France is the most visited country in the world and enjoys the third largest global income from tourism. The nation’s leaders are committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that mitigate economic inequality.
The French economy is diversified across all sectors. The government has partially or fully privatised many large companies, including Air France, France Telecom, Renault and Thales. Nevertheless, the government maintains a strong presence in some sectors, particularly power, public transport and defence industries.
In accordance with its European Union (EU) obligations, France is targeting a post-recession budget deficit of 3.6% of GDP for 2014 and 2.8% in 2015.l spending that mitigate economic inequality.
Composition of GDP (2013)