Economic surveys and country surveillance

Economic Survey of France 2013

 

OECD Economic Surveys: France 2013 | OECD Free preview | Powered by Keepeek Digital Asset Management Solution

Click to Read

 Overview | Data | Obtain this publication | Additional information

 

 

The French economy has been hit hard by the global recession and, more recently, by turmoil in the euro area. As confidence recovers, activity should pick up gradually in the coming two years and the unemployment rate stabilise in late 2013. Yet, France faces serious long-term challenges.

The political timetable offers a unique opportunity to implement an ambitious strategy of reforms to make government less costly and more effective and to raise seniors’ employment and improve the prospects of the young. Recent adoption of the Employment Competitiveness Tax Credit and the labour market agreement between social partners send encouraging signals. The functioning of the labour market needs to be further improved. Greater competition in services and rationalisation of housing policies are crucial reforms to boost purchasing power, create jobs and enhance competitiveness.

Fiscal consolidation remains a priority. Recent governments have shown laudable determination to restore public finances to good health following decades of rising public indebtedness. Deficit reduction efforts must continue as planned while letting automatic stabilisers operate fully. Public spending is very high as a percentage of GDP and needs to be reduced over time to ease the tax burden in the medium term.

Over the last several decades, France has recorded slow progress in improving standards of living while public spending has trended upwards

Download Excel Data

Tax and transfer changes can raise efficiency without sacrificing equity. The size, complexity and instability of the tax and transfer system weigh on the economy, calling for thorough going simplification. Savings are taxed very differently depending on asset classes, and, more generally, tax bases, including for VAT, are narrow. Reforms to unemployment benefits would save costs and promote employment.

Improving the situation of young people calls for wide-ranging reforms. Replacing the many income-support programmes with an extension of the minimum income scheme to young adults would allow the intensity of poverty to be reduced, but this change must be coupled with an effective requirement to train, search for and accept work. The high minimum wage tends to exclude the least educated youths from jobs. The transition from school to work is indicative not only of weaknesses in the labour market, but also of an unsatisfactory education system and a poor distribution of resources that generates dropouts, and a still too fragmented and tightly controlled tertiary system.

Click on link to Access Data

- Weak trend per capita GDP growth but stable income inequality in France
- General government expenditure as a percentage of GDP in France and other OECD countries
- Public and private pension spending
- The labour tax wedge is high in France, 2011
- Regulation is still heavy
- The relative minimum wage is high
- Relative minimum wage by region, 2009
- French employment rates vary widely by age bracket
- Sensitivity of the youth unemployment rate to economic fluctuations, 15-24 years
- Ratio of PISA scores of the best and worst students, 2009
- Ratio of annual spending per primary school pupil to that for upper-secondary education, 2009

How to obtain this publication

 The complete edition of the Economic Survey of France is available from:

Additional information

For further information please contact the France Desk at the OECD Economics Department at eco.survey@oecd.org.

The Secretariat’s draft report was prepared for the Committee by Hervé Boulhol and Balázs Égert under the supervision of Peter Jarrett. Research and editorial assistance was provided by Patrizio Sicari.

http://www.oecd.org/eco/surveys/france-2013.htm

 

 

 

Countries list

  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China (People’s Republic of)
  • Chinese Taipei
  • Colombia
  • Comoros
  • Congo
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Côte d'Ivoire
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • European Union
  • Faeroe Islands
  • Fiji
  • Finland
  • Former Yugoslav Republic of Macedonia (FYROM)
  • France
  • French Guiana
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong, China
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Islamic Republic of Iran
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macao (China)
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia (Federated States of)
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • Netherlands Antilles
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Administered Areas
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Romania
  • Russian Federation
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Serbia and Montenegro (pre-June 2006)
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovak Republic
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • Tajikistan
  • Tanzania
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Virgin Islands (UK)
  • Wallis and Futuna Islands
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe