Thanks to its GDP (1 690.4 billion Euros in 2005), France is the fifth largest economy in the world. In the context of a regionalized global economy, France enjoys considerable influence due to its membership in the European Union (which GDP reached 13 310 billion Euros in 2005), in particular when dealing with Asia or North America.
France's membership in the European Union means that it must comply with the Growth and Stability Pact (balanced budgets, price stability, and coordination of economic policies).
Its strong points are diverse: transportation, telecommunications, agro food industry, pharmaceuticals, as well as banking, insurance, tourism, and traditional luxury goods (leather goods, ready to wear, perfume, wine and spirits …).
The structure of the French economy has considerably evolved over the last fifty years with the strong growth of services and the relative decline of the primary and secondary sectors.