BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

Bank of France
France is part of the Eurosystem and the European Central Bank

International Reserves

US$ 168.49 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 2.712 trillion (2011 estimate)

GDP (Purchasing Power Parity)

2.257 trillion of International dollars (2011 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.8% 1.1% 1.1% 2.3% 2% 2.4% 2.3% -0.2%
2009 2010 2011 2012*        
-2.6% 1.4% 1.7% 0.5%        

*Estimate

GDP per capita - current prices

US$ 42,793 (2011 estimate)

GDP per capita - PPP

$35,613 International Dollars (2011 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
4.72% 4.4% 3.65% 2.86% 2.53%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 1.7% 
  • industry: 18.5% 
  • services: 79.8% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

2.26% (2010)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0.1%(2008) 1.7% 2.3% 2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
9.5% 9.8% 9.7%(2009) 9.9%

*Estimate

Household saving rates

16% (Gross saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
68.3% 79% 82.4% 86.3% 89%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-3.3% -7.6% -7.1% -5.3% -4.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AA+

Moody's rating: Aaa

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$1.972 trillion US$1.926 trillion US$1.569 trillion
Largest companies in France

Publicis Groupe (Advertising ), Safran (Aerospace and defense), Thales (Aerospace and defense), Dassault Aviation (Aerospace and defense), Financière de l'Odet (Air Courier), Air France-KLM (Airline), Christian Dior (Apparel/Accessories), Hermès International (Apparel/Accessories), Renault (Auto & Truck Manufacturers), Peugeot (Auto & Truck Manufacturers), Michelin Group (Auto & Truck Parts), Valeo (Auto & Truck Parts), Pernod Ricard (Beverages), Vivendi (Broadcasting & Cable), Eutelsat Communications (Broadcasting & Cable), Sodexo (Business & Personal Services), Alcatel-Lucent (Communications Equipment), Capgemini (Computer Services), Atos (Computer Services), Iliad (Computer Services), Alstom (Conglomerates), Saint-Gobain (Construction Materials), Lafarge (Construction Materials), Vinci (Construction Service), Bouygues (Construction Service), Eiffage (Construction Service), PPR (Department Stores), Arkema (Diversified Chemicals), AXA Group (Diversified Insurance), CNP Assurances (Diversified Insurance), SCOR (Diversified Insurance), Veolia Environnement (Diversified Utilities), Areva (Diversified Utilities), GDF Suez (Electric Utilities), EDF (Electric Utilities), Schneider Electric (Electrical Equipment), LeGrand (Electrical Equipment), Rexel (Electronics), Danone (Food Processing), Carrefour (Food Retail), Finatis (Food Retail), Accor (Hotels & Motels), L'Oréal Group (Household/Personal Care), Wendel (Investment services), Eurazeo (Investment services), BNP Paribas (Major Banks), Société Générale (Major Banks), Natixis (Major Banks), CIC Group (Major Banks), Crédit Agricole (Major Banks), Essilor International (Medical Equipment & Supplies), Total (Oil & Gas Operations), Technip (Oil Services & Equipment), Vallourec (Other Industrial Equipment), Aéroports de Paris (Other Transportation), Sanofi (Pharmaceuticals), Lagardère (Printing & Publishing), Unibail-Rodamco (Real Estate), Gecina (Real Estate), Foncière des Régions (Real Estate), Dassault Systèmes (Software & Programming), Air Liquide (Specialized Chemicals), France Telecom (Telecommunications Services) (2012)

 
 
Source
Current account balance

US$ -52.5 billion (2011 estimate)(After 2008)

Current account balance by percentage of GDP

-1.9% of GDP (2011 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

25.5% (2010)

(Data released on April 2012)

Shares in world total merchandising export

3.27%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

4% (2011)(2007)

(Data were released in 2012)

Total exports

US$567.5 billion (2012 estimate) 

Export commodities

machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages

Total imports

US$658.9 billion (2012 estimate) 

 
 
Source
Import commodities

machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals

Exports - major partners

Germany 16.7%, Italy 8.3%, Spain 7.4%, Belgium 7.4%, UK 6.7%, US 5%, Netherlands 4.3% (2011)

Imports - major partners

Germany 19.1%, Belgium 11.3%, Italy 7.7%, Netherlands 7.5%, Spain 6.6%, UK 5.1%, China 4.8% (2011)

FDI inflows
2009 2010 2011
US$24,219 million US$30,638 million(2009) US$40,945 million(2009)
FDI outflows
2009 2010 2011  
US$107,130 million US$76,867 million US$90,146 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
US$56,806 million US$41,565 million(2009) US$6,117 million(2009) US$31,804 million
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Orange Participations SA, Egyptian Co for Mobile Services, Egypt, $4.5 billion

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

GDF Suez SA, GDF Suez SA, France, $25.1 billion
Sanofi-Aventis SA, Genzyme Corp, United States, $21.2 billion
Total SA, Novatek, Russian Federation, $4 billion
Investor Group, Parmalat SpA, Italy, $3.6 billion
Shareholders, Carrefour SA, France, $3.1 billion(2008 estimate)


 

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 34 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 27 out of 185 countries(2009)

Enforcing Contracts: 8 out of 185 countries

Registering Property: 146 out of 185 countries

Getting credit: 53 out of 185 countries

Protecting investors: 82 out of 185 countries

Trading across border: 27 out of 185 countries

Paying Taxes: 53 out of 185 countries

Dealing with Construction Permits: 52 out of 185 countries

Getting Electricity: 42 out of 185 countries

Resolving Insolvency: 43 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

21

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 67 Score: 63.2 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

551,500 km2 (2006)

Capital

Paris (2009)

Currency

euros (EUR) (2009)

Government type

republic (2009)

Languages

French 100%, rapidly declining regional dialects and languages (Provencal, Breton, Alsatian, Corsican, Catalan, Basque, Flemish)overseas departments: French, Creole patois

Religions

Roman Catholic 83%-88%, Protestant 2%, Jewish 1%, Muslim 5%-10%, unaffiliated 4%, overseas departments: Roman Catholic, Protestant, Hindu, Muslim, Buddhist, pagan

Total population
1980 1990 2000 2012* 2017**
53.73 million 56.71 million 59.06 million 63.42 million 64.88 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
61.9% 73.3% 75.8% 85.7%
Population median age

40 years (2010)

Population growth rate

0.6% (2011)

Life expectancy

81 years (2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

32.74 (1995)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

160.95% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

79.58% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Paris: 27th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

5.8188 (Data were released in 2012 and refer to 2009)

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