Home » Blog » French industry, a long love

French industry, a long love

Between the glory and tumult of its existence, this industry has undergone significant transformation over the years. However, this is not a simple issue since this subject has long been at the center of political debate and does not create a consensus within our society. We will therefore attempt to take stock of current French industry.

1 – Introduction

A – Context and importance of the industry in France

According to the INSEE , the value of industrial production list to data in 2022 is €1,244 billion. Between 2021 and 2022, this production increased by only 0.5%. Another important data point is that exports are positive, having grown by 2.4%. However, imports increased by around 6%, mainly due to the extractive industries, energy, water, waste management and decontamination.

As a reminder, France was one of the first countries to experience the Industrial Revolution at the beginning of the 19th century . It first stood out through mining and metallurgy , then developed in other sectors after the World War, including aeronautics and nuclear power . But since the 1980s, the country the 10 most effective marketing strategies on instagram has been experiencing a phenomenon of deindustrialization caused by the tertiary sector of its economy and the financial advantages of using more affordable labor in developing countries. This deindustrialization has had the effect of distancing production areas from places fresh list of consumption. The environmental consequences are significant because producing countries do not have the same regulatory constraints. There is also the climatic impact linked to the distances traveled by finished products and that caused by the transport of raw materials.

It was 16.8%, or 6.2 points below the average of other European Union countries. This average is increased by countries such as Ireland (40%), Norway (36%) and Germany (27%).

France needs its industry for various reasons. To fully understand its role in the economy, it’s important to understand this. Industry combines factors of production to create material goods. This requires labor, which promotes job creation.

 

Scroll to Top