Industry Sector Contribution to GDP in France (1990-2022)

Industry Sector Contribution to GDP in France (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in France (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: France
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
France's industry sector contribution steadily declined from 24.5% in 1990 to around 16.4% by 2021, driven by the country’s progressive shift toward a service-driven economy. The early 2000s saw a steady decline in traditional manufacturing, which was affected by increased automation and offshoring. Notably, the global financial crisis in 2008 contributed to the continued decline, reaching a low in 2021. Recently, the sector stabilized around 16.8%, attributed to investments in green technology and high-tech manufacturing. This shift reflects France's long-term economic transition strategy, focusing on innovation and reducing reliance on traditional industry sectors for GDP growth.

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