page_title: Economy of France
section_title: Régions economy
hierarchical_section_title: Economy of France / Régions economy
caption_attribution_description: From the French producers Chateau Latour, Chateau Haut-Marbuzet, Chateau de l'Evangile, Chateau la Mission Haut-Brion
context_page_description: The economy of France is highly developed and free-market-oriented. It is the world's 7th largest economy by 2019 nominal figures and the 10th largest economy by PPP figures. It is the 2nd largest economy in the European Union after Germany.
  France has a diversified economy. The chemical industry is a key sector for France, helping to develop other manufacturing activities and contributing to economic growth. France's tourism industry is a major component of the economy, as France is the most visited destination in the world. Sophia Antipolis is the major technology hub for the economy of France. Paris is ranked as the most elegant city in the world, which propels the agglomeration of the fashion industry. According to the IMF, in 2018, France was the world's 19th country by GDP per capita with $42,878 per inhabitant. In 2018, France was listed on the United Nations's Human Development Index with a value of 0.891 and 21st on the Corruption Perceptions Index in 2018. The OECD is headquartered in Paris, the nation's financial capital. Other major economic centres include Lyon, Toulouse, Marseille, Nice and Bordeaux.
context_section_description: The economic disparity between French regions is not as high as that in other European countries such as the UK, Italy or Germany, and higher than in countries like Sweden or Denmark, or even Spain. However, Europe's wealthiest and second largest regional economy, Ile-de-France (the region surrounding Paris), has long profited from the capital city's economic hegemony.
  The most important régions are Île-de-France (world's 4th and Europe 2nd wealthiest and largest regional economy), Rhône-Alpes (Europe's 5th largest regional economy thanks to its services, high-technologies, chemical industries, wines, tourism), Provence-Alpes-Côte d'Azur (services, industry, tourism and wines), Nord-Pas-de-Calais (European transport hub, services, industries) and Pays de la Loire (green technologies, tourism). Regions like Alsace, which has a rich past in industry (machine tool) and currently stands as a high income service-specialized region, are very wealthy without ranking very high in absolute terms.
  The rural areas are mainly in Auvergne, Limousin, and Centre-Val de Loire, and wine production accounts for a significant proportion of the economy in Aquitaine (Bordeaux (or claret)), Burgundy, and champagne produced in Champagne-Ardennes.
caption: The Bordeaux wine region is world-famous for its high-end wines.
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