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List Of French Regions And Overseas Collectivities By GDP
This article lists French regions and overseas collectivities by gross domestic product (GDP). Introduction INSEE and affiliate statistical offices in the overseas collectivities produce estimates of GDP in France's 13 regions and 5 overseas collectivities every year, and in some overseas collectivities where GDP estimates are made only every few years. In 2011, France (whose territory in the national accounts refers to Metropolitan France plus the four old overseas regions of Guadeloupe, Martinique, French Guiana, and Réunion, but excludes Mayotte and the six overseas collectivities) had a GDP of US$2,778 bn, 98.2% of which was produced in Metropolitan France, and 1.8% in the four overseas regions. Dynamics Île-de-France (the Paris Region) has a much higher GDP per capita than the rest of France, due to its position as one of the "command centres" for the global economy, as well as its relatively low share of retirees. Outside Île-de-France, the 12 other regions of Metr ...
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Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the per capita GDP (also called the Mean Standard of Living). GDP definitions are maintained by a number of national and international economic organizations. The Org ...
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Saint Pierre And Miquelon
Saint Pierre and Miquelon (), officially the Territorial Collectivity of Saint-Pierre and Miquelon (french: link=no, Collectivité territoriale de Saint-Pierre et Miquelon ), is a self-governing territorial overseas collectivity of France in the northwestern Atlantic Ocean near the Canada, Canadian province of Newfoundland and Labrador.Saint Pierre and Miquelon
''The World Factbook''. Central Intelligence Agency.
Saint Pierre and Miquelon is a remaining vestige of the once-vast territory of New France. Its residents are French citizens; the collectivity elects its own deputy to the National Assembly (France), National Assembly and participates in senatorial and presidential elections. It covers of land and had a population of 6,008 .
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Overseas Collectivities
The French overseas collectivities (''collectivité d'outre-mer'' or ''COM'') are first-order administrative divisions of France, like the French regions, but have a semi-autonomous status. The COMs include some former French overseas colonies and other French overseas entities with a particular status, all of which became COMs by constitutional reform on 28 March 2003. The COMs differ from overseas regions and overseas departments, which have the same status as metropolitan France but are located outside Europe. As integral parts of France, overseas collectivities are represented in the National Assembly, Senate and Economic and Social Council. Though some are outside the European Union, all can vote to elect members of the European Parliament (MEPs). (All of France became one multi-member EU constituency in 2019.) The Pacific COMs use the CFP franc, a currency pegged to the euro, whereas the Atlantic COMs use the euro itself. As of 31 March 2011, there were five COMs: * F ...
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Mayotte
Mayotte (; french: Mayotte, ; Shimaore: ''Maore'', ; Kibushi: ''Maori'', ), officially the Department of Mayotte (french: Département de Mayotte), is an overseas department and region and single territorial collectivity of France. It is located in the northern part of the Mozambique Channel in the Indian Ocean off the coast of Southeastern Africa, between Northwestern Madagascar and Northeastern Mozambique. Mayotte consists of a main island, Grande-Terre (or Maore), a smaller island, Petite-Terre (or Pamanzi), as well as several islets around these two. Mayotte is the most prosperous territory in the Mozambique Channel, making it a major destination for immigration. Mayotte's land area is and, with its 299,348 people according to January 2022 official estimates, is very densely populated at 800 inhabitants per km2 (2,073 per sq mi). The biggest city and prefecture is Mamoudzou on Grande-Terre. The Dzaoudzi–Pamandzi International Airport is located on the neighbouring ...
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World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various v ...
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Eurostat
Eurostat ('European Statistical Office'; DG ESTAT) is a Directorate-General of the European Commission located in the Kirchberg, Luxembourg, Kirchberg quarter of Luxembourg City, Luxembourg. Eurostat's main responsibilities are to provide statistical information to the institutions of the European Union (EU) and to promote the harmonisation of statistical methods across its Member state of the European Union, member states and Enlargement of the European Union, candidates for accession as well as European Free Trade Association, EFTA countries. The organisations in the different countries that cooperate with Eurostat are summarised under the concept of the European Statistical System. Organisation Eurostat operates pursuant tRegulation (EC) No 223/2009 Since the swearing in of the von der Leyen Commission in December 2019, Eurostat is allocated to the portfolio of the European Commissioner for Economic and Financial Affairs, Taxation and Customs, European Commissioner for the Ec ...
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Overseas Departments
The overseas departments and regions of France (french: départements et régions d'outre-mer, ; ''DROM'') are departments of France that are outside metropolitan France, the European part of France. They have exactly the same status as mainland France's regions and departments. The French Constitution provides that, in general, French laws and regulations (France's civil code, penal code, administrative law, social laws, tax laws, etc.) apply to French overseas regions the same as in metropolitan France, but can be adapted as needed to suit the region's particular needs. Hence, the local administrations of French overseas regions cannot themselves pass new laws. As integral parts of France and the European Union, overseas departments are represented in the National Assembly, Senate, and Economic and Social Council, vote to elect members of the European Parliament (MEP), and also use the euro as their currency. The overseas departments and regions are not the same as the ove ...
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Purchasing Power Parity
Purchasing power parity (PPP) is the measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries' currencies. PPP is effectively the ratio of the price of a basket of goods at one location divided by the price of the basket of goods at a different location. The PPP inflation and exchange rate may differ from the market exchange rate because of tariffs, and other transaction costs. The Purchasing Power Parity indicator can be used to compare economies regarding their Gross Domestic Product, labour productivity and actual individual consumption, and in some cases to analyse price convergence and to compare the cost of living between places. The calculation of the PPP, according to the OECD, is made through a ''basket of goods'' that contains a "final product list hatcovers around 3,000 consumer goods and services, 30 occupations in government, 200 types of equipment goods and about 15 constructio ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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CFP Franc
The CFP franc (French: , called the ''franc'' in everyday use) is the currency used in the French overseas collectivities (, or COM) of French Polynesia, New Caledonia, and Wallis and Futuna. The initials ''CFP'' originally stood for ('French colonies of the Pacific'). This was later changed to ('Pacific Financial Community') and then to its present term, ('Pacific Franc Exchange'). Its ISO 4217 currency code is ''XPF''. The CFP franc is subdivided into 100 centimes. History 1945–1949 The CFP franc was created in December 1945, together with the CFA franc, used in Africa. The reason for the creation of these francs was the weakness of the French franc immediately after the Second World War. When France ratified the Bretton Woods Agreement in December 1945, the French franc was devalued in order to set a fixed exchange rate with the US dollar. New currencies were created in the French colonies to spare them the strong devaluation of December 1945. René Pleven, the ...
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Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in ci ...
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Structural Funds And Cohesion Fund
The European Structural and Investment Funds (ESI Funds, ESIFs) are financial tools governed by a common rulebook, set up to implement the regional policy of the European Union, as well as the structural policy pillars of the Common Agricultural Policy and the Common Fisheries Policy. They aim to reduce regional disparities in income, wealth and opportunities. Europe's poorer regions receive most of the support, but all European regions are eligible for funding under the policy's various funds and programmes. The current framework is set for a period of seven years, from 2021 to 2027. Overview Five ESIFs currently exist, they are: *under the Cohesion Policy: **the European Regional Development Fund (ERDF) **the Cohesion Fund (CF) **the European Social Fund Plus (ESF+) *under the Common Agricultural Policy (CAP): **the European Agricultural Fund for Rural Development (EAFRD) *under the Common Fisheries Policy (CFP): **the European Maritime, Fisheries and Aquaculture Fund (EM ...
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