The growth in France's services sector accounts (which accounted for 78% of France's GDP) for most of their economical success, deriving the third largest income in the world from Tourism. Using the expenditure approach, this shows that France's GDP is heavily dependent on government investment in goods and services due to the demand from tourism. Hence we can conclude that tourism is the most prominent sector of France's economy.

Talking what France has not done so well on in terms of unemployment rate, public finance and and taxes:

1. Despite the growth in GDP and economy, France has seen an increase in overall unemployment rate over the years. However, youth unemployment specifically, saw a decline. 

2. France's budget deficit rose over the years despite the increase in GDP due to high spending. 

3. France's income tax burden was also very high, with some of the rates at 40% high,

-talks about GDP, France's unemployment rate, investments from other countries, spending

Key topics: GDP, Unemployment, Investment Rate

  

-most of the jobs created in Hollande's term (2012-2017) were part-time jobs (mostly temporary eg only one month jobs)

-youth unemployment is close to double that of US

-unemployment has risen for vulnerable groups (youths, low skilled, immigrants)
- Unemployment rate has been very high during the 5 years and the French president did not solve the issue correctly.
- Despite introducing polices like making hiring and firing easier, unemployment rate is still relatively high.
- This is not very ideal as people will be out of job very easily despite being hired for only a short period of time.
- Hence, even if you have a job, it will not be a permanent job since most of the contracts are shorter than a month, which ultimately leads the unemployment rate to be high.
- However, he actually helped the unemployed workers to be skilled by sending them for trainings that might help them in search of the existing jobs.
- As seen from the graphs, France’s unemployment rate is the highest among the EU countries although the people who are undergoing training increases sharply.
- In conclusion, even though the French president came up with ways to solve the unemployment issue, it is not enough to lower down the unemployment rate, resulting in a very high unemployment rate eventually.

Possible Causes for Unemployment
-some people may not be eager to find jobs because France is still a welfare state
-hence the state provides for citizens especially those who need financial help through grants, pensions, subsidies and other benefits
-people are underemployed and do not have stable jobs
-86.4% (majority) of total hiring was into temporary jobs, and 80% of such contracts were shorter than one month
-long-term unemployment is still high, eg 43% of the unemployed have been without jobs for more than a year

Who Is Most Affected
-France’s youth unemployment rate is approximately twice of UK’s and is still rising
-in contrast with a decline in most developed economies
-foreigners’ and those with lower levels of education as compared to others also has a rising unemployment rate

Policies to help improve employment
-introduced tax credits to reduce labour costs
-introduced a bill that made hiring and firing easier.
-he also increased training opportunities and incentives to return to work.

Improvements

-unemployment figures have only improved by a little bit over the past year 
-however, data shows that policies which encourage more jobseekers into training have had some success.

-France was able to rise from its downturn in real GDP in 2009

-however, it still underperformed and had lower average growth than most of the EU

Expenditure
-spending is still high (expenditure approach)
-France still has one of the highest public spending ratios among advanced countries - at 57% of GDP
-health, social and pensions expenditure as a share of GDP remain high, and is still rising
- France has not been doing well in terms of economy for the past few years.
- Despite things starting to get well in the later part, it is still not enough as it is still below the EU average of 1.8 per cent.
- Even though France’s public spending is the highest, it is a lot lesser than the previous years.
- The president managed to spend within the amount of income and not exceed it which is important as the country will be bankrupt soon if this does not stop.
- As seen from the graphs, France is the highest for GDP which is not surprising given the fact that they actually spend more than they should.
- Since they spend more than they should, they will not have enough income earned previously to spend, so they borrowed a huge sum of money which resulted in the high percentage under the debt chart.
- Nonetheless, France did well in reducing the amount they spend which resulted in the fiscal balance line to go up under the negative segment.
-with high expenditure, combined with slow economic growth, France’s debt burden has continued to grow
-high tax burden on French businesses may be an obstacle for growth and investment
-recent economic growth has been due to consumption rather than investment
-however, investments did grow, but at a lower pace
- In conclusion, although France’s spending is still high, the president actually did help to reduce the amount of spending which is a good thing.

To improve
-government has taken steps to improve this such as introducing tax breaks
-has introduced law (Macron Law) which is designed to help competitiveness eg allowing shops to stay open longer