cation of modern technology, and EU subsidies have combined to make France the leading agricultural producer and exporter in Europe (representing alone 20% of the EU's agricultural production) and the world's third biggest exporter of agricultural products.
Wheat, poultry, dairy, beef, and pork, as well as an internationally recognized processed foods are the primary French agricultural exports. Rosé wines are primarily consumed within the country, but champagne and Bordeaux wines are major exports, being known worldwide. EU agriculture subsidies to France have decreased for the last years, but still amounted to $8 billion in 2007. This same year, France sold 33.4 billion euros of transformed agricultural products.
Agriculture is thus an important sector of France's economy : 3.5% of the active population is employed in agriculture, whereas the total agri-food industry made up 4.2% of French GDP in 2005.
Labour market
The French GDP per capita is similar to the GDP per capita of other comparable European countries such as Germany and the United Kingdom. GDP per capita is determined by (i) productivity per hour worked, which in France is the highest of the G8 countries in 2005, according to the OECD, (ii) the number of hours worked, which is one the lowest of developed countries, and (iii) the employment rate. France has one of the lowest 15–64 years employment rates of the OECD countries: in 2004, only 69% of the French population aged 15–64 years were in employment, compared to 80% in Japan, 79% in the UK, 77% in the US, and 71% in Germany.
This gap is due to the very low employment rates at both age extremes: the employment rate of people aged 55–64 was 38.3% in 2007, compared to 46.6% in the EU15; for the 15–24 years old, the employment rate was 31.5% in 2007, compared to 37.2% in EU25. These low employment rates are explained by the high minimum wages which prevent low productivity workers – such as young people –
