Economic+Characteristics

Economic Characteristics

Paris is the chief financial, marketing, and distribution center of France. Paris has a GDP of $768.9 billion (in US dollars) which is one of the highest GDP's in Europe, and making it an engine of the global economy. Paris has a majority of secondary and tertiary sector jobs. The main categories that people in Paris work in are business services, retail, and manufacturing. It was shown that out of 5,089,170 people who work in the urban area of Paris, 16.5% works in business services, 13% in retail and wholesale trade, and 12.3% in manufacturing. Service industries account for more than half of the city's economic output. However while services mainly dominates the economy of Paris, they are starting to also specialize in industrial sectors such as electronics, aeronautics, and automobiles. The common currency that is used in Paris is the Euro, and Paris is known to be one the most expensive cities to live in. 45 million tourists visit here a year, and 60% of them are foreigners. Capital made from tourists also accounts for a large percentage of Paris' economic input.