IREF - Institute for Research in Economic and Fiscal issues
Fiscal competition and economic freedom
No, this is not science fiction, but recent statistics from the most respectable Eurostat. With the exception of Cyprus and Luxembourg, France is the European country with the lowest value added by the industrial sector – 12.4% of GDP in 2009. To compare, the EU27 average is 18% of GDP and the number for Greece is reaching 13.3%, while some of the EU leading economies, like Germany, are scoring up at 22.2%. It is also interesting to notice the paradox that Germany is accounting for approximately the same number of enterprises per capita as France...
If, in and of itself, a low share of industry in GDP is not necessarily something to worry about, things are different where this is due to a lack of competitiveness.