Government Type: republic

Capital: Paris Geographic Coordinates: 48 52 N, 2 20 E

Independence: 4 October 1958 (Fifth French Republic established); notable earlier dates: 486 (Frankish tribes unified under Merovingian kingship); 10 August 843 (Western Francia established from the division of the Carolingian Empire); 14 July 1789 (French monarchy overthrown); 22 September 1792 (First French Republic founded)

National Holiday: Fete de la Federation, 14 July (1790); note - although often incorrectly referred to as Bastille Day, the celebration actually commemorates the holiday held on the first anniversary of the storming of the Bastille (on 14 July 1789) and the establishment of a constitutional monarchy; other names for the holiday are Fete Nationale (National Holiday) and quatorze juillet (14th of July)

Constitution: adopted by referendum 28 September 1958; effective 4 October 1958; amended many times

Note: amended concerning election of president in 1962; amended to comply with provisions of 1992 EC Maastricht Treaty, 1997 Amsterdam Treaty, 2003 Treaty of Nice; amended to tighten immigration laws in 1993; amended in 2000 to change the seven-year presidential term to a five-year term; amended in 2005 to make the EU constitutional treaty compatible with the Constitution of France and to ensure that the decision to ratify EU accession treaties would be made by referendum

Legal system: civil law system with indigenous concepts; review of administrative but not legislative acts; has not accepted compulsory ICJ jurisdiction

Suffrage: 18 years of age; universal

Economy Overview: France is in the midst of transition from a well-to-do modern economy that has featured extensive government ownership and intervention to one that relies more on market mechanisms. The government has partially or fully privatized many large companies, banks, and insurers, and has ceded stakes in such leading firms as Air France, France Telecom, Renault, and Thales. It maintains a strong presence in some sectors, particularly power, public transport, and defense industries. With at least 75 million foreign tourists per year, France is the most visited country in the world and maintains the third largest income in the world from tourism. France's leaders remain committed to a capitalism in which they maintain social equity by means of laws, tax policies, and social spending that reduce income disparity and the impact of free markets on public health and welfare. France has weathered the global economic crisis better than most other big EU economies because of more resilient consumer and government spending, and lower exposure to the downturn in global demand. Nonetheless, France's real GDP contracted 2.2% in 2009, while the unemployment rate increased from 7.4% in 2008 to nearly 10%. In response to the economic crisis the government passed a $35 billion stimulus plan in February 2009 centered on investment in infrastructure and tax breaks for small businesses. Paris also created a $25 billion strategic investment fund to protect French companies from foreign takeovers, and President Nicolas SARKOZY proposed a $52 billion plan for strategic investments in science and technology. These various stimulus and investment measures are contributing to a deterioration of France's public finances. France's tax burden remains one of the highest in Europe - at nearly 50% of GDP. The government budget deficit rose sharply from 3.4% of GDP in 2008 to over 8% of GDP in 2009, topping the 3% euro-zone ceiling in both years. SARKOZY is expected to seek passage of some structural reforms - notably to the pension system and government bureaucracy - which have the potential to cut public expenditures, while he may delay additional, more costly, reforms.

International Disputes: Madagascar claims the French territories of Bassas da India, Europa Island, Glorioso Islands, and Juan de Nova Island; Comoros claims Mayotte; Mauritius claims Tromelin Island; territorial dispute between Suriname and the French overseas department of French Guiana; France asserts a territorial claim in Antarctica (Adelie Land); France and Vanuatu claim Matthew and Hunter Islands, east of New Caledonia