Paris is the capital of France and the country's most populous city. The diverse economy of Paris is essentially a service economy, with business and financial services generating nearly half of the Paris Region's GDP. France is in Western Europe, bordering the Bay of Biscay and English Channel, between Belgium and Spain, southeast of the UK; bordering the Mediterranean Sea, between Italy and Spain. The climate is generally cool in winter and mild in summer, but with mild winters and hot summers along the Mediterranean. The official language is French. English is commonly spoken in major cities and in business circles. Visitors, particularly native English speakers, should try to speak at least a few words of French. Do not use the familiar 'tu' form of address unless invited to do so. The main religion is Christianity. The economy of France is a mixed economy which is the fifth largest economy in the world, by measurement of GDP (nominal), behind the United States, Japan, China and Germany. It is the second largest economy in Europe. Business in France tends to be on the formal side. It is expected to use formal terms of address such as ‘mademoiselle' for young women, ‘Madame' for other women, ‘monsieur' for men, plus the surname (for example, Madame DuPont). If a professional title is used (for example, ‘monsieur le president'), expatriates should follow the example. France has a conservative business culture, which although is changing, continues to be male dominated, particularly in large domestic companies. The security risk for expatriates in France is generally low. Risks include petty / street crime in major urban areas, especially in tourist areas, disruptions related to strikes, and particularly in recent years extremist terrorism. The currency of France is the Euro (EUR). Banking is on a par with the rest of Western Europe and North America. Credit cards are widely accepted. The standard of healthcare in France is good, however the cost of treatment for expatriates from outside the EU can be high. The population of Paris is 12.4 Million (2018 est.), while the inflation rate (CPI) is 2% for France as at June 2018. For a single Expat, the personal income tax rate in France is progressive up to 45%.
Cost Of Living
The cost of living for expatriates / professional migrants in In Paris, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Paris as at 1 July 2018 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: High 2) Clothing: Very High 3) Communication: Low 4) Education: Average 5) Furniture & Appliances: High 6) Groceries: Very High 7) Healthcare: High 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: Low 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Paris is for example 70.3% more expensive than Houston TX for groceries, 91.7% more expensive for household costs than Kuala Lumpur, and 46.8% more expensive for transport costs than Dubai. The hardship premium for Paris for an expat from Perth, is for example 0%, i.e. host location (Paris) premium of 10% minus home (Perth) location premium of 10%. Paris is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Paris? Register subscribe to your home location and Paris and run your personalised reports.