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Rue de la Banque

Rue de la Banque No 11: Gross domestic product per capita in France and in advanced economies : the role of productivity and employment

Between 1890 and 2012, living standards rose by a factor of 9 in France, 11 in the United States, 6 in the United Kingdom and 23 in Japan. The catch-up of the United States by the euro area’s three largest countries was interrupted over 1995-2013 as US total factor productivity surged on the back of advances in information and communication technologies.

This letter presents the findings of research carried out at the Banque de France. The views expressed in this post are those of the authors and do not necessarily reflect the position of the Banque de France. Any errors or omissions are the responsibility of the authors.


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Focus n°14

Focus n°14

French households channelled more savings into regulated products than market-based investments

French household savings stood at the same level in 2014 as in 2000. Between these two dates, real estate investment was almost stable while financial savings rose sharply before falling back to their initial level. The main beneficiaries were products with favourable tax treatments and regulated returns (regulated savings accounts, housing savings plans and life insurance contracts).

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Speeches by the Bank's Authorities


Speech by Christian Noyer, Governor of the Banque de France
Financial Regulation - Stability versus Uniformity A focus on non-bank actors
28 September 2015

Conference for the 20th anniversary of the Banque de France Foundation
Opening and closing speech by Christian Noyer - 14 September 2015

Speech by Christian Noyer, Governor of the Banque de France
Paris Europlace International Forum - 7 July 2015

Speech by Christian Noyer, Governor of the Banque de France 
21st Conference of Montreal - Round Table n°1
8 June 2015

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