Tag Archives: edge prep

Manufacturing in France Continues to Represent a Greater Portion of Their GDP

Posted on August 14th, 2017
French Manufacturing

Being the tenth largest economy in the world with a GDP of $2,699 trillion and a 1.1% GDP real growth (2016), France continually strives to maintain its place as one of the European leaders and to increase its influential role in global economy. With a manufacturing industry representing almost 20% of its total GDP and an industrial production growth rate of 0.5%, France is the 4th largest industrial producer, only behind the USA, Japan, and Germany. This data accounts for the vital role of manufacturing in its economy, as it functions as the primary sources of exports income and one fundamental area to internationally strengthen its position. Always considering diversification as a necessary factor within its industry, France has a large production of vehicles, metallurgical products, machinery, chemicals and pharmaceuticals, textiles, and food products. It also holds a reputation for…

Autos, Electronics, and Steel Play a Major Role in The Manufacturing Economy of Slovakia

Posted on August 1st, 2017
Slovakia Manufacturing

Slovakia’s manufacturing economy has been booming in the last decade since its entry into the Eurozone in 2004 and the adoption of the Euro as currency in 2009. Currently, the manufacturing industry is responsible for more than 30% of Slovakia’s gross domestic product. Their unemployment rate is hovering around 8% in 2017. Slovakia has lower wages than some of its trading partners such as Germany or the Czech Republic, making it a magnet for foreign investors who prefer to move manufacturing operations to Slovakia for cheaper labor. As a matter of fact, some of its major companies are subsidiaries of renowned automakers such as Volkswagen and KIA, which has also placed the country as a leader in the automotive industry. Volkswagen Volkswagen is one of the largest automotive companies in the world, and it has a major headquarters in Slovakia….