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Paris, France News About Paris, France With a 2005 GDP of €478.7 billion, the Paris region has the highest GDPs in Europe, making it an engine of the global economy: were it a country, it would rank as the fourteenth largest economy in the world. The Paris Region is France's premier centre of economic activity: while its population accounted for 18.7% of the total population of metropolitan France in 2005, its GDP was about 28.5% of the same. Activity in the Paris urban area is diverse. Recently the Paris economy has been shifting towards high value-added service industries (finance, IT services, etc.) and high-tech manufacturing (electronics, optics, aerospace, etc). The Paris region's most intense economic activity through the central Hauts-de-Seine département and suburban La Défense business district places Paris' economic centre to the west of the city, in a triangle between the Opéra Garnier, La Défense and the Val de Seine. Paris' administrative borders have little consequences on the limits of its economic activity: although most workers commute from the suburbs to work in the city, many commute from the city to work in the suburbs. At the 1999 census, 47.5% of the 5,089,170 people in employment in the Paris urban area worked in the city of Paris and the Hauts-de-Seine département, while only 31.5% worked exclusively in Paris. Although the Paris economy is largely dominated by services, it remains an important manufacturing powerhouse of Europe, especially in industrial sectors such as automobiles, aeronautics, and electronics. Over recent decades, the local economy has moved towards high value-added activities, in particular business services. The 1999 census indicated that of the 5,089,170 persons employed in the Paris urban area, 16.5% worked in business services, 13.0% in commerce (retail and wholesale trade), 12.3% in manufacturing, 10.0% in public administrations and defence, 8.7% in health services, 8.2% in transportation and communications, 6.6% in education, and the remaining 24.7% in many other economic sectors. Other Major Cities:
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