Economic+Characteristics

Paris is the most important finacial, marketing, and distibution center of France. It is home to multiple major company headquarters and is responsible for about a quarter of France's gross domestic product. Jobs provided by the national and local governments contribute greatly to the city's economy. But service industries account for more than half of the city's economic output. Paris is one of the major fashion hearths and fashion generates a huge portion of the city's revenue. The Vouge Magazine does a great job of showcasing Paris' involvement in the fashion world. The Champs Elysees and neighboring streets house many high fashion designers perfume shops, and other luxury shops.Paris has multiple streets similar to the Las Vegas strip in The United States. These streets are home to the most prestigious clothing lines and they generate income at a very fast pace.

With a 2009 Gross Domestic Product of 552.1 billion francs, Paris has established itself a premier center in France.Even though Paris is known for its Arts that bring so much tourism and revenue, it's economy has recently shifted towards high-value-added service industries like finance and high-tech industries like electronics.