In 2014, Ile-de-France (IdF) accounted for around 30% of the French GDP and 4.7% of the European GDP (Eurostat). This made the region the first contributor to national GDP, well ahead of Rhône-Alpes Auvergne with 10% and Provence-Alpes-Côte d’Azur with 7%. Indeed, this region is the heart of the French national economy and represents one of the key drivers in the European Union. The regional GDP is higher than that of most European countries, including Sweden and Belgium. The regional contribution to national GDP increased over the period 2006-2014 (from 28% to 30,4%).
IdF region hosts approximately 20% of the French population (2014 - Eurostat) and accounted for 19.8% of national employment in 2014. Its unemployment rate stands at 9,7%, which is lower than the national (10.3%) and the European (10.2%) rates (Eurostat 2014).
Regional employment is strongly oriented towards the services sector. Employment in services represent 86% of the region's total, compared to 76% at national level (Eurostat 2014). Knowledge intensive business services account for a massive part of the jobs created in this sector over the last 15 years.
IdF is the first industrial region in the country, in number. However, employment in industry represents 14% of the regional employment in 2014, lower than the national share of 21% (Eurostat). The key industries in the region include electronics and ICT, agro-food, construction, automobile, pharmaceuticals, culture and aerospace (Regional Council).
Behind these numbers however lies a second set of indicators, illustrating the economic slowdown the region has undergone over the 15 years. Historically, regional unemployment has always been one or two points lower than the national rate. Lately however, the gap has been reduced, and regional employment has lost competitiveness in comparison to other French regions. The region has also witnessed outmigration of youth. Currently, the percentage of the population under 20 years of age in the less than 60 year-old population is 30.3%, compared to 31.5% in the rest of the country (Davezies 2010). In 20 years (1993-2013), the region has lost 300,000 industrial jobs.