A member of the Group of 7 (formerly G8) leading industrialised countries, as of 2014, it is ranked as the world’s ninth largest and the EU’s second largest economy by purchasing power parity. With 31 of the 500 biggest companies in the world in 2015, France ranks fourth in the Fortune Global 500, ahead of Germany and the UK. France joined 11 other EU members to launch the euro in 1999, with euro coins and banknotes completely replacing the French franc (₣) in 2002.
According to the World Trade Organization (WTO), in 2009 France was the world’s sixth largest exporter and the fourth largest importer of manufactured goods. In 2008, France was the third largest recipient of foreign direct investment among OECD countries at $118 billion, ranking behind Luxembourg (where foreign direct investment was essentially monetary transfers to banks located there) and the US ($316 billion), but above the UK ($96.9 billion), Germany ($25 billion), or Japan ($24 billion).