Economy In the first part of the 21st century, the vitality of the Paris economy made it an important financial centre and influential
global city. The Paris region, including the business centre of
La Défense just outside the city limits, had a 2012
GDP of
€612 billion (US$760 billion). In 2011 its GDP ranked second among the regions of Europe and its per-capita GDP was the 4th highest in Europe. In 2013 it hosted the world headquarters of 29
Fortune Global 500 companies, mostly in banking, finance, insurance and business services. Tourism was an important part of the Paris economy. In 2013, the city of Paris welcomed 29.3 million tourists, the largest number of whom came from the United States, followed by the United Kingdom, Italy, Germany and Spain. There were 550,000 visitors from Japan, a decrease from previous years, while there was a growth of 20 percent in the number of visitors from China (186,000) and the Middle East (326,000). The Paris region received 32.3 million visitors in 2013. As a destination for upscale European shopping, Paris was especially important. In 2014, visitors to Paris spent $17 billion (€13.58 billion), the third-highest sum globally after London and New York. Fashion and luxury goods also made an important contribution to the Paris economy. In 2014 Paris was the home of the world's largest
cosmetics company,
L'Oréal, and three of the five top global makers of luxury fashion accessories;
Louis Vuitton,
Hermès and
Cartier. According to one study produced in 2009, Paris was the third most economically powerful city in the world among the 35 major cities in the study, ranking behind London and New York. The study ranked Paris first in terms of quality of life, and accessibility; third in cultural life, sixth in terms of economy, and seventh in research and development. Another study in 2012 grouped Paris with New York, London, and Tokyo as the four leading global cities. This study concluded that Paris ranked as the third global city for accountancy and management consultancy, network connectivity, and airline connections, and was fifth in terms of insurance.
Politics In March 2001,
Bertrand Delanoë became the first socialist mayor of Paris and the first openly gay mayor of the city. The socialists and their allies dominated city politics for the next thirteen years: Delanoë was
re-elected in 2008, and on 5 April 2014,
Anne Hidalgo, another socialist, was
elected first female mayor of Paris. In 2020, Paris mayor Anne Hidalgo was
re-elected. The two mayors made social issues and the environment a priority. In 2007, in an effort to reduce car traffic in the city, Mayor Delanoë introduced the
Vélib', a system that rents bicycles at low cost for the use of local residents and visitors. To discourage automobile traffic, the city administration increased parking fees and added new restrictions on driving in the city. Between 2008 and 2013, the city converted a section of the highway along the Seine between the
Pont de l'Alma and the Musée d'Orsay into a public park called the
Promenade des Berges de la Seine. By early 2021, a number of Hidalgo's policies had gained international attention, such as her proposal to remove over half of Paris's car parking spaces and turn the
Champs-Élysées into a "fantastic garden". In 2026,
Emmanuel Grégoire was elected mayor, continuing the socialist grip on power.
Culture In 2013, the
Louvre was the most-visited art museum in the world, and the
Centre Georges Pompidou was the most-visited museum of modern art. A new national museum, The
Musée du quai Branly, opened in 2006. It was the presidential grand project of
Jacques Chirac, designed by architect
Jean Nouvel to showcase the indigenous art of Africa, Oceania, Asia and the Americas. A new private museum, the Contemporary Art museum of the
Louis Vuitton Foundation, designed by architect
Frank Gehry, opened in October 2014 in the
Bois de Boulogne. On 14 January 2015, President Hollande inaugurated a new symphony hall, the
Philharmonie de Paris, also designed by architect Jean Nouvel. The hall opened with a performance by the
Orchestre de Paris of the
Requiem of Gabriel Fauré, played to honour the victims of the
Charlie Hebdo shooting that took place in the city a week earlier. It is located in the
Parc de la Villette in the
19th arrondissement. The new concert hall cost 386 million Euros and was completed in seven years, two years longer than planned, and at three times the original planned cost. The architect did not attend the opening, protesting that the opening was rushed, the hall was not finished, and that the acoustics had not been properly tested, though journalists at the opening reported that the sound quality was perfectly clear. The architecture critic of
The Guardian wrote that the building looked like a space ship that had crashed in France. On 15 April 2019, the roof of the
Notre-Dame de Paris caught fire, severely damaging the
bell towers and resulting in the total collapse of the central
spire and roof. In 2024, the city hosted the
Summer Olympics for a third time. Events were scheduled to be held in the Seine, despite swimming in the river being banned since 1923; a €1.4 billion cleanup effort by the French government sought to reduce bacterial levels in the river to those safe for swimming. The city also hosted the
Summer Paralympics for the first time.
Social unrest and terrorism While Paris and the Paris region have some of the wealthiest neighbourhoods in France, it also has some of the poorest, particularly in the suburbs to the north and east, where many residents are immigrants or children of immigrants from the
Maghreb and sub-Saharan Africa. Between 27 October and 14 November 2005, in what became known as the
2005 French riots, young residents of low-income housing projects in
Clichy-sous-Bois, a Paris suburb, rioted, after two young men fleeing the police were accidentally electrocuted. The riots gradually spread to other suburbs and then across France, as rioters burned schools, day-care centres and other government buildings and almost nine thousand cars. The riots caused an estimated 200 million Euros in property damage, and led to almost three thousand arrests. On 14 November 2005, as the riots ended, President
Jacques Chirac blamed the rioters for a lack of respect for the law and French values, but also condemned inequalities in French society and "the poison of racism". On 7 January 2015, two Muslim extremists, both French citizens raised in the Paris region, attacked the Paris headquarters of
Charlie Hebdo, a controversial
satirical magazine that had poked ridicule at Mohammed, in what became known as the
Charlie Hebdo shooting. They killed ten civilians, including five prominent cartoonists and the director of the magazine and two police officers. On 8–9 January, a third terrorist killed five more. Collectively known as the
January 2015 Île-de-France attacks, these were the deadliest terrorist attacks in Paris since 1961. On 11 January, an estimated
1.5 million persons marched in Paris to show solidarity against terrorism and in defense of freedom of speech. The attacks intensified the decades-old debate in the Paris press about immigration, integration and freedom of speech.
The New York Times summarised the ongoing debate: :So as France grieves, it is also faced with profound questions about its future: How large is the radicalized part of the country's Muslim population, the largest in Europe? How deep is the rift between France's values of secularism, of individual, sexual and religious freedom, of freedom of the press and the freedom to shock, and a growing Muslim conservatism that rejects many of these values in the name of religion? On 13 November 2015, there were
simultaneous terrorist attacks in Paris conducted by three coordinated teams of terrorists. They sprayed several sidewalk cafes with machine-gun fire, set off bombs near the
Stade de France, and killed 89 persons at the
Bataclan theater, where a concert by the
Eagles of Death Metal rock band had begun. The combined attacks killed 130 persons and injured more than 350. Seven terrorists killed themselves by setting off explosive vests. On the morning of November 18, three suspected terrorists, including
Abdelhamid Abaaoud, the alleged mastermind of the attacks, were killed in
a shootout with police in the Paris suburb of Saint-Denis. French president
François Hollande declared that France was in a nationwide
state of emergency, reestablished controls at the borders, and brought fifteen hundred soldiers into Paris. Schools, universities and other public institutions in Paris were closed for several days. It was the single most deadly terrorist attack in French history.
Grand Paris renovation In 2008,
Nicolas Sarkozy announced the
Grand Paris renovation, a renovation so large in scale that Paris had never underwent before, surpassing even that of Haussmann around 150 years prior. The renovation started in 2016 and is set to end in 2030. ==Maps show city growth (508 to 1750)==