France has the 5th largest economy in the world and the 2nd largest in Europe, with a GDP of $3 trillion. It has a semi-presidential system of government with executive power shared between the President and Prime Minister. France is divided into administrative subdivisions and has transferred some sovereignty to European institutions. Culturally, France receives more tourist visits annually than any other country and has over 1,200 museums welcoming over 50 million people each year.