In France, there are 4 curriculum of approximately similar sizes - at least when I did my studies. There is no IQ selection.
There is no selection either based on being "gifted" or not - you just get a curriculum matching the job you said you were the most interested in, if you basic grades are enough (i.e. if you persistently had below average grades in math, you might not be enrolled in a scientific curriculum)
"scientific" students makes 25% of the students - I'm not sure it can be compared to the situation in the US unless 25% of the students go in AP classes.
[The other curricumulum also have decent math, only slightly less theoretical or more into specific domains, such as arithmetic or geometric progression mathematics (for economy and some BTS vocational studies)]
Edit : Enrollment trends are shown in http://quanti.hypotheses.org/631/
red is humanities
blue is economics
green is scientific
[apparently vocational studies are gaining ground, and humanities are declining, a good thing considering the job market]