France’s global economy [fr]
In 2017, France basked in the renewed confidence of foreign investors, whose investment decisions were an acknowledgement of France’s potential, highlighting the country’s key strengths in various job-creating and high value-added sectors.
Selected key figures
-* 1,298 investment decisions, up 16% from 2016, with the best results for more than a decade. On average, 25 foreign investment decisions were made in France every week.
-* 33,489 jobs created or maintained, a level only bettered once in the last decade.
-* 412 new companies decided to expand their business by investing in France in 2017, making up 32% of all investment projects recorded in the Annual Report.
-* 23% year-on-year rise in manufacturing projects, of which 16% were from German investors prioritizing France as its number one target for foreign investment in Europe.
-* 9% year-on-year rise in R&D projects, an area dominated by American investors targeting France as a choice location for their innovative operations.
- The United States reclaimed first place among source countries of foreign investment in France, while 58% of investment came from European countries (down two percentage points from 2016).
-* 84% (+10 percentage points) of foreign investors point to the attractiveness of the French economy.
Growth across the board in the global economy is improving the business climate. France is delivering good performances, with estimated growth of 2% in 2017. (INSEE, January 30, 2018)
France is also seen now as the second most attractive country in Europe (33%, up 18% pts), having remained third after the United Kingdom and Germany during the last decade.
France’s achievements cannot be explained away by the declining fortunes of the United Kingdom in the wake of the Brexit decision. Instead, what we can see is a solid rebound in how potentially attractive France is seen on a whole host of criteria, including the business environment, a thriving French economy, sought-after expertise in various sectors, and strong awareness in global business communities of the reforms that France has undertaken in recent years.
More than 8 in 10 business leaders believe that all of these factors are having a positive impact on France’s attractiveness to business. (Kantar Public/Business France survey)