A dynamic economy at the heart of Europe

Competitive and Globalized

Located at the heart of the world’s largest consummer market, France provides an ideal springboard not only to Europe but also to Africa and the Middle East.

A strong diversified economy

A dynamic economy and market

· France is Europe’s second largest economy and the fith largest in the world.
· France is Europe’s second largest consumer market, with 65 million inhabitants.
· France is the world’s leading tourist destination, with 83 million visitors (World Tourism Organization (UNWTO), 2013).
· With its overseas territories, France’s inluence extends to all the world’s oceans; it has the second largest exclusive economic zone (11 million sq. km.) after the United States, and shares a border with Brazil (French Guiana).

World-class industrial sectors

· France is Europe’s largest aerospace and nuclear industries.
· France is Europe’s second largest agri-food and chemical industries.
· France is Europe’s third largest ICT and pharmaceutical sectors.

French companies at the forefront of their sectors

· Of the world’s top 500 companies, 31 are French (Germany has 29 and the United Kingdom 26). This puts France joint fourth in the world alongside Germany. (Source: Fortune Global 500, 2012)
· 12 French companies or institutions are among the 100 most innovative organizations in the world (source: Thomson Reuters, 2013). France is ranked first in Europe, ahead of Sweden (three organizations), Switzerland (3), Germany (1), and Belgium (1).

At the heart of the world’s leading economic region

· The combined GDP of the European Union’s 28 Member States exceeds that of the United States (source: IMF, 2012); the European Single Market boasts more than 500 million consumers with high purchasing power.
·  In 2012, the European Union received US$258.5 billion in foreign direct investment inflows,significantly higher than the United States (US$167.6 billion). (Source: UNCTAD, 2013)
· Technological power, with one and a half million researchers.
· While the European Union spends less on R&D as a percentage of GDP than the United States or Japan, European companies file a similar number of triadic patents (giving protection in Europe, North America and Japan). (Source: OECD, 2013)
·  A Europe that is committed to deeper economic and monetary union and to reducing government deficits. A €120 billion growth pact was adopted by the European Council in June 2012.

Paris: the euro zone’s leading financial center

· Dynamic stock and bond markets: Euronext is Europe’s second largest stock market by equity trading value, with almost €2,000 billion traded in 2012. The French bond market accounts for 35% of euro-denominated corporate bond issues in Europe.
· Paris is the leading investment center in continental Europe, and the second largest in the world for investment funds (after the United States) with more than €2,600 billion of assets under management.
· A sound, well-diversified banking sector: four French banks among the 10 largest in Europe.
· Leading insurance companies in Europe are in Paris: turnover of more than €200 billion and more than 1,880 billion of investment in the French economy.(Source: Paris Europlace, December 2013)
· Paris is Europe’s second largest private equity industry (after London) with finance for more than 1,500 SMEs in 2012.
· Paris is the leading location in Europe for multinational firms, ahead of London and Frankfurt, while international investors are well represented in French financial markets, accounting for 40% of market capitalization.
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