France-US 2023 economic report [fr]

The France and United States Economic Report 2023 is now available and highlights a relationship driving job creation, growth and innovation between our two countries. Packed with key insights and up-to-date analysis, this report underlines the strength and potential of the French American economic partnership. As a confirmation of this potential, trade in goods and services between France and the U.S. has increased significantly (+32% over a year), reaching $152.8 bn in 2022, its highest-ever level in value.

As the 6th biggest investor in the United States, no less than $326 bn were invested by French companies by 2021, up almost 5% compared to 2020. Conversely, the U.S. retains its position as the leading investor in France, with an FDI position amounting to over $106 bn. Overall, the total bilateral investments between the United States and France amount to close to $432 bn by 2021. As for jobs creation, France ranks in the top 3 of foreign direct investment in greenfield projects in 8 U.S. States and is one of the five leading foreign investors in such projects in 19 U.S. States.

Taking a close look at Louisiana, a historic +294% increase in trade has been recorded between 2011 and 2022. It has reached an unprecedented $5,833 Million in 2022, highlighting the strong ties existing between France and the Pelican State. Also, no less than 9,900 jobs were created by French companies, accounting for 13% of the jobs created by foreign companies. France is now the third largest creator of jobs in Louisiana. Imports from France are also on the rise, representing $447 million in 2022.

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