French net direct investment flows were back in surplus in 2016

Andréa Parasmo and Jean-Luc Cayssials

Quarterly selection of articles - Bulletin de la Banque de France, 2017, issue 48, 35-44

Abstract: The improvement in the global economic environment continues to support direct investment transactions in France. In 2016, French net direct investment transactions reported a surplus of EUR 26 billion, after the slightly negative balance reported in 2015. The value of investments abroad made by French residents was more than double the value of non-resident investments in France. French direct investments abroad amounted to EUR 52 billion in 2016, more than three times the EUR 15 billion low recorded in 2013. France resumed its investments in non-resident manufacturing. Investments continued to be concentrated in the euro area and the United States, but gained ground in the new economic growth areas represented by emerging markets. For the first time since 2008, French residents disinvested in the United Kingdom. French companies continued to attract non-resident investors (around EUR 26 billion in direct inward investments), who diversified their transactions by participating in fund-raising for new technology firms. Finland and Luxembourg were the two main investor countries in France, while China and Hong Kong, and the countries of the Near and Middle East took on an increasingly influential role. By contrast, for the second year running, the United States disinvested in France.

Keywords: direct investments; international investment; position; new economy; investor; country; destination country; ultimate investor (search for similar items in EconPapers)
JEL-codes: F21 F23 G34 L22 (search for similar items in EconPapers)
Date: 2017
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