Germany tops US as most attractive country for foreign direct investment

euronews (in English)

Germany replaced the United States to become the top place to invest in 2023 with foreign direct investment amounting to €410 billion, latest Eurostat figures show.

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00:00Germany replaces the United States as the top ultimate investing economy.

00:10Slow economic growth, high inflation, rising global geopolitical tensions and soaring energy

00:16prices have made it challenging for European countries to attract foreign direct investment

00:22in recent years.

00:24In 2023, 11 EU countries received 3.26 trillion euros in FDI.

00:32Germany replaced the United States as the top ultimate investing economy, making investments

00:37worth 410 billion euros.

00:40This represents 12.6% of the over 3 trillion total for 2023.

00:47The United States dropped to second place as an ultimate investor, contributing 406

00:54billion euros.

00:55That's followed by France with 356 billion euros and the United Kingdom with 290 billion

01:05euros.

01:06In terms of projects, IT services, business services and transportation and logistics

01:12were the hottest areas for FDI in 2023.

01:17Investors claim that the main risks affecting Europe's attractiveness over the next three

01:21years will be finding a regulatory balance between protection and innovation and maintaining

01:27manufacturing competitiveness.

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