The volume of international business expansions to and in
Europe's largest economy increased
by over 37 percent last year.
BERLIN, May 14, 2024
/PRNewswire/ -- Germany attracted
34.8 billion euros worth of
international business projects in 2023 – that's the result of
Germany Trade & Invest's (GTAI) annual FDI study. The figure
includes both greenfields and expansions. It does not include any
mergers or acquisitions. The comparable figure for 2022 was
25.3 billion euros – meaning that
2023 brought an annual increase in volume of 37.5 percent. The raw
number of foreign direct investment projects, 1759, was down
slightly (24 projects fewer) from 2022.
For comparison, according to data from fDi Markets, foreign
direct investment was up 2.6 percent worldwide. In Europe FDI
decreased by 7.4 percent, and in Western
Europe by 8.8 percent.
Eleven projects in Germany
involve planned investments of more than 500
million euros. Eight are greenfields, while three are
expansions within Germany. Eight
projects involve planned investments exceeding one billion euros.
"Despite the difficult global business climate and negative
headlines, Germany continued last
year to attract premium projects from some of the world's leading
companies, including Apple, Roche, Eli Lilly, British Petroleum and
the Taiwan Semiconductor Manufacturing Company," says Germany Trade
& Invest CEO Robert Hermann.
"That's no wonder because Germany
is Europe's largest market, a
secure and reliable business enviroment, and a world leader in
research and development with a highly skilled workforce."
Major FDI projects were announced in the areas of
digitalization, healthcare and life sciences, energy and resources,
electronics and automation, and mobility and logistics. The leading
country of origin was the United
States, followed by Switzerland, China, the United
Kingdom, the Netherlands
and France. 36 percent of FDI
projects came from European Union countries, and 28 percent from
non-EU European countries.
"The breadth of international companies' projects in
Germany in 2023, both in terms of
sector and country of origin, illustrates the fundamental solidity
and strength of Germany as a
business location," says Hermann. "For companies expanding to and
within Europe, Germany is simply an excellent place to do
business. Germany's ongoing
digitalization and transition to sustainable energy create great
opportunities for companies with innovative, future-oriented
solutions."
The report can be accessed here Germany Trade &
Invest's FDI Reports (gtai.de). The Germany Trade & Invest
2023 FDI Report is based, among other things, on information
collected from the 16 regional states that make up the Federal
Republic of Germany with the
intent to provide a comprehensive overview of FDI in Germany. The figures given include greenfields
and expansions, but do not include mergers, acquisitions or
takeovers. Germany Trade & Invest is the national German
government's agency for international business promotion.
Contact: Jefferson
Chase
+49 1796873724
jefferson.chase@gtai.de
Germany Trade & Invest
Friedrichstrasse 60
10117 Berlin
Germany
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SOURCE Germany Trade & Invest