The French Economic Footprint in our constituency
France and the United States, in addition to their strong relationship at the political level, have deep economic ties that are mutually beneficial. These trade and investment flows support growth, jobs and innovation in both countries. Find all information about the relationship between France and New York, New Jersey and Connecticut.
August 2018 update:
France and the U.S. traded over $139 billion in goods and services in 2017, up 16 % from 2016.
There are $268 billion of French FDI stock, making France the 6th largest foreign investor. The U.S. is France’s #1 source of foreign investment with $78 billion FDI stock.
French firms have created 678,600 jobs in the U.S., making them the 3rd largest foreign employers in the U.S. It was the fastest growing source of job in the U.S. in 2017. 194,000 of those jobs are in the manufacturing sector. U.S. firms employ 481,000 people in France.
French affiliated firms invest $ 5 billion in R&D annually. France is the U.S. #1 source of R&D in electronics and IT, while the U.S. is France’s #1 source of foreign R&D overall.