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.