Germany Records Big Rise in Foreign Direct Investment in 2023

Berlin (ots) - The volume of international business expansions to and in
Europe's largest economy increased by over 37 percent last year.

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) (
https://www.gtai.de/en/invest/business-location-germany/foreign-direct-investmen
t) . 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
[phone]
mailto:[e-mail]

Germany Trade & Invest
Friedrichstrasse 60
10117 Berlin
Germany

Additional content: http://presseportal.de/pm/74441/5779146
OTS: Germany Trade & Invest