France & the U.S. 2020 Economic Report

France & the U.S. 2020 Economic Report
April 21, 2021 Thomas Escobedo

France and the United States have deep economic ties that are mutually beneficial. These trade and investment flows support growth, jobs and innovation in both countries.

France and the U.S. traded over $139 billion in goods and services in 2019, up 7.7% over a year and up 36% over ten years.

Through their investment, French companies employ close to 780,000 people in the U.S. Similarly, American companies employ half a million people in France.

French affiliated firms invest over $5.4 billion in R&D annually. The U.S. is France’s #1 source of foreign R&D overall.

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