A new record for Nordic & Baltic investments in France in 2024

Record-Breaking Year for Nordic and Baltic Investments in France

In 2024, the Nordic and Baltic countries set a new record with 144 investment decisions, creating or safeguarding 2,600 jobs in France. This is the best year in terms of projects and the fifth best in terms of jobs since 1993, comparable only to 2007. Despite a challenging international context, these investments demonstrate the continued commitment of the Nordic and Baltic countries to France, supported by economic and political ties. Bilateral cooperation is intensifying in strategic areas such as the green transition, artificial intelligence, health, and defense, laying the foundations for a prosperous and sustainable future for our respective nations.

Danish investments leading the way

Denmark continues to lead Nordic investments in France for the fourth consecutive year, boasting an impressive 48% growth compared to 2023 and achieving 74 investment projects in 2024. For the second year in a row, Denmark is also the top Nordic investor in terms of job creation in France, with a total of 1,146 jobs in 2024. This remarkable performance is driven by the retail sector, with major brands such as Normal, Jysk, and Bestseller accounting for a significant 81% of total Danish investments in France. Despite this substantial focus on retail, other sectors such as health, energy, and logistics are also experiencing dynamic growth and increasing investment, reflecting the growing dynamism and strong economic ties between our two countries.

Sweden’s Investment Surge in France: A 59% Increase in 2024

Although Sweden ranks second behind Denmark, it nevertheless strengthens its position as the Nordic industrial leader. With 43 projects and 851 jobs created, Sweden confirms its role as a major investor in the industrial sector. Indeed, 58% of Swedish investment decisions concern production projects, highlighting the country’s ongoing commitment to supporting and developing its industrial capabilities. This dynamic demonstrates the robustness and diversity of the Swedish economy, which continues to attract significant investments despite a complex international context.

Norway’s Investment Momentum Continues

Norway is having an exceptional year, ranking second for investment projects and third for the number of jobs created. With 14 projects generating 298 jobs, the momentum started three years ago continues. Investments are primarily concentrated in the agrifood, services, and green transition sectors, the latest one illustrates the significant rapprochement between our two countries in this crucial area.

Finnish investment projects in France is steady

Finnish companies have continued investing in France with 8 projects this year, generating 152 jobs. Half of these projects are production centres, and 25% are decision-making centres, highlighting Finland’s confidence in France as a key hub for manufacturing and business operations.

Estonian Companies Lead Baltic Investment Wave in France

The Baltic countries have seen a rise in investment projects in France, increasing from 2 in 2023 to 5 in 2024. These investments include 4 Estonian projects and 1 Latvian, creating a total of 154 jobs. These investments demonstrate that France is emerging as an attractive destination for business development for the Baltic countries.

France: A Key Destination for Nordic and Baltic Green Investments

The growth in Nordic and Baltic investments in France highlights the country’s continued appeal as an attractive destination. These investments align with both Nordic strategies and France’s objectives, particularly those outlined in the France 2030 investment plan. This plan focuses on the decarbonisation of industry, fostering the emergence of future champions in key sectors, and supporting the environmental transition. Nordic companies, renowned for their expertise in green technologies, advanced manufacturing, and digital innovation, are playing a crucial role in strengthening these sectors.

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Stay tuned as we’ll dive deep into the investments from each country and provide an overview of the key sectors involved!