France Trade building
30 October 2014
Content published under the Government Valls II from 2014 26th August to 2016 10th February

France moves up seven places in World Bank ranking

In 2014, France moved up seven places in the World Bank’s attractiveness ranking
 
We have thus climbed to 31st place out of 189 countries. It is a fact: France has become more attractive for foreign investors and companies since 2012. The reforms embarked on to increase competitiveness are bringing significant results. In terms of starting a business, France has moved up 13 places (to 28th position). On investor protection, France has climbed 63 places (to 17th in the world). On enforcing contracts – a sign of reliability for investors – France stands in 10th place globally (with Germany 13th and the UK 36th). The new edition of the France Attractiveness Scoreboard for 2014 also highlights France’s main strengths.
 
  1. In 2014, it takes only 4.5 days to start a business in France, compared with 6 in the UK and 14.5 in Germany;
  2. One of France’s great strengths lies in the very advantageous siting costs it offers foreign companies. According to the study Competitive Alternatives, published by KPMG in 2014, companies’ total costs are 2.6% lower in France than in the United States;
  3. France is the world’s sixth economy in terms of productivity per hour worked. And on average, working hours are as long as our European partners’. In particular, managers and directors work an average of 44.3 hours compared to 43 in Germany and 43.8 in the UK;
  4. France now demonstrates good control of its cost competitiveness. Thanks to the competitiveness and employment tax credit, hourly labour costs in France remained stable in 2013, whereas they increased in the Euro Area as a whole (+1.4%) and in Germany (+2.6%);
  5. French taxation of R&D expenditure is the most favourable in the world, thanks to the R&D tax credit, which has been ring-fenced. Last year, more than 14,000 companies saved a total of €4.2 billion as a result of the R&D tax credit.
Through the simplification of procedures for companies, the law on job security and the Responsibility and Solidarity Pact, the Government has committed, is committed and will remain committed to the country’s attractiveness and competitiveness.

Source of English text: France in the UK