Economic Report
A Transatlantic Economic Partnership Driving Growth
The economic relationship between France and the United States is one of the world’s most dynamic and enduring. In 2024, bilateral trade in goods and services reached a record $161 billion, while French and American companies invested nearly $500 billion in each other’s economies. These ties fuel 1.2 million jobs, drive innovation, and reinforce our shared competitiveness on the global stage.
As the Midwest continues to position itself as a hub for advanced manufacturing, life sciences, transportation, and clean energy, France remains a vital partner in building resilient supply chains, attracting investment, and creating opportunities for communities on both sides of the Atlantic.
The Midwest at the Heart of U.S.–France Ties
The Chicagoland Economic Outlook underscores the region’s role as a global powerhouse, ranking as the 3rd largest economy in the U.S. with a GDP of $886 billion. With the most diverse economy in the nation, world-class infrastructure, and more than 4.8 million workers, Chicagoland is uniquely positioned to deepen its international partnerships.
France already plays a strong role in the Midwest:
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47,469 Illinoisans are employed by French companies across 930 locations.
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Major French investments in aerospace, manufacturing, and energy continue to expand across the region.
Key Takeaways
From the France–U.S. 2025 Economic Report:
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$371 billion invested by French companies in the U.S. in 2023
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Nearly 768,000 U.S. jobs created by French companies.
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France ranks among the top 5 foreign investors in greenfield projects in 17 U.S. states
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Innovation is central: French companies invested over $5 billion in U.S. R&D in 2022, filing more than 10,000 patents annually
From the Chicagoland Economic Outlook (World Business Chicago):
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#1 metro for corporate relocation & site selection for 12 years.
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$295 billion in trade flows through O’Hare Airport in 2024.
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Strategic focus on growth sectors: life sciences, digital tech & AI, clean energy, and advanced manufacturing.
Why It Matters
For our members and partners, these reports offer clear signals:
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The Midwest is a critical gateway for French companies seeking growth in the U.S. market.
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France remains a committed and innovative partner, investing in jobs, technology, and sustainable industries across the region.
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Together, we are shaping the future of transatlantic trade, investment, and innovation