My third observation is that the euro area is an attractive place for FDI. A breakdown reveals that inward FDI amounts to more than 27% of euro area GDP, against 22.5% for the United States. The euro area seems to have received, proportionally to GDP, a similar amount of FDI as China – 27.3% for both economies – according to IMF statistics.
In net terms, the stock of direct investment abroad is only slightly higher than that of FDI within the euro area (30.4% against 27.3%, respectively). My fourth observation concerns bilateral FDI linkages of the euro area.