Paris is the capital of France, with a population of 2.2 million. For centuries, it is one of Europe’s major centre for finance, commerce, fashion, science, and arts. It is also the 5th largest city by GDP in the world.
Strategically located in central Europe, Paris is Europe’s top business region with the highest GDP. It accounted for 31% or US$850 billion (S$1.1 trillion) of the country’s GDP in 20171. The city is home to over 816,000 businesses in the Paris region, from high-tech sectors to traditional industrial activities.
Paris is the most populous city in France, with a population of 2.2 million and a population of 12.2 million in the greater Paris Region. Bank on Paris’ large consumer market and its vibrant industries to enter the French market.
1 INSEE, 2017
Consider expanding your business in the technology space to capitalise on Paris’ well-developed innovation ecosystem.
Paris has become an innovation hotspot, and is noted for being one of the top cities for developing startups in Western Europe2. This is due to its well-developed venture capital industry, world-class universities and research institutions, and a growing number of co-working spaces and accelerators.
This ecosystem is helped by communities such as France Digitale and La French Tech which aim to encourage the growth of French startups.
2 European Digital City Index 2016, Nesta, 2016
The well-connected city makes for fast travel times and increased productivity for your business.
The city has three international airports, and three ports along the Seine – Paris, Rouen and Le Havre. In addition to a dense and efficient metro and bus system, Paris is at the hub of an extensive and efficient rail network that offers connections to major European cities like Barcelona, Berlin, London, Milan, Stockholm, and Vienna.
As a top tourist destination, Paris offers another avenue of opportunity that you can explore for your French venture. Paris is famous for being popular with tourists, with over 40 million visitors in 20173. Home to four UNESCO World Heritage Sites, the city has the world’s biggest hotel industry with 150,000 hotel rooms.
A key attraction is Paris’ unique cultural heritage, with world famous landmarks, museums and cathedrals.
3 Paris Convention and Visitors Bureau, 2017
If you are keen to explore partnerships with French companies or take your business to France, write to us: firstname.lastname@example.org
Stay updated on the latest market opportunities for your company when you sign up for our monthly newsletter.
Find out what are some events your business can participate in France:
VivaTech: Startup and innovation
SIAL: International Food Exhibition
Aeromart: Procurement event for Aerospace