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16 Oct 2017

EIC 2016 Statistics: International Turnover declines from peak level

International turnover of European contractors affiliated to EIC's Member Federations was slightly lower in 2016 at €172 billion, down 5% compared with 2015 – when turnover peaked at €180 billion.

This drop in international turnover is mainly due to lower turnover in Europe, the Middle East and Central and South America. International turnover in Europe fell by 4% to €72 billion. In the Middle East, the drop was steeper as turnover fell by 17% to € 20 billion, thus correcting the comparably high value of the previous year. In Central and South America revenues came to €11 billion, down 15% year-on-year.

Revenues in North America and Africa, however, were stable at €29 billion and €15 billion respectively. Turnover in Asia, Oceania and Australia combined rose by 8% to €26 billion.

In 2016, French contractors continued to lead the field with a total international turnover of €36 billion, followed by German contractors with €25 billion and Turkish contractors with €22 billion.

However, when looking at business outside of the OECD countries, Turkish international contractors contributed the largest share of turnover with €17 billion, followed by French contractors with €10 billion and Italian contractors with €8 billion.