In the context of the crisis linked to Covid19, elements of an analysis and information on Paris’ economy have been gathered to provide material for both the Parisian and metropolitan recovery plans and more broadly for all key players involved.
Carried out by the Paris Urbanism Agency (Apur) and the City of Paris Department of Attractiveness and Employment - Direction de l’attractivité et de l’emploi - (DAE), this document draws on different data sources and is based on initial exchanges with institutional partners and economic players.
The results show Paris to have been more affected by the lockdown measures than the rest of Ile-de-France, due to the way jobs in Paris are structured: loss of jobs (calculated on the GDP which is the total sum of value added by companies) is estimated at -37.5% in Paris, compared with -37.2% in Ile-de-France. Among sectors represented more in Paris than in Ile-de-France and in France as a whole, there are three sectors that form the Parisian identity, which were particularly affected: community services (216,000 jobs, 12% of Parisian jobs), culture (171,000 jobs, approximately 10%), shops, accommodation and catering (320,000 jobs, that is approximately 16%).
The analysis of the measures put in place by the State and Regional authorities, shows that they are playing their role in absorbing the shock, however, for some of the most affected companies these measures are insufficient (particularly in the sectors of tourism, catering, professions linked to culture and the arts and companies under a year old…).
In addition to these measures, Métropole du Grand Paris and the City of Paris have announced plans for specific aid. Among these support initiatives, priority is given to support and encourage an impact based economy : support for positive impact companies, local production, more responsible consumption on the one hand and on the other the development of by-laws that boost certains sectors of activity, to enable mixed use and to act upon the m² produced.
It will be useful to continue this analysis in the months to come and to carry out a monitoring procedure of a crisis that is not over. This observation in the more long term will be done in liaison with the various Parisian and Metropolitan players.
