Philip Morris Puts Its European Economic Footprint at 343 Billion Euros Between 2021 and 2025

Philip Morris International presented its second EU Economic Footprint study on October 15 at the Solvay Library in Brussels, prepared by the consulting firm EY Parthenon. The report puts the company's contribution to the European economy between 2021 and 2025 at 343 billion euros, an amount equivalent to roughly 0.4 percent of European GDP over that period.

According to the study, the tobacco company spent 22.3 billion euros with European suppliers, invested 27.4 billion in its operations on the continent, and dedicated 2.6 billion to research and development.

On employment, the company's activity sustained around 164,000 jobs in 2025, of which roughly 22,500 are direct employees, in addition to jobs generated through its supplier network and the wider economy.

The report also puts numbers on the business's transformation: more than half of Philip Morris's European revenue now comes from smoke free products, and 17 of its 19 European factories have been converted to make them. The company also invested 500 million euros in the agricultural sector over the five years studied, and 16 billion globally in research and development for smoke free products.

Philip Morris presents innovation as the central axis of that transformation and says it works with around 50,000 companies across factories, agricultural operations and research centers, while positioning Europe as a key hub for its global supply chains and its exports beyond the European Union.