The statistic shows the national debt of France from 2019 to 2022, with projections up until 2029. In 2022, the national debt of France amounted to around 3.19 trillion U.S. dollars. For comparison, the Greek debt amounted to approximately 392.27 billion euros that same year. French national debt and developments in taxationFrance currently has one of the highest national debt levels of any of the world’s nations. Debt in the European Union’s second-largest economy is currently at around 97 percent of GDP. The cost of interest on the country’s debt alone comes in at over 1,600 euros per second; every man, woman, and child in France, of which there are 65.3 million in total, takes a share of just under 28 thousand euros of the debt.On 6th May 2012, the incumbent French President was defeated by François Hollande, leader of the French Socialist Party. The new President vowed to develop and change the tax system of France, announcing wide-ranging economic policies in a bid to balance the nation’s budget and right what he considered to be social wrongs. He pledged and supported the separation of lending and investment banks, as well as proposing sweeping changes to the French tax system. The introduction of the measure of capping tax loopholes at a maximum of ten thousand euros per year and questioning the solidarity tax on wealth, the annual direct wealth tax on those with assets above 1.3 million, were also part of Hollande’s proposals. The President has also signaled his intention to implement an income tax rate of 75 percent on revenue earned above one million euros per year. He stated the allocation of the revenue from this tax would be used to develop the deprived suburbs and to balance the nation's budget by 2017. France is a country brimming with big business and millionaires. The nation is home to the most millionaires in Europe; 2.6 million in total.

France recorded a Government Debt to GDP of 113 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - France Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Debt in France increased to 3345.80 EUR Billion in the first quarter of 2025 from 3305.30 EUR Billion in the fourth quarter of 2024. This dataset provides the latest reported value for - France General Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about France Government Debt: % of GDP

• France Government debt accounted for 110.6 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 111.7 % in the previous quarter.
• France government debt to GDP ratio data is updated quarterly, available from Dec 1995 to Dec 2023.
• The data reached an all-time high of 117.5 % in Mar 2021 and a record low of 56.1 % in Dec 1995.

• In the latest reports, France National Government Debt reached 3,409.6 USD bn in Mar 2024.
• The country's Nominal GDP reached 736.3 USD bn in Mar 2023.

This graphic depicts the public debt of France from 2004 to 2023 as a percentage of Gross Domestic Product (GDP). Since 2008, the French public debt has continuously risen and reached its highest in 2020. However, since this peak of 2020, the public debt has started decreasing and was nearly 117 percent of the GDP in 2023.

Graph and download economic data for General government gross debt for France (GGGDTAFRA188N) from 1980 to 2023 about France, gross, debt, and government.

In the third quarter of 2024, Greece's national debt was the highest in all the European Union, amounting to 158 percent of Greece's gross domestic product. In spite of Greece's total being high by EU standards, it marks a substantial decrease from the historical high point reached by the country's national debt of 207 percent of GDP in 2020. Italy, France, Spain, Belgium, and Portugal also all have government debt worth over one year's production of their economies, while the small Baltic country of Estonia has the smallest national debt when compared with GDP, at only 24 percent. In debitum incrementum?A country’s national debt, also known as government debt or public debt, is defined as all borrowings owed by the government of a country. It usually comprises internal debt – owed to other governmental departments – and external debt, which is held by the public and is owed to government bond owners. National debt can be caused by a struggling economy in general, or by low tax income, which usually leads to money being borrowed from other governments for support, which in turn cannot be paid back right away. At first glance, a high national debt is not always a sign of a struggling economy – but since increasing debt can slow down economic growth significantly, it is imperative for the respective government to seek a steady reduction in the long run.

This horizontal bar chart displays central government debt (% of GDP) by region using the aggregation average, weighted by gdp in France. The data is about countries per year.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

This horizontal bar chart displays central government debt (% of GDP) by date using the aggregation average, weighted by gdp in France. The data is about countries per year.

This statistic shows the gross domestic product (GDP) in France from 1987 to 2024, with a projection up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. In 2024, the GDP in France was around 3.16 trillion U.S. dollars. Economy of France France is an economically developed nation and one of the members of the G7. France is also considered to be one of the leading countries in Europe, often seen as the second most important nation in the European Union behind Germany. France has a relatively high gross domestic product (GDP), being one of the top 10 countries with the largest GDP in the world in 2014. Despite this, the country is still ranked in the top 20 in regards to its public debt compared to its GDP in the same year. A high debt-to-GDP ratio demonstrates a country’s ability to produce and sell goods and services in order to be able to pay back its debts, however producing and selling these goods should not result in more debts. France’s national debt slightly increased year-over-year up until 2014, most notably between 2008 and 2009. Additionally, France reported a large trade deficit in 2012, a value almost 5 times larger compared to the previous year, indicating that the country is importing much more than it is exporting. This often leads to higher debts due to a need to borrow more money to produce goods.

This horizontal bar chart displays central government debt (% of GDP) by demonym using the aggregation average, weighted by gdp in France. The data is about countries per year.

This statistic shows the national debt in the member states of the European Union in the second quarter of 2024. The data refer to the entire state and are comprised of the debts of central government, provinces, municipalities, local authorities and social security. In the second quarter of 2024, Greece's national debt amounted to about 369.4 billion euros. National debt in the EU member states National or government debt is the debt owed by a central government. No country in the European Union is debt-free, although some are able to manage their debts better than others. Debt is influenced by the economic situation of a country, factors such as unemployment, the rate of inflation or the trade figures have a significant impact on its extent, and are, in turn, influenced by the national debt. The economic crisis has hit some EU countries harder than others; Spain, Ireland and Greece especially have been struggling economically since 2008. Greece’s national debt has skyrocketed over the past few years, and the same can be said about Spain and Ireland. Other EU countries, like France and the United Kingdom have been affected as well, albeit not as severely. The national debt of a country can be reduced by applying several measures: money can be borrowed (for example in the form of rescue packages), austerity programs can be enforced, taxes can be increased or central banks can inject liquidity into the economy through the implementation of quantitative easing policies. Some critics of the policy claim that this could lead to a higher level of inflation, which, if severe enough, could have a detrimental impact on living standards.

This horizontal bar chart displays central government debt (% of GDP) by ISO 2 country code using the aggregation average, weighted by gdp in France. The data is about countries per year.

Government debt as a share of gross domestic product has risen for almost all of Europe's largest economies since the mid-20th century. While until the 1970s it was common for European countries to have debt levels of less than 20 percent of their GDP, with the onset of economic crises related to international financial instability and oil price shocks, the long-term slowdown of economic growth in Europe, and the substantial public spending burdens which states had incurred due to the expansion of welfare and social services, European governments began to amass significant amounts of debt.

Which European countries are the most indebted? Italy stands out as the country in Europe which has experienced the largest secular increase in its government debt level, with the southern European country having debt worth 1.4 times its GDP in 2022. Spain, the United Kingdom, and France have also experienced long-run increase in their debt levels to between 90 and 100 percent in 2022. Germany and Turkey, on the other hand, have experienced more gradual increases in their public debt, with both countries having debt worth less than half their GDP. Russia stands as an outlier, due to the fact that its debt level has fallen dramatically since the 1990s. After the eastern European country's transition from communism and particularly after the financial crisis it experienced in 1998, the Russian state has severely cut back on public expenditure, while also having little need to borrow due to the state ownership of the country's vast natural resources.

The statistic shows the 20 countries with the lowest national debt in 2023 in relation to the gross domestic product (GDP). The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance. In 2023, Russia's estimated level of national debt reached about 19.66 percent of the GDP, ranking 17th of the countries with the lowest national debt. National debt and GDP The debt-to-GDP ratio is an indicator of a country’s ability to produce and sell goods in order to pay back any present debts, however these countries should not retain newer debts in the process. Many economists believe that if a country is able to produce more without impairing its own economical growth, it can be considered more stable, particularly for the future. However, the listed countries, with the exception of Russia and Saudi Arabia, are not necessarily economic first-world powers. Additionally, economically powerful countries such as the United States and France maintain one of the highest debt-to-GDP ratios, signifying that occurring debt does not necessarily damage the state of the economy and is sometimes necessary in order to help develop it. Saudi Arabia has maintained one of the lowest debt-to-GDP ratios due to its high export rates, which primarily consist of petroleum and petroleum goods. Given the significance of oil in today’s world, Saudi Arabia produces enough oil and earns enough revenue to maintain a high GDP and additionally refrain from incurring debt.

The outstanding value of Germany's general government debt securities has shown an upward trend from 2000 to the first quarter of 2024, rising from approximately *** billion U.S. dollars to nearly *** trillion U.S. dollars. The largest increase occurred between 2019 and 2020, when government debt securities went from *** trillion to three trillion U.S. dollars.

France Government Bond Yield: Monthly Average: 10 Years data was reported at 3.295 % in Apr 2025. This records a decrease from the previous number of 3.478 % for Mar 2025. France Government Bond Yield: Monthly Average: 10 Years data is updated monthly, averaging 4.046 % from Jan 1986 (Median) to Apr 2025, with 472 observations. The data reached an all-time high of 10.704 % in Oct 1987 and a record low of -0.343 % in Aug 2019. France Government Bond Yield: Monthly Average: 10 Years data remains active status in CEIC and is reported by Banque de France. The data is categorized under Global Database’s France – Table FR.M008: Government Bond Yield: Monthly Average.

Of the G7 countries, Japan had the highest net debt in terms of share of gross domestic product (GDP) between 2010 and 2024. That year, Japan's government's net debt reached an estimated *** percent of its total GDP. Italy had the second highest debt rate at *** percent of its GDP, whereas Canada had the lowest at only ** percent.

France's total budgetary expenditure in 2025 was nearly 844 billion euros. The first item of expenditure was Refunds and rebates, with more than 148 billion of investment. Advances to local authorities were the second sector of public investment with more than 134 billion euros. The COVID-19 recovery plan Following the economic crisis linked to the COVID-19 pandemic in France, the French government has opened a budget of 36 billion euros for 2021. This recovery plan is intended for individuals, companies, local authorities, and administrations and is based on three themes: the economic, social, and ecological reconstruction of the country. Added to this budget is the emergency plan for the health crisis with aid to businesses.This vast plan, initiated at the very beginning of the crisis, has made it possible to limit the increase in unemployment in France, thanks to partial unemployment and the company closures through subsidies and state loans at zero interest. The economic model in the face of debt Although the economy is rapidly liberalizing in France, its economic system is still based on the principle of the welfare state, which intervenes regularly in the country's economy and finances to ensure that social services are developed for the well-being of its citizens.But this model is very expensive, the country keeps having a rather high debt level. In 2024, the public debt in France reached 112 percent of the GDP.