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 110.60 percent of the country's Gross Domestic Product in 2023. 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.

In 2024, public debt in France represented 112.3 percent of the country’s GDP. According to the source, public debt in France is supposed to remain stable in the upcoming years. There was a substantial increase between 2019 and 2020 due to the Covid-19 pandemic and the French government's economic response to it. Since 2005, public debt in France is increasing making the country one of the most in debt of the European Union.

A debt country

Public debt, also known as national debt, appears to be the difference between what a government is receiving and spending in a year. It is the accumulation of annual budget deficits, which happened when the government was spending more than receiving. Public debt in France is increasing since 2007, while the debt interest expenditure amounted to more than 45 billion euros in 2022.

France’s revenue and spending

Most of French public debt is generated by the State, in comparison with the social security system and the regional and local authorities. The budget balance of the country has been negative for years and does not appear to reach a positive one in the future. France spends most of its budget on tax repayments and abatement, as well as on education and defense. In 2021, France’s government spent more than 1.48 trillion euros, whereas its revenue amounted to 1.3 trillion euros. Non-tax revenue collected by the state came in majority from dividends, while it collected 70 billion euros by levying taxes on income and 140 billion euros through VAT in 2016.

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.

Related information about France Government Debt: % of GDP

• 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.

The ratio of national debt to gross domestic product (GDP) in France was forecast to continuously increase between 2024 and 2029 by in total 11.8 percentage points. After the sixth consecutive increasing year, the ratio is estimated to reach 124.1 percent and therefore a new peak in 2029. Depicted here is the general government's gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like the Netherlands, Belgium, and Luxembourg.

Key information about France Household Debt: % of GDP

• France household debt accounted for 74.2 % of the country's Nominal GDP in Dec 2023, compared with the ratio of 77.8 % in the previous year.
• France household debt to GDP ratio is updated yearly, available from Dec 1977 to Dec 2023.
• The data reached an all-time high of 81.0 % in Dec 2020 and a record low of 19.6 % in Dec 1977.

CEIC calculates annual Household Debt as % of Nominal GDP from quarterly Household Debt and annual Nominal GDP. The Banque de France provides Household Debt in EUR. National Institute of Statistics and Economic Studies provides Nominal GDP in EUR. Household Debt includes Sole Proprietorship.


Related information about France Household Debt: % of GDP

• In the latest reports, France Household Debt reached 2,335.5 USD bn in Sep 2024.
• Money Supply M2 in France increased 0.8 % YoY in Nov 2024.
• France Foreign Exchange Reserves was measured at 29.5 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 0.5 Months of Import in Nov 2024.
• France Domestic Credit reached 5,416.5 USD bn in Oct 2024, representing an increased of 1.4 % YoY.
• The country's Non Performing Loans Ratio stood at 2.4 % in Dec 2021, compared with the ratio of 2.7 % in the previous year.

Key information about France External Debt: % of GDP

• France External Debt accounted for 244.9 % of the country's Nominal GDP in 2023, compared with the ratio of 243.0 % in the previous year.
• France External Debt: % of Nominal GDP data is updated yearly, available from Dec 2004 to Dec 2023.
• The data reached an all-time high of 264.9 % in Dec 2020 and a record low of 123.0 % in Dec 2004.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The Banque de France provides External Debt in EUR based on BPM6. National Institute of Statistics and Economic Studies provides Nominal GDP in EUR. External Debt prior to 2008 is based on BPM5, sourced from the Banque de France.


Related information about France External Debt: % of GDP

• In the latest reports of France, Current Account recorded a deficit of 3.4 USD bn in May 2024.
• Foreign Direct Investment (FDI) fell by 111.3 USD mn in May 2024.
• France Direct Investment Abroad expanded by 2.2 USD bn in May 2024.
• Its Foreign Portfolio Investment increased by 132.8 USD bn in Mar 2024.
• The country's External Debt reached 7,806,404.8 in Mar 2024.
• The country's Nominal GDP was reported at 736.3 USD bn in Mar 2023.

This graphic depicts the public debt of France from 2004 to 2022 as a percentage of Gross Domestic Product (GDP). Since 2008, the French public debt continuously rose and reached its highest in 2020 with 146 percent of the GDP. However, since this peak of 2020, the public debt started decreasing and was equal to 117.3 percent of the GDP in 2022.

Private Debt to GDP in France decreased to 268.20 percent in 2023 from 278.80 percent in 2022. France Private Debt to GDP - values, historical data, forecasts and news - updated on March of 2025.

This statistic shows the government debt interest expenditure in France from 2010 to 2022, in billion euros. The debt interest expenditure peaked in 2022, at 45.8 billion euros, the highest since 2011.

External Debt in France increased to 7352710 EUR Million in the third quarter of 2024 from 7166551 EUR Million in the second quarter of 2024. This dataset provides - France External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

France debt to gdp ratio for 2022 was 98.66%, a 18.23% decline from 2021.

• France debt to gdp ratio for 2021 was 116.89%, a 6.29% decline from 2020.
• France debt to gdp ratio for 2020 was 123.17%, a 18.21% increase from 2019.
• France debt to gdp ratio for 2019 was 104.96%, a 3.34% increase from 2018.

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Graph and download economic data for Outstanding International Private Debt Securities to GDP for France (DDDM05FRA156NWDB) from 1980 to 2020 about France, debt, securities, private, and GDP.

France Debt: GG: Local Government data was reported at 199.400 EUR bn in Jun 2018. This records a decrease from the previous number of 200.100 EUR bn for Mar 2018. France Debt: GG: Local Government data is updated quarterly, averaging 124.700 EUR bn from Dec 1995 (Median) to Jun 2018, with 91 observations. The data reached an all-time high of 201.500 EUR bn in Dec 2017 and a record low of 100.200 EUR bn in Jun 2002. France Debt: GG: Local Government data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.F005: Central Government Debt: Maastricht Definition.

France Net Debt: GG: State data was reported at 1,713.700 EUR bn in Jun 2018. This records an increase from the previous number of 1,691.200 EUR bn for Mar 2018. France Net Debt: GG: State data is updated quarterly, averaging 881.500 EUR bn from Dec 1995 (Median) to Jun 2018, with 91 observations. The data reached an all-time high of 1,713.700 EUR bn in Jun 2018 and a record low of 441.100 EUR bn in Dec 1995. France Net Debt: GG: State data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.F005: Central Government Debt: Maastricht Definition.

Forecast: Social Security Government Debt in France 2024 - 2028 Discover more data with ReportLinker!

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 600 billion U.S. dollars in 2000 to approximately 3.1 trillion U.S. dollars in early 2024. The largest increase occurred between 2019 and 2020, when government debt securities went from 2.4 trillion to three trillion U.S. dollars.

Graph and download economic data for Outstanding Domestic Private Debt Securities to GDP for France (DDDM03FRA156NWDB) from 1996 to 2011 about France, debt, securities, domestic, private, and GDP.

In the second quarter of 2024, the volume debt accumulated by French households was bigger than their disposable income. Household debt in France amounted to nearly 112 percent of their disposable income at that time. This indebtedness ratio has increased since 2007, when it was 96 percent. However, several European countries still had much higher household debt ratios than France.

France Debt: SS: Long Term data was reported at 1,810.900 EUR bn in Jun 2018. This records an increase from the previous number of 1,790.300 EUR bn for Mar 2018. France Debt: SS: Long Term data is updated quarterly, averaging 929.000 EUR bn from Dec 1995 (Median) to Jun 2018, with 91 observations. The data reached an all-time high of 1,810.900 EUR bn in Jun 2018 and a record low of 406.700 EUR bn in Dec 1995. France Debt: SS: Long Term data remains active status in CEIC and is reported by French National Institute for Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.F005: Central Government Debt: Maastricht Definition.