France recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - France Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

France recorded a government budget deficit of 94 EUR Billion in May of 2025. This dataset provides the latest reported value for - France Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the budget balance in relation to the gross domestic product (GDP) in France was estimated at approximately -5.79 percent. Between 1980 and 2024, the figure dropped by around 6.55 percentage points, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by about 0.35 percentage points from 2024 to 2030, fluctuating as it trends downward.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Key information about France Consolidated Fiscal Balance: % of GDP

• France Consolidated Fiscal Balance recorded a deficit equal to 6.0 % of its Nominal GDP in Sep 2024, compared with a deficit equal to 5.8 % in the previous quarter
• France Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1949 to Sep 2024, with an average ratio of -2.3 %
• The data reached an all-time high of 1.5 % in Dec 1959 and a record low of -9.7 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quaterly Consolidated Fiscal Balance and quaterly Nominal GDP. National Institute of Statistics and Economic Studies provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR.


Further information about France Consolidated Fiscal Balance: % of GDP

• In the latest reports, France National Government Debt reached 3,681.2 USD bn in Sep 2024
• France Nominal GDP reached 736.3 USD bn in Mar 2023

This statistic shows the public deficit level in France between 2007 and 2024, in billion euros. In the last quarter of 2024, France's public deficit amounted to an estimated 3305.3 billion euros.

France - General gov. deficit (-) and surplus (+) was -6.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for France - General gov. deficit (-) and surplus (+) - last updated from the EUROSTAT on July of 2025. Historically, France - General gov. deficit (-) and surplus (+) reached a record high of -2.60% in June of 2019 and a record low of -14.40% in June of 2020.

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

In 2024, the budget balance in France was estimated at approximately -182.35 billion U.S. dollars. Between 1980 and 2024, the figure dropped by around 186 billion U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by about 47.56 billion U.S. dollars from 2024 to 2030, fluctuating as it trends downward.

France Government Fund: Borrowing Requirement: Budget Deficit data was reported at 67.700 EUR bn in 2017. This records a decrease from the previous number of 69.100 EUR bn for 2016. France Government Fund: Borrowing Requirement: Budget Deficit data is updated yearly, averaging 50.200 EUR bn from Dec 1993 (Median) to 2017, with 25 observations. The data reached an all-time high of 138.000 EUR bn in 2009 and a record low of 28.500 EUR bn in 2000. France Government Fund: Borrowing Requirement: Budget Deficit data remains active status in CEIC and is reported by Agence France Tresor. The data is categorized under Global Database’s France – Table FR.F033: Government Borrowing Requirement and Funding Sources: Agence France Tresor.

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.

In 2025, public debt in France represented 116.2 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 40.3 billion euros in 2023. 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 2023, France’s government spent more than 1.61 trillion euros, whereas its revenue amounted to 1.45 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 National Government Debt

• France National Government Debt reached 3,681.2 USD bn in Sep 2024, compared with 3,461.0 USD bn in the previous quarter.
• France National Government Debt data is updated quarterly, available from Dec 1995 to Sep 2024.
• The data reached an all-time high of 3,681.2 USD bn in Sep 2024 and a record low of 761.5 USD bn in Jun 2001.

CEIC converts quarterly Government Debt into USD. National Institute of Statistics and Economic Studies provides Government Debt in EUR. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Related information about France National Government Debt

• In the latest reports, France Consolidated Fiscal Balance recorded a deficit equal to 6.0 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 110.6 % of its Nominal GDP in Dec 2023.
• France Nominal GDP reached 736.3 USD bn in Mar 2023.

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.

Fiscal Expenditure in France increased to 214.52 EUR Billion in May from 158.50 EUR Billion in April of 2025. This dataset provides - France Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of France was estimated at about 113.11 percent in 2024. Between 1980 and 2024, the ratio rose by approximately 91.81 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 15.28 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government 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. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

France recorded a trade deficit of 7766.10 EUR Million in May of 2025. This dataset provides the latest reported value for - France Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the budget balance of the European Union member states in 2023. In 2023, the national deficit of France amounted to approximately 154.8 billion euros, while Ireland's budget surplus was 7.5 billion euros in the same year.

France recorded a Current Account surplus of 0.40 percent of the country's Gross Domestic Product in 2024. This dataset provides - France Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Since 2012, the tax revenue in France has been increasing. Tax revenue in France comes from various types of tax. Income tax, corporate tax, and VAT represent most of the French state’s revenue. In 2021, the total public revenue in France reached ***** billion euros. Value-Added Tax, main revenue of the French government It appears that the amount of the revenue of the VAT in France has increased from 2012 to 2018. That year, the revenue of the Value-Added Tax reached *** billion euros, compared to *** billion in 2016. In 2021, the VAT represented a third of the tax revenues collected by the State in France. However, other types of taxes in France have also increased, like the income tax, which went from ** billion euros in 2012, up to ** billion in 2024. A State in debt France is considered to be one of the leading countries in Europe, but the nation has also one of the highest debt levels in the European Union. In 2017, a Eurostat survey displayed that France had a deficit and public debt amounting to **** percent of the national GDP. In 2021, the government revenue reached **** trillion euro, whereas its spending came to around **** trillion euros. This difference between France’s income and spending causes difficulties for the country’s economy. The budget balance of the state keeps being negative, while the cost of interest on the debt of France came in at over ** billion euros in 2017.

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.