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.

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.

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.

Historical chart and dataset showing France debt to gdp ratio by year from 1998 to 2023.

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 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.

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.

Private Debt to GDP in France increased to 204.90 percent in 2024 from 204.80 percent in 2023. France Private Debt to GDP - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Central government debt, total (% of GDP) for France (DEBTTLFRA188A) from 1998 to 2023 about France, debt, government, and GDP.

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.

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.

External Debt to GDP in France increased to 260 percent of GDP in the first quarter of 2025 from 250 percent of GDP in the fourth quarter of 2024. This dataset includes a chart with historical data for France External Debt To GDP.

Key information about France Total Debt: % of GDP

• France Total Debt accounted for 941.1 % of the country's GDP in 2024, compared with the ratio of 941.3 % in the previous quarter.
• France Total Debt: % of GDP data is updated quarterly, available from Mar 1996 to Sep 2024.
• The data reached an all-time high of 1,068.3 % in Mar 2021 and a record low of 516.6 % in Mar 1996.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly Nominal GDP. Total Debt is calculated as the Total Liabilities less Equity & Investment Fund Shares and Financial Derivatives. Liabilities of the Rest of the World are subtracted from Total Liabilities. The Banque de France provides Total Debt in EUR. Eurostat provides Nominal GDP in EUR.

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.

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.

Depicted is the ratio of national debt to gross domestic product (GDP) of France which amounts to approximately 116.30 percent in 2025.Fluctuating rise between 1980 and 2025Between 1980 and 2025 a total increase by approximately 95 percentage points can be observed. This increase however did not happen continuously.Continuous rise between 2025 and 2030In 2030 the ratio will stand at roughly 128.39 percent, according to forecasts. This indicates an overall increase by approximately 12.09 percentage points since 2025. This growth reflects a steady 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.

Key information about France Private Debt: % of Nominal GDP

• France Private Debt accounted for 106.58 % of its Nominal GDP in Dec 2024, compared with a ratio of 106.59 % in the previous quarter
• France Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2024, with an average share of 76.85 %
• The data reached an all-time high of 122.21 % in Mar 2021 and a record low of 65.91 % in Dec 1998

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Banque de France provides Private Debt in EUR. Eurostat provides Nominal GDP in EUR.

France: Government debt as percent of GDP: The latest value from 2023 is 110.6 percent, a decline from 111.9 percent in 2022. In comparison, the world average is 61.85 percent, based on data from 137 countries. Historically, the average for France from 1978 to 2023 is 63.17 percent. The minimum value, 20.8 percent, was reached in 1980 while the maximum of 114.9 percent was recorded in 2020.

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.

Household debt to GDP, in percent in France, December, 2024 The most recent value is 60.5 percent as of December 2024, a decline compared to the previous value of 60.7 percent. Historically, the average for France from March 1999 to December 2024 is 51.57 percent. The minimum of 33.7 percent was recorded in March 1999, while the maximum of 68.2 percent was reached in December 2020. | TheGlobalEconomy.com