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.

In 2024, the budget balance in relation to the gross domestic product (GDP) in France was -5.77 percent. Between 1980 and 2024, the figure dropped by 6.53 percentage points, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by 0.57 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 5.5 % of its Nominal GDP in Sep 2025, compared with a deficit equal to 5.7 % in the previous quarter
• France Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1949 to Sep 2025, 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 4,021.0 USD bn in Jun 2025
• France Nominal GDP reached 875.2 USD bn in Sep 2025

France recorded a government budget deficit of 136.20 EUR Billion in October 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 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.

The statistic shows the national debt of France from 2020 to 2023, with projections up until 2030. In 2023, the national debt of France amounted to around 3.64 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.

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

Key information about France National Government Debt

• France National Government Debt reached 4,021.0 USD bn in Jun 2025, compared with 3,612.1 USD bn in the previous quarter.
• France National Government Debt data is updated quarterly, available from Dec 1995 to Jun 2025.
• The data reached an all-time high of 4,021.0 USD bn in Jun 2025 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 5.5 % of its Nominal GDP in Sep 2025.
• The country's Government debt accounted for 110.6 % of its Nominal GDP in Dec 2023.
• France Nominal GDP reached 875.2 USD bn in Sep 2025.

France - General gov. deficit (-) and surplus (+) was -5.40% in June of 2025, 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 December 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 Central government debt, total (% of GDP) for France (DEBTTLFRA188A) from 1998 to 2023 about France, debt, government, and GDP.

Government Debt in France increased to 3416.30 EUR Billion in the second quarter of 2025 from 3345.40 EUR Billion in the first quarter of 2025. 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.

Related information about France Government Debt: % of GDP

• In the latest reports, France National Government Debt reached 4,021.0 USD bn in Jun 2025.
• The country's Nominal GDP reached 875.2 USD bn in Sep 2025.

This graph depicts France's deficit and surplus liquidity ratio between 2007 and 2024, as a percentage of the Gross Domestic Product (GDP). It appears that the public deficit of France amounted to *** percent of the national GDP in 2024.

Graph and download economic data for Projection of General government gross debt for France (GGGDTPFRA188N) from 2024 to 2030 about France, projection, debt, gross, and government.

In 2024, the budget balance in France was -168.57 billion Euros. Between 1980 and 2024, the figure dropped by 171.96 billion Euros, though the decline followed an uneven course rather than a steady trajectory. The budget balance is forecast to decline by 50.67 billion Euros from 2024 to 2030, fluctuating as it trends downward.

Key information about France External Debt

• France External Debt reached 9,147.1 USD bn in Jun 2025, compared with 8,270.2 USD bn in the previous quarter.
• France External Debt: USD mn data is updated quarterly, available from Jun 2004 to Jun 2025.
• The data reached an all-time high of 9,147.1 USD bn in Jun 2025 and a record low of 2,398.8 USD bn in Jun 2004.

CEIC converts quarterly External Debt into USD. The Banque de France provides External Debt in EUR based on BPM6. The Federal Reserve Board period end market exchange rate is used for currency conversions. External Debt prior to Q1 2008 is based on BPM5, sourced from the Banque de France.


Related information about France External Debt

• In the latest reports of France, Current Account recorded a deficit of 1.9 USD bn in Sep 2025.
• Foreign Direct Investment (FDI) increased by 2.9 USD bn in Sep 2025.
• France Direct Investment Abroad expanded by 2.3 USD bn in Sep 2025.
• Its Foreign Portfolio Investment increased by 97.4 USD bn in Sep 2025.
• The country's Nominal GDP was reported at 875.2 USD bn in Sep 2025.

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.

This statistic shows the government debt interest expenditure in France from 2010 to 2023, in billion euros. The debt interest expenditure peaked in 2022, at **** billion euros, the highest since 2011.

Key information about France External Debt: % of GDP

• France External Debt accounted for 250.2 % of the country's Nominal GDP in 2024, compared with the ratio of 245.2 % in the previous year.
• France External Debt: % of Nominal GDP data is updated yearly, available from Dec 2004 to Dec 2024.
• 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 1.9 USD bn in Sep 2025.
• Foreign Direct Investment (FDI) increased by 2.9 USD bn in Sep 2025.
• France Direct Investment Abroad expanded by 2.3 USD bn in Sep 2025.
• Its Foreign Portfolio Investment increased by 97.4 USD bn in Sep 2025.
• The country's External Debt reached 9,147,095.5 in Jun 2025.
• The country's Nominal GDP was reported at 875.2 USD bn in Sep 2025.