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.

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.

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.

• 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.

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

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

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.

Historical dataset showing France national debt by year from 1998 to 2023.

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

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

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.

Central government debt, total (% of GDP) in France was reported at 98.47 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. France - Central government debt, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

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.

France Debt: GG: State data was reported at 1,828.400 EUR bn in Jun 2018. This records an increase from the previous number of 1,808.800 EUR bn for Mar 2018. France Debt: GG: State data is updated quarterly, averaging 945.000 EUR bn from Dec 1995 (Median) to Jun 2018, with 91 observations. The data reached an all-time high of 1,828.400 EUR bn in Jun 2018 and a record low of 488.600 EUR bn in Dec 1995. France 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.

France FR: Gross Public Debt: % of GDP: General Government: Debt Securities: Market Value data was reported at 96.014 % in Mar 2018. This records an increase from the previous number of 94.654 % for Dec 2017. France FR: Gross Public Debt: % of GDP: General Government: Debt Securities: Market Value data is updated quarterly, averaging 61.516 % from Dec 1998 (Median) to Mar 2018, with 78 observations. The data reached an all-time high of 100.110 % in Jun 2016 and a record low of 47.565 % in Sep 2000. France FR: Gross Public Debt: % of GDP: General Government: Debt Securities: Market Value data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s France – Table FR.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.