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France's economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

France ranked 7/197 by economy size with a GDP of $3.16T and 27/197 by GDP per capita at $46,150. France has $3.58T in government debt, with a debt-to-GDP ratio of 116.3%.

In 2025, France made up 2.84% of the world's economy, compared to 4.52% in 1960.

The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.

GDP, current $
GDP, constant 2015 $
GDP growth
Year GDP GDP growth
Current $ Constant $
1960 $61,756,878,990 $508,897,750,935 -
1961 $66,806,595,975 $533,344,343,072 8.18%
1962 $74,888,595,286 $569,994,161,067 12.1%
1963 $83,957,182,115 $605,326,016,607 12.1%
1964 $93,079,224,076 $644,223,451,498 10.9%
1965 $100,522,559,916 $675,197,188,364 8%
1966 $108,928,356,519 $710,376,197,079 8.36%
1967 $117,751,396,249 $745,158,757,032 8.1%
1968 $128,427,504,709 $778,321,728,133 9.07%
1969 $140,361,802,782 $833,684,910,477 9.29%
1970 $146,926,998,937 $885,376,114,120 4.68%
1971 $164,238,872,973 $932,571,962,138 11.8%
1972 $201,621,751,625 $974,886,243,665 22.8%
1973 $262,343,828,816 $1,039,326,074,354 30.1%
1974 $283,102,178,123 $1,088,078,748,925 7.91%
1975 $356,780,728,163 $1,075,844,942,666 26%
1976 $368,488,292,816 $1,123,030,884,958 3.28%
1977 $406,736,454,934 $1,163,152,896,909 10.4%
1978 $501,724,418,605 $1,208,457,476,980 23.4%
1979 $608,218,624,730 $1,253,113,736,481 21.2%
1980 $694,529,183,483 $1,274,121,102,725 14.2%
1981 $609,184,791,792 $1,289,261,671,632 -12.3%
1982 $578,152,310,610 $1,320,752,051,529 -5.09%
1983 $553,356,312,936 $1,337,420,703,410 -4.29%
1984 $525,033,325,828 $1,358,946,108,005 -5.12%
1985 $547,220,981,165 $1,380,268,983,034 4.23%
1986 $764,946,585,851 $1,413,251,000,996 39.8%
1987 $926,320,855,615 $1,449,327,712,382 21.1%
1988 $1,010,827,662,152 $1,519,101,594,975 9.12%
1989 $1,016,742,237,302 $1,586,020,591,646 0.59%
1990 $1,257,649,439,827 $1,630,899,060,963 23.7%
1991 $1,258,961,748,634 $1,651,067,777,785 0.1%
1992 $1,389,663,073,110 $1,676,098,974,379 10.4%
1993 $1,314,383,368,080 $1,670,081,815,759 -5.42%
1994 $1,385,822,778,828 $1,709,890,902,349 5.44%
1995 $1,595,219,345,512 $1,749,300,344,480 15.1%
1996 $1,598,889,216,566 $1,773,739,467,493 0.23%
1997 $1,449,392,222,971 $1,818,562,957,062 -9.35%
1998 $1,496,906,382,032 $1,881,350,558,838 3.28%
1999 $1,486,915,879,702 $1,945,303,460,550 -0.67%
2000 $1,360,959,069,477 $2,025,858,476,151 -8.47%
2001 $1,370,376,677,299 $2,064,338,989,613 0.69%
2002 $1,492,427,756,382 $2,086,380,974,763 8.91%
2003 $1,835,095,983,049 $2,106,573,536,968 23%
2004 $2,109,792,297,237 $2,166,995,343,502 15%
2005 $2,192,146,403,028 $2,207,920,477,337 3.9%
2006 $2,317,861,544,691 $2,267,844,862,926 5.73%
2007 $2,655,816,911,867 $2,325,232,266,329 14.6%
2008 $2,926,802,941,586 $2,334,072,135,222 10.2%
2009 $2,700,075,882,519 $2,268,145,064,849 -7.75%
2010 $2,646,230,027,988 $2,313,515,332,183 -1.99%
2011 $2,870,408,553,990 $2,369,909,039,106 8.47%
2012 $2,683,007,095,787 $2,374,265,767,668 -6.53%
2013 $2,816,077,607,875 $2,392,826,743,357 4.96%
2014 $2,861,236,112,552 $2,416,703,156,974 1.6%
2015 $2,442,483,452,643 $2,442,483,452,643 -14.6%
2016 $2,470,407,619,777 $2,463,489,569,347 1.14%
2017 $2,588,868,323,335 $2,514,819,204,088 4.8%
2018 $2,781,576,320,884 $2,556,210,832,760 7.44%
2019 $2,722,793,515,172 $2,608,036,638,906 -2.11%
2020 $2,647,926,055,110 $2,413,981,867,676 -2.75%
2021 $2,966,433,692,008 $2,580,120,255,052 12%
2022 $2,796,302,210,399 $2,646,451,030,890 -5.74%
2023 $3,051,831,611,385 $2,671,234,714,487 9.14%
2024 $3,162,079,073,496 $2,702,385,011,318 3.61%

Economic Statistics of France

France Rank
Gross domestic product
$3.16T
2024
7/197
GDP growth
3.61%
2023-2024
135/196
GDP per capita
$46,150
2024
27/197
GDP per capita, PPP
$61,322
2024
29/197
Government debt
$3.58T
2024
5/185
Debt-to-GDP ratio
116.3%
2025
12/185
Government debt per person
$52,199
2024
8/185
Average annual personal income after taxes
$33,898
2025
26/197
Listed domestic companies
457
2018
18/103
Market capitalization of domestic companies
$2.37T
2018
8/100
Number of millionaires
2,868,031
2024
4/34
Millionaire frequency
1 in 18
2024
11/34
Number of billionaires
52
2025
11/78
Billionaire frequency
1 in 1,018,383
2025
32/78
Income share by richest 10%
25%
2023
116/169
Income share by poorest 10%
3%
2023
59/169
Government expenditure, % of GDP
57.3%
2025
9/195
Consumer prices inflation
2%
2023-2024
144/195
Unemployment rate
7.39%
2024
60/196
Population
68701054
23/197

France's GDP per capita

France has a GDP per capita of $46,150, ranking 27/197, a GDP per capita based on purchasing power parity (PPP) of $61,322, ranking 29/197, and a median annual after tax income of $33,898, ranking 26/197.

GDP per capita
GDP per capita, PPP
Year Current $
GDP per capita GDP per capita, PPP
1960 $1,303 -
1961 $1,395 -
1962 $1,548 -
1963 $1,718 -
1964 $1,884 -
1965 $2,015 -
1966 $2,165 -
1967 $2,321 -
1968 $2,513 -
1969 $2,724 -
1970 $2,825 -
1971 $3,128 -
1972 $3,807 -
1973 $4,914 -
1974 $5,267 -
1975 $6,607 -
1976 $6,795 -
1977 $7,465 -
1978 $9,167 -
1979 $11,063 -
1980 $12,565 -
1981 $10,956 -
1982 $10,360 -
1983 $9,862 -
1984 $9,312 -
1985 $9,657 -
1986 $13,430 -
1987 $16,176 -
1988 $17,550 -
1989 $17,547 -
1990 $21,586 $17,472
1991 $21,501 $18,178
1992 $23,615 $18,790
1993 $22,239 $19,071
1994 $23,360 $19,874
1995 $26,792 $20,688
1996 $26,758 $21,261
1997 $24,169 $22,185
1998 $24,869 $23,261
1999 $24,576 $24,204
2000 $22,341 $26,002
2001 $22,332 $27,350
2002 $24,145 $28,350
2003 $29,480 $28,028
2004 $33,645 $28,925
2005 $34,696 $30,431
2006 $36,432 $32,430
2007 $41,486 $34,067
2008 $45,465 $35,053
2009 $41,728 $34,667
2010 $40,695 $35,912
2011 $43,930 $37,510
2012 $40,864 $37,671
2013 $42,669 $39,583
2014 $43,148 $40,218
2015 $36,702 $40,916
2016 $37,024 $42,880
2017 $38,687 $44,469
2018 $41,418 $46,381
2019 $40,408 $51,130
2020 $39,170 $49,482
2021 $43,725 $52,517
2022 $41,083 $56,181
2023 $44,691 $58,318
2024 $46,150 $61,322

France's government spending, deficit, and chart

This chart shows France's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, France recorded a fiscal deficit in 48 years — average annual deficit equal to -3.52% of GDP. In 2024, government spending reached $1.81T (57.3% of GDP), with a deficit of -5.46%.

The national debt reached $3.58T, ranking 5th out of 185 countries by total size, with a debt-to-GDP ratio of 116.3%, ranking 12th.

Government spending
Government debt
Deficit/surplus
Year % of GDP
Government spending Government debt Government deficit/surplus
1880 13.2% 95.6% 0.65%
1881 13.6% 95.5% 0.64%
1882 13.2% 90.1% -0.15%
1883 13.6% 97% -0.23%
1884 13.6% 105.1% -0.35%
1885 13.8% 112.6% -0.59%
1886 13.1% 113.9% -0.5%
1887 13% 117.1% -0.07%
1888 12.5% 116.4% 0.18%
1889 11.8% 109.6% 0.09%
1890 11.4% 104% 0.31%
1891 11.1% 103.9% 0.36%
1892 11.8% 106.7% -0.03%
1893 12.3% 110.2% -0.3%
1894 12.3% 109.4% -0.08%
1895 12.6% 114.5% -0.07%
1896 12% 105.1% -0.03%
1897 11.6% 98.9% 0.01%
1898 11.1% 93.9% 0.29%
1899 11% 92.3% 0.21%
1900 11.4% 91.7% 0.21%
1901 12.1% 98.1% -0.39%
1902 11.6% 95.2% -0.37%
1903 10.6% 89.6% 0.21%
1904 11% 92.1% 0.3%
1905 11.2% 92.4% 0.18%
1906 10.8% 85.2% -0.04%
1907 10% 77.9% 0.23%
1908 10.8% 81.4% -0.15%
1909 10.4% 82% -0.11%
1910 10.6% 79.6% -0.12%
1911 10.1% 72.6% 0.31%
1912 9.61% 66.6% 0.23%
1913 10.2% 66.3% 0.05%
1914 - - 0.05%
1915 - - 0.05%
1916 - - 0.05%
1917 - - 0.05%
1918 - - 0.05%
1919 - - -2.65%
1920 - 169.6% 6.6%
1921 - 237% 4.63%
1922 - 235.9% 2.42%
1923 - 216.8% 1.85%
1924 - 192.4% 2.11%
1925 11.2% 197.2% -0.87%
1926 13.8% 144.7% -0.02%
1927 13.9% 157.5% -0.04%
1928 12.8% 142.3% 1.13%
1929 17.8% 138.6% 1.48%
1930 18.6% 143.8% -1.65%
1931 20.1% 161% -2.06%
1932 16.3% 172.7% -1.86%
1933 23.9% - -4.96%
1934 24.4% - -4.31%
1935 20.2% - -4.22%
1936 15.9% - -4.76%
1937 17.6% - -6.89%
1938 - - -6.89%
1939 - - -6.89%
1940 - - -6.89%
1941 - - -6.89%
1942 - - -6.89%
1943 - - -6.89%
1944 - - -6.89%
1945 - - -6.89%
1946 22.1% 64% -8.1%
1947 25.2% 57.2% -7.6%
1948 24.7% 47.5% -9.11%
1949 25.6% 44.3% -7.31%
1950 24.1% 40% -5.56%
1951 23.6% 33.9% -4.42%
1952 25.3% 32.9% -6.82%
1953 25.2% 35% -4.79%
1954 22.2% 34.4% -0.78%
1955 19.9% 33.3% -1.04%
1956 21.4% 33% -2.62%
1957 21.1% 32.6% -1.99%
1958 19.6% 32% 0.08%
1959 19.9% 31.5% 0.56%
1960 22.2% 28.5% -1.95%
1961 21.9% 26.3% -1.36%
1962 21.7% 23.6% -1.53%
1963 22.6% 22.2% -2.24%
1964 21% 19.6% -0.25%
1965 21.1% 17.6% -0.07%
1966 21.4% 15.3% -0.57%
1967 21.4% 16.1% -0.8%
1968 22.7% 15.8% -2.54%
1969 21.5% 14.4% -0.49%
1970 20.5% 21% 0.02%
1971 20% 20.1% -0.13%
1972 19.8% 17.7% 1.94%
1973 19.7% 15.8% 1.97%
1974 19.9% 15.4% 3.05%
1975 22% 16.1% -0.28%
1976 21.7% 15.1% 1.01%
1977 21.4% 15% 0.9%
1978 44.7% 21.2% -1.73%
1979 44.9% 21.1% -0.36%
1980 46% 20.7% -0.27%
1981 48.5% 22% -2.39%
1982 49.9% 25.3% -2.91%
1983 50.2% 26.6% -2.58%
1984 51.2% 29% -2.8%
1985 51.9% 30.6% -3.08%
1986 51.3% 31.1% -3.3%
1987 50.7% 33.4% -2.13%
1988 50.1% 33.3% -2.7%
1989 48.9% 34% -1.9%
1990 51.6% 36.8% -2.45%
1991 52.7% 37.8% -2.89%
1992 54% 41.7% -4.64%
1993 56.5% 48.2% -6.4%
1994 55.9% 51.6% -5.46%
1995 56% 57.8% -5.11%
1996 56% 60.6% -3.89%
1997 55.6% 62% -3.71%
1998 54% 62.1% -2.39%
1999 53.7% 61.4% -1.55%
2000 52.6% 59.7% -1.32%
2001 52.8% 59.3% -1.42%
2002 53.9% 61.3% -3.18%
2003 54.4% 65.4% -4.09%
2004 54% 66.9% -3.55%
2005 54.3% 68.2% -3.5%
2006 53.7% 65.4% -2.66%
2007 53.6% 65.5% -2.99%
2008 54.3% 69.8% -3.5%
2009 58% 84.1% -7.38%
2010 57.7% 86.3% -7.16%
2011 57% 88.7% -5.3%
2012 57.9% 91.7% -5.17%
2013 58.6% 94.5% -4.94%
2014 58.4% 96.1% -4.57%
2015 57.6% 96.9% -3.89%
2016 57.4% 98.1% -3.76%
2017 57.7% 98.7% -3.36%
2018 56.4% 98.5% -2.32%
2019 55.3% 98.1% -2.39%
2020 61.7% 114.8% -8.93%
2021 59.5% 112.7% -6.58%
2022 58.4% 111.3% -4.74%
2023 56.9% 109.7% -5.45%
2024 57.2% 113.1% -5.79%
2025 57.3% 116.3% -5.46%

Inflation rate by year

Over the past 20 years, France has had an average annual inflation rate of 1.66%. In 2024, inflation was 2%. The bar chart below shows consumer price inflation by year.

Year Inflation
1960 4.14%
1961 2.4%
1962 5.33%
1963 5%
1964 3.21%
1965 2.7%
1966 2.6%
1967 2.79%
1968 4.54%
1969 6.05%
1970 5.3%
1971 5.4%
1972 6.06%
1973 7.38%
1974 13.6%
1975 11.7%
1976 9.63%
1977 9.49%
1978 9.25%
1979 10.6%
1980 13.6%
1981 13.3%
1982 12%
1983 9.46%
1984 7.67%
1985 5.83%
1986 2.54%
1987 3.29%
1988 2.7%
1989 3.5%
1990 3.19%
1991 3.21%
1992 2.36%
1993 2.1%
1994 1.66%
1995 1.8%
1996 1.98%
1997 1.2%
1998 0.65%
1999 0.54%
2000 1.68%
2001 1.63%
2002 1.92%
2003 2.1%
2004 2.14%
2005 1.75%
2006 1.68%
2007 1.49%
2008 2.81%
2009 0.09%
2010 1.53%
2011 2.11%
2012 1.95%
2013 0.86%
2014 0.51%
2015 0.04%
2016 0.18%
2017 1.03%
2018 1.85%
2019 1.11%
2020 0.48%
2021 1.64%
2022 5.22%
2023 4.88%
2024 2%

Balance of trade

France Rank
Current account balance
$2.69B
2024
39/189
Current account balance, % of GDP
+0.09%
2024
74/189
Goods imports
$733B
2024
5/188
Goods exports
$668B
2024
7/188
Service imports
$341B
2024
7/188
Service exports
$403B
2024
5/188
Imports of goods and services, % of GDP
34%
2024
116/180
Exports of goods and services, % of GDP
33.2%
2024
100/193

France's top 10 trading partners

France's biggest trading partner accounting for 12.6%% of all exports and imports is Germany, with a trade balance between the two of -$13.1B — France exports $119B worth of goods and services to Germany and imports $132B.

Below is the list of the top 10 trade partners of France.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 Germany $251B 12.6% $119B $132B Machinery & equipment Machinery & equipment
2 United States $184B 9.29% $97.7B $86.3B Machinery & equipment Machinery & equipment
3 Belgium $145B 7.3% $71.3B $73.4B Machinery & equipment Raw materials & minerals
4 United Kingdom $138B 6.95% $78.4B $59.4B Business & finance services Business & finance services
5 Italy $137B 6.92% $66.5B $70.6B Machinery & equipment Machinery & equipment
6 Spain $137B 6.91% $65.4B $71.5B Machinery & equipment Machinery & equipment
7 China $118B 5.97% $34.5B $83.7B Machinery & equipment Machinery & equipment
8 Netherlands $95.9B 4.84% $45.4B $50.4B Transport & tourism services Business & finance services
9 Switzerland $76.4B 3.85% $41.9B $34.5B Transport & tourism services Precious metals & jewellery
10 Ireland $51.2B 2.58% $21.3B $29.9B Business & finance services Business & finance services

France's top 10 exports

France Rank
Machinery & equipment $239B 10/193
Business & finance services $147B 4/188
Transport & tourism services $139B 2/188
Chemicals & pharma $126B 7/193
Textiles & consumer goods $55.2B 6/193
Processed food, beverages & tobacco $50.5B 5/192
IT & IP services $44.2B 8/183
Raw materials & minerals $42.5B 27/193
Metals $40.2B 10/192
Manufacturing & construction services $29.6B 2/164

France's top 10 imports

France Rank
Machinery & equipment $278B 6/193
Business & finance services $125B 4/188
Transport & tourism services $121B 4/188
Raw materials & minerals $111B 8/193
Chemicals & pharma $103B 6/193
Textiles & consumer goods $77.5B 3/193
IT & IP services $49.8B 4/182
Metals $47.4B 6/193
Processed food, beverages & tobacco $41.8B 6/193
Manufacturing & construction services $24.7B 1/163

Economic freedom indices

France Rank
Economic freedom 64.4 69/197
Property rights 92.9 18/182
Government integrity 74.3 18/182
Judicial effectiveness 84.2 18/182
Tax burden 54.3 174/181
Government spending 0 177/180
Fiscal health 30 146/181
Business freedom 81.9 25/182
Labor freedom 60.2 64/182
Monetary freedom 70.3 103/180
Trade freedom 79.6 38/181
Investment freedom 75 19/181
Financial freedom 70 21/181

France's economic freedom by year

France is ranked 62/180 for economic freedom with a score of 64.4, compared to 67/163 and a score of 60.5 in 2005.

Economic freedom
Judicial effectiveness
Tax burden
Government spending
Fiscal health
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
1995 64.4 - 60.8 15.7 -
1996 63.7 - 60.6 8.3 -
1997 59.1 - 38.1 9.6 -
1998 58.9 - 38.2 8.6 -
1999 59.1 - 42.4 7.6 -
2000 57.4 - 35.1 12.5 -
2001 58 - 33.9 18.9 -
2002 58 - 37.2 15.7 -
2003 59.2 - 41.3 15.7 -
2004 60.9 - 44.3 14.5 -
2005 60.5 - 44.8 10.9 -
2006 61.1 - 46.6 11.2 -
2007 62.1 - 46.3 13.5 -
2008 64.7 - 53.2 13.2 -
2009 63.3 - 50.9 14.5 -
2010 64.2 - 51.9 17.9 -
2011 64.6 - 52.3 16.4 -
2012 63.2 - 53.8 5.3 -
2013 64.1 - 53 5.6 -
2014 63.5 - 48.4 5.6 -
2015 62.5 - 47.5 2.5 -
2016 62.3 - 47.7 2.5 -
2017 63.3 72.7 47.6 2 57
2018 63.9 72.7 47.3 2.7 60.8
2019 63.8 66.1 48.4 3.9 64.9
2020 66 71.2 48.8 4.5 67.1
2021 65.7 69.2 50.7 6.3 69
2022 65.9 85.5 52.1 0.5 39.1
2023 63.6 75.5 52.9 0 20
2024 62.5 84.2 53.1 0 6.9
2025 64.4 84.2 54.3 0 30

More economic indicators

France Rank
Services, % of GDP
70.4%
2024
23/191
Industry, % of GDP
17.5%
2024
147/194
Agriculture, forestry, and fishing, % of GDP
1.43%
2024
162/193
GNI, Atlas method
$3.1T
2024
7/194
GNI per capita, PPP
$62,620
2024
24/191
Total reserves including gold
$283B
2024
13/177
Net foreign direct investment
-$10.3B
2024
177/188
Net inflows of foreign direct investment
$52.1B
2024
7/193
Net outflows of foreign direct investment
$41.7B
2024
11/187
Poverty at national poverty lines
15.6%
2021
127/176
Gross capital formation, % of GDP
21.9%
2024
103/176

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.