France: public debt 2017-2022

In 2018, public debt in France represented 96.8 percent of the country’s GDP. According to the source, public debt in France is supposed to decrease in the upcoming years, while staying at a high level. The French Ministry of Economy has stated that the French public debt will normally reach 91.4 percent in 2022, compared to 96.8 percent in 2017. 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 34 billion euros in 2017. Public deficit in France has reached a record level in 2009 and 2010 with more than 137 billion euros.

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 2017, France’s government spent more than 1.29 trillion euros, whereas its revenue amounted to 1.23 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.

Public debt in France from 2017 to 2022

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Release date

September 2017



Survey time period

2017 to 2022

Supplementary notes

* These values are forecasted.

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Statistics on "Public spending in France"

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