household debts in France

Gross debt in France

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in France in the period from 1998 to 2021 was between 803.8 billion and 3.33 trillion USD. The highest level of the last years at 3.3 trillion US Dollar was reached in 2021. The budget deficit in the same year was 190.3 billion USD.

Based on the number of inhabitants, this is a debt of 49,108 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearFrance totalFrance per capitaEU per capita
1998874.32 bn USD14,527 USD14,079 USD
1999857.43 bn USD14,173 USD14,032 USD
2000804.11 bn USD13,201 USD11,232 USD
2001803.75 bn USD13,100 USD11,255 USD
2002904.74 bn USD14,639 USD12,258 USD
20031,188.16 bn USD19,089 USD15,286 USD
20041,397.66 bn USD22,290 USD17,595 USD
20051,480.38 bn USD23,431 USD18,327 USD
20061,499.32 bn USD23,566 USD18,877 USD
20071,717.05 bn USD26,822 USD20,898 USD
20082,015.48 bn USD31,308 USD24,086 USD
20092,242.81 bn USD34,661 USD25,361 USD
20102,255.18 bn USD34,680 USD26,496 USD
20112,516.68 bn USD38,515 USD29,231 USD
20122,431.54 bn USD37,032 USD28,174 USD
20132,626.63 bn USD39,798 USD29,981 USD
20142,709.99 bn USD40,867 USD30,648 USD
20152,331.34 bn USD35,032 USD25,918 USD
20162,422.43 bn USD36,305 USD26,261 USD
20172,546.72 bn USD38,057 USD27,024 USD
20182,729.15 bn USD40,637 USD28,448 USD
20192,658.75 bn USD39,454 USD27,168 USD
20203,024.71 bn USD44,763 USD30,783 USD
20213,327.04 bn USD49,108 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      France       European Union

Budget deficit in France

household debts in FranceThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget deficit in France in the period between 1998 and 2021 varied between 19.41 billion euros and 234.76 billion euros. In 2021, France reached a balance of -190 billion euros.

In ratio to population, this equals a new indebtedness of 2,809 euros per capita in France in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit of the past 23 years

YearFrance totalFrance per capitaEU per capita
1998-38.06 bn USD-632 USD-398 USD
1999-25.73 bn USD-425 USD-204 USD
2000-19.41 bn USD-319 USD112 USD
2001-20.75 bn USD-338 USD-299 USD
2002-46.05 bn USD-745 USD-565 USD
2003-73.97 bn USD-1,188 USD-840 USD
2004-74.25 bn USD-1,184 USD-920 USD
2005-69.78 bn USD-1,104 USD-822 USD
2006-56.71 bn USD-891 USD-568 USD
2007-70.14 bn USD-1,096 USD-360 USD
2008-95.64 bn USD-1,486 USD-1,085 USD
2009-193.79 bn USD-2,995 USD-2,021 USD
2010-182.16 bn USD-2,801 USD-1,970 USD
2011-147.70 bn USD-2,260 USD-1,462 USD
2012-133.67 bn USD-2,036 USD-1,220 USD
2013-114.84 bn USD-1,740 USD-1,027 USD
2014-111.52 bn USD-1,682 USD-852 USD
2015-88.42 bn USD-1,329 USD-577 USD
2016-89.95 bn USD-1,348 USD-423 USD
2017-76.78 bn USD-1,147 USD-263 USD
2018-63.89 bn USD-951 USD-139 USD
2019-83.63 bn USD-1,241 USD-197 USD
2020-234.76 bn USD-3,474 USD-2,312 USD
2021-190.31 bn USD-2,809 USD-1,787 USD

(negative numbers = deficit)
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