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France Budget Deficit

General government net lending/borrowing as % of GDP  GGXCNL_NGDP

-5.44% +0.33% (+5.7%)
Year 2025 Rank #152 Global Peak 0.76% (1980) Source IMF WEO

France Budget Deficit (1980–2025)

Overview

France's budget deficit stood at -5.44% in 2025, a rise of +0.33% from 2024. The IMF projects -5.44% by 2025. France ranked 152nd globally.

Data & projection

Year Budget Deficit YoY change Rank
2030* IMF -6.34% - -
2029* IMF -6.29% - -
2028* IMF -6.24% - -
2027* IMF -6.23% - -
2026* IMF -5.84% - -
2025* IMF -5.44% - -
2025 -5.44% +0.33% #152
2024 -5.77% −0.33% #39
2023 -5.44% −0.70% #37
2022 -4.74% +1.85% #58
2021 -6.58% +2.35% #47
2020 -8.93% −6.54% #49
2019 -2.39% −0.07% #79
2018 -2.32% +1.04% #79
2017 -3.37% +0.40% #61
2016 -3.76% +0.12% #65
2015 -3.89% +0.68% #67
2014 -4.57% +0.37% #44
2013 -4.94% +0.23% #41
2012 -5.17% +0.13% #44
2011 -5.30% +1.86% #37
Show all years (1980-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +13.5% GDP growth 2.0% C/A balance 0.6%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

France matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →

Frequently Asked Questions

What is France's budget deficit?

France's budget deficit was -5.44% in 2025. Ranked 152nd globally. This represents a 5.7% increase from the previous year.

What was the highest budget deficit in France?

France's budget deficit peaked at 0.76% in 1980.

What was the lowest budget deficit in France?

The lowest budget deficit in France was -8.93% in 2020.

How does France rank in budget deficit?

France ranks 152nd globally in budget deficit as of 2025.

What is the World Bank indicator code for budget deficit?

The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.

What is the projected budget deficit of France in 2025?

France's budget deficit is projected to reach -5.44% by 2025 based on IMF projection.

What is the budget deficit of France in 2025?

The budget deficit of France in 2025 was -5.44%. This ranks 152nd in the world.

Cite this page

APA
France Budget Deficit. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/france/budget-deficit
BibTeX
@misc{historysaid_france_budget-deficit, title = {France Budget Deficit}, url = {https://historysaid.com/france/budget-deficit}, publisher = {HistorySaid}, year = {2026} }