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Economy of France vs Gambia compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $2.4B for the Gambia, ranking 7/197 and 174/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $1.92B (80% of GDP) in the Gambia.

France vs Gambia GDP by year

France
Gambia
1x
Year GDP, current $
France Gambia
2024 $3,160,442,622,465 $2,404,888,749
2023 $3,056,250,648,138 $2,382,262,185
2022 $2,794,788,137,067 $2,204,734,528
2021 $2,966,433,692,008 $2,014,158,842
2020 $2,647,926,055,110 $1,812,170,891
2019 $2,722,793,515,172 $1,813,609,692
2018 $2,781,576,320,884 $1,670,671,328
2017 $2,588,868,323,335 $1,504,909,463
2016 $2,470,407,619,777 $1,484,578,886
2015 $2,442,483,452,643 $1,378,176,609
2014 $2,861,236,112,552 $1,229,461,721
2013 $2,816,077,607,875 $1,375,609,453
2012 $2,683,007,095,787 $1,415,004,738
2011 $2,870,408,553,990 $1,409,693,597
2010 $2,646,230,027,988 $1,543,294,927
2009 $2,700,075,882,519 $1,450,142,509
2008 $2,926,802,941,586 $1,561,766,956
2007 $2,655,816,911,867 $1,279,703,047
2006 $2,317,861,544,691 $1,054,112,488
2005 $2,192,146,403,028 $1,027,701,068
2004 $2,109,792,297,237 $961,900,651
2003 $1,835,095,983,049 $487,038,685
2002 $1,492,427,756,382 $578,235,309
2001 $1,370,376,677,299 $687,410,645
2000 $1,360,959,069,477 $782,913,872
1999 $1,486,915,879,702 $814,724,032
1998 $1,496,906,382,032 $840,285,265
1997 $1,449,392,222,971 $803,633,342
1996 $1,598,889,216,566 $848,239,446
1995 $1,595,219,345,512 $785,999,865
1994 $1,385,822,778,828 $746,493,952
1993 $1,314,383,368,080 $755,040,974
1992 $1,389,663,073,110 $714,254,256
1991 $1,258,961,748,634 $690,311,081
1990 $1,257,649,439,827 $317,083,695
1989 $1,016,742,237,302 $284,120,329
1988 $1,010,827,662,152 $266,672,212
1987 $926,320,855,615 $220,626,484
1986 $764,946,585,851 $185,646,987
1985 $547,220,981,165 $225,726,359
1984 $525,033,325,828 $177,340,880
1983 $553,356,312,936 $213,448,585
1982 $578,152,310,610 $216,050,552
1981 $609,184,791,792 $218,767,743
1980 $694,529,183,483 $241,083,090
1979 $608,218,624,730 $207,112,628
1978 $501,724,418,605 $171,833,086
1977 $406,401,711,688 $138,093,099
1976 $368,363,152,144 $112,190,829
1975 $357,324,307,786 $115,179,719
1974 $282,739,225,314 $95,796,022
1973 $261,970,536,240 $75,187,749
1972 $201,738,881,664 $59,160,569
1971 $164,694,210,962 $55,728,663
1970 $147,312,861,698 $52,296,084
1969 $140,660,914,841 $45,168,072
1968 $128,710,572,572 $41,160,066
1967 $118,088,635,381 $46,695,007
1966 $109,306,730,313 $44,212,081
1965 $100,927,668,584 -
1964 $93,424,179,943 -
1963 $84,227,606,650 -
1962 $75,196,980,365 -
1961 $67,158,050,215 -
1960 $61,959,085,885 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/france/gambia | CC BY

GDP per capita in France vs Gambia by year

France
GDP per capita

GDP per capita, PPP
Gambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Gambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $871 $3,476
2023 $44,700 $60,839 $883 $3,289
2022 $40,989 $57,043 $836 $3,067
2021 $43,725 $52,517 $782 $2,778
2020 $39,170 $49,482 $720 $2,531
2019 $40,408 $51,130 $738 $2,422
2018 $41,418 $46,381 $696 $2,277
2017 $38,687 $44,469 $643 $2,039
2016 $37,024 $42,880 $650 $2,013
2015 $36,702 $40,905 $620 $1,990
2014 $43,148 $40,218 $568 $1,934
2013 $42,669 $39,583 $654 $2,007
2012 $40,864 $37,671 $693 $2,065
2011 $43,930 $37,510 $711 $2,064
2010 $40,695 $35,908 $801 $2,267
2009 $41,728 $34,685 $775 $2,177
2008 $45,465 $35,053 $859 $2,088
2007 $41,486 $34,066 $725 $1,985
2006 $36,432 $32,424 $615 $1,931
2005 $34,696 $30,431 $616 $1,938
2004 $33,645 $28,921 $593 $1,979
2003 $29,480 $28,024 $309 $1,850
2002 $24,145 $28,350 $377 $1,744
2001 $22,332 $27,347 $460 $1,823
2000 $22,341 $26,007 $538 $1,731
1999 $24,576 $24,204 $575 $1,649
1998 $24,869 $23,263 $610 $1,572
1997 $24,169 $22,190 $600 $1,544
1996 $26,758 $21,268 $652 $1,489
1995 $26,792 $20,701 $622 $1,472
1994 $23,360 $19,892 $608 $1,473
1993 $22,239 $19,094 $635 $1,487
1992 $23,615 $18,801 $623 $1,462
1991 $21,501 $18,198 $628 $1,440
1990 $21,586 $17,475 $301 $1,409
1989 $17,547 - $280.9 -
1988 $17,550 - $274.9 -
1987 $16,176 - $237 -
1986 $13,430 - $207.7 -
1985 $9,657 - $262.8 -
1984 $9,312 - $214.8 -
1983 $9,862 - $268.6 -
1982 $10,360 - $282.1 -
1981 $10,956 - $296 -
1980 $12,565 - $338 -
1979 $11,063 - $300 -
1978 $9,167 - $257.6 -
1977 $7,459 - $213.8 -
1976 $6,792 - $179.3 -
1975 $6,617 - $189.8 -
1974 $5,261 - $162.6 -
1973 $4,907 - $131.4 -
1972 $3,809 - $106.5 -
1971 $3,137 - $103.3 -
1970 $2,833 - $99.8 -
1969 $2,729 - $88.7 -
1968 $2,518 - $83.1 -
1967 $2,328 - $97 -
1966 $2,173 - $94.4 -
1965 $2,024 - - -
1964 $1,891 - - -
1963 $1,723 - - -
1962 $1,554 - - -
1961 $1,402 - - -
1960 $1,307 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/france/gambia | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $871 in the Gambia, ranking 183/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while the Gambia ranks 172nd at $3,476.

Economic indicators

France Gambia
Gross domestic product
$3.16T
2024
$2.4B
2024
GDP rank
7/197
2024
174/197
2024
GDP growth
1.19%
2023-2024
5.55%
2023-2024
GDP per capita
$46,103
2024
$871
2024
GDP per capita rank
27/197
2024
183/197
2024
GDP per capita, PPP
$62,557
2024
$3,476
2024
GDP per capita PPP rank
30/197
2024
172/197
2024
Government debt
$3.58T
2024
$1.92B
2024
Debt-to-GDP ratio
113.1%
2024
80%
2024
Government debt per person
$52,165
2024
$697
2024
Government debt per person rank
8/185
2024
155/185
2024
Average annual personal income after taxes
$35,669
2026
$741
2026
Market capitalization of domestic companies
$2.37T
2018
n/a
Number of millionaires
2,897,000
2025
n/a
Number of billionaires
52
2025
n/a
Income share by richest 10%
25%
2023
30.5%
2020
Income share by poorest 10%
3%
2023
2.6%
2020
Government expenditure, % of GDP
57.2%
2024
25.8%
2024
Consumer prices inflation
2%
2023-2024
11.6%
2023-2024
Central bank interest rate n/a
17%
2023
Unemployment rate
7.44%
2024
6.48%
2023
Population
68788006
2902554

Spending and national debt comparison by year

France
Spending

Debt
Gambia
Spending

Debt
1x
Year % of GDP
France Gambia
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 25.8% 80%
2023 56.8% 109.6% 24.9% 80.2%
2022 58.4% 111.4% 24.6% 83.9%
2021 59.5% 112.8% 21.5% 83.1%
2020 61.7% 114.9% 25.3% 85.9%
2019 55.3% 98.1% 23.9% 83%
2018 56.4% 98.5% 19% 83.6%
2017 57.7% 98.7% 23.6% 87%
2016 57.4% 98.1% 19.4% 80.7%
2015 57.6% 96.9% 19.6% 69.4%
2014 58.4% 96.1% 19% 71.1%
2013 58.6% 94.5% 17.2% 58.2%
2012 57.9% 91.7% 19.1% 49.5%
2011 57% 88.7% 16.5% 49.2%
2010 57.7% 86.3% 14.6% 42.9%
2009 58% 84.1% 14.4% 38.9%
2008 54.3% 69.8% 11.6% 39.5%
2007 53.6% 65.5% 11.2% 38%
2006 53.7% 65.4% 14% 87.3%
2005 54.3% 68.2% 12.9% 82.6%
2004 54% 66.9% 12.4% 81.3%
2003 54.4% 65.4% 9.3% 91.7%
2002 53.9% 61.3% 8.59% 93.9%
2001 52.8% 59.3% 9.68% 75.2%
2000 52.6% 59.7% 9.54% 73.3%
1999 53.7% 61.4% - -
1998 54% 62.1% - -
1997 55.6% 62% - -
1996 56% 60.6% - -
1995 56% 57.8% - -
1994 55.9% 51.6% - -
1993 56.5% 48.2% - -
1992 54% 41.7% - -
1991 52.7% 37.8% - -
1990 51.6% 36.8% - -
1989 48.9% 34% - -
1988 50.1% 33.3% - -
1987 50.7% 33.4% - -
1986 51.3% 31.1% - -
1985 51.9% 30.6% - -
1984 51.2% 29% - -
1983 50.2% 26.6% - -
1982 49.9% 25.3% - -
1981 48.5% 22% - -
1980 46% 20.7% - -
1979 44.9% 21.1% - -
1978 44.7% 21.2% - -
1977 21.4% 15% - -
1976 21.7% 15.1% - -
1975 22% 16.1% - -
1974 19.9% 15.4% - -
1973 19.7% 15.8% - -
1972 19.8% 17.7% - -
1971 20% 20.1% - -
1970 20.5% 21% - -
1969 21.5% 14.4% - -
1968 22.7% 15.8% - -
1967 21.4% 16.1% - -
1966 21.4% 15.3% - -
1965 21.1% 17.6% - -
1964 21% 19.6% - -
1963 22.6% 22.2% - -
1962 21.7% 23.6% - -
1961 21.9% 26.3% - -
1960 22.2% 28.5% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/france/gambia | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while the Gambia spent $621M, or 25.8% of GDP.

Debt-to-GDP ratio is 113.1% in France and 80% in the Gambia, ranking 14/185 and 45/185, respectively.

Government deficit by year

Deficit/surplus
France

Gambia
1x
Year Deficit/surplus, % of GDP
France Gambia
2024 -5.77% -4.08%
2023 -5.44% -3.69%
2022 -4.74% -5.72%
2021 -6.58% -4.77%
2020 -8.93% -2.37%
2019 -2.39% -2.75%
2018 -2.32% -3.92%
2017 -3.36% -4.35%
2016 -3.76% -6.22%
2015 -3.89% -5.38%
2014 -4.57% -3.94%
2013 -4.94% -5.11%
2012 -5.17% -2.85%
2011 -5.3% -3.03%
2010 -7.16% -2.93%
2009 -7.38% -1.65%
2008 -3.5% -0.45%
2007 -2.99% 0.27%
2006 -2.66% -3.19%
2005 -3.5% -3.33%
2004 -3.55% -1.77%
2003 -4.09% -1.73%
2002 -3.18% 0.06%
2001 -1.42% -2.52%
2000 -1.32% -0.09%
1999 -1.55% -
1998 -2.39% -
1997 -3.71% -
1996 -3.89% -
1995 -5.11% -
1994 -5.46% -
1993 -6.4% -
1992 -4.64% -
1991 -2.89% -
1990 -2.45% -
1989 -1.9% -
1988 -2.7% -
1987 -2.13% -
1986 -3.3% -
1985 -3.08% -
1984 -2.8% -
1983 -2.58% -
1982 -2.91% -
1981 -2.39% -
1980 -0.27% -
1979 -0.36% -
1978 -1.73% -
1977 0.9% -
1976 1.01% -
1975 -0.28% -
1974 3.05% -
1973 1.97% -
1972 1.94% -
1971 -0.13% -
1970 0.02% -
1969 -0.49% -
1968 -2.54% -
1967 -0.8% -
1966 -0.57% -
1965 -0.07% -
1964 -0.25% -
1963 -2.24% -
1962 -1.53% -
1961 -1.36% -
1960 -1.95% -
1959 0.56% -
1958 0.08% -
1957 -1.99% -
1956 -2.62% -
1955 -1.04% -
1954 -0.78% -
1953 -4.79% -
1952 -6.82% -
1951 -4.42% -
1950 -5.56% -
1949 -7.31% -
1948 -9.11% -
1947 -7.6% -
1946 -8.1% -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -6.89% -
1936 -4.76% -
1935 -4.22% -
1934 -4.31% -
1933 -4.96% -
1932 -1.86% -
1931 -2.06% -
1930 -1.65% -
1929 1.48% -
1928 1.13% -
1927 -0.04% -
1926 -0.02% -
1925 -0.87% -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 0.05% -
1912 0.23% -
1911 0.31% -
1910 -0.12% -
1909 -0.11% -
1908 -0.15% -
1907 0.23% -
1906 -0.04% -
1905 0.18% -
1904 0.3% -
1903 0.21% -
1902 -0.37% -
1901 -0.39% -
1900 0.21% -
1899 0.21% -
1898 0.29% -
1897 0.01% -
1896 -0.03% -
1895 -0.07% -
1894 -0.08% -
1893 -0.3% -
1892 -0.03% -
1891 0.36% -
1890 0.31% -
1889 0.09% -
1888 0.18% -
1887 -0.07% -
1886 -0.5% -
1885 -0.59% -
1884 -0.35% -
1883 -0.23% -
1882 -0.15% -
1881 0.64% -
1880 0.65% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/france/gambia | CC BY

In 2024, France's government deficit, the difference between spending and revenue, was $182B, equivalent to 5.77% of GDP. This compares to the Gambia's deficit of $98.2M, or 4.08% of GDP.

Over the past 25 years, France recorded a fiscal deficit in 25 of those years, while the Gambia ran a deficit in 23 years. On average, France posted an annual deficit equal to 4.32% of GDP, compared to deficit of 3.02% of GDP for the Gambia.

Inflation comparison by year

Inflation
France

Gambia
1x
Year Consumer prices inflation
France Gambia
2024 2% 11.6%
2023 4.88% 17%
2022 5.22% 11.5%
2021 1.64% 7.37%
2020 0.48% 5.93%
2019 1.11% 7.12%
2018 1.85% 6.52%
2017 1.03% 8.03%
2016 0.18% 7.23%
2015 0.04% 6.81%
2014 0.51% 5.95%
2013 0.86% 5.7%
2012 1.95% 4.25%
2011 2.11% 4.8%
2010 1.53% 5.05%
2009 0.09% 4.56%
2008 2.81% 4.44%
2007 1.49% 5.37%
2006 1.68% 2.06%
2005 1.75% 4.84%
2004 2.14% 14.2%
2003 2.1% 17%
2002 1.92% 8.61%
2001 1.63% 4.49%
2000 1.68% 0.84%
1999 0.54% 3.81%
1998 0.65% 1.11%
1997 1.2% 2.78%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/france/gambia | CC BY

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 6.75% in the Gambia. In 2024, inflation was 2% in France and 11.6% in the Gambia.

Top exports between countries

France
Export category Export value
Raw agricultural goods $6.01M
Chemicals & pharma $2.98M
Textiles & consumer goods $2.8M
Machinery & equipment $2.55M
Processed food, beverages & tobacco $1.29M
Miscellaneous $1.16M
Animal & marine products $349K
Metals $258K
Raw materials & minerals $195K
Wood & paper products $98K
Gambia
Export category Export value
Animal & marine products $32K
Raw agricultural goods $29K
Processed food, beverages & tobacco $14K
Metals $6K
Textiles & consumer goods $2K

Balance of trade

France Gambia
Current account balance
$2.69B
2024
-$99.8M
2024
Current account balance ranking
42/190
2024
88/190
2024
Current account balance, % of GDP
+0.09%
2024
-4.15%
2024
Goods imports
$733B
2024
$1.39B
2024
Goods exports
$668B
2024
$363M
2024
Service imports
$341B
2024
$161M
2024
Service exports
$403B
2024
$485M
2024
Imports of goods and services, % of GDP
34.2%
2024
33.4%
2024
Exports of goods and services, % of GDP
33.9%
2024
8.75%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

France Gambia
Economic freedom 64.6 56.3
Economic freedom ranking 72/197 123/197
Property rights 91.2 55.4
Government integrity 73.4 40.5
Judicial effectiveness 84.7 45.8
Tax burden 54.6 79.2
Government spending 0.9 81.1
Fiscal health 34.8 54.8
Business freedom 78.4 50.1
Labor freedom 59.1 46.4
Monetary freedom 73.2 57.3
Trade freedom 79.4 64.8
Investment freedom 75 50
Financial freedom 70 50

Economic freedom comparison by year

France
Gambia
1x
Year Economic freedom index
France Gambia
2026 64.6 56.3
2025 64.4 56.8
2024 62.5 58.2
2023 63.6 57.9
2022 65.9 58
2021 65.7 58.8
2020 66 56.3
2019 63.8 52.4
2018 63.9 52.3
2017 63.3 53.4
2016 62.3 57.1
2015 62.5 57.5
2014 63.5 59.5
2013 64.1 58.8
2012 63.2 58.8
2011 64.6 57.4
2010 64.2 55.1
2009 63.3 55.8
2008 64.7 56.9
2007 62.1 57.7
2006 61.1 57.3
2005 60.5 56.5
2004 60.9 55.3
2003 59.2 56.3
2002 58 57.7
2001 58 56.6
2000 57.4 52.7
1999 59.1 52.1
1998 58.9 53.4
1997 59.1 52.9
1996 63.7 -
1995 64.4 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/france/gambia | CC BY

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 56.3 for the Gambia, ranking 123/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Gambia
Services, % of GDP
70.9%
2024
56.8%
2024
Industry, % of GDP
17.2%
2024
15.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
20.4%
2024
GNI, Atlas method
$3.1T
2024
$2.43B
2024
GNI per capita, PPP
$63,880
2024
$3,430
2024
Total reserves including gold
$283B
2024
$629M
2024
Total reserves ranking
13/177
2024
151/177
2024
Net foreign direct investment
-$10.3B
2024
-$232M
2024
Net inflows of foreign direct investment
$52.1B
2024
$232M
2024
Net outflows of foreign direct investment
$41.7B
2024
-$665K
2024
Servicing debt to the IMF, % of GNI n/a
3.25%
2024
Poverty at national poverty lines
15.6%
2021
53.4%
2020
Gross capital formation, % of GDP
21.5%
2024
29.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/france/gambia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.