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Economy of France vs Laos compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $16.5B for Laos, ranking 7/197 and 139/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $16.6B (100.5% of GDP) in Laos.

France vs Laos GDP by year

France
Laos
1x
Year GDP, current $
France Laos
2024 $3,160,442,622,465 $16,502,933,121
2023 $3,056,250,648,138 $15,843,155,731
2022 $2,794,788,137,067 $15,468,785,204
2021 $2,966,433,692,008 $18,827,148,531
2020 $2,647,926,055,110 $18,981,805,250
2019 $2,722,793,515,172 $18,740,561,513
2018 $2,781,576,320,884 $18,141,641,090
2017 $2,588,868,323,335 $17,071,155,481
2016 $2,470,407,619,777 $15,912,501,723
2015 $2,442,483,452,643 $14,426,380,126
2014 $2,861,236,112,552 $13,279,245,886
2013 $2,816,077,607,875 $11,983,252,627
2012 $2,683,007,095,787 $10,192,846,339
2011 $2,870,408,553,990 $8,750,104,617
2010 $2,646,230,027,988 $7,131,771,015
2009 $2,700,075,882,519 $5,836,137,330
2008 $2,926,802,941,586 $5,446,433,157
2007 $2,655,816,911,867 $4,223,152,739
2006 $2,317,861,544,691 $3,455,030,061
2005 $2,192,146,403,028 $2,735,558,735
2004 $2,109,792,297,237 $2,366,398,120
2003 $1,835,095,983,049 $2,023,324,407
2002 $1,492,427,756,382 $1,758,176,653
2001 $1,370,376,677,299 $1,768,619,058
2000 $1,360,959,069,477 $1,731,198,022
1999 $1,486,915,879,702 $1,454,430,642
1998 $1,496,906,382,032 $1,280,177,839
1997 $1,449,392,222,971 $1,747,011,857
1996 $1,598,889,216,566 $1,873,671,550
1995 $1,595,219,345,512 $1,763,536,305
1994 $1,385,822,778,828 $1,543,606,345
1993 $1,314,383,368,080 $1,327,748,690
1992 $1,389,663,073,110 $1,127,806,945
1991 $1,258,961,748,634 $1,028,087,972
1990 $1,257,649,439,827 $865,559,879
1989 $1,016,742,237,302 $714,046,821
1988 $1,010,827,662,152 $598,961,269
1987 $926,320,855,615 $1,087,273,104
1986 $764,946,585,851 $1,776,842,097
1985 $547,220,981,165 $2,366,666,616
1984 $525,033,325,828 $1,757,142,856
1983 $553,356,312,936 -
1982 $578,152,310,610 -
1981 $609,184,791,792 -
1980 $694,529,183,483 -
1979 $608,218,624,730 -
1978 $501,724,418,605 -
1977 $406,401,711,688 -
1976 $368,363,152,144 -
1975 $357,324,307,786 -
1974 $282,739,225,314 -
1973 $261,970,536,240 -
1972 $201,738,881,664 -
1971 $164,694,210,962 -
1970 $147,312,861,698 -
1969 $140,660,914,841 -
1968 $128,710,572,572 -
1967 $118,088,635,381 -
1966 $109,306,730,313 -
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/laos | CC BY

GDP per capita in France vs Laos by year

France
GDP per capita

GDP per capita, PPP
Laos
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Laos
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $2,124 $9,776
2023 $44,700 $60,839 $2,067 $9,292
2022 $40,989 $57,043 $2,046 $8,766
2021 $43,725 $52,517 $2,526 $8,080
2020 $39,170 $49,482 $2,584 $7,913
2019 $40,408 $51,130 $2,589 $7,743
2018 $41,418 $46,381 $2,545 $7,487
2017 $38,687 $44,469 $2,432 $7,142
2016 $37,024 $42,880 $2,303 $6,743
2015 $36,702 $40,905 $2,121 $6,086
2014 $43,148 $40,218 $1,981 $5,799
2013 $42,669 $39,583 $1,813 $5,222
2012 $40,864 $37,671 $1,564 $4,781
2011 $43,930 $37,510 $1,362 $4,100
2010 $40,695 $35,908 $1,126 $3,772
2009 $41,728 $34,685 $935 $3,485
2008 $45,465 $35,053 $886 $3,271
2007 $41,486 $34,066 $697 $3,021
2006 $36,432 $32,424 $579 $2,777
2005 $34,696 $30,431 $466 $2,519
2004 $33,645 $28,921 $409 $2,315
2003 $29,480 $28,024 $355 $2,151
2002 $24,145 $28,350 $313 $2,020
2001 $22,332 $27,347 $320 $1,908
2000 $22,341 $26,007 $319 $1,794
1999 $24,576 $24,204 $272.3 $1,686
1998 $24,869 $23,263 $243.9 $1,577
1997 $24,169 $22,190 $339 $1,528
1996 $26,758 $21,268 $371 $1,435
1995 $26,792 $20,701 $358 $1,349
1994 $23,360 $19,892 $321 $1,265
1993 $22,239 $19,094 $283.4 $1,176
1992 $23,615 $18,801 $247.3 $1,114
1991 $21,501 $18,198 $231.8 $1,061
1990 $21,586 $17,475 $200.7 $1,012
1989 $17,547 - $170.4 -
1988 $17,550 - $147.1 -
1987 $16,176 - $274.7 -
1986 $13,430 - $462 -
1985 $9,657 - $633 -
1984 $9,312 - $483 -
1983 $9,862 - - -
1982 $10,360 - - -
1981 $10,956 - - -
1980 $12,565 - - -
1979 $11,063 - - -
1978 $9,167 - - -
1977 $7,459 - - -
1976 $6,792 - - -
1975 $6,617 - - -
1974 $5,261 - - -
1973 $4,907 - - -
1972 $3,809 - - -
1971 $3,137 - - -
1970 $2,833 - - -
1969 $2,729 - - -
1968 $2,518 - - -
1967 $2,328 - - -
1966 $2,173 - - -
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/laos | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $2,124 in Laos, ranking 155/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Laos ranks 134th at $9,776.

Economic indicators

France Laos
Gross domestic product
$3.16T
2024
$16.5B
2024
GDP rank
7/197
2024
139/197
2024
GDP growth
1.19%
2023-2024
4.13%
2023-2024
GDP per capita
$46,103
2024
$2,124
2024
GDP per capita rank
27/197
2024
155/197
2024
GDP per capita, PPP
$62,557
2024
$9,776
2024
GDP per capita PPP rank
30/197
2024
134/197
2024
Government debt
$3.58T
2024
$16.6B
2024
Debt-to-GDP ratio
113.1%
2024
100.5%
2024
Government debt per person
$52,165
2024
$2,134
2024
Government debt per person rank
8/185
2024
119/185
2024
Average annual personal income after taxes
$35,669
2026
$2,096
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
31.2%
2018
Income share by poorest 10%
3%
2023
3%
2018
Government expenditure, % of GDP
57.2%
2024
15.7%
2024
Consumer prices inflation
2%
2023-2024
23.1%
2023-2024
Unemployment rate
7.44%
2024
1.21%
2022
Population
68788006
8004838

Spending and national debt comparison by year

France
Spending

Debt
Laos
Spending

Debt
1x
Year % of GDP
France Laos
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 15.7% 100.5%
2023 56.8% 109.6% 16.4% 116.5%
2022 58.4% 111.4% 14.7% 130.7%
2021 59.5% 112.8% 15.7% 92.9%
2020 61.7% 114.9% 18.4% 76%
2019 55.3% 98.1% 18.6% 69.1%
2018 56.4% 98.5% 20.7% 60.6%
2017 57.7% 98.7% 21.8% 57.2%
2016 57.4% 98.1% 21.1% 54.5%
2015 57.6% 96.9% 25.8% 53.1%
2014 58.4% 96.1% 25% 53.5%
2013 58.6% 94.5% 24.2% 49.5%
2012 57.9% 91.7% 24.7% 46.1%
2011 57% 88.7% 20.2% 43%
2010 57.7% 86.3% 22.4% 49.3%
2009 58% 84.1% 20.1% 51.8%
2008 54.3% 69.8% 16.1% 51.7%
2007 53.6% 65.5% 15.1% 55.9%
2006 53.7% 65.4% 14.7% 60%
2005 54.3% 68.2% 15.3% 73.2%
2004 54% 66.9% 13.6% 80.7%
2003 54.4% 65.4% 16% 90.1%
2002 53.9% 61.3% 16.6% 95.3%
2001 52.8% 59.3% 18.8% 94.7%
2000 52.6% 59.7% 19.9% -
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/laos | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Laos spent $2.58B, or 15.7% of GDP.

Debt-to-GDP ratio is 113.1% in France and 100.5% in Laos, ranking 14/185 and 24/185, respectively.

Government deficit by year

Deficit/surplus
France

Laos
1x
Year Deficit/surplus, % of GDP
France Laos
2024 -5.77% 2.34%
2023 -5.44% -0.01%
2022 -4.74% 0.06%
2021 -6.58% -0.67%
2020 -8.93% -5.37%
2019 -2.39% -3.2%
2018 -2.32% -4.46%
2017 -3.36% -5.51%
2016 -3.76% -5.06%
2015 -3.89% -5.57%
2014 -4.57% -3.13%
2013 -4.94% -4.03%
2012 -5.17% -2.34%
2011 -5.3% -1.43%
2010 -7.16% -1.47%
2009 -7.38% -3.1%
2008 -3.5% -1.86%
2007 -2.99% -1.12%
2006 -2.66% -1.48%
2005 -3.5% -2.54%
2004 -3.55% -1.81%
2003 -4.09% -3.89%
2002 -3.18% -2.85%
2001 -1.42% -3.68%
2000 -1.32% -3.58%
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/laos | 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 Laos' surplus of $386M, or 2.34% of GDP.

Over the past 25 years, France recorded a fiscal deficit in 25 of those years, while Laos ran a deficit in 23 years. On average, France posted an annual deficit equal to 4.32% of GDP, compared to deficit of 2.63% of GDP for Laos.

Inflation comparison by year

Inflation
France

Laos
1x
Year Consumer prices inflation
France Laos
2024 2% 23.1%
2023 4.88% 31.2%
2022 5.22% 23%
2021 1.64% 3.8%
2020 0.48% 5.1%
2019 1.11% 3.3%
2018 1.85% 2%
2017 1.03% 0.8%
2016 0.18% 1.6%
2015 0.04% 1.3%
2014 0.51% 4.1%
2013 0.86% 6.4%
2012 1.95% 4.3%
2011 2.11% 7.6%
2010 1.53% 6%
2009 0.09% 0.1%
2008 2.81% 7.6%
2007 1.49% 4.7%
2006 1.68% 6.5%
2005 1.75% 7.2%
2004 2.14% 10.5%
2003 2.1% 15.5%
2002 1.92% 10.6%
2001 1.63% 7.8%
2000 1.68% 8.4%
1999 0.54% 128.4%
1998 0.65% 90.1%
1997 1.2% 19.5%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 15.7% in Laos. In 2024, inflation was 2% in France and 23.1% in Laos.

Top exports between countries

France
Export category Export value
Processed food, beverages & tobacco $4.14M
Machinery & equipment $2.91M
Textiles & consumer goods $911K
Wood & paper products $882K
Chemicals & pharma $857K
Precious metals & jewellery $715K
Animal & marine products $359K
Raw materials & minerals $329K
Metals $92K
Miscellaneous $85K
Laos
Export category Export value
Textiles & consumer goods $5.52M
Processed food, beverages & tobacco $1.36M
Raw agricultural goods $485K
Chemicals & pharma $402K
Machinery & equipment $237K
Metals $2K
Precious metals & jewellery $1K

Balance of trade

France Laos
Current account balance
$2.69B
2024
$531M
2024
Current account balance ranking
42/190
2024
61/190
2024
Current account balance, % of GDP
+0.09%
2024
+3.22%
2024
Goods imports
$733B
2024
$8.66B
2024
Goods exports
$668B
2024
$9.39B
2024
Service imports
$341B
2024
$1.27B
2024
Service exports
$403B
2024
$1.73B
2024
Imports of goods and services, % of GDP
34.2%
2024
41.9%
2016
Exports of goods and services, % of GDP
33.9%
2024
33.2%
2016

Economic freedom indices

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

France Laos
Economic freedom 64.6 50.9
Economic freedom ranking 72/197 157/197
Property rights 91.2 41.1
Government integrity 73.4 25.9
Judicial effectiveness 84.7 10.2
Tax burden 54.6 88.5
Government spending 0.9 92.7
Fiscal health 34.8 80
Business freedom 78.4 54.2
Labor freedom 59.1 40.7
Monetary freedom 73.2 53.3
Trade freedom 79.4 69
Investment freedom 75 35
Financial freedom 70 20

Economic freedom comparison by year

France
Laos
1x
Year Economic freedom index
France Laos
2026 64.6 50.9
2025 64.4 51.1
2024 62.5 50.6
2023 63.6 50.3
2022 65.9 49.2
2021 65.7 53.9
2020 66 55.5
2019 63.8 57.4
2018 63.9 53.6
2017 63.3 54
2016 62.3 49.8
2015 62.5 51.4
2014 63.5 51.2
2013 64.1 50.1
2012 63.2 50
2011 64.6 51.3
2010 64.2 51.1
2009 63.3 50.4
2008 64.7 50.3
2007 62.1 50.3
2006 61.1 47.5
2005 60.5 44.4
2004 60.9 42
2003 59.2 41
2002 58 36.8
2001 58 33.5
2000 57.4 36.8
1999 59.1 35.2
1998 58.9 35.2
1997 59.1 35.1
1996 63.7 38.5
1995 64.4 -

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 50.9 for Laos, ranking 157/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Laos
Services, % of GDP
70.9%
2024
43.5%
2024
Industry, % of GDP
17.2%
2024
29%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
16.8%
2024
GNI, Atlas method
$3.1T
2024
$15.5B
2024
GNI per capita, PPP
$63,880
2024
$9,160
2024
Total reserves including gold
$283B
2024
$1.77B
2023
Total reserves ranking
13/177
2024
129/177
2023
Net foreign direct investment
-$10.3B
2024
-$988M
2024
Net inflows of foreign direct investment
$52.1B
2024
$988M
2024
Net outflows of foreign direct investment
$41.7B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
13.8%
2024
Poverty at national poverty lines
15.6%
2021
22%
2020
Gross capital formation, % of GDP
21.5%
2024
29%
2016

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/laos | 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)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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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.