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Economy of France vs Lesotho compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $2.27B for Lesotho, ranking 7/197 and 175/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $1.29B (56.8% of GDP) in Lesotho.

France vs Lesotho GDP by year

France
Lesotho
1x
Year GDP, current $
France Lesotho
2024 $3,160,442,622,465 $2,271,759,455
2023 $3,056,250,648,138 $2,117,962,445
2022 $2,794,788,137,067 $2,354,980,960
2021 $2,966,433,692,008 $2,412,130,057
2020 $2,647,926,055,110 $2,053,699,864
2019 $2,722,793,515,172 $2,390,702,296
2018 $2,781,576,320,884 $2,556,247,292
2017 $2,588,868,323,335 $2,306,741,672
2016 $2,470,407,619,777 $2,114,426,452
2015 $2,442,483,452,643 $2,359,686,725
2014 $2,861,236,112,552 $2,441,063,054
2013 $2,816,077,607,875 $2,367,112,932
2012 $2,683,007,095,787 $2,477,702,216
2011 $2,870,408,553,990 $2,579,409,620
2010 $2,646,230,027,988 $2,234,754,242
2009 $2,700,075,882,519 $1,740,894,965
2008 $2,926,802,941,586 $1,766,902,709
2007 $2,655,816,911,867 $1,682,131,785
2006 $2,317,861,544,691 $1,800,092,564
2005 $2,192,146,403,028 $1,682,343,527
2004 $2,109,792,297,237 $1,511,236,656
2003 $1,835,095,983,049 $1,157,825,435
2002 $1,492,427,756,382 $775,777,239
2001 $1,370,376,677,299 $825,706,961
2000 $1,360,959,069,477 $887,291,688
1999 $1,486,915,879,702 $912,773,681
1998 $1,496,906,382,032 $928,460,893
1997 $1,449,392,222,971 $998,004,259
1996 $1,598,889,216,566 $946,112,493
1995 $1,595,219,345,512 $1,001,894,000
1994 $1,385,822,778,828 $878,250,945
1993 $1,314,383,368,080 $835,582,062
1992 $1,389,663,073,110 $831,029,862
1991 $1,258,961,748,634 $704,325,367
1990 $1,257,649,439,827 $596,410,264
1989 $1,016,742,237,302 $495,409,233
1988 $1,010,827,662,152 $470,395,801
1987 $926,320,855,615 $402,768,324
1986 $764,946,585,851 $318,858,423
1985 $547,220,981,165 $268,629,926
1984 $525,033,325,828 $333,163,670
1983 $553,356,312,936 $386,699,309
1982 $578,152,310,610 $348,741,684
1981 $609,184,791,792 $434,188,034
1980 $694,529,183,483 $431,542,537
1979 $608,218,624,730 $290,134,593
1978 $501,724,418,605 $266,570,067
1977 $406,401,711,688 $193,315,048
1976 $368,363,152,144 $147,660,037
1975 $357,324,307,786 $149,558,896
1974 $282,739,225,314 $150,851,317
1973 $261,970,536,240 $121,188,716
1972 $201,738,881,664 $80,913,200
1971 $164,694,210,962 $76,480,285
1970 $147,312,861,698 $68,739,973
1969 $140,660,914,841 $65,967,974
1968 $128,710,572,572 $61,445,975
1967 $118,088,635,381 $59,261,976
1966 $109,306,730,313 $56,699,977
1965 $100,927,668,584 $54,879,978
1964 $93,424,179,943 $51,939,979
1963 $84,227,606,650 $47,039,981
1962 $75,196,980,365 $41,859,983
1961 $67,158,050,215 $35,699,986
1960 $61,959,085,885 $34,579,986

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

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

GDP per capita in France vs Lesotho by year

France
GDP per capita

GDP per capita, PPP
Lesotho
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Lesotho
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $972 $3,001
2023 $44,700 $60,839 $916 $2,881
2022 $40,989 $57,043 $1,030 $2,761
2021 $43,725 $52,517 $1,067 $2,545
2020 $39,170 $49,482 $919 $2,559
2019 $40,408 $51,130 $1,082 $2,568
2018 $41,418 $46,381 $1,171 $2,632
2017 $38,687 $44,469 $1,069 $2,619
2016 $37,024 $42,880 $992 $2,942
2015 $36,702 $40,905 $1,121 $3,035
2014 $43,148 $40,218 $1,174 $2,771
2013 $42,669 $39,583 $1,151 $2,538
2012 $40,864 $37,671 $1,218 $2,291
2011 $43,930 $37,510 $1,281 $2,279
2010 $40,695 $35,908 $1,119 $2,153
2009 $41,728 $34,685 $879 $2,036
2008 $45,465 $35,053 $898 $2,064
2007 $41,486 $34,066 $861 $1,932
2006 $36,432 $32,424 $925 $1,813
2005 $34,696 $30,431 $861 $1,681
2004 $33,645 $28,921 $767 $1,561
2003 $29,480 $28,024 $583 $1,484
2002 $24,145 $28,350 $389 $1,385
2001 $22,332 $27,347 $413 $1,350
2000 $22,341 $26,007 $443 $1,273
1999 $24,576 $24,204 $456 $1,199
1998 $24,869 $23,263 $465 $1,179
1997 $24,169 $22,190 $502 $1,154
1996 $26,758 $21,268 $480 $1,103
1995 $26,792 $20,701 $513 $1,037
1994 $23,360 $19,892 $456 $995
1993 $22,239 $19,094 $439 $932
1992 $23,615 $18,801 $444 $893
1991 $21,501 $18,198 $382 $830
1990 $21,586 $17,475 $330 $764
1989 $17,547 - $279 -
1988 $17,550 - $270.4 -
1987 $16,176 - $236.5 -
1986 $13,430 - $191.4 -
1985 $9,657 - $165.4 -
1984 $9,312 - $211 -
1983 $9,862 - $252 -
1982 $10,360 - $233.9 -
1981 $10,956 - $299.8 -
1980 $12,565 - $307 -
1979 $11,063 - $212.4 -
1978 $9,167 - $200.8 -
1977 $7,459 - $149.9 -
1976 $6,792 - $117.8 -
1975 $6,617 - $123.2 -
1974 $5,261 - $128.7 -
1973 $4,907 - $107 -
1972 $3,809 - $74 -
1971 $3,137 - $72.4 -
1970 $2,833 - $67.4 -
1969 $2,729 - $67.1 -
1968 $2,518 - $64.8 -
1967 $2,328 - $64.8 -
1966 $2,173 - $64.3 -
1965 $2,024 - $64.3 -
1964 $1,891 - $62.6 -
1963 $1,723 - $58.4 -
1962 $1,554 - $53.5 -
1961 $1,402 - $47 -
1960 $1,307 - $47 -

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

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

France's GDP per capita is $46,103, ranking 27/197, compared to $972 in Lesotho, ranking 181/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Lesotho ranks 180th at $3,001.

Economic indicators

France Lesotho
Gross domestic product
$3.16T
2024
$2.27B
2024
GDP rank
7/197
2024
175/197
2024
GDP growth
1.19%
2023-2024
2.85%
2023-2024
GDP per capita
$46,103
2024
$972
2024
GDP per capita rank
27/197
2024
181/197
2024
GDP per capita, PPP
$62,557
2024
$3,001
2024
GDP per capita PPP rank
30/197
2024
180/197
2024
Government debt
$3.58T
2024
$1.29B
2024
Debt-to-GDP ratio
113.1%
2024
56.8%
2024
Government debt per person
$52,165
2024
$552
2024
Government debt per person rank
8/185
2024
164/185
2024
Average annual personal income after taxes
$35,669
2026
$6,545
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
32.9%
2017
Income share by poorest 10%
3%
2023
1.7%
2017
Government expenditure, % of GDP
57.2%
2024
53.5%
2024
Consumer prices inflation
2%
2023-2024
6.11%
2023-2024
Central bank interest rate n/a
6.5%
2025
Unemployment rate
7.44%
2024
18.7%
2024
Population
68788006
2396633

Spending and national debt comparison by year

France
Spending

Debt
Lesotho
Spending

Debt
1x
Year % of GDP
France Lesotho
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 53.5% 56.8%
2023 56.8% 109.6% 49.4% 61.5%
2022 58.4% 111.4% 50.8% 64.4%
2021 59.5% 112.8% 53.8% 58%
2020 61.7% 114.9% 54.4% 54.7%
2019 55.3% 98.1% 53.6% 58.2%
2018 56.4% 98.5% 51.9% 48.2%
2017 57.7% 98.7% 50.4% 41%
2016 57.4% 98.1% 54.1% 41.5%
2015 57.6% 96.9% 51.7% 45.8%
2014 58.4% 96.1% 50.1% 41.5%
2013 58.6% 94.5% 58.4% 41.2%
2012 57.9% 91.7% 58.1% 39.8%
2011 57% 88.7% 60.2% 36.2%
2010 57.7% 86.3% 55.3% 33.8%
2009 58% 84.1% 66.4% 35.9%
2008 54.3% 69.8% 54.1% 47%
2007 53.6% 65.5% 48.1% 49.6%
2006 53.7% 65.4% 43.2% 43.7%
2005 54.3% 68.2% 37.6% 41%
2004 54% 66.9% 36.3% 49.4%
2003 54.4% 65.4% 39.8% 52.6%
2002 53.9% 61.3% 41.2% 79.6%
2001 52.8% 59.3% 41.4% 108.7%
2000 52.6% 59.7% 39.3% 88.5%
1999 53.7% 61.4% 50.8% 83%
1998 54% 62.1% 51.4% 79.4%
1997 55.6% 62% 44.6% 65.7%
1996 56% 60.6% 41.5% 71.6%
1995 56% 57.8% 42.1% 62.8%
1994 55.9% 51.6% 40.2% 67%
1993 56.5% 48.2% 36% 71.2%
1992 54% 41.7% 35.3% 64.4%
1991 52.7% 37.8% 31.3% 11.9%
1990 51.6% 36.8% 32.9% 18%
1989 48.9% 34% 35.8% 112.5%
1988 50.1% 33.3% 35.3% 105.2%
1987 50.7% 33.4% 40.3% 97.4%
1986 51.3% 31.1% 33.2% 92.5%
1985 51.9% 30.6% 32.8% 86.3%
1984 51.2% 29% 26.8% 57.2%
1983 50.2% 26.6% 27.2% 56.7%
1982 49.9% 25.3% 29.9% 61.4%
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/lesotho | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Lesotho spent $1.22B, or 53.5% of GDP.

Debt-to-GDP ratio is 113.1% in France and 56.8% in Lesotho, ranking 14/185 and 92/185, respectively.

Government deficit by year

Deficit/surplus
France

Lesotho
1x
Year Deficit/surplus, % of GDP
France Lesotho
2024 -5.77% 9.04%
2023 -5.44% 7.31%
2022 -4.74% -6.41%
2021 -6.58% -4.95%
2020 -8.93% 1.18%
2019 -2.39% -5.72%
2018 -2.32% -4.41%
2017 -3.36% -2.02%
2016 -3.76% -9.43%
2015 -3.89% -1.38%
2014 -4.57% 3.16%
2013 -4.94% -2.58%
2012 -5.17% 4.56%
2011 -5.3% -9.85%
2010 -7.16% -1.49%
2009 -7.38% -4.16%
2008 -3.5% 8.1%
2007 -2.99% 10.8%
2006 -2.66% 11.6%
2005 -3.5% 4.46%
2004 -3.55% 6.05%
2003 -4.09% 0.89%
2002 -3.18% -2.44%
2001 -1.42% -2.76%
2000 -1.32% -0.95%
1999 -1.55% -15.3%
1998 -2.39% -11.8%
1997 -3.71% 0.27%
1996 -3.89% 2.11%
1995 -5.11% 5.13%
1994 -5.46% 5.69%
1993 -6.4% 7.55%
1992 -4.64% 4.65%
1991 -2.89% 9.74%
1990 -2.45% 8.78%
1989 -1.9% 3.88%
1988 -2.7% -1.87%
1987 -2.13% -2.85%
1986 -3.3% 0.87%
1985 -3.08% 1.68%
1984 -2.8% 4.82%
1983 -2.58% 1.85%
1982 -2.91% -2.03%
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/lesotho | 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 Lesotho's surplus of $205M, or 9.04% of GDP.

Over the past 43 years, France recorded a fiscal deficit in 43 of those years, while Lesotho ran a deficit in 19 years. On average, France posted an annual deficit equal to 3.9% of GDP, compared to surplus of 0.74% of GDP for Lesotho.

Inflation comparison by year

Inflation
France

Lesotho
1x
Year Consumer prices inflation
France Lesotho
2024 2% 6.11%
2023 4.88% 6.34%
2022 5.22% 8.27%
2021 1.64% 6.05%
2020 0.48% 4.98%
2019 1.11% 5.19%
2018 1.85% 4.75%
2017 1.03% 4.45%
2016 0.18% 6.6%
2015 0.04% 3.22%
2014 0.51% 5.37%
2013 0.86% 4.87%
2012 1.95% 6.05%
2011 2.11% 5.04%
2010 1.53% -2.41%
2009 0.09% -16.9%
2008 2.81% 10.7%
2007 1.49% 8.01%
2006 1.68% 6.07%
2005 1.75% 3.44%
2004 2.14% 5.02%
2003 2.1% 6.63%
2002 1.92% 33.8%
2001 1.63% -9.62%
2000 1.68% 6.13%
1999 0.54% -
1998 0.65% -
1997 1.2% -

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

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

Over the past 25 years, France has recorded an average annual inflation rate of 1.71%, compared with 5.13% in Lesotho. In 2024, inflation was 2% in France and 6.11% in Lesotho.

Top exports between countries

France
Export category Export value
Processed food, beverages & tobacco $247K
Machinery & equipment $102K
Wood & paper products $35K
Textiles & consumer goods $18K
Chemicals & pharma $16K
Raw materials & minerals $9K
Precious metals & jewellery $1K
Raw agricultural goods $1K
Lesotho
Export category Export value
Machinery & equipment $52K
Miscellaneous $4K
Chemicals & pharma $2K
Raw agricultural goods $1K

Balance of trade

France Lesotho
Current account balance
$2.69B
2024
$89.2M
2024
Current account balance ranking
42/190
2024
68/190
2024
Current account balance, % of GDP
+0.09%
2024
+3.93%
2024
Goods imports
$733B
2024
$1.67B
2024
Goods exports
$668B
2024
$965M
2024
Service imports
$341B
2024
$415M
2024
Service exports
$403B
2024
$15.4M
2024
Imports of goods and services, % of GDP
34.2%
2024
98.6%
2023
Exports of goods and services, % of GDP
33.9%
2024
42.9%
2023

Economic freedom indices

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

France Lesotho
Economic freedom 64.6 54.9
Economic freedom ranking 72/197 130/197
Property rights 91.2 41.7
Government integrity 73.4 39.6
Judicial effectiveness 84.7 43.6
Tax burden 54.6 76.4
Government spending 0.9 21.3
Fiscal health 34.8 93.5
Business freedom 78.4 50.6
Labor freedom 59.1 57
Monetary freedom 73.2 74.8
Trade freedom 79.4 65.4
Investment freedom 75 55
Financial freedom 70 40

Economic freedom comparison by year

France
Lesotho
1x
Year Economic freedom index
France Lesotho
2026 64.6 54.9
2025 64.4 54.1
2024 62.5 51.9
2023 63.6 51.6
2022 65.9 48.1
2021 65.7 53.5
2020 66 54.5
2019 63.8 53.1
2018 63.9 53.9
2017 63.3 53.9
2016 62.3 50.6
2015 62.5 49.6
2014 63.5 49.5
2013 64.1 47.9
2012 63.2 46.6
2011 64.6 47.5
2010 64.2 48.1
2009 63.3 49.7
2008 64.7 52.1
2007 62.1 53.2
2006 61.1 54.7
2005 60.5 53.9
2004 60.9 50.3
2003 59.2 52
2002 58 48.9
2001 58 50.6
2000 57.4 48.4
1999 59.1 48.2
1998 58.9 48.4
1997 59.1 47.2
1996 63.7 47
1995 64.4 -

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 54.9 for Lesotho, ranking 130/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Lesotho
Services, % of GDP
70.9%
2024
48%
2024
Industry, % of GDP
17.2%
2024
30.9%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
6.5%
2024
GNI, Atlas method
$3.1T
2024
$2.75B
2024
GNI per capita, PPP
$63,880
2024
$3,580
2024
Total reserves including gold
$283B
2024
$1.01B
2024
Total reserves ranking
13/177
2024
142/177
2024
Net foreign direct investment
-$10.3B
2024
$12.6M
2024
Net inflows of foreign direct investment
$52.1B
2024
-$12.6M
2024
Net outflows of foreign direct investment
$41.7B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
4.06%
2024
Poverty at national poverty lines
15.6%
2021
49.7%
2017
Gross capital formation, % of GDP
21.5%
2024
27.2%
2023

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/lesotho | 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)
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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.