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Economy of France vs Liberia compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $4.78B for Liberia, ranking 7/197 and 163/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $2.73B (57.2% of GDP) in Liberia.

France vs Liberia GDP by year

France
Liberia
1x
Year GDP, current $
France Liberia
2024 $3,160,442,622,465 $4,779,300,900
2023 $3,056,250,648,138 $4,390,000,000
2022 $2,794,788,137,067 $4,001,047,000
2021 $2,966,433,692,008 $3,513,049,500
2020 $2,647,926,055,110 $3,176,126,300
2019 $2,722,793,515,172 $3,319,596,500
2018 $2,781,576,320,884 $3,422,754,800
2017 $2,588,868,323,335 $3,390,703,400
2016 $2,470,407,619,777 $3,398,419,600
2015 $2,442,483,452,643 $3,227,075,700
2014 $2,861,236,112,552 $3,225,652,000
2013 $2,816,077,607,875 $3,177,198,100
2012 $2,683,007,095,787 $2,791,614,000
2011 $2,870,408,553,990 $2,398,000,000
2010 $2,646,230,027,988 $1,998,000,000
2009 $2,700,075,882,519 $1,768,000,000
2008 $2,926,802,941,586 $1,726,000,000
2007 $2,655,816,911,867 $1,373,000,000
2006 $2,317,861,544,691 $1,119,000,000
2005 $2,192,146,403,028 $949,000,000
2004 $2,109,792,297,237 $897,000,000
2003 $1,835,095,983,049 $748,000,000
2002 $1,492,427,756,382 $927,000,000
2001 $1,370,376,677,299 $906,000,000
2000 $1,360,959,069,477 $874,000,000
1999 $1,486,915,879,702 $441,800,000
1998 $1,496,906,382,032 $359,600,000
1997 $1,449,392,222,971 $295,900,000
1996 $1,598,889,216,566 $159,400,000
1995 $1,595,219,345,512 $134,800,000
1994 $1,385,822,778,828 $132,200,000
1993 $1,314,383,368,080 $160,400,000
1992 $1,389,663,073,110 $223,500,000
1991 $1,258,961,748,634 $348,000,000
1990 $1,257,649,439,827 $384,400,000
1989 $1,016,742,237,302 $786,300,000
1988 $1,010,827,662,152 $1,038,300,000
1987 $926,320,855,615 $972,800,000
1986 $764,946,585,851 $840,964,400
1985 $547,220,981,165 $851,296,100
1984 $525,033,325,828 $848,478,300
1983 $553,356,312,936 $823,374,900
1982 $578,152,310,610 $863,933,200
1981 $609,184,791,792 $846,514,500
1980 $694,529,183,483 $854,711,500
1979 $608,218,624,730 $814,067,900
1978 $501,724,418,605 $717,240,400
1977 $406,401,711,688 $673,010,600
1976 $368,363,152,144 $596,675,700
1975 $357,324,307,786 $577,549,300
1974 $282,739,225,314 $486,955,000
1973 $261,970,536,240 $386,968,300
1972 $201,738,881,664 $368,098,000
1971 $164,694,210,962 $341,543,100
1970 $147,312,861,698 $323,099,700
1969 $140,660,914,841 $306,961,800
1968 $128,710,572,572 $276,820,700
1967 $118,088,635,381 $261,024,300
1966 $109,306,730,313 $244,459,500
1965 $100,927,668,584 $229,260,800
1964 $93,424,179,943 $218,929,100
1963 $84,227,606,650 $200,229,600
1962 $75,196,980,365 $191,861,800
1961 $67,158,050,215 $183,920,900
1960 $61,959,085,885 $190,495,600

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

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

GDP per capita in France vs Liberia by year

France
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $851 $1,871
2023 $44,700 $60,839 $799 $1,795
2022 $40,989 $57,043 $745 $1,692
2021 $43,725 $52,517 $668 $1,539
2020 $39,170 $49,482 $617 $1,660
2019 $40,408 $51,130 $658 $1,900
2018 $41,418 $46,381 $692 $1,800
2017 $38,687 $44,469 $699 $1,665
2016 $37,024 $42,880 $715 $1,490
2015 $36,702 $40,905 $693 $1,340
2014 $43,148 $40,218 $707 $1,419
2013 $42,669 $39,583 $711 $1,360
2012 $40,864 $37,671 $638 $1,157
2011 $43,930 $37,510 $568 $1,041
2010 $40,695 $35,908 $492 $980
2009 $41,728 $34,685 $448 $939
2008 $45,465 $35,053 $452 $915
2007 $41,486 $34,066 $374 $873
2006 $36,432 $32,424 $321 $815
2005 $34,696 $30,431 $287.5 $774
2004 $33,645 $28,921 $284.1 $745
2003 $29,480 $28,024 $239.8 $716
2002 $24,145 $28,350 $299.5 $1,013
2001 $22,332 $27,347 $300 $987
2000 $22,341 $26,007 $298.5 $965
1999 $24,576 $24,204 $156.6 $762
1998 $24,869 $23,263 $134.7 $652
1997 $24,169 $22,190 $122.6 $548
1996 $26,758 $21,268 $71.4 $282.2
1995 $26,792 $20,701 $62.1 $254.4
1994 $23,360 $19,892 $61.5 $262.6
1993 $22,239 $19,094 $74.4 $328
1992 $23,615 $18,801 $107.8 $497
1991 $21,501 $18,198 $177.9 $793
1990 $21,586 $17,475 $172.9 $787
1989 $17,547 - $312 -
1988 $17,550 - $424 -
1987 $16,176 - $409 -
1986 $13,430 - $364 -
1985 $9,657 - $380 -
1984 $9,312 - $390 -
1983 $9,862 - $391 -
1982 $10,360 - $422 -
1981 $10,956 - $426 -
1980 $12,565 - $443 -
1979 $11,063 - $435 -
1978 $9,167 - $394 -
1977 $7,459 - $381 -
1976 $6,792 - $347 -
1975 $6,617 - $346 -
1974 $5,261 - $299.4 -
1973 $4,907 - $244.4 -
1972 $3,809 - $238.6 -
1971 $3,137 - $227.1 -
1970 $2,833 - $220.3 -
1969 $2,729 - $214.7 -
1968 $2,518 - $198.6 -
1967 $2,328 - $192.2 -
1966 $2,173 - $184.6 -
1965 $2,024 - $177.6 -
1964 $1,891 - $173.9 -
1963 $1,723 - $163.1 -
1962 $1,554 - $160.3 -
1961 $1,402 - $157.5 -
1960 $1,307 - $167.2 -

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

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

France's GDP per capita is $46,103, ranking 27/197, compared to $851 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Liberia ranks 188th at $1,871.

Economic indicators

France Liberia
Gross domestic product
$3.16T
2024
$4.78B
2024
GDP rank
7/197
2024
163/197
2024
GDP growth
1.19%
2023-2024
4.02%
2023-2024
GDP per capita
$46,103
2024
$851
2024
GDP per capita rank
27/197
2024
184/197
2024
GDP per capita, PPP
$62,557
2024
$1,871
2024
GDP per capita PPP rank
30/197
2024
188/197
2024
Government debt
$3.58T
2024
$2.73B
2024
Debt-to-GDP ratio
113.1%
2024
57.2%
2024
Government debt per person
$52,165
2024
$487
2024
Government debt per person rank
8/185
2024
167/185
2024
Average annual personal income after taxes
$35,669
2026
$1,191
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
27.1%
2016
Income share by poorest 10%
3%
2023
2.9%
2016
Government expenditure, % of GDP
57.2%
2024
24.3%
2024
Consumer prices inflation
2%
2023-2024
8.2%
2023-2024
Unemployment rate
7.44%
2024
5.93%
2017
Population
68788006
5887000

Spending and national debt comparison by year

France
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
France Liberia
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 24.3% 57.2%
2023 56.8% 109.6% 27.1% 57.8%
2022 58.4% 111.4% 26.9% 54.3%
2021 59.5% 112.8% 29.8% 53.3%
2020 61.7% 114.9% 35.3% 58.7%
2019 55.3% 98.1% 32.3% 48.6%
2018 56.4% 98.5% 32.7% 37.1%
2017 57.7% 98.7% 35.1% 31.8%
2016 57.4% 98.1% 35.8% 28.6%
2015 57.6% 96.9% 37.1% 24.8%
2014 58.4% 96.1% 33.4% 24.3%
2013 58.6% 94.5% 27.4% 20.6%
2012 57.9% 91.7% 30.8% 20.5%
2011 57% 88.7% 30.1% 22.7%
2010 57.7% 86.3% 25.2% 25.6%
2009 58% 84.1% 23.7% 130.9%
2008 54.3% 69.8% 21.6% 233.1%
2007 53.6% 65.5% 17.2% 394%
2006 53.7% 65.4% 11.1% 472%
2005 54.3% 68.2% 12.8% 535%
2004 54% 66.9% 12.1% 543%
2003 54.4% 65.4% 9.85% 658%
2002 53.9% 61.3% 13.2% 481%
2001 52.8% 59.3% 12.6% 484%
2000 52.6% 59.7% 15.2% 489%
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/liberia | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Liberia spent $1.16B, or 24.3% of GDP.

Debt-to-GDP ratio is 113.1% in France and 57.2% in Liberia, ranking 14/185 and 91/185, respectively.

Government deficit by year

Deficit/surplus
France

Liberia
1x
Year Deficit/surplus, % of GDP
France Liberia
2024 -5.77% -1.98%
2023 -5.44% -7.03%
2022 -4.74% -5.33%
2021 -6.58% -2.5%
2020 -8.93% -4.02%
2019 -2.39% -4.92%
2018 -2.32% -4.7%
2017 -3.36% -7.14%
2016 -3.76% -3.83%
2015 -3.89% -3.74%
2014 -4.57% -4.92%
2013 -4.94% 1.29%
2012 -5.17% -2.86%
2011 -5.3% -4.43%
2010 -7.16% 1.17%
2009 -7.38% -1.39%
2008 -3.5% -2.68%
2007 -2.99% 2.44%
2006 -2.66% 4.42%
2005 -3.5% -0.55%
2004 -3.55% -0.56%
2003 -4.09% 0.39%
2002 -3.18% -1.63%
2001 -1.42% -0.98%
2000 -1.32% -0.08%
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/liberia | 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 Liberia's deficit of $94.6M, or 1.98% of GDP.

Over the past 25 years, France recorded a fiscal deficit in 25 of those years, while Liberia ran a deficit in 20 years. On average, France posted an annual deficit equal to 4.32% of GDP, compared to deficit of 2.22% of GDP for Liberia.

Inflation comparison by year

Inflation
France

Liberia
1x
Year Consumer prices inflation
France Liberia
2024 2% 8.2%
2023 4.88% 10.1%
2022 5.22% 7.6%
2021 1.64% 7.8%
2020 0.48% 17%
2019 1.11% 27%
2018 1.85% 23.5%
2017 1.03% 12.4%
2016 0.18% 8.8%
2015 0.04% 7.7%
2014 0.51% 9.9%
2013 0.86% 7.6%
2012 1.95% 6.8%
2011 2.11% 8.5%
2010 1.53% 7.3%
2009 0.09% 7.4%
2008 2.81% 17.5%
2007 1.49% 11.4%
2006 1.68% 9.5%
2005 1.75% 6.9%
2004 2.14% 3.6%
2003 2.1% 10.3%
2002 1.92% 14.2%
2001 1.63% 12.1%
2000 1.68% 5.3%
1999 0.54% 2%
1998 0.65% -
1997 1.2% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1999–2024, retrieved 2026-02-20).

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

Over the past 26 years, France has recorded an average annual inflation rate of 1.66%, compared with 10.4% in Liberia. In 2024, inflation was 2% in France and 8.2% in Liberia.

Top exports between countries

France
Export category Export value
Machinery & equipment $2.96M
Processed food, beverages & tobacco $2.12M
Chemicals & pharma $1.34M
Animal & marine products $715K
Wood & paper products $448K
Raw materials & minerals $335K
Textiles & consumer goods $273K
Raw agricultural goods $102K
Weapons & explosives $81K
Metals $49K
Liberia
Export category Export value
Raw materials & minerals $72.5M
Machinery & equipment $160K
Wood & paper products $141K
Textiles & consumer goods $77K
Miscellaneous $72K
Processed food, beverages & tobacco $48K

Balance of trade

France Liberia
Current account balance
$2.69B
2024
$64.8M
2022
Current account balance ranking
42/190
2024
73/190
2022
Current account balance, % of GDP
+0.09%
2024
+1.62%
2022
Goods imports
$733B
2024
$1.53B
2022
Goods exports
$668B
2024
$1.03B
2022
Service imports
$341B
2024
$434M
2022
Service exports
$403B
2024
$192M
2022
Imports of goods and services, % of GDP
34.2%
2024
n/a
Exports of goods and services, % of GDP
33.9%
2024
28.5%
2025

Economic freedom indices

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

France Liberia
Economic freedom 64.6 49.8
Economic freedom ranking 72/197 163/197
Property rights 91.2 40.4
Government integrity 73.4 25.8
Judicial effectiveness 84.7 23.4
Tax burden 54.6 86.1
Government spending 0.9 79.5
Fiscal health 34.8 56.9
Business freedom 78.4 38
Labor freedom 59.1 43.4
Monetary freedom 73.2 71.4
Trade freedom 79.4 57.4
Investment freedom 75 55
Financial freedom 70 20

Economic freedom comparison by year

France
Liberia
1x
Year Economic freedom index
France Liberia
2026 64.6 49.8
2025 64.4 48.5
2024 62.5 49.9
2023 63.6 49.6
2022 65.9 47.9
2021 65.7 49.2
2020 66 49
2019 63.8 49.7
2018 63.9 50.9
2017 63.3 49.1
2016 62.3 52.2
2015 62.5 52.7
2014 63.5 52.4
2013 64.1 49.3
2012 63.2 48.6
2011 64.6 46.5
2010 64.2 46.2
2009 63.3 48.1
2008 64.7 -
2007 62.1 -
2006 61.1 -
2005 60.5 -
2004 60.9 -
2003 59.2 -
2002 58 -
2001 58 -
2000 57.4 -
1999 59.1 -
1998 58.9 -
1997 59.1 -
1996 63.7 -
1995 64.4 -

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Liberia
Services, % of GDP
70.9%
2024
41.9%
2024
Industry, % of GDP
17.2%
2024
22.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
33.8%
2024
GNI, Atlas method
$3.1T
2024
$4.28B
2024
GNI per capita, PPP
$63,880
2024
$1,750
2024
Total reserves including gold
$283B
2024
$600M
2022
Total reserves ranking
13/177
2024
153/177
2022
Net foreign direct investment
-$10.3B
2024
-$960M
2022
Net inflows of foreign direct investment
$52.1B
2024
$472M
2024
Net outflows of foreign direct investment
$41.7B
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI n/a
3.09%
2024
Poverty at national poverty lines
15.6%
2021
50.9%
2016
Gross capital formation, % of GDP
21.5%
2024
n/a

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/liberia | 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 (2020–2024, 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.