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Economy of France vs Malta compared: GDP & Debt

Updated on by Georank

France has a GDP of $3.37T compared to $27.8B for Malta, ranking 7/197 and 118/197 by economy size, respectively.

France has $3.9T in government debt (116% of GDP), compared to $13B (46.8% of GDP) in Malta.

France vs Malta GDP by year

France
Malta
1x
Year GDP, current $
France Malta
2025 $3,366,315,927,447 $27,771,821,561
2024 $3,160,442,622,465 $25,042,712,191
2023 $3,056,250,648,138 $22,625,329,776
2022 $2,794,788,137,067 $18,938,869,147
2021 $2,966,433,692,008 $19,730,119,031
2020 $2,647,926,055,110 $16,404,655,808
2019 $2,722,793,515,172 $16,337,788,881
2018 $2,781,576,320,884 $16,153,785,817
2017 $2,588,868,323,335 $14,161,374,599
2016 $2,470,407,619,777 $12,025,777,078
2015 $2,442,483,452,643 $11,340,789,706
2014 $2,861,236,112,552 $11,888,029,752
2013 $2,816,077,607,875 $10,796,780,874
2012 $2,683,007,095,787 $9,609,530,619
2011 $2,870,408,553,990 $9,789,363,086
2010 $2,646,230,027,988 $9,097,044,301
2009 $2,700,075,882,519 $8,769,897,418
2008 $2,926,802,941,586 $9,172,399,573
2007 $2,655,816,911,867 $7,908,412,374
2006 $2,317,861,544,691 $6,749,838,862
2005 $2,192,146,403,028 $6,393,234,965
2004 $2,109,792,297,237 $6,104,141,501
2003 $1,835,095,983,049 $5,418,315,225
2002 $1,492,427,756,382 $4,455,127,398
2001 $1,370,376,677,299 $4,070,867,153
2000 $1,360,959,069,477 $4,036,809,767
1999 $1,486,915,879,702 $4,111,857,836
1998 $1,496,906,382,032 $4,010,111,652
1997 $1,449,392,222,971 $3,787,023,655
1996 $1,598,889,216,566 $3,822,547,151
1995 $1,595,219,345,512 $3,709,396,089
1994 $1,385,822,778,828 $2,998,505,428
1993 $1,314,383,368,080 $2,709,193,538
1992 $1,389,663,073,110 $3,021,942,759
1991 $1,258,961,748,634 $2,750,216,747
1990 $1,257,649,439,827 $2,547,328,748
1989 $1,016,742,237,302 $2,118,655,677
1988 $1,010,827,662,152 $2,019,503,068
1987 $926,320,855,615 $1,751,293,461
1986 $764,946,585,851 $1,435,038,441
1985 $547,220,981,165 $1,117,797,439
1984 $525,033,325,828 $1,101,807,023
1983 $553,356,312,936 $1,165,729,707
1982 $578,152,310,610 $1,234,474,404
1981 $609,184,791,792 $1,243,509,394
1980 $694,529,183,483 $1,250,198,601
1979 $608,218,624,730 $1,001,288,847
1978 $501,724,418,605 $793,673,402
1977 $406,401,711,688 $625,563,171
1976 $368,363,152,144 $527,936,989
1975 $357,324,307,786 $474,618,321
1974 $282,739,225,314 $376,081,124
1973 $261,970,536,240 $345,616,106
1972 $201,738,881,664 $295,106,628
1971 $164,694,210,962 $264,578,485
1970 $147,312,861,698 $250,728,796
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in France vs Malta by year

France
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $48,986 - $47,907 -
2024 $46,103 $62,557 $44,024 $69,864
2023 $44,700 $60,839 $40,933 $67,057
2022 $40,989 $57,043 $35,659 $60,589
2021 $43,725 $52,517 $38,078 $56,852
2020 $39,170 $49,482 $31,823 $49,972
2019 $40,408 $51,130 $32,422 $51,393
2018 $41,418 $46,381 $33,382 $48,178
2017 $38,687 $44,469 $30,317 $45,764
2016 $37,024 $42,880 $26,459 $41,000
2015 $36,702 $40,905 $25,530 $38,369
2014 $43,148 $40,218 $27,425 $35,206
2013 $42,669 $39,583 $25,416 $33,138
2012 $40,864 $37,671 $22,878 $30,716
2011 $43,930 $37,510 $23,517 $29,426
2010 $40,695 $35,908 $21,947 $28,909
2009 $41,728 $34,685 $21,262 $26,782
2008 $45,465 $35,053 $22,406 $26,654
2007 $41,486 $34,066 $19,444 $25,012
2006 $36,432 $32,424 $16,654 $23,219
2005 $34,696 $30,431 $15,831 $22,227
2004 $33,645 $28,921 $15,212 $21,566
2003 $29,480 $28,024 $13,594 $20,813
2002 $24,145 $28,350 $11,251 $19,532
2001 $22,332 $27,347 $10,358 $18,435
2000 $22,341 $26,007 $10,348 $18,214
1999 $24,576 $24,204 $10,609 $16,898
1998 $24,869 $23,263 $10,408 $16,219
1997 $24,169 $22,190 $9,893 $15,465
1996 $26,758 $21,268 $10,062 $14,661
1995 $26,792 $20,701 $9,828 $13,950
1994 $23,360 $19,892 $8,000 $12,938
1993 $22,239 $19,094 $7,296 $12,103
1992 $23,615 $18,801 $8,220 $11,429
1991 $21,501 $18,198 $7,559 $10,784
1990 $21,586 $17,475 $7,192 $10,086
1989 $17,547 - $6,041 -
1988 $17,550 - $5,814 -
1987 $16,176 - $5,084 -
1986 $13,430 - $4,195 -
1985 $9,657 - $3,322 -
1984 $9,312 - $3,333 -
1983 $9,862 - $3,527 -
1982 $10,360 - $3,788 -
1981 $10,956 - $3,898 -
1980 $12,565 - $3,948 -
1979 $11,063 - $3,196 -
1978 $9,167 - $2,559 -
1977 $7,459 - $2,038 -
1976 $6,792 - $1,727 -
1975 $6,617 - $1,560 -
1974 $5,261 - $1,245 -
1973 $4,907 - $1,144 -
1972 $3,809 - $976 -
1971 $3,137 - $874 -
1970 $2,833 - $828 -
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 (1960–2025, retrieved 2026-07-08).

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

France's GDP per capita is $48,986, ranking 27/197, compared to $47,907 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Malta ranks 25th at $69,864.

Economic indicators

France Malta
Gross domestic product
$3.37T
2025
$27.8B
2025
GDP rank
7/197
2025
118/197
2025
GDP growth
0.84%
2024-2025
3.96%
2024-2025
GDP per capita
$48,986
2025
$47,907
2025
GDP per capita rank
27/197
2025
28/197
2025
GDP per capita, PPP
$62,557
2024
$69,864
2024
GDP per capita PPP rank
30/197
2024
25/197
2024
Government debt
$3.9T
2025
$13B
2025
Debt-to-GDP ratio
116%
2025
46.8%
2025
Government debt per person
$56,819
2025
$22,407
2025
Government debt per person rank
8/185
2025
30/185
2025
Average annual personal income after taxes
$35,062
2026
$22,914
2026
Market capitalization of domestic companies
$2.37T
2018
$5.35B
2025
Number of millionaires
2,388,000
2026
n/a
Number of billionaires
51
2026
n/a
Income share by richest 10%
25%
2023
24.7%
2023
Income share by poorest 10%
3%
2023
2.8%
2023
Government expenditure, % of GDP
57.5%
2025
37%
2025
Consumer prices inflation
0.94%
2024-2025
2.36%
2024-2025
Unemployment rate
7.7%
2025
3.1%
2025
Population
68871753
586345

Spending and national debt comparison by year

France
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
France Malta
Government spending Government debt Government spending Government debt
2025 57.5% 116% 37% 46.8%
2024 57.3% 113.2% 37.4% 46%
2023 56.8% 109.6% 35.8% 46.8%
2022 58.4% 111.4% 38.4% 50.1%
2021 59.5% 112.8% 39.5% 49.6%
2020 61.7% 114.9% 42.1% 48.6%
2019 55.3% 98.2% 34.9% 39.2%
2018 56.4% 98.5% 34.5% 41.4%
2017 57.7% 98.8% 32.7% 45.6%
2016 57.4% 98.1% 35.5% 53.1%
2015 57.6% 97% 37.8% 55%
2014 58.4% 96.2% 39.6% 60.7%
2013 58.6% 94.6% 40.1% 64.9%
2012 57.9% 91.7% 41.7% 65.6%
2011 57% 88.7% 41.5% 68.9%
2010 57.7% 86.3% 40.1% 65%
2009 58% 84.1% 41.1% 66%
2008 54.3% 69.8% 42.1% 61.5%
2007 53.6% 65.5% 41.2% 62%
2006 53.7% 65.4% 42.5% 64.5%
2005 54.3% 68.2% 42.5% 70.2%
2004 54% 66.9% 42% 70.4%
2003 54.4% 65.4% 45.6% 68.6%
2002 53.9% 61.3% 43.6% 65.1%
2001 52.8% 59.3% 44.4% 70%
2000 52.6% 59.7% 42.9% 64.4%
1999 53.7% 61.4% - 69.8%
1998 54% 62.1% - 66.4%
1997 55.6% 62% - 60.8%
1996 56% 60.6% - 51.5%
1995 56% 57.8% - 45.3%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, France's government spending was $1.93T, accounting for 57.5% of its GDP, while Malta spent $10.3B, or 37% of GDP.

Debt-to-GDP ratio is 116% in France and 46.8% in Malta, ranking 13/185 and 113/185, respectively.

Government deficit by year

Deficit/surplus
France

Malta
1x
Year Deficit/surplus, % of GDP
France Malta
2025 -5.11% -3.1%
2024 -5.79% -3.51%
2023 -5.44% -4.43%
2022 -4.74% -5.33%
2021 -6.58% -6.96%
2020 -8.93% -8.71%
2019 -2.39% 0.72%
2018 -2.32% 1.86%
2017 -3.36% 3.4%
2016 -3.76% 1.1%
2015 -3.89% -0.84%
2014 -4.57% -1.49%
2013 -4.94% -2.19%
2012 -5.17% -3.31%
2011 -5.3% -2.99%
2010 -7.16% -2.22%
2009 -7.38% -3.11%
2008 -3.5% -4.06%
2007 -2.99% -2.05%
2006 -2.66% -2.46%
2005 -3.5% -2.83%
2004 -3.55% -4.28%
2003 -4.09% -9.04%
2002 -3.18% -5.62%
2001 -1.42% -6.5%
2000 -1.32% -5.83%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, France's government deficit, the difference between spending and revenue, was $172B, equivalent to 5.11% of GDP. This compares to Malta's deficit of $861M, or 3.1% of GDP.

Over the past 26 years, France recorded a fiscal deficit in 26 of those years, while Malta ran a deficit in 22 years. On average, France posted an annual deficit equal to 4.35% of GDP, compared to deficit of 3.22% of GDP for Malta.

Inflation comparison by year

Inflation
France

Malta
1x
Year Consumer prices inflation
France Malta
2025 0.94% 2.36%
2024 2% 1.65%
2023 4.88% 5.09%
2022 5.22% 6.15%
2021 1.64% 1.5%
2020 0.48% 0.64%
2019 1.11% 1.64%
2018 1.85% 1.16%
2017 1.03% 1.36%
2016 0.18% 0.64%
2015 0.04% 1.1%
2014 0.51% 0.31%
2013 0.86% 1.18%
2012 1.95% 2.38%
2011 2.11% 2.96%
2010 1.53% 1.52%
2009 0.09% 2.08%
2008 2.81% 4.26%
2007 1.49% 1.25%
2006 1.68% 2.77%
2005 1.75% 3.01%
2004 2.14% 2.79%
2003 2.1% 1.3%
2002 1.92% 2.19%
2001 1.63% 2.93%
2000 1.68% 2.37%
1999 0.54% 2.13%
1998 0.65% 2.39%
1997 1.2% 3.11%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, France has recorded an average annual inflation rate of 1.59%, compared with 2.22% in Malta. In 2025, inflation was 0.94% in France and 2.36% in Malta.

Top exports between countries

France
Export category Export value
Machinery & equipment $1.26B
Business & finance services $267M
Chemicals & pharma $110M
Raw materials & minerals $87.9M
Transport & tourism services $79M
IT & IP services $56.3M
Processed food, beverages & tobacco $42.9M
Textiles & consumer goods $33.9M
Manufacturing & construction services $24M
Animal & marine products $23.1M
Malta
Export category Export value
Transport & tourism services $1.24B
Business & finance services $247M
Manufacturing & construction services $85.1M
Chemicals & pharma $50.8M
IT & IP services $26.7M
Machinery & equipment $21.8M
Raw materials & minerals $11.3M
Government & miscellaneous services $4.49M
Textiles & consumer goods $2.24M
Processed food, beverages & tobacco $1.19M

Balance of trade

France Malta
Current account balance
-$9.24B
2025
$1.78B
2024
Current account balance ranking
173/190
2025
45/190
2024
Current account balance, % of GDP
-0.27%
2025
+7.1%
2024
Goods imports
$770B
2025
$7.56B
2024
Goods exports
$704B
2025
$4.58B
2024
Service imports
$370B
2025
$17.4B
2024
Service exports
$429B
2025
$25B
2024
Imports of goods and services, % of GDP
33.8%
2025
99.9%
2025
Exports of goods and services, % of GDP
33.4%
2025
119.1%
2025

Economic freedom indices

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

France Malta
Economic freedom 64.6 68.2
Economic freedom ranking 72/197 49/197
Property rights 91.2 85.5
Government integrity 73.4 54.3
Judicial effectiveness 84.7 80.2
Tax burden 54.6 68.5
Government spending 0.9 58.4
Fiscal health 34.8 63.2
Business freedom 78.4 83.2
Labor freedom 59.1 62.6
Monetary freedom 73.2 73.1
Trade freedom 79.4 79.4
Investment freedom 75 60
Financial freedom 70 50

Economic freedom comparison by year

France
Malta
1x
Year Economic freedom index
France Malta
2026 64.6 68.2
2025 64.4 66.8
2024 62.5 64.5
2023 63.6 67.5
2022 65.9 71.5
2021 65.7 70.2
2020 66 69.5
2019 63.8 68.6
2018 63.9 68.5
2017 63.3 67.7
2016 62.3 66.7
2015 62.5 66.5
2014 63.5 66.4
2013 64.1 67.5
2012 63.2 67
2011 64.6 65.7
2010 64.2 67.2
2009 63.3 66.1
2008 64.7 66
2007 62.1 66.1
2006 61.1 67.3
2005 60.5 68.9
2004 60.9 63.3
2003 59.2 61.1
2002 58 62.2
2001 58 62.9
2000 57.4 58.3
1999 59.1 59.3
1998 58.9 61.2
1997 59.1 57.9
1996 63.7 55.8
1995 64.4 56.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Malta
Services, % of GDP
70.9%
2025
81.3%
2025
Industry, % of GDP
16.8%
2025
10.1%
2025
Agriculture, forestry, and fishing, % of GDP
1.4%
2025
0.47%
2025
GNI, Atlas method
$3.34T
2025
$24B
2025
GNI per capita, PPP
$65,110
2025
$64,900
2025
Total reserves including gold
$428B
2025
$1.54B
2025
Total reserves ranking
12/177
2025
134/177
2025
Net foreign direct investment
$7.24B
2025
-$6.13B
2024
Net inflows of foreign direct investment
$52.1B
2024
$42.6B
2024
Net outflows of foreign direct investment
$41.7B
2024
$36.5B
2024
Poverty at national poverty lines
15.6%
2021
16.7%
2021
Gross capital formation, % of GDP
21.9%
2025
18.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
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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.

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.