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Economy of France vs Marshall Islands compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $290M for the Marshall Islands, ranking 7/197 and 193/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $38.4M (13.2% of GDP) in the Marshall Islands.

France vs Marshall Islands GDP by year

France
Marshall Islands
1x
Year GDP, current $
France Marshall Islands
2024 $3,160,442,622,465 $290,108,490
2023 $3,056,250,648,138 $263,761,322
2022 $2,794,788,137,067 $258,723,511
2021 $2,966,433,692,008 $261,245,544
2020 $2,647,926,055,110 $241,800,000
2019 $2,722,793,515,172 $232,900,000
2018 $2,781,576,320,884 $220,000,000
2017 $2,588,868,323,335 $213,700,000
2016 $2,470,407,619,777 $201,800,000
2015 $2,442,483,452,643 $183,700,000
2014 $2,861,236,112,552 $186,000,000
2013 $2,816,077,607,875 $186,400,000
2012 $2,683,007,095,787 $180,700,000
2011 $2,870,408,553,990 $172,300,000
2010 $2,646,230,027,988 $161,100,000
2009 $2,700,075,882,519 $151,200,000
2008 $2,926,802,941,586 $146,600,000
2007 $2,655,816,911,867 $150,500,000
2006 $2,317,861,544,691 $143,200,000
2005 $2,192,146,403,028 $138,000,000
2004 $2,109,792,297,237 $132,900,000
2003 $1,835,095,983,049 $131,128,500
2002 $1,492,427,756,382 $131,960,000
2001 $1,370,376,677,299 $122,406,100
2000 $1,360,959,069,477 $114,838,500
1999 $1,486,915,879,702 $113,352,100
1998 $1,496,906,382,032 $112,070,100
1997 $1,449,392,222,971 $109,884,700
1996 $1,598,889,216,566 $110,858,000
1995 $1,595,219,345,512 $120,230,000
1994 $1,385,822,778,828 $108,071,000
1993 $1,314,383,368,080 $99,461,000
1992 $1,389,663,073,110 $91,063,000
1991 $1,258,961,748,634 $82,507,000
1990 $1,257,649,439,827 $78,476,000
1989 $1,016,742,237,302 $72,798,000
1988 $1,010,827,662,152 $70,688,000
1987 $926,320,855,615 $62,983,000
1986 $764,946,585,851 $55,989,000
1985 $547,220,981,165 $43,879,000
1984 $525,033,325,828 $45,144,000
1983 $553,356,312,936 $41,749,000
1982 $578,152,310,610 $34,918,000
1981 $609,184,791,792 $31,020,000
1980 $694,529,183,483 $26,710,653
1979 $608,218,624,730 $25,545,346
1978 $501,724,418,605 $22,209,370
1977 $406,401,711,688 $20,210,069
1976 $368,363,152,144 $18,153,647
1975 $357,324,307,786 $16,691,301
1974 $282,739,225,314 $15,217,532
1973 $261,970,536,240 $11,607,366
1972 $201,738,881,664 $9,973,652
1971 $164,694,210,962 $9,116,810
1970 $147,312,861,698 $8,408,486
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/marshall-islands | CC BY

GDP per capita in France vs Marshall Islands by year

France
GDP per capita

GDP per capita, PPP
Marshall Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Marshall Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $7,726 $8,195
2023 $44,700 $60,839 $6,793 $7,549
2022 $40,989 $57,043 $6,456 $7,431
2021 $43,725 $52,517 $6,315 $6,768
2020 $39,170 $49,482 $5,662 $6,137
2019 $40,408 $51,130 $5,292 $6,045
2018 $41,418 $46,381 $4,858 $5,232
2017 $38,687 $44,469 $4,593 $4,719
2016 $37,024 $42,880 $4,230 $4,366
2015 $36,702 $40,905 $3,764 $4,125
2014 $43,148 $40,218 $3,735 $3,931
2013 $42,669 $39,583 $3,678 $3,845
2012 $40,864 $37,671 $3,514 $3,590
2011 $43,930 $37,510 $3,319 $3,537
2010 $40,695 $35,908 $3,095 $3,473
2009 $41,728 $34,685 $2,907 $3,253
2008 $45,465 $35,053 $2,818 $3,118
2007 $41,486 $34,066 $2,892 $3,309
2006 $36,432 $32,424 $2,754 $3,110
2005 $34,696 $30,431 $2,659 $3,017
2004 $33,645 $28,921 $2,566 $2,880
2003 $29,480 $28,024 $2,539 $2,824
2002 $24,145 $28,350 $2,566 $2,825
2001 $22,332 $27,347 $2,394 $2,700
2000 $22,341 $26,007 $2,265 $2,490
1999 $24,576 $24,204 $2,258 $2,400
1998 $24,869 $23,263 $2,254 $2,422
1997 $24,169 $22,190 $2,231 $2,434
1996 $26,758 $21,268 $2,273 $2,583
1995 $26,792 $20,701 $2,491 $2,858
1994 $23,360 $19,892 $2,265 $2,617
1993 $22,239 $19,094 $2,112 $2,452
1992 $23,615 $18,801 $1,963 $2,293
1991 $21,501 $18,198 $1,811 $2,131
1990 $21,586 $17,475 $1,758 $2,102
1989 $17,547 - $1,670 -
1988 $17,550 - $1,670 -
1987 $16,176 - $1,543 -
1986 $13,430 - $1,425 -
1985 $9,657 - $1,162 -
1984 $9,312 - $1,245 -
1983 $9,862 - $1,199 -
1982 $10,360 - $1,046 -
1981 $10,956 - $969 -
1980 $12,565 - $868 -
1979 $11,063 - $859 -
1978 $9,167 - $771 -
1977 $7,459 - $724 -
1976 $6,792 - $672 -
1975 $6,617 - $638 -
1974 $5,261 - $602 -
1973 $4,907 - $472 -
1972 $3,809 - $416 -
1971 $3,137 - $390 -
1970 $2,833 - $373 -
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/marshall-islands | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $7,726 in the Marshall Islands, ranking 96/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while the Marshall Islands ranks 139th at $8,195.

Economic indicators

France Marshall Islands
Gross domestic product
$3.16T
2024
$290M
2024
GDP rank
7/197
2024
193/197
2024
GDP growth
1.19%
2023-2024
2.5%
2023-2024
GDP per capita
$46,103
2024
$7,726
2024
GDP per capita rank
27/197
2024
96/197
2024
GDP per capita, PPP
$62,557
2024
$8,195
2024
GDP per capita PPP rank
30/197
2024
139/197
2024
Government debt
$3.58T
2024
$38.4M
2024
Debt-to-GDP ratio
113.1%
2024
13.2%
2024
Government debt per person
$52,165
2024
$1,022
2024
Government debt per person rank
8/185
2024
142/185
2024
Average annual personal income after taxes
$35,669
2026
$5,044
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
27.5%
2019
Income share by poorest 10%
3%
2023
2.8%
2019
Government expenditure, % of GDP
57.2%
2024
71.6%
2024
Consumer prices inflation
2%
2023-2024
5.2%
2023-2024
Unemployment rate
7.44%
2024
9.82%
2021
Population
68788006
35058

Spending and national debt comparison by year

France
Spending

Debt
Marshall Islands
Spending

Debt
1x
Year % of GDP
France Marshall Islands
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 71.6% 13.2%
2023 56.8% 109.6% 68.4% 18.2%
2022 58.4% 111.4% 67.7% 19.8%
2021 59.5% 112.8% 69.8% 20.1%
2020 61.7% 114.9% 67.8% 21.7%
2019 55.3% 98.1% 65.5% 25.1%
2018 56.4% 98.5% 60.5% 24.7%
2017 57.7% 98.7% 63.7% 26.5%
2016 57.4% 98.1% 56.8% 29.2%
2015 57.6% 96.9% 56.3% 33.9%
2014 58.4% 96.1% 49.2% 34.9%
2013 58.6% 94.5% 55% 33.4%
2012 57.9% 91.7% 53.2% 37.6%
2011 57% 88.7% 55.9% 35.9%
2010 57.7% 86.3% 59.2% 38.8%
2009 58% 84.1% 63.1% 41.2%
2008 54.3% 69.8% 64.3% 44.1%
2007 53.6% 65.5% 67.2% 42.2%
2006 53.7% 65.4% 61.2% 44.4%
2005 54.3% 68.2% 85.3% 45.8%
2004 54% 66.9% 54.5% 46.8%
2003 54.4% 65.4% 52.9% 43.7%
2002 53.9% 61.3% 55.2% 37.2%
2001 52.8% 59.3% 58.8% 32.7%
2000 52.6% 59.7% 56.5% 27.3%
1999 53.7% 61.4% 48.7% 26.1%
1998 54% 62.1% 50.5% 18.1%
1997 55.6% 62% 55% 8.73%
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/marshall-islands | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while the Marshall Islands spent $208M, or 71.6% of GDP.

Debt-to-GDP ratio is 113.1% in France and 13.2% in the Marshall Islands, ranking 14/185 and 179/185, respectively.

Government deficit by year

Deficit/surplus
France

Marshall Islands
1x
Year Deficit/surplus, % of GDP
France Marshall Islands
2024 -5.77% 3.61%
2023 -5.44% 1.14%
2022 -4.74% 0.68%
2021 -6.58% 0.18%
2020 -8.93% 2.54%
2019 -2.39% -1.8%
2018 -2.32% 2.55%
2017 -3.36% 4.38%
2016 -3.76% 3.88%
2015 -3.89% 2.81%
2014 -4.57% 3.2%
2013 -4.94% -0.23%
2012 -5.17% -0.76%
2011 -5.3% 2.13%
2010 -7.16% 3.51%
2009 -7.38% 1.51%
2008 -3.5% 3.68%
2007 -2.99% 0.27%
2006 -2.66% 0.24%
2005 -3.5% -22.3%
2004 -3.55% -1.6%
2003 -4.09% 10.5%
2002 -3.18% 5.12%
2001 -1.42% 7.83%
2000 -1.32% 7.84%
1999 -1.55% 9.01%
1998 -2.39% 13.5%
1997 -3.71% 7.91%
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/marshall-islands | 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 Marshall Islands' surplus of $10.5M, or 3.61% of GDP.

Over the past 28 years, France recorded a fiscal deficit in 28 of those years, while the Marshall Islands ran a deficit in 5 years. On average, France posted an annual deficit equal to 4.13% of GDP, compared to surplus of 2.55% of GDP for the Marshall Islands.

Inflation comparison by year

Inflation
France

Marshall Islands
1x
Year Consumer prices inflation
France Marshall Islands
2024 2% 5.2%
2023 4.88% 7.4%
2022 5.22% 2.8%
2021 1.64% 2.2%
2020 0.48% -0.7%
2019 1.11% -0.1%
2018 1.85% 0.8%
2017 1.03% 0.1%
2016 0.18% -1.5%
2015 0.04% -2.2%
2014 0.51% 1.1%
2013 0.86% 1.9%
2012 1.95% 4.3%
2011 2.11% 5.4%
2010 1.53% 1.8%
2009 0.09% 0.5%
2008 2.81% 14.7%
2007 1.49% 2.6%
2006 1.68% 5.3%
2005 1.75% 3.5%
2004 2.14% 2%
2003 2.1% -
2002 1.92% -
2001 1.63% -
2000 1.68% -
1999 0.54% -
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 (2004–2024, retrieved 2026-02-20).

GeoRank.org/economy/france/marshall-islands | CC BY

Over the past 21 years, France has recorded an average annual inflation rate of 1.68%, compared with 2.72% in the Marshall Islands. In 2024, inflation was 2% in France and 5.2% in the Marshall Islands.

Top exports between countries

France
Export category Export value
Machinery & equipment $12.5M
Textiles & consumer goods $428K
Raw materials & minerals $312K
Chemicals & pharma $297K
Precious metals & jewellery $202K
Metals $188K
Animal & marine products $101K
Processed food, beverages & tobacco $15K
Wood & paper products $14K
Miscellaneous $4K
Marshall Islands
Export category Export value
Machinery & equipment $2.16M
Animal & marine products $72K
Textiles & consumer goods $50K
Metals $13K

Balance of trade

France Marshall Islands
Current account balance
$2.69B
2024
$76.3M
2021
Current account balance ranking
42/190
2024
70/190
2021
Current account balance, % of GDP
+0.09%
2024
+29.2%
2021
Goods imports
$733B
2024
$133M
2021
Goods exports
$668B
2024
$121M
2021
Service imports
$341B
2024
$73.1M
2021
Service exports
$403B
2024
$9.44M
2021
Imports of goods and services, % of GDP
34.2%
2024
81.7%
2024
Exports of goods and services, % of GDP
33.9%
2024
42.1%
2024

Economic freedom indices

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

France Marshall Islands
Economic freedom 64.6 58
Economic freedom ranking 72/197 113/197
Property rights 91.2 n/a
Government integrity 73.4 n/a
Judicial effectiveness 84.7 n/a
Tax burden 54.6 n/a
Government spending 0.9 n/a
Fiscal health 34.8 n/a
Business freedom 78.4 n/a
Labor freedom 59.1 n/a
Monetary freedom 73.2 n/a
Trade freedom 79.4 n/a
Investment freedom 75 n/a
Financial freedom 70 n/a

Other economic metrics

France Marshall Islands
Services, % of GDP
70.9%
2024
67%
2024
Industry, % of GDP
17.2%
2024
13.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
19.6%
2024
GNI, Atlas method
$3.1T
2024
$319M
2024
GNI per capita, PPP
$63,880
2024
$9,680
2024
Total reserves including gold
$283B
2024
n/a
Total reserves ranking
13/177
2024
n/a
Net foreign direct investment
-$10.3B
2024
-$499K
2021
Net inflows of foreign direct investment
$52.1B
2024
$1.7M
2024
Net outflows of foreign direct investment
$41.7B
2024
$0
2024
Poverty at national poverty lines
15.6%
2021
7.2%
2019
Gross capital formation, % of GDP
21.5%
2024
20.7%
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/marshall-islands | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2022–2024, retrieved 2026-02-08)
  6. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.