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Economy of France vs Montenegro compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $8.27B for Montenegro, ranking 7/197 and 155/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $5.02B (60.8% of GDP) in Montenegro.

France vs Montenegro GDP by year

France
Montenegro
1x
Year GDP, current $
France Montenegro
2024 $3,160,442,622,465 $8,270,016,671
2023 $3,056,250,648,138 $7,644,389,160
2022 $2,794,788,137,067 $6,251,215,144
2021 $2,966,433,692,008 $5,823,715,810
2020 $2,647,926,055,110 $4,723,571,498
2019 $2,722,793,515,172 $5,483,476,883
2018 $2,781,576,320,884 $5,433,467,175
2017 $2,588,868,323,335 $4,803,962,016
2016 $2,470,407,619,777 $4,357,469,330
2015 $2,442,483,452,643 $4,010,885,991
2014 $2,861,236,112,552 $4,579,636,602
2013 $2,816,077,607,875 $4,422,097,763
2012 $2,683,007,095,787 $4,071,829,462
2011 $2,870,408,553,990 $4,507,126,949
2010 $2,646,230,027,988 $4,136,936,189
2009 $2,700,075,882,519 $4,142,640,317
2008 $2,926,802,941,586 $4,540,861,726
2007 $2,655,816,911,867 $3,677,910,895
2006 $2,317,861,544,691 $2,717,702,923
2005 $2,192,146,403,028 $2,257,174,481
2004 $2,109,792,297,237 $2,073,234,418
2003 $1,835,095,983,049 $1,707,710,053
2002 $1,492,427,756,382 $1,284,685,051
2001 $1,370,376,677,299 $1,159,869,246
2000 $1,360,959,069,477 $984,293,044
1999 $1,486,915,879,702 $828,950,327
1998 $1,496,906,382,032 $854,261,161
1997 $1,449,392,222,971 $838,288,806
1996 $1,598,889,216,566 -
1995 $1,595,219,345,512 -
1994 $1,385,822,778,828 -
1993 $1,314,383,368,080 -
1992 $1,389,663,073,110 -
1991 $1,258,961,748,634 -
1990 $1,257,649,439,827 -
1989 $1,016,742,237,302 -
1988 $1,010,827,662,152 -
1987 $926,320,855,615 -
1986 $764,946,585,851 -
1985 $547,220,981,165 -
1984 $525,033,325,828 -
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/montenegro | CC BY

GDP per capita in France vs Montenegro by year

France
GDP per capita

GDP per capita, PPP
Montenegro
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Montenegro
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $13,263 $34,063
2023 $44,700 $60,839 $12,260 $31,863
2022 $40,989 $57,043 $10,025 $28,050
2021 $43,725 $52,517 $9,317 $23,690
2020 $39,170 $49,482 $7,539 $20,625
2019 $40,408 $51,130 $8,749 $23,706
2018 $41,418 $46,381 $8,674 $21,084
2017 $38,687 $44,469 $7,674 $19,357
2016 $37,024 $42,880 $6,968 $18,030
2015 $36,702 $40,905 $6,421 $16,092
2014 $43,148 $40,218 $7,342 $15,276
2013 $42,669 $39,583 $7,103 $14,692
2012 $40,864 $37,671 $6,552 $13,793
2011 $43,930 $37,510 $7,266 $14,347
2010 $40,695 $35,908 $6,679 $13,612
2009 $41,728 $34,685 $6,700 $12,976
2008 $45,465 $35,053 $7,360 $13,802
2007 $41,486 $34,066 $5,972 $12,452
2006 $36,432 $32,424 $4,419 $10,440
2005 $34,696 $30,431 $3,675 $8,314
2004 $33,645 $28,921 $3,380 $7,841
2003 $29,480 $28,024 $2,789 $7,340
2002 $24,145 $28,350 $2,107 $7,100
2001 $22,332 $27,347 $1,910 $6,772
2000 $22,341 $26,007 $1,627 $6,004
1999 $24,576 $24,204 $1,368 $5,684
1998 $24,869 $23,263 $1,406 $6,170
1997 $24,169 $22,190 $1,375 $5,798
1996 $26,758 $21,268 - -
1995 $26,792 $20,701 - -
1994 $23,360 $19,892 - -
1993 $22,239 $19,094 - -
1992 $23,615 $18,801 - -
1991 $21,501 $18,198 - -
1990 $21,586 $17,475 - -
1989 $17,547 - - -
1988 $17,550 - - -
1987 $16,176 - - -
1986 $13,430 - - -
1985 $9,657 - - -
1984 $9,312 - - -
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/montenegro | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $13,263 in Montenegro, ranking 77/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Montenegro ranks 65th at $34,063.

Economic indicators

France Montenegro
Gross domestic product
$3.16T
2024
$8.27B
2024
GDP rank
7/197
2024
155/197
2024
GDP growth
1.19%
2023-2024
3.16%
2023-2024
GDP per capita
$46,103
2024
$13,263
2024
GDP per capita rank
27/197
2024
77/197
2024
GDP per capita, PPP
$62,557
2024
$34,063
2024
GDP per capita PPP rank
30/197
2024
65/197
2024
Government debt
$3.58T
2024
$5.02B
2024
Debt-to-GDP ratio
113.1%
2024
60.8%
2024
Government debt per person
$52,165
2024
$8,058
2024
Government debt per person rank
8/185
2024
64/185
2024
Average annual personal income after taxes
$35,669
2026
$11,119
2026
Market capitalization of domestic companies
$2.37T
2018
$3.79B
2012
Number of millionaires
2,897,000
2025
n/a
Number of billionaires
52
2025
n/a
Income share by richest 10%
25%
2023
24.7%
2021
Income share by poorest 10%
3%
2023
2.1%
2021
Government expenditure, % of GDP
57.2%
2024
43.5%
2024
Consumer prices inflation
2%
2023-2024
3.3%
2023-2024
Unemployment rate
7.44%
2024
13.1%
2023
Population
68788006
612312

Spending and national debt comparison by year

France
Spending

Debt
Montenegro
Spending

Debt
1x
Year % of GDP
France Montenegro
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 43.5% 60.8%
2023 56.8% 109.6% 39.7% 59.6%
2022 58.4% 111.4% 42.2% 70.3%
2021 59.5% 112.8% 45.1% 86.2%
2020 61.7% 114.9% 54.9% 108.4%
2019 55.3% 98.1% 44.4% 79.6%
2018 56.4% 98.5% 47.8% 72.9%
2017 57.7% 98.7% 47.6% 66.9%
2016 57.4% 98.1% 47.7% 66.7%
2015 57.6% 96.9% 46.9% 69.5%
2014 58.4% 96.1% 44.3% 63.6%
2013 58.6% 94.5% 46.3% 59.2%
2012 57.9% 91.7% 45.9% 57.1%
2011 57% 88.7% 45.7% 49%
2010 57.7% 86.3% 46.7% 45.1%
2009 58% 84.1% 51.5% 43.9%
2008 54.3% 69.8% 51.2% 34.2%
2007 53.6% 65.5% 43.9% 31.8%
2006 53.7% 65.4% 42.6% 36.7%
2005 54.3% 68.2% 38.2% 38.6%
2004 54% 66.9% 40% 45.4%
2003 54.4% 65.4% 43.3% 48.6%
2002 53.9% 61.3% 37.5% 85.7%
2001 52.8% 59.3% - -
2000 52.6% 59.7% - -
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/montenegro | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Montenegro spent $3.6B, or 43.5% of GDP.

Debt-to-GDP ratio is 113.1% in France and 60.8% in Montenegro, ranking 14/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
France

Montenegro
1x
Year Deficit/surplus, % of GDP
France Montenegro
2024 -5.77% -2.81%
2023 -5.44% 0.85%
2022 -4.74% -4.07%
2021 -6.58% -1.72%
2020 -8.93% -11%
2019 -2.39% -1.74%
2018 -2.32% -6.3%
2017 -3.36% -6.89%
2016 -3.76% -6.21%
2015 -3.89% -6.03%
2014 -4.57% -0.7%
2013 -4.94% -4.54%
2012 -5.17% -5.87%
2011 -5.3% -6.79%
2010 -7.16% -4.88%
2009 -7.38% -6.74%
2008 -3.5% -2.3%
2007 -2.99% 8.44%
2006 -2.66% 4.34%
2005 -3.5% -1.42%
2004 -3.55% -2.45%
2003 -4.09% -4.06%
2002 -3.18% -1.44%
2001 -1.42% -
2000 -1.32% -
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/montenegro | 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 Montenegro's deficit of $232M, or 2.81% of GDP.

Over the past 23 years, France recorded a fiscal deficit in 23 of those years, while Montenegro ran a deficit in 20 years. On average, France posted an annual deficit equal to 4.57% of GDP, compared to deficit of 3.23% of GDP for Montenegro.

Inflation comparison by year

Inflation
France

Montenegro
1x
Year Consumer prices inflation
France Montenegro
2024 2% 3.3%
2023 4.88% 8.6%
2022 5.22% 13%
2021 1.64% 2.4%
2020 0.48% -0.3%
2019 1.11% 0.4%
2018 1.85% 2.6%
2017 1.03% 2.4%
2016 0.18% -0.3%
2015 0.04% 1.5%
2014 0.51% -0.7%
2013 0.86% 2.2%
2012 1.95% 4.1%
2011 2.11% 3.5%
2010 1.53% 0.4%
2009 0.09% 3.6%
2008 2.81% 9%
2007 1.49% 3.4%
2006 1.68% 2.1%
2005 1.75% 3.4%
2004 2.14% 3.1%
2003 2.1% 7.5%
2002 1.92% 19.7%
2001 1.63% 23.7%
2000 1.68% 29.9%
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 (2000–2024, retrieved 2026-02-20).

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

Over the past 25 years, France has recorded an average annual inflation rate of 1.71%, compared with 5.94% in Montenegro. In 2024, inflation was 2% in France and 3.3% in Montenegro.

Top exports between countries

France
Export category Export value
Machinery & equipment $50M
Textiles & consumer goods $8.15M
Processed food, beverages & tobacco $6.9M
Raw agricultural goods $4.54M
Chemicals & pharma $3.02M
Raw materials & minerals $774K
Animal & marine products $555K
Metals $481K
Wood & paper products $307K
Miscellaneous $151K
Montenegro
Export category Export value
Transport & tourism services $20.1M
Business & finance services $3.55M
Textiles & consumer goods $2.79M
Manufacturing & construction services $1.18M
IT & IP services $1.18M
Government & miscellaneous services $1.18M
Machinery & equipment $831K
Chemicals & pharma $434K
Raw agricultural goods $295K
Processed food, beverages & tobacco $235K

Balance of trade

France Montenegro
Current account balance
$2.69B
2024
-$1.4B
2024
Current account balance ranking
42/190
2024
131/190
2024
Current account balance, % of GDP
+0.09%
2024
-17%
2024
Goods imports
$733B
2024
$4.29B
2024
Goods exports
$668B
2024
$714M
2024
Service imports
$341B
2024
$1.19B
2024
Service exports
$403B
2024
$2.92B
2024
Imports of goods and services, % of GDP
34.2%
2024
66.2%
2024
Exports of goods and services, % of GDP
33.9%
2024
43.7%
2024

Economic freedom indices

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

France Montenegro
Economic freedom 64.6 63.8
Economic freedom ranking 72/197 78/197
Property rights 91.2 60.9
Government integrity 73.4 49.9
Judicial effectiveness 84.7 51.5
Tax burden 54.6 88.7
Government spending 0.9 47.6
Fiscal health 34.8 86.2
Business freedom 78.4 68.4
Labor freedom 59.1 59.4
Monetary freedom 73.2 75.2
Trade freedom 79.4 78.4
Investment freedom 75 50
Financial freedom 70 50

Economic freedom comparison by year

France
Montenegro
1x
Year Economic freedom index
France Montenegro
2026 64.6 63.8
2025 64.4 63.8
2024 62.5 59.7
2023 63.6 60.9
2022 65.9 57.8
2021 65.7 63.4
2020 66 61.5
2019 63.8 60.5
2018 63.9 64.3
2017 63.3 62
2016 62.3 64.9
2015 62.5 64.7
2014 63.5 63.6
2013 64.1 62.6
2012 63.2 62.5
2011 64.6 62.5
2010 64.2 63.6
2009 63.3 58.2
2008 64.7 -
2007 62.1 -
2006 61.1 -
2005 60.5 -
2004 60.9 -
2003 59.2 43.5
2002 58 46.6
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/montenegro | CC BY

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 63.8 for Montenegro, ranking 78/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Montenegro
Services, % of GDP
70.9%
2024
63.8%
2024
Industry, % of GDP
17.2%
2024
12.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
3.49%
2024
GNI, Atlas method
$3.1T
2024
$7.61B
2024
GNI per capita, PPP
$63,880
2024
$33,970
2024
Total reserves including gold
$283B
2024
$1.74B
2024
Total reserves ranking
13/177
2024
130/177
2024
Net foreign direct investment
-$10.3B
2024
-$532M
2024
Net inflows of foreign direct investment
$52.1B
2024
$599M
2024
Net outflows of foreign direct investment
$41.7B
2024
$67.8M
2024
Servicing debt to the IMF, % of GNI n/a
15%
2024
Poverty at national poverty lines
15.6%
2021
20%
2023
Gross capital formation, % of GDP
21.5%
2024
25.9%
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/montenegro | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2021–2024, retrieved 2026-02-08)
  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.

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.