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Economy of France vs Romania compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $383B for Romania, ranking 7/197 and 42/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $220B (57.4% of GDP) in Romania.

France vs Romania GDP by year

France
Romania
1x
Year GDP, current $
France Romania
2024 $3,160,442,622,465 $382,564,217,989
2023 $3,056,250,648,138 $347,757,995,759
2022 $2,794,788,137,067 $295,319,437,557
2021 $2,966,433,692,008 $285,071,280,114
2020 $2,647,926,055,110 $250,625,048,304
2019 $2,722,793,515,172 $250,080,428,512
2018 $2,781,576,320,884 $241,791,427,224
2017 $2,588,868,323,335 $210,147,385,855
2016 $2,470,407,619,777 $185,290,759,249
2015 $2,442,483,452,643 $177,885,131,240
2014 $2,861,236,112,552 $199,722,319,676
2013 $2,816,077,607,875 $189,798,603,751
2012 $2,683,007,095,787 $179,117,323,107
2011 $2,870,408,553,990 $192,623,977,894
2010 $2,646,230,027,988 $170,064,350,672
2009 $2,700,075,882,519 $174,110,532,659
2008 $2,926,802,941,586 $214,315,932,061
2007 $2,655,816,911,867 $174,588,782,939
2006 $2,317,861,544,691 $122,023,735,993
2005 $2,192,146,403,028 $98,454,380,120
2004 $2,109,792,297,237 $74,973,656,852
2003 $1,835,095,983,049 $57,806,384,143
2002 $1,492,427,756,382 $46,065,502,703
2001 $1,370,376,677,299 $40,395,116,581
2000 $1,360,959,069,477 $37,253,739,511
1999 $1,486,915,879,702 $35,953,156,754
1998 $1,496,906,382,032 $41,696,091,974
1997 $1,449,392,222,971 $35,575,214,078
1996 $1,598,889,216,566 $36,937,074,278
1995 $1,595,219,345,512 $37,430,162,103
1994 $1,385,822,778,828 $30,072,805,104
1993 $1,314,383,368,080 $26,361,160,450
1992 $1,389,663,073,110 $25,121,666,667
1991 $1,258,961,748,634 $28,850,634,900
1990 $1,257,649,439,827 $38,247,882,300
1989 $1,016,742,237,302 $41,450,777,202
1988 $1,010,827,662,152 $40,424,528,302
1987 $926,320,855,615 $38,067,567,568
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/romania | CC BY

GDP per capita in France vs Romania by year

France
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $20,080 $49,077
2023 $44,700 $60,839 $18,244 $45,982
2022 $40,989 $57,043 $15,504 $41,979
2021 $43,725 $52,517 $14,908 $37,534
2020 $39,170 $49,482 $13,009 $34,194
2019 $40,408 $51,130 $12,910 $33,425
2018 $41,418 $46,381 $12,416 $29,383
2017 $38,687 $44,469 $10,728 $26,943
2016 $37,024 $42,880 $9,405 $23,905
2015 $36,702 $40,905 $8,977 $21,625
2014 $43,148 $40,218 $10,032 $20,633
2013 $42,669 $39,583 $9,498 $19,678
2012 $40,864 $37,671 $8,930 $19,808
2011 $43,930 $37,510 $9,561 $18,804
2010 $40,695 $35,908 $8,400 $17,355
2009 $41,728 $34,685 $8,548 $16,641
2008 $45,465 $35,053 $10,435 $16,782
2007 $41,486 $34,066 $8,360 $13,703
2006 $36,432 $32,424 $5,758 $11,554
2005 $34,696 $30,431 $4,618 $9,602
2004 $33,645 $28,921 $3,495 $8,989
2003 $29,480 $28,024 $2,679 $7,559
2002 $24,145 $28,350 $2,120 $7,162
2001 $22,332 $27,347 $1,825 $6,520
2000 $22,341 $26,007 $1,660 $5,850
1999 $24,576 $24,204 $1,600 $5,596
1998 $24,869 $23,263 $1,853 $5,545
1997 $24,169 $22,190 $1,577 $5,564
1996 $26,758 $21,268 $1,633 $5,746
1995 $26,792 $20,701 $1,650 $5,429
1994 $23,360 $19,892 $1,323 $4,995
1993 $22,239 $19,094 $1,158 $4,699
1992 $23,615 $18,801 $1,102 $4,515
1991 $21,501 $18,198 $1,254 $4,795
1990 $21,586 $17,475 $1,648 $5,280
1989 $17,547 - $1,790 -
1988 $17,550 - $1,753 -
1987 $16,176 - $1,659 -
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/romania | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Romania ranks 47th at $49,077.

Economic indicators

France Romania
Gross domestic product
$3.16T
2024
$383B
2024
GDP rank
7/197
2024
42/197
2024
GDP growth
1.19%
2023-2024
0.92%
2023-2024
GDP per capita
$46,103
2024
$20,080
2024
GDP per capita rank
27/197
2024
58/197
2024
GDP per capita, PPP
$62,557
2024
$49,077
2024
GDP per capita PPP rank
30/197
2024
47/197
2024
Government debt
$3.58T
2024
$220B
2024
Debt-to-GDP ratio
113.1%
2024
57.4%
2024
Government debt per person
$52,165
2024
$11,533
2024
Government debt per person rank
8/185
2024
48/185
2024
Average annual personal income after taxes
$35,669
2026
$13,912
2026
Market capitalization of domestic companies
$2.37T
2018
$47.4B
2024
Number of millionaires
2,897,000
2025
n/a
Number of billionaires
52
2025
6
2025
Income share by richest 10%
25%
2023
21.8%
2023
Income share by poorest 10%
3%
2023
2.4%
2023
Government expenditure, % of GDP
57.2%
2024
39.9%
2024
Consumer prices inflation
2%
2023-2024
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
7.44%
2024
5.43%
2024
Population
68788006
18839108

Spending and national debt comparison by year

France
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
France Romania
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 39.9% 57.4%
2023 56.8% 109.6% 36.6% 52.1%
2022 58.4% 111.4% 37.4% 51.7%
2021 59.5% 112.8% 37% 51.5%
2020 61.7% 114.9% 38.1% 49.3%
2019 55.3% 98.1% 33.2% 36.5%
2018 56.4% 98.5% 31.7% 36.2%
2017 57.7% 98.7% 31% 37.1%
2016 57.4% 98.1% 31.8% 39.5%
2015 57.6% 96.9% 34.2% 39.4%
2014 58.4% 96.1% 33.8% 40.5%
2013 58.6% 94.5% 34.2% 39.3%
2012 57.9% 91.7% 33.5% 36.2%
2011 57% 88.7% 35% 32.6%
2010 57.7% 86.3% 37.4% 30.2%
2009 58% 84.1% 36.3% 22.5%
2008 54.3% 69.8% 35.3% 13%
2007 53.6% 65.5% 34.6% 12.4%
2006 53.7% 65.4% 33.9% 12.7%
2005 54.3% 68.2% 32.3% 17.8%
2004 54% 66.9% 33.7% 21.3%
2003 54.4% 65.4% 31.8% 24.9%
2002 53.9% 61.3% 32.1% 27.4%
2001 52.8% 59.3% 33.2% 27.4%
2000 52.6% 59.7% 35% 29.6%
1999 53.7% 61.4% 35.1% 21.7%
1998 54% 62.1% 34.7% 16.5%
1997 55.6% 62% 33.5% 15%
1996 56% 60.6% 33.5% 11%
1995 56% 57.8% 34.4% 6.91%
1994 55.9% 51.6% 33.1% -
1993 56.5% 48.2% 33.5% -
1992 54% 41.7% 41.5% -
1991 52.7% 37.8% 38.3% -
1990 51.6% 36.8% 38.4% -
1989 48.9% 34% 40.1% -
1988 50.1% 33.3% 36.6% -
1987 50.7% 33.4% 40.7% -
1986 51.3% 31.1% 42.5% -
1985 51.9% 30.6% 41.6% -
1984 51.2% 29% 28.6% -
1983 50.2% 26.6% 25.8% -
1982 49.9% 25.3% 28.5% -
1981 48.5% 22% 30.4% -
1980 46% 20.7% 33.6% -
1979 44.9% 21.1% 42% -
1978 44.7% 21.2% 42.1% -
1977 21.4% 15% 39.9% -
1976 21.7% 15.1% 37.5% -
1975 22% 16.1% 40.6% -
1974 19.9% 15.4% 37.6% -
1973 19.7% 15.8% 32.6% -
1972 19.8% 17.7% 29.9% -
1971 20% 20.1% 27.2% -
1970 20.5% 21% 28.1% -
1969 21.5% 14.4% 32.1% -
1968 22.7% 15.8% 31.8% -
1967 21.4% 16.1% 30.6% -
1966 21.4% 15.3% 27.3% -
1965 21.1% 17.6% 25.6% -
1964 21% 19.6% 25.1% -
1963 22.6% 22.2% 23.1% -
1962 21.7% 23.6% 43.4% -
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 (1960–1999, retrieved 2026-02-20).

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

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 113.1% in France and 57.4% in Romania, ranking 14/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
France

Romania
1x
Year Deficit/surplus, % of GDP
France Romania
2024 -5.77% -8.68%
2023 -5.44% -5.61%
2022 -4.74% -5.83%
2021 -6.58% -6.7%
2020 -8.93% -9.54%
2019 -2.39% -4.55%
2018 -2.32% -2.74%
2017 -3.36% -2.86%
2016 -3.76% -2.5%
2015 -3.89% -1.35%
2014 -4.57% -1.76%
2013 -4.94% -2.44%
2012 -5.17% -2.39%
2011 -5.3% -4.14%
2010 -7.16% -6.22%
2009 -7.38% -6.86%
2008 -3.5% -4.6%
2007 -2.99% -3.05%
2006 -2.66% -1.36%
2005 -3.5% -0.69%
2004 -3.55% -3.39%
2003 -4.09% -2.29%
2002 -3.18% -2.59%
2001 -1.42% -3.2%
2000 -1.32% -3.99%
1999 -1.55% -3.58%
1998 -2.39% -5.33%
1997 -3.71% -5.19%
1996 -3.89% -4.74%
1995 -5.11% -3.32%
1994 -5.46% -2.2%
1993 -6.4% -0.35%
1992 -4.64% -4.55%
1991 -2.89% 3.23%
1990 -2.45% 1.03%
1989 -1.9% -2.87%
1988 -2.7% 8.4%
1987 -2.13% 2.37%
1986 -3.3% 5.72%
1985 -3.08% 6.36%
1984 -2.8% 15.2%
1983 -2.58% 9.35%
1982 -2.91% 0.36%
1981 -2.39% 0.61%
1980 -0.27% -1.95%
1979 -0.36% 0%
1978 -1.73% 0%
1977 0.9% 0.23%
1976 1.01% 0.66%
1975 -0.28% 0.41%
1974 3.05% 0.51%
1973 1.97% 1.53%
1972 1.94% 1.21%
1971 -0.13% 0.89%
1970 0.02% 0.52%
1969 -0.49% 0.93%
1968 -2.54% 1.65%
1967 -0.8% 1.23%
1966 -0.57% 0.91%
1965 -0.07% -1.29%
1964 -0.25% -3.11%
1963 -2.24% -1.61%
1962 -1.53% -4.86%
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/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 38 years, France recorded a fiscal deficit in 38 of those years, while Romania ran a deficit in 34 years. On average, France posted an annual deficit equal to 4.03% of GDP, compared to deficit of 3.06% of GDP for Romania.

Inflation comparison by year

Inflation
France

Romania
1x
Year Consumer prices inflation
France Romania
2024 2% 5.6%
2023 4.88% 10.4%
2022 5.22% 13.8%
2021 1.64% 5%
2020 0.48% 2.6%
2019 1.11% 3.8%
2018 1.85% 4.6%
2017 1.03% 1.3%
2016 0.18% -1.6%
2015 0.04% -0.6%
2014 0.51% 1.1%
2013 0.86% 4%
2012 1.95% 3.3%
2011 2.11% 5.8%
2010 1.53% 6.1%
2009 0.09% 5.6%
2008 2.81% 7.8%
2007 1.49% 4.8%
2006 1.68% 6.6%
2005 1.75% 9%
2004 2.14% 11.9%
2003 2.1% 15.4%
2002 1.92% 22.5%
2001 1.63% 34.5%
2000 1.68% 45.7%
1999 0.54% 45.8%
1998 0.65% 59.1%
1997 1.2% 154.8%

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

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

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 17.5% in Romania. In 2024, inflation was 2% in France and 5.6% in Romania.

Top exports between countries

France
Export category Export value
Machinery & equipment $2.55B
Chemicals & pharma $1.3B
Metals $508M
Transport & tourism services $488M
Textiles & consumer goods $479M
Business & finance services $455M
IT & IP services $300M
Processed food, beverages & tobacco $254M
Manufacturing & construction services $217M
Raw agricultural goods $207M
Romania
Export category Export value
Machinery & equipment $3.81B
Business & finance services $965M
Textiles & consumer goods $837M
Transport & tourism services $751M
IT & IP services $590M
Raw materials & minerals $535M
Manufacturing & construction services $513M
Metals $321M
Chemicals & pharma $238M
Raw agricultural goods $186M

Balance of trade

France Romania
Current account balance
$2.69B
2024
-$31.2B
2024
Current account balance ranking
42/190
2024
185/190
2024
Current account balance, % of GDP
+0.09%
2024
-8.16%
2024
Goods imports
$733B
2024
$129B
2024
Goods exports
$668B
2024
$93.3B
2024
Service imports
$341B
2024
$30.2B
2024
Service exports
$403B
2024
$42.9B
2024
Imports of goods and services, % of GDP
34.2%
2024
41.6%
2024
Exports of goods and services, % of GDP
33.9%
2024
35.6%
2024

Economic freedom indices

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

France Romania
Economic freedom 64.6 65.4
Economic freedom ranking 72/197 64/197
Property rights 91.2 81
Government integrity 73.4 50
Judicial effectiveness 84.7 67
Tax burden 54.6 89.1
Government spending 0.9 56.7
Fiscal health 34.8 21.4
Business freedom 78.4 74.4
Labor freedom 59.1 63.6
Monetary freedom 73.2 72.7
Trade freedom 79.4 79.4
Investment freedom 75 70
Financial freedom 70 60

Economic freedom comparison by year

France
Romania
1x
Year Economic freedom index
France Romania
2026 64.6 65.4
2025 64.4 66.5
2024 62.5 64.4
2023 63.6 64.5
2022 65.9 67.1
2021 65.7 69.5
2020 66 69.7
2019 63.8 68.6
2018 63.9 69.4
2017 63.3 69.7
2016 62.3 65.6
2015 62.5 66.6
2014 63.5 65.5
2013 64.1 65.1
2012 63.2 64.4
2011 64.6 64.7
2010 64.2 64.2
2009 63.3 63.2
2008 64.7 61.7
2007 62.1 61.2
2006 61.1 58.2
2005 60.5 52.1
2004 60.9 50
2003 59.2 50.6
2002 58 48.7
2001 58 50
2000 57.4 52.1
1999 59.1 50.1
1998 58.9 54.4
1997 59.1 50.8
1996 63.7 46.2
1995 64.4 42.9

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Romania
Services, % of GDP
70.9%
2024
62.6%
2024
Industry, % of GDP
17.2%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
2.81%
2024
GNI, Atlas method
$3.1T
2024
$335B
2024
GNI per capita, PPP
$63,880
2024
$47,920
2024
Total reserves including gold
$283B
2024
$73.4B
2024
Total reserves ranking
13/177
2024
35/177
2024
Net foreign direct investment
-$10.3B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$52.1B
2024
$7.16B
2024
Net outflows of foreign direct investment
$41.7B
2024
$1.99B
2024
Poverty at national poverty lines
15.6%
2021
19%
2023
Gross capital formation, % of GDP
21.5%
2024
25%
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/romania | 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 (1880–1999, 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)
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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.