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Economy of France vs Russia compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $2.17T for Russia, ranking 7/197 and 11/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $440B (20.3% of GDP) in Russia.

France vs Russia GDP by year

France
Russia
1x
Year GDP, current $
France Russia
2024 $3,160,442,622,465 $2,173,835,806,672
2023 $3,056,250,648,138 $2,071,505,725,031
2022 $2,794,788,137,067 $2,291,612,121,335
2021 $2,966,433,692,008 $1,829,186,719,575
2020 $2,647,926,055,110 $1,493,075,894,362
2019 $2,722,793,515,172 $1,693,115,002,708
2018 $2,781,576,320,884 $1,657,328,773,461
2017 $2,588,868,323,335 $1,574,199,360,089
2016 $2,470,407,619,777 $1,276,786,350,881
2015 $2,442,483,452,643 $1,363,482,182,198
2014 $2,861,236,112,552 $2,059,241,589,895
2013 $2,816,077,607,875 $2,292,470,078,346
2012 $2,683,007,095,787 $2,208,293,553,878
2011 $2,870,408,553,990 $2,045,922,753,398
2010 $2,646,230,027,988 $1,524,916,715,224
2009 $2,700,075,882,519 $1,222,645,900,056
2008 $2,926,802,941,586 $1,660,848,058,303
2007 $2,655,816,911,867 $1,299,703,478,482
2006 $2,317,861,544,691 $989,932,071,353
2005 $2,192,146,403,028 $764,015,973,481
2004 $2,109,792,297,237 $591,016,690,732
2003 $1,835,095,983,049 $430,347,420,185
2002 $1,492,427,756,382 $345,470,494,418
2001 $1,370,376,677,299 $306,602,070,621
2000 $1,360,959,069,477 $259,710,142,197
1999 $1,486,915,879,702 $195,907,128,351
1998 $1,496,906,382,032 $270,955,486,862
1997 $1,449,392,222,971 $404,928,954,192
1996 $1,598,889,216,566 $391,724,890,744
1995 $1,595,219,345,512 $395,537,185,735
1994 $1,385,822,778,828 $395,077,301,248
1993 $1,314,383,368,080 $435,083,713,851
1992 $1,389,663,073,110 $460,290,556,901
1991 $1,258,961,748,634 $517,962,962,963
1990 $1,257,649,439,827 $517,014,446,228
1989 $1,016,742,237,302 $506,631,299,735
1988 $1,010,827,662,152 $554,828,660,436
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/russia | CC BY

GDP per capita in France vs Russia by year

France
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $15,145 $47,405
2023 $44,700 $60,839 $14,403 $44,269
2022 $40,989 $57,043 $15,888 $40,939
2021 $43,725 $52,517 $12,637 $38,638
2020 $39,170 $49,482 $10,280 $31,491
2019 $40,408 $51,130 $11,640 $30,964
2018 $41,418 $46,381 $11,399 $28,629
2017 $38,687 $44,469 $10,835 $25,778
2016 $37,024 $42,880 $8,804 $24,012
2015 $36,702 $40,905 $9,427 $23,994
2014 $43,148 $40,218 $14,277 $25,688
2013 $42,669 $39,583 $15,941 $26,020
2012 $40,864 $37,671 $15,402 $24,274
2011 $43,930 $37,510 $14,305 $22,790
2010 $40,695 $35,908 $10,675 $20,490
2009 $41,728 $34,685 $8,563 $19,390
2008 $45,465 $35,053 $11,635 $20,164
2007 $41,486 $34,066 $9,101 $16,648
2006 $36,432 $32,424 $6,920 $14,912
2005 $34,696 $30,431 $5,323 $11,822
2004 $33,645 $28,921 $4,102 $10,227
2003 $29,480 $28,024 $2,975 $9,255
2002 $24,145 $28,350 $2,378 $8,037
2001 $22,332 $27,347 $2,100 $7,361
2000 $22,341 $26,007 $1,772 $6,825
1999 $24,576 $24,204 $1,331 $5,914
1998 $24,869 $23,263 $1,835 $5,465
1997 $24,169 $22,190 $2,738 $5,700
1996 $26,758 $21,268 $2,644 $5,518
1995 $26,792 $20,701 $2,666 $5,613
1994 $23,360 $19,892 $2,662 $5,734
1993 $22,239 $19,094 $2,931 $6,420
1992 $23,615 $18,801 $3,099 $6,862
1991 $21,501 $18,198 $3,490 $7,858
1990 $21,586 $17,475 $3,494 $8,028
1989 $17,547 - $3,430 -
1988 $17,550 - $3,778 -
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/russia | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Russia ranks 50th at $47,405.

Economic indicators

France Russia
Gross domestic product
$3.16T
2024
$2.17T
2024
GDP rank
7/197
2024
11/197
2024
GDP growth
1.19%
2023-2024
4.34%
2023-2024
GDP per capita
$46,103
2024
$15,145
2024
GDP per capita rank
27/197
2024
68/197
2024
GDP per capita, PPP
$62,557
2024
$47,405
2024
GDP per capita PPP rank
30/197
2024
50/197
2024
Government debt
$3.58T
2024
$440B
2024
Debt-to-GDP ratio
113.1%
2024
20.3%
2024
Government debt per person
$52,165
2024
$3,067
2024
Government debt per person rank
8/185
2024
98/185
2024
Average annual personal income after taxes
$35,669
2026
$10,464
2026
Market capitalization of domestic companies
$2.37T
2018
$650B
2023
Number of millionaires
2,897,000
2025
426,000
2025
Number of billionaires
52
2025
140
2025
Income share by richest 10%
25%
2023
25.1%
2023
Income share by poorest 10%
3%
2023
3.1%
2023
Government expenditure, % of GDP
57.2%
2024
36.9%
2024
Consumer prices inflation
2%
2023-2024
8.4%
2023-2024
Central bank interest rate n/a
16%
2025
Unemployment rate
7.44%
2024
2.43%
2024
Population
68788006
141906741

Spending and national debt comparison by year

France
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
France Russia
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 36.9% 20.3%
2023 56.8% 109.6% 35.7% 19.5%
2022 58.4% 111.4% 35.2% 18.5%
2021 59.5% 112.8% 34.9% 16.5%
2020 61.7% 114.9% 39.2% 19.2%
2019 55.3% 98.1% 33.8% 13.7%
2018 56.4% 98.5% 32.6% 13.6%
2017 57.7% 98.7% 34.8% 14.3%
2016 57.4% 98.1% 36.6% 14.8%
2015 57.6% 96.9% 35.3% 15.3%
2014 58.4% 96.1% 34.9% 15.1%
2013 58.6% 94.5% 34.7% 12.3%
2012 57.9% 91.7% 34% 11.2%
2011 57% 88.7% 33.3% 10.3%
2010 57.7% 86.3% 35.5% 10.1%
2009 58% 84.1% 38.6% 9.92%
2008 54.3% 69.8% 32% 7.45%
2007 53.6% 65.5% 31.9% 8.03%
2006 53.7% 65.4% 29% 9.8%
2005 54.3% 68.2% 29.5% 14.9%
2004 54% 66.9% 29.6% 20.8%
2003 54.4% 65.4% 32.6% 28.3%
2002 53.9% 61.3% 33.8% 37.6%
2001 52.8% 59.3% 31.5% 44.4%
2000 52.6% 59.7% 30.7% 55.9%
1999 53.7% 61.4% 34.3% 92.4%
1998 54% 62.1% 39.7% 135.2%
1997 55.6% 62% - 51.5%
1996 56% 60.6% - 51.9%
1995 56% 57.8% - 53.7%
1994 55.9% 51.6% - 63.5%
1993 56.5% 48.2% - 92.4%
1992 54% 41.7% - 116%
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 (1960–1996, retrieved 2026-02-20).

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

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 113.1% in France and 20.3% in Russia, ranking 14/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
France

Russia
1x
Year Deficit/surplus, % of GDP
France Russia
2024 -5.77% -1.6%
2023 -5.44% -2.22%
2022 -4.74% -1.34%
2021 -6.58% 0.78%
2020 -8.93% -3.99%
2019 -2.39% 1.93%
2018 -2.32% 2.92%
2017 -3.36% -1.47%
2016 -3.76% -3.67%
2015 -3.89% -3.39%
2014 -4.57% -1.07%
2013 -4.94% -1.16%
2012 -5.17% 0.38%
2011 -5.3% 1.43%
2010 -7.16% -3.19%
2009 -7.38% -5.89%
2008 -3.5% 4.55%
2007 -2.99% 5.59%
2006 -2.66% 7.8%
2005 -3.5% 7.6%
2004 -3.55% 4.57%
2003 -4.09% 1.35%
2002 -3.18% 0.67%
2001 -1.42% 2.99%
2000 -1.32% 3.11%
1999 -1.55% -3.59%
1998 -2.39% -7.42%
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 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 -6.89% 0.12%
1936 -4.76% 0.1%
1935 -4.22% 0.07%
1934 -4.31% 0.25%
1933 -4.96% 0.58%
1932 -1.86% 0.06%
1931 -2.06% -1.12%
1930 -1.65% -1.62%
1929 1.48% -0.4%
1928 1.13% -0.4%
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% 0.69%
1911 0.31% 1.26%
1910 -0.12% 1.52%
1909 -0.11% -0.15%
1908 -0.15% -0.83%
1907 0.23% -0.86%
1906 -0.04% -3.19%
1905 0.18% -7.72%
1904 0.3% -5.13%
1903 0.21% 1.04%
1902 -0.37% -1.57%
1901 -0.39% 0.14%
1900 0.21% -0.36%
1899 0.21% 0.66%
1898 0.29% 0.03%
1897 0.01% 0.34%
1896 -0.03% 1.3%
1895 -0.07% 0.7%
1894 -0.08% 1.43%
1893 -0.3% 0.63%
1892 -0.03% -1.16%
1891 0.36% -0.97%
1890 0.31% 0.01%
1889 0.09% 1.34%
1888 0.18% 0.88%
1887 -0.07% 0.14%
1886 -0.5% -0.84%
1885 -0.59% -0.75%
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/russia | 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 Russia's deficit of $34.9B, or 1.6% of GDP.

Over the past 27 years, France recorded a fiscal deficit in 27 of those years, while Russia ran a deficit in 13 years. On average, France posted an annual deficit equal to 4.14% of GDP, compared to surplus of 0.21% of GDP for Russia.

Inflation comparison by year

Inflation
France

Russia
1x
Year Consumer prices inflation
France Russia
2024 2% 8.4%
2023 4.88% 5.9%
2022 5.22% 13.7%
2021 1.64% 6.7%
2020 0.48% 3.4%
2019 1.11% 4.5%
2018 1.85% 2.9%
2017 1.03% 3.7%
2016 0.18% 7%
2015 0.04% 15.5%
2014 0.51% 7.8%
2013 0.86% 6.8%
2012 1.95% 5.1%
2011 2.11% 8.4%
2010 1.53% 6.8%
2009 0.09% 11.6%
2008 2.81% 14.1%
2007 1.49% 9%
2006 1.68% 9.7%
2005 1.75% 12.7%
2004 2.14% 10.9%
2003 2.1% 13.7%
2002 1.92% 15.8%
2001 1.63% 21.5%
2000 1.68% 20.8%
1999 0.54% 85.7%
1998 0.65% 27.7%
1997 1.2% 14.8%

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/russia | CC BY

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 13.4% in Russia. In 2024, inflation was 2% in France and 8.4% in Russia.

Top exports between countries

France
Export category Export value
Business & finance services $2.6B
Chemicals & pharma $1.32B
Machinery & equipment $639M
IT & IP services $323M
Raw agricultural goods $199M
Processed food, beverages & tobacco $145M
Raw materials & minerals $62.2M
Textiles & consumer goods $49.4M
Transport & tourism services $47.6M
Animal & marine products $32.9M
Russia
Export category Export value
Miscellaneous $4.8B
Raw materials & minerals $4.04B
Business & finance services $496M
Manufacturing & construction services $435M
Machinery & equipment $356M
Metals $336M
Transport & tourism services $234M
Wood & paper products $148M
IT & IP services $105M
Processed food, beverages & tobacco $67.6M

Balance of trade

France Russia
Current account balance
$2.69B
2024
$63.4B
2024
Current account balance ranking
42/190
2024
12/190
2024
Current account balance, % of GDP
+0.09%
2024
+2.91%
2024
Goods imports
$733B
2024
$302B
2024
Goods exports
$668B
2024
$434B
2024
Service imports
$341B
2024
$81.5B
2024
Service exports
$403B
2024
$43.1B
2024
Imports of goods and services, % of GDP
34.2%
2024
17.6%
2024
Exports of goods and services, % of GDP
33.9%
2024
21.9%
2024

Economic freedom indices

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

France Russia
Economic freedom 64.6 50.3
Economic freedom ranking 72/197 161/197
Property rights 91.2 18.6
Government integrity 73.4 22.8
Judicial effectiveness 84.7 22.8
Tax burden 54.6 81.9
Government spending 0.9 61.3
Fiscal health 34.8 94.4
Business freedom 78.4 51.4
Labor freedom 59.1 59.1
Monetary freedom 73.2 61.8
Trade freedom 79.4 69.4
Investment freedom 75 30
Financial freedom 70 30

Economic freedom comparison by year

France
Russia
1x
Year Economic freedom index
France Russia
2026 64.6 50.3
2025 64.4 51.6
2024 62.5 52
2023 63.6 53.8
2022 65.9 56.1
2021 65.7 61.5
2020 66 61
2019 63.8 58.9
2018 63.9 58.2
2017 63.3 57.1
2016 62.3 50.6
2015 62.5 52.1
2014 63.5 51.9
2013 64.1 51.1
2012 63.2 50.5
2011 64.6 50.5
2010 64.2 50.3
2009 63.3 50.8
2008 64.7 49.8
2007 62.1 52.2
2006 61.1 52.4
2005 60.5 51.3
2004 60.9 52.8
2003 59.2 50.8
2002 58 48.7
2001 58 49.8
2000 57.4 51.8
1999 59.1 54.5
1998 58.9 52.8
1997 59.1 48.6
1996 63.7 51.6
1995 64.4 51.1

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Russia
Services, % of GDP
70.9%
2024
57.5%
2024
Industry, % of GDP
17.2%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
2.74%
2024
GNI, Atlas method
$3.1T
2024
$2.24T
2024
GNI per capita, PPP
$63,880
2024
$46,780
2024
Total reserves including gold
$283B
2024
$597B
2023
Total reserves ranking
13/177
2024
6/177
2023
Net foreign direct investment
-$10.3B
2024
$9.37B
2024
Net inflows of foreign direct investment
$52.1B
2024
-$9.35B
2024
Net outflows of foreign direct investment
$41.7B
2024
-$170M
2024
Servicing debt to the IMF, % of GNI n/a
2.65%
2024
Poverty at national poverty lines
15.6%
2021
12.1%
2020
Gross capital formation, % of GDP
21.5%
2024
26.3%
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/russia | 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 (1880–1996, 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.

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.