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Economy of France vs Tuvalu compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $62.3M for Tuvalu, ranking 7/197 and 196/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $4.15M (6.96% of GDP) in Tuvalu.

France vs Tuvalu GDP by year

France
Tuvalu
1x
Year GDP, current $
France Tuvalu
2024 $3,160,442,622,465 -
2023 $3,056,250,648,138 $62,280,312
2022 $2,794,788,137,067 $59,065,982
2021 $2,966,433,692,008 $60,196,406
2020 $2,647,926,055,110 $51,746,594
2019 $2,722,793,515,172 $54,123,199
2018 $2,781,576,320,884 $48,015,260
2017 $2,588,868,323,335 $45,276,595
2016 $2,470,407,619,777 $41,629,064
2015 $2,442,483,452,643 $36,811,936
2014 $2,861,236,112,552 $38,760,983
2013 $2,816,077,607,875 $38,615,891
2012 $2,683,007,095,787 $39,345,579
2011 $2,870,408,553,990 $39,196,957
2010 $2,646,230,027,988 $32,105,408
2009 $2,700,075,882,519 $28,076,984
2008 $2,926,802,941,586 $31,874,435
2007 $2,655,816,911,867 $28,450,169
2006 $2,317,861,544,691 $24,096,875
2005 $2,192,146,403,028 $22,909,980
2004 $2,109,792,297,237 $22,798,275
2003 $1,835,095,983,049 $19,456,338
2002 $1,492,427,756,382 $16,842,673
2001 $1,370,376,677,299 $13,964,732
2000 $1,360,959,069,477 $15,073,976
1999 $1,486,915,879,702 $14,800,503
1998 $1,496,906,382,032 $13,795,146
1997 $1,449,392,222,971 $13,734,210
1996 $1,598,889,216,566 $13,338,597
1995 $1,595,219,345,512 $11,922,614
1994 $1,385,822,778,828 $11,772,611
1993 $1,314,383,368,080 $10,414,400
1992 $1,389,663,073,110 $10,535,028
1991 $1,258,961,748,634 $10,127,314
1990 $1,257,649,439,827 $9,542,901
1989 $1,016,742,237,302 $8,454,523
1988 $1,010,827,662,152 $7,011,059
1987 $926,320,855,615 $5,020,513
1986 $764,946,585,851 $4,574,706
1985 $547,220,981,165 $3,862,852
1984 $525,033,325,828 $4,481,978
1983 $553,356,312,936 $4,152,550
1982 $578,152,310,610 $4,118,945
1981 $609,184,791,792 $4,773,018
1980 $694,529,183,483 $4,206,128
1979 $608,218,624,730 $4,065,659
1978 $501,724,418,605 $3,798,782
1977 $406,401,711,688 $3,669,420
1976 $368,363,152,144 $3,919,072
1975 $357,324,307,786 $4,014,748
1974 $282,739,225,314 $4,122,329
1973 $261,970,536,240 $3,411,915
1972 $201,738,881,664 $2,968,458
1971 $164,694,210,962 $2,716,990
1970 $147,312,861,698 $2,585,956
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/tuvalu | CC BY

GDP per capita in France vs Tuvalu by year

France
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 - -
2023 $44,700 $60,839 $6,345 $6,151
2022 $40,989 $57,043 $5,911 $5,661
2021 $43,725 $52,517 $5,905 $5,353
2020 $39,170 $49,482 $4,976 $5,122
2019 $40,408 $51,130 $5,115 $5,210
2018 $41,418 $46,381 $4,466 $4,432
2017 $38,687 $44,469 $4,166 $4,227
2016 $37,024 $42,880 $3,809 $4,031
2015 $36,702 $40,905 $3,358 $3,776
2014 $43,148 $40,218 $3,529 $3,419
2013 $42,669 $39,583 $3,510 $3,277
2012 $40,864 $37,671 $3,598 $3,170
2011 $43,930 $37,510 $3,636 $3,176
2010 $40,695 $35,908 $3,025 $2,945
2009 $41,728 $34,685 $2,684 $3,082
2008 $45,465 $35,053 $3,088 $3,291
2007 $41,486 $34,066 $2,794 $3,034
2006 $36,432 $32,424 $2,396 $2,787
2005 $34,696 $30,431 $2,305 $2,728
2004 $33,645 $28,921 $2,323 $2,765
2003 $29,480 $28,024 $2,007 $2,770
2002 $24,145 $28,350 $1,750 $2,915
2001 $22,332 $27,347 $1,457 $2,596
2000 $22,341 $26,007 $1,579 $2,597
1999 $24,576 $24,204 $1,559 $2,543
1998 $24,869 $23,263 $1,460 $2,560
1997 $24,169 $22,190 $1,461 $2,204
1996 $26,758 $21,268 $1,428 $1,982
1995 $26,792 $20,701 $1,285 $2,083
1994 $23,360 $19,892 $1,279 $2,165
1993 $22,239 $19,094 $1,141 $1,939
1992 $23,615 $18,801 $1,166 $1,837
1991 $21,501 $18,198 $1,134 $1,769
1990 $21,586 $17,475 $1,085 $1,676
1989 $17,547 - $976 -
1988 $17,550 - $823 -
1987 $16,176 - $600 -
1986 $13,430 - $557 -
1985 $9,657 - $480 -
1984 $9,312 - $567 -
1983 $9,862 - $533 -
1982 $10,360 - $537 -
1981 $10,956 - $634 -
1980 $12,565 - $571 -
1979 $11,063 - $566 -
1978 $9,167 - $546 -
1977 $7,459 - $549 -
1976 $6,792 - $612 -
1975 $6,617 - $656 -
1974 $5,261 - $708 -
1973 $4,907 - $601 -
1972 $3,809 - $522 -
1971 $3,137 - $478 -
1970 $2,833 - $457 -
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/tuvalu | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $6,345 in Tuvalu, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Tuvalu ranks 152nd at $6,151.

Economic indicators

France Tuvalu
Gross domestic product
$3.16T
2024
$62.3M
2023
GDP rank
7/197
2024
196/197
2023
GDP growth
1.19%
2023-2024
3.85%
2022-2023
GDP per capita
$46,103
2024
$6,345
2023
GDP per capita rank
27/197
2024
110/197
2023
GDP per capita, PPP
$62,557
2024
$6,151
2023
GDP per capita PPP rank
30/197
2024
152/197
2023
Government debt
$3.58T
2024
$4.15M
2023
Debt-to-GDP ratio
113.1%
2024
6.96%
2024
Government debt per person
$52,165
2024
$423
2023
Government debt per person rank
8/185
2024
171/185
2023
Average annual personal income after taxes
$35,669
2026
$4,233
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
30.8%
2010
Income share by poorest 10%
3%
2023
2.7%
2010
Government expenditure, % of GDP
57.2%
2024
118.4%
2024
Consumer prices inflation
2%
2023-2024
1.2%
2023-2024
Unemployment rate
7.44%
2024
7.32%
2022
Population
68788006
9341

Spending and national debt comparison by year

France
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
France Tuvalu
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 118.4% 6.96%
2023 56.8% 109.6% 138.8% 6.67%
2022 58.4% 111.4% 115.3% 6.33%
2021 59.5% 112.8% 113.8% 11.3%
2020 61.7% 114.9% 119.5% 12.1%
2019 55.3% 98.1% 113.6% 11.6%
2018 56.4% 98.5% 125.6% 11.8%
2017 57.7% 98.7% 106.4% 12%
2016 57.4% 98.1% 119.6% 11.5%
2015 57.6% 96.9% 116.9% 14.4%
2014 58.4% 96.1% 96.8% 16.4%
2013 58.6% 94.5% 80.2% 17.8%
2012 57.9% 91.7% 76.8% 19.3%
2011 57% 88.7% 77.2% 19.1%
2010 57.7% 86.3% 93.9% 21.1%
2009 58% 84.1% 100% 20.6%
2008 54.3% 69.8% 85.8% 19.8%
2007 53.6% 65.5% 88.6% 32.4%
2006 53.7% 65.4% 98.5% 37.5%
2005 54.3% 68.2% 82.1% 37.4%
2004 54% 66.9% 74.1% -
2003 54.4% 65.4% - -
2002 53.9% 61.3% - -
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/tuvalu | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Tuvalu spent $86.4M, or 118.4% of GDP.

Debt-to-GDP ratio is 113.1% in France and 6.96% in Tuvalu, ranking 14/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
France

Tuvalu
1x
Year Deficit/surplus, % of GDP
France Tuvalu
2024 -5.77% -8.23%
2023 -5.44% 15.3%
2022 -4.74% -14.6%
2021 -6.58% -13.3%
2020 -8.93% 13.7%
2019 -2.39% -1.07%
2018 -2.32% 30.3%
2017 -3.36% 2.09%
2016 -3.76% 27.5%
2015 -3.89% 14.7%
2014 -4.57% 3.26%
2013 -4.94% 26%
2012 -5.17% 9.58%
2011 -5.3% -8.8%
2010 -7.16% -23.4%
2009 -7.38% -13.5%
2008 -3.5% -17.2%
2007 -2.99% -18.6%
2006 -2.66% -36.8%
2005 -3.5% -12.8%
2004 -3.55% -3.6%
2003 -4.09% -
2002 -3.18% -
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/tuvalu | CC BY

In 2023, France's government deficit, the difference between spending and revenue, was $166B, equivalent to 5.44% of GDP. This compares to Tuvalu's surplus of $9.55M, or 15.3% of GDP.

Over the past 20 years, France recorded a fiscal deficit in 20 of those years, while Tuvalu ran a deficit in 11 years. On average, France posted an annual deficit equal to 4.61% of GDP, compared to deficit of 1.06% of GDP for Tuvalu.

Inflation comparison by year

Inflation
France

Tuvalu
1x
Year Consumer prices inflation
France Tuvalu
2024 2% 1.2%
2023 4.88% 7.2%
2022 5.22% 12.2%
2021 1.64% 6.7%
2020 0.48% 1.6%
2019 1.11% 3.5%
2018 1.85% 2.2%
2017 1.03% 4.1%
2016 0.18% 3.5%
2015 0.04% 3.1%
2014 0.51% 1.1%
2013 0.86% 2%
2012 1.95% 1.4%
2011 2.11% 0.5%
2010 1.53% -1.9%
2009 0.09% -0.3%
2008 2.81% 10.4%
2007 1.49% 2.3%
2006 1.68% 4.2%
2005 1.75% 3.2%
2004 2.14% 2.4%
2003 2.1% 2.9%
2002 1.92% 5.1%
2001 1.63% 1.5%
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 (2001–2024, retrieved 2026-02-20).

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

Over the past 24 years, France has recorded an average annual inflation rate of 1.71%, compared with 3.34% in Tuvalu. In 2024, inflation was 2% in France and 1.2% in Tuvalu.

Top exports between countries

France
Export category Export value
Machinery & equipment $155K
Tuvalu
Export category Export value

Balance of trade

France Tuvalu
Current account balance
$2.69B
2024
$2.71M
2022
Current account balance ranking
42/190
2024
77/190
2022
Current account balance, % of GDP
+0.09%
2024
+4.59%
2022
Goods imports
$733B
2024
$24.2M
2022
Goods exports
$668B
2024
$184K
2022
Service imports
$341B
2024
$33.1M
2022
Service exports
$403B
2024
$2.05M
2022
Imports of goods and services, % of GDP
34.2%
2024
n/a
Exports of goods and services, % of GDP
33.9%
2024
8.22%
2025

Economic freedom indices

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

France Tuvalu
Economic freedom 64.6 60
Economic freedom ranking 72/197 99/197
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 Tuvalu
Services, % of GDP
70.9%
2024
n/a
Industry, % of GDP
17.2%
2024
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
15.9%
2015
GNI, Atlas method
$3.1T
2024
$86M
2023
GNI per capita, PPP
$63,880
2024
$8,320
2023
Total reserves including gold
$283B
2024
n/a
Total reserves ranking
13/177
2024
n/a
Net foreign direct investment
-$10.3B
2024
$0
2022
Net inflows of foreign direct investment
$52.1B
2024
$258K
2024
Net outflows of foreign direct investment
$41.7B
2024
$0
2024
Poverty at national poverty lines
15.6%
2021
26.3%
2020
Gross capital formation, % of GDP
21.5%
2024
n/a

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/tuvalu | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)
  9. TradeMap (2022, retrieved 2026-02-08)

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.