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Economy of France vs Ukraine compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $191B for Ukraine, ranking 7/197 and 57/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

France vs Ukraine GDP by year

France
Ukraine
1x
Year GDP, current $
France Ukraine
2024 $3,160,442,622,465 $190,741,262,415
2023 $3,056,250,648,138 $181,221,517,869
2022 $2,794,788,137,067 $161,989,520,721
2021 $2,966,433,692,008 $199,765,859,571
2020 $2,647,926,055,110 $156,617,722,013
2019 $2,722,793,515,172 $153,883,047,510
2018 $2,781,576,320,884 $130,891,088,294
2017 $2,588,868,323,335 $112,090,505,082
2016 $2,470,407,619,777 $93,355,869,404
2015 $2,442,483,452,643 $91,030,967,789
2014 $2,861,236,112,552 $133,503,871,862
2013 $2,816,077,607,875 $190,498,811,460
2012 $2,683,007,095,787 $182,591,753,828
2011 $2,870,408,553,990 $169,333,835,202
2010 $2,646,230,027,988 $141,209,170,427
2009 $2,700,075,882,519 $121,552,153,444
2008 $2,926,802,941,586 $188,110,390,660
2007 $2,655,816,911,867 $148,733,861,386
2006 $2,317,861,544,691 $111,884,752,475
2005 $2,192,146,403,028 $89,238,865,119
2004 $2,109,792,297,237 $67,220,154,164
2003 $1,835,095,983,049 $52,010,355,753
2002 $1,492,427,756,382 $43,956,163,612
2001 $1,370,376,677,299 $39,309,580,983
2000 $1,360,959,069,477 $32,375,083,935
1999 $1,486,915,879,702 $31,580,639,554
1998 $1,496,906,382,032 $41,882,523,345
1997 $1,449,392,222,971 $50,151,531,592
1996 $1,598,889,216,566 $44,558,831,005
1995 $1,595,219,345,512 $48,213,856,469
1994 $1,385,822,778,828 $52,549,580,265
1993 $1,314,383,368,080 $65,648,559,903
1992 $1,389,663,073,110 $73,945,908,384
1991 $1,258,961,748,634 $77,350,733,982
1990 $1,257,649,439,827 $81,393,558,423
1989 $1,016,742,237,302 $82,709,161,099
1988 $1,010,827,662,152 $74,703,517,903
1987 $926,320,855,615 $64,087,694,038
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/ukraine | CC BY

GDP per capita in France vs Ukraine by year

France
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $5,038 $18,550
2023 $44,700 $60,839 $4,803 $17,665
2022 $40,989 $57,043 $3,946 $14,770
2021 $43,725 $52,517 $4,510 $17,846
2020 $39,170 $49,482 $3,505 $15,541
2019 $40,408 $51,130 $3,423 $14,217
2018 $41,418 $46,381 $2,895 $12,555
2017 $38,687 $44,469 $2,467 $11,536
2016 $37,024 $42,880 $2,047 $10,865
2015 $36,702 $40,905 $1,988 $9,922
2014 $43,148 $40,218 $2,904 $10,494
2013 $42,669 $39,583 $4,130 $10,904
2012 $40,864 $37,671 $3,951 $9,552
2011 $43,930 $37,510 $3,657 $9,127
2010 $40,695 $35,908 $3,040 $8,453
2009 $41,728 $34,685 $2,607 $7,995
2008 $45,465 $35,053 $4,018 $9,324
2007 $41,486 $34,066 $3,160 $8,900
2006 $36,432 $32,424 $2,366 $7,971
2005 $34,696 $30,431 $1,875 $7,142
2004 $33,645 $28,921 $1,401 $6,663
2003 $29,480 $28,024 $1,076 $5,764
2002 $24,145 $28,350 $903 $5,123
2001 $22,332 $27,347 $800 $4,747
2000 $22,341 $26,007 $653 $4,228
1999 $24,576 $24,204 $632 $3,871
1998 $24,869 $23,263 $831 $3,794
1997 $24,169 $22,190 $987 $3,794
1996 $26,758 $21,268 $870 $3,812
1995 $26,792 $20,701 $933 $4,124
1994 $23,360 $19,892 $1,009 $4,565
1993 $22,239 $19,094 $1,254 $5,766
1992 $23,615 $18,801 $1,413 $6,568
1991 $21,501 $18,198 $1,483 $7,148
1990 $21,586 $17,475 $1,564 $7,591
1989 $17,547 - $1,593 -
1988 $17,550 - $1,444 -
1987 $16,176 - $1,244 -
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/ukraine | CC BY

France's GDP per capita is $46,103, ranking 27/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Ukraine ranks 101st at $18,550.

Economic indicators

France Ukraine
Gross domestic product
$3.16T
2024
$191B
2024
GDP rank
7/197
2024
57/197
2024
GDP growth
1.19%
2023-2024
2.91%
2023-2024
GDP per capita
$46,103
2024
$5,038
2024
GDP per capita rank
27/197
2024
120/197
2024
GDP per capita, PPP
$62,557
2024
$18,550
2024
GDP per capita PPP rank
30/197
2024
101/197
2024
Government debt
$3.58T
2024
$171B
2024
Debt-to-GDP ratio
113.1%
2024
89.7%
2024
Government debt per person
$52,165
2024
$4,520
2024
Government debt per person rank
8/185
2024
86/185
2024
Average annual personal income after taxes
$35,669
2026
$5,370
2026
Market capitalization of domestic companies
$2.37T
2018
$4.42B
2018
Number of millionaires
2,897,000
2025
n/a
Number of billionaires
52
2025
7
2025
Income share by richest 10%
25%
2023
21.7%
2020
Income share by poorest 10%
3%
2023
4.3%
2020
Government expenditure, % of GDP
57.2%
2024
71.3%
2024
Consumer prices inflation
2%
2023-2024
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
7.44%
2024
9.83%
2021
Population
68788006
40125599

Spending and national debt comparison by year

France
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
France Ukraine
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 71.3% 89.7%
2023 56.8% 109.6% 73.4% 81.2%
2022 58.4% 111.4% 65.4% 77.7%
2021 59.5% 112.8% 40.5% 48.9%
2020 61.7% 114.9% 45.6% 60.5%
2019 55.3% 98.1% 41.5% 50.5%
2018 56.4% 98.5% 41.9% 60.4%
2017 57.7% 98.7% 41.7% 71.6%
2016 57.4% 98.1% 40.8% 79.5%
2015 57.6% 96.9% 43% 79.3%
2014 58.4% 96.1% 44.8% 70.3%
2013 58.6% 94.5% 48.1% 40.5%
2012 57.9% 91.7% 49% 37.5%
2011 57% 88.7% 45.7% 36.9%
2010 57.7% 86.3% 49.2% 40.6%
2009 58% 84.1% 48.6% 35.4%
2008 54.3% 69.8% 47.1% 20.4%
2007 53.6% 65.5% 43.7% 12.3%
2006 53.7% 65.4% 44.6% 14.8%
2005 54.3% 68.2% 44.2% 17.7%
2004 54% 66.9% 41.6% 24.8%
2003 54.4% 65.4% 38.9% 29.4%
2002 53.9% 61.3% 37.9% 33.6%
2001 52.8% 59.3% 36.7% 36.7%
2000 52.6% 59.7% 35.5% 43.8%
1999 53.7% 61.4% 25.8% 59%
1998 54% 62.1% 37.1% 46.5%
1997 55.6% 62% 40.8% 28.9%
1996 56% 60.6% 36.9% 24.4%
1995 56% 57.8% 41.3% 30.2%
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 (1960–1996, retrieved 2026-02-20).

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

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 113.1% in France and 89.7% in Ukraine, ranking 14/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
France

Ukraine
1x
Year Deficit/surplus, % of GDP
France Ukraine
2024 -5.77% -17.2%
2023 -5.44% -19.3%
2022 -4.74% -15.6%
2021 -6.58% -3.97%
2020 -8.93% -5.92%
2019 -2.39% -2.08%
2018 -2.32% -2.12%
2017 -3.36% -2.36%
2016 -3.76% -2.46%
2015 -3.89% -1.16%
2014 -4.57% -4.46%
2013 -4.94% -4.78%
2012 -5.17% -4.31%
2011 -5.3% -2.76%
2010 -7.16% -5.77%
2009 -7.38% -6.27%
2008 -3.5% -3.14%
2007 -2.99% -1.97%
2006 -2.66% -1.36%
2005 -3.5% -2.28%
2004 -3.55% -4.41%
2003 -4.09% -0.89%
2002 -3.18% -1.84%
2001 -1.42% -3.03%
2000 -1.32% -3.19%
1999 -1.55% 4.95%
1998 -2.39% -2.69%
1997 -3.71% -5.37%
1996 -3.89% -3.09%
1995 -5.11% -4.72%
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/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, France recorded a fiscal deficit in 30 of those years, while Ukraine ran a deficit in 29 years. On average, France posted an annual deficit equal to 4.15% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
France

Ukraine
1x
Year Consumer prices inflation
France Ukraine
2024 2% 6.5%
2023 4.88% 12.9%
2022 5.22% 20.2%
2021 1.64% 9.4%
2020 0.48% 2.7%
2019 1.11% 7.9%
2018 1.85% 10.9%
2017 1.03% 14.4%
2016 0.18% 13.9%
2015 0.04% 48.7%
2014 0.51% 12.1%
2013 0.86% -0.3%
2012 1.95% 0.6%
2011 2.11% 8%
2010 1.53% 9.4%
2009 0.09% 15.9%
2008 2.81% 25.2%
2007 1.49% 12.8%
2006 1.68% 9.1%
2005 1.75% 13.5%
2004 2.14% 9%
2003 2.1% 5.2%
2002 1.92% 0.8%
2001 1.63% 12%
2000 1.68% 28.2%
1999 0.54% 22.7%
1998 0.65% 10.6%
1997 1.2% 15.9%

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/ukraine | CC BY

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 12.8% in Ukraine. In 2024, inflation was 2% in France and 6.5% in Ukraine.

Top exports between countries

France
Export category Export value
Machinery & equipment $453M
Chemicals & pharma $449M
Processed food, beverages & tobacco $121M
Raw agricultural goods $71.7M
Textiles & consumer goods $48.2M
Raw materials & minerals $25.4M
Animal & marine products $21.7M
Wood & paper products $15M
Metals $12M
Miscellaneous $7.61M
Ukraine
Export category Export value
Processed food, beverages & tobacco $297M
Raw agricultural goods $212M
Wood & paper products $61.5M
Textiles & consumer goods $43.9M
Metals $43M
Machinery & equipment $41.9M
Animal & marine products $19.8M
Chemicals & pharma $8.32M
Raw materials & minerals $3.44M
Miscellaneous $971K

Balance of trade

France Ukraine
Current account balance
$2.69B
2024
-$15.1B
2024
Current account balance ranking
42/190
2024
179/190
2024
Current account balance, % of GDP
+0.09%
2024
-7.94%
2024
Goods imports
$733B
2024
$72.3B
2024
Goods exports
$668B
2024
$39.3B
2024
Service imports
$341B
2024
$22.9B
2024
Service exports
$403B
2024
$17.3B
2024
Imports of goods and services, % of GDP
34.2%
2024
48.3%
2024
Exports of goods and services, % of GDP
33.9%
2024
29.4%
2024

Economic freedom indices

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

France Ukraine
Economic freedom 64.6 54.1
Economic freedom ranking 72/197 135/197
Property rights 91.2 21.6
Government integrity 73.4 35
Judicial effectiveness 84.7 28.2
Tax burden 54.6 83.7
Government spending 0.9 0
Fiscal health 34.8 3.9
Business freedom 78.4 57.4
Labor freedom 59.1 46.9
Monetary freedom 73.2 65.7
Trade freedom 79.4 73
Investment freedom 75 35
Financial freedom 70 30

Economic freedom comparison by year

France
Ukraine
1x
Year Economic freedom index
France Ukraine
2026 64.6 -
2025 64.4 -
2024 62.5 -
2023 63.6 -
2022 65.9 54.1
2021 65.7 56.2
2020 66 54.9
2019 63.8 52.3
2018 63.9 51.9
2017 63.3 48.1
2016 62.3 46.8
2015 62.5 46.9
2014 63.5 49.3
2013 64.1 46.3
2012 63.2 46.1
2011 64.6 45.8
2010 64.2 46.4
2009 63.3 48.8
2008 64.7 51
2007 62.1 51.5
2006 61.1 54.4
2005 60.5 55.8
2004 60.9 53.7
2003 59.2 51.1
2002 58 48.2
2001 58 48.5
2000 57.4 47.8
1999 59.1 43.7
1998 58.9 40.4
1997 59.1 43.5
1996 63.7 40.6
1995 64.4 39.9

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Ukraine
Services, % of GDP
70.9%
2024
60.6%
2024
Industry, % of GDP
17.2%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
7.11%
2024
GNI, Atlas method
$3.1T
2024
$184B
2024
GNI per capita, PPP
$63,880
2024
$18,560
2024
Total reserves including gold
$283B
2024
$43.8B
2024
Total reserves ranking
13/177
2024
46/177
2024
Net foreign direct investment
-$10.3B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$52.1B
2024
$4.02B
2024
Net outflows of foreign direct investment
$41.7B
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.42%
2024
Poverty at national poverty lines
15.6%
2021
23.2%
2020
Gross capital formation, % of GDP
21.5%
2024
18.6%
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/ukraine | 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 (1880–1996, 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 (2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.