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Economy of France vs Zambia compared: GDP & Debt

Updated on by Georank team

France has a GDP of $3.16T compared to $25.3B for Zambia, ranking 7/197 and 116/197 by economy size, respectively.

France has $3.58T in government debt (113.1% of GDP), compared to $29.1B (114.9% of GDP) in Zambia.

France vs Zambia GDP by year

France
Zambia
1x
Year GDP, current $
France Zambia
2024 $3,160,442,622,465 $25,303,185,342
2023 $3,056,250,648,138 $27,577,956,471
2022 $2,794,788,137,067 $29,163,782,140
2021 $2,966,433,692,008 $22,096,416,932
2020 $2,647,926,055,110 $18,137,764,931
2019 $2,722,793,515,172 $23,308,667,781
2018 $2,781,576,320,884 $26,311,507,274
2017 $2,588,868,323,335 $25,873,601,261
2016 $2,470,407,619,777 $20,958,412,538
2015 $2,442,483,452,643 $21,251,216,799
2014 $2,861,236,112,552 $27,141,023,558
2013 $2,816,077,607,875 $28,037,239,463
2012 $2,683,007,095,787 $25,503,060,420
2011 $2,870,408,553,990 $23,459,515,276
2010 $2,646,230,027,988 $20,265,559,484
2009 $2,700,075,882,519 $15,328,342,304
2008 $2,926,802,941,586 $17,910,858,638
2007 $2,655,816,911,867 $14,056,957,976
2006 $2,317,861,544,691 $12,756,858,899
2005 $2,192,146,403,028 $8,331,870,169
2004 $2,109,792,297,237 $6,221,110,219
2003 $1,835,095,983,049 $4,901,869,764
2002 $1,492,427,756,382 $4,193,850,445
2001 $1,370,376,677,299 $4,094,441,301
2000 $1,360,959,069,477 $3,600,632,111
1999 $1,486,915,879,702 $3,404,284,891
1998 $1,496,906,382,032 $3,537,741,942
1997 $1,449,392,222,971 $4,303,288,480
1996 $1,598,889,216,566 $3,597,220,962
1995 $1,595,219,345,512 $3,806,983,413
1994 $1,385,822,778,828 $3,656,806,166
1993 $1,314,383,368,080 $3,273,505,344
1992 $1,389,663,073,110 $3,182,810,841
1991 $1,258,961,748,634 $3,376,806,697
1990 $1,257,649,439,827 $3,288,381,797
1989 $1,016,742,237,302 $3,994,673,161
1988 $1,010,827,662,152 $3,728,878,149
1987 $926,320,855,615 $2,265,250,972
1986 $764,946,585,851 $1,664,413,508
1985 $547,220,981,165 $2,252,454,500
1984 $525,033,325,828 $2,719,518,933
1983 $553,356,312,936 $3,321,048,451
1982 $578,152,310,610 $3,871,117,093
1981 $609,184,791,792 $4,008,126,497
1980 $694,529,183,483 $3,884,530,854
1979 $608,218,624,730 $3,353,445,378
1978 $501,724,418,605 $2,811,032,473
1977 $406,401,711,688 $2,515,296,940
1976 $368,363,152,144 $2,742,859,263
1975 $357,324,307,786 $2,442,672,141
1974 $282,739,225,314 $2,910,981,262
1973 $261,970,536,240 $2,434,255,237
1972 $201,738,881,664 $1,872,416,680
1971 $164,694,210,962 $1,653,259,341
1970 $147,312,861,698 $1,788,779,285
1969 $140,660,914,841 $1,926,399,230
1968 $128,710,572,572 $1,573,739,371
1967 $118,088,635,381 $1,340,639,464
1966 $109,306,730,313 $1,238,999,505
1965 $100,927,668,584 $1,061,199,576
1964 $93,424,179,943 $822,639,671
1963 $84,227,606,650 $704,339,719
1962 $75,196,980,365 $679,279,729
1961 $67,158,050,215 $682,359,727
1960 $61,959,085,885 $698,739,721

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in France vs Zambia by year

France
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
France Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $46,103 $62,557 $1,187 $4,215
2023 $44,700 $60,839 $1,331 $4,077
2022 $40,989 $57,043 $1,447 $3,841
2021 $43,725 $52,517 $1,127 $3,503
2020 $39,170 $49,482 $952 $3,157
2019 $40,408 $51,130 $1,259 $3,361
2018 $41,418 $46,381 $1,464 $3,442
2017 $38,687 $44,469 $1,483 $3,392
2016 $37,024 $42,880 $1,239 $3,313
2015 $36,702 $40,905 $1,296 $3,337
2014 $43,148 $40,218 $1,707 $3,441
2013 $42,669 $39,583 $1,821 $3,477
2012 $40,864 $37,671 $1,710 $3,324
2011 $43,930 $37,510 $1,625 $3,228
2010 $40,695 $35,908 $1,451 $3,098
2009 $41,728 $34,685 $1,136 $2,872
2008 $45,465 $35,053 $1,376 $2,708
2007 $41,486 $34,066 $1,119 $2,555
2006 $36,432 $32,424 $1,052 $2,378
2005 $34,696 $30,431 $711 $2,213
2004 $33,645 $28,921 $549 $2,068
2003 $29,480 $28,024 $446 $1,942
2002 $24,145 $28,350 $394 $1,837
2001 $22,332 $27,347 $397 $1,785
2000 $22,341 $26,007 $359 $1,709
1999 $24,576 $24,204 $350 $1,654
1998 $24,869 $23,263 $373 $1,601
1997 $24,169 $22,190 $466 $1,631
1996 $26,758 $21,268 $400 $1,585
1995 $26,792 $20,701 $433 $1,501
1994 $23,360 $19,892 $426 $1,464
1993 $22,239 $19,094 $391 $1,607
1992 $23,615 $18,801 $389 $1,505
1991 $21,501 $18,198 $423 $1,534
1990 $21,586 $17,475 $422 $1,522
1989 $17,547 - $526 -
1988 $17,550 - $504 -
1987 $16,176 - $315 -
1986 $13,430 - $238.2 -
1985 $9,657 - $332 -
1984 $9,312 - $413 -
1983 $9,862 - $520 -
1982 $10,360 - $627 -
1981 $10,956 - $670 -
1980 $12,565 - $669 -
1979 $11,063 - $595 -
1978 $9,167 - $514 -
1977 $7,459 - $474 -
1976 $6,792 - $533 -
1975 $6,617 - $490 -
1974 $5,261 - $601 -
1973 $4,907 - $518 -
1972 $3,809 - $410 -
1971 $3,137 - $372 -
1970 $2,833 - $414 -
1969 $2,729 - $459 -
1968 $2,518 - $387 -
1967 $2,328 - $341 -
1966 $2,173 - $325 -
1965 $2,024 - $287.4 -
1964 $1,891 - $230 -
1963 $1,723 - $203.2 -
1962 $1,554 - $202.3 -
1961 $1,402 - $209.7 -
1960 $1,307 - $221.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

France's GDP per capita is $46,103, ranking 27/197, compared to $1,187 in Zambia, ranking 169/197. Adjusted for purchasing power (GDP per capita PPP), France ranks 30th at $62,557, while Zambia ranks 166th at $4,215.

Economic indicators

France Zambia
Gross domestic product
$3.16T
2024
$25.3B
2024
GDP rank
7/197
2024
116/197
2024
GDP growth
1.19%
2023-2024
3.82%
2023-2024
GDP per capita
$46,103
2024
$1,187
2024
GDP per capita rank
27/197
2024
169/197
2024
GDP per capita, PPP
$62,557
2024
$4,215
2024
GDP per capita PPP rank
30/197
2024
166/197
2024
Government debt
$3.58T
2024
$29.1B
2024
Debt-to-GDP ratio
113.1%
2024
114.9%
2024
Government debt per person
$52,165
2024
$1,365
2024
Government debt per person rank
8/185
2024
134/185
2024
Average annual personal income after taxes
$35,669
2026
$1,349
2026
Market capitalization of domestic companies
$2.37T
2018
$7.77B
2024
Number of millionaires
2,897,000
2025
n/a
Number of billionaires
52
2025
n/a
Income share by richest 10%
25%
2023
39.1%
2022
Income share by poorest 10%
3%
2023
1.5%
2022
Government expenditure, % of GDP
57.2%
2024
25.5%
2024
Consumer prices inflation
2%
2023-2024
15%
2023-2024
Central bank interest rate n/a
14.3%
2025
Unemployment rate
7.44%
2024
5.86%
2023
Population
68788006
22697916

Spending and national debt comparison by year

France
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
France Zambia
Government spending Government debt Government spending Government debt
2024 57.2% 113.1% 25.5% 114.9%
2023 56.8% 109.6% 27.4% 129.1%
2022 58.4% 111.4% 28.2% 99.5%
2021 59.5% 112.8% 30.5% 111%
2020 61.7% 114.9% 34% 140%
2019 55.3% 98.1% 29.8% 103.3%
2018 56.4% 98.5% 27.7% 81.2%
2017 57.7% 98.7% 25% 66.6%
2016 57.4% 98.1% 23.9% 61.2%
2015 57.6% 96.9% 27.6% 61.9%
2014 58.4% 96.1% 24.3% 33.9%
2013 58.6% 94.5% 24% 25.9%
2012 57.9% 91.7% 21.9% 24.9%
2011 57% 88.7% 19.5% 20.8%
2010 57.7% 86.3% 18.1% 18.9%
2009 58% 84.1% 17.8% 20.5%
2008 54.3% 69.8% 19.5% 19.2%
2007 53.6% 65.5% 19.9% 21.9%
2006 53.7% 65.4% 19.7% 25%
2005 54.3% 68.2% 22.5% 75.7%
2004 54% 66.9% 23.3% 129.9%
2003 54.4% 65.4% 27.3% 159.5%
2002 53.9% 61.3% 27.6% 180.2%
2001 52.8% 59.3% 28% 210.2%
2000 52.6% 59.7% 21.4% 261%
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/zambia | CC BY

In 2024, France's government spending was $1.81T, accounting for 57.2% of its GDP, while Zambia spent $6.45B, or 25.5% of GDP.

Debt-to-GDP ratio is 113.1% in France and 114.9% in Zambia, ranking 14/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
France

Zambia
1x
Year Deficit/surplus, % of GDP
France Zambia
2024 -5.77% -3.32%
2023 -5.44% -5.48%
2022 -4.74% -7.82%
2021 -6.58% -8.13%
2020 -8.93% -13.8%
2019 -2.39% -9.41%
2018 -2.32% -8.31%
2017 -3.36% -7.5%
2016 -3.76% -5.69%
2015 -3.89% -8.88%
2014 -4.57% -5.43%
2013 -4.94% -6.4%
2012 -5.17% -3.16%
2011 -5.3% -1.78%
2010 -7.16% -2.43%
2009 -7.38% -2.06%
2008 -3.5% -0.67%
2007 -2.99% -1.04%
2006 -2.66% 16.9%
2005 -3.5% -2.37%
2004 -3.55% -2.51%
2003 -4.09% -5.31%
2002 -3.18% -4.5%
2001 -1.42% -5.89%
2000 -1.32% 1.16%
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/zambia | 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 Zambia's deficit of $840M, or 3.32% of GDP.

Over the past 25 years, France recorded a fiscal deficit in 25 of those years, while Zambia ran a deficit in 23 years. On average, France posted an annual deficit equal to 4.32% of GDP, compared to deficit of 4.15% of GDP for Zambia.

Inflation comparison by year

Inflation
France

Zambia
1x
Year Consumer prices inflation
France Zambia
2024 2% 15%
2023 4.88% 10.9%
2022 5.22% 11%
2021 1.64% 22%
2020 0.48% 15.7%
2019 1.11% 9.2%
2018 1.85% 7.5%
2017 1.03% 6.6%
2016 0.18% 17.9%
2015 0.04% 10.1%
2014 0.51% 7.8%
2013 0.86% 7%
2012 1.95% 6.6%
2011 2.11% 8.7%
2010 1.53% 8.5%
2009 0.09% 13.4%
2008 2.81% 12.4%
2007 1.49% 10.7%
2006 1.68% 9%
2005 1.75% 18.3%
2004 2.14% 18%
2003 2.1% 21.4%
2002 1.92% 22.2%
2001 1.63% 21.4%
2000 1.68% 24.1%
1999 0.54% 23.9%
1998 0.65% 22.7%
1997 1.2% 21.4%

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/zambia | CC BY

Over the past 28 years, France has recorded an average annual inflation rate of 1.61%, compared with 14.4% in Zambia. In 2024, inflation was 2% in France and 15% in Zambia.

Top exports between countries

France
Export category Export value
Machinery & equipment $21.9M
Chemicals & pharma $4.96M
Raw materials & minerals $2.37M
Processed food, beverages & tobacco $1.32M
Metals $697K
Animal & marine products $187K
Textiles & consumer goods $135K
Miscellaneous $78K
Wood & paper products $71K
Raw agricultural goods $59K
Zambia
Export category Export value
Raw agricultural goods $1.06M
Machinery & equipment $963K
Processed food, beverages & tobacco $107K
Chemicals & pharma $32K
Precious metals & jewellery $15K
Miscellaneous $10K
Textiles & consumer goods $5K
Animal & marine products $2K
Raw materials & minerals $1K

Balance of trade

France Zambia
Current account balance
$2.69B
2024
-$487M
2024
Current account balance ranking
42/190
2024
106/190
2024
Current account balance, % of GDP
+0.09%
2024
-1.93%
2024
Goods imports
$733B
2024
$10.1B
2024
Goods exports
$668B
2024
$11.4B
2024
Service imports
$341B
2024
$1.94B
2024
Service exports
$403B
2024
$1.38B
2024
Imports of goods and services, % of GDP
34.2%
2024
27.6%
2024
Exports of goods and services, % of GDP
33.9%
2024
35%
2024

Economic freedom indices

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

France Zambia
Economic freedom 64.6 51.9
Economic freedom ranking 72/197 152/197
Property rights 91.2 43.9
Government integrity 73.4 39.3
Judicial effectiveness 84.7 45
Tax burden 54.6 74.3
Government spending 0.9 78.1
Fiscal health 34.8 30.9
Business freedom 78.4 53.4
Labor freedom 59.1 48.8
Monetary freedom 73.2 66.6
Trade freedom 79.4 62.8
Investment freedom 75 40
Financial freedom 70 40

Economic freedom comparison by year

France
Zambia
1x
Year Economic freedom index
France Zambia
2026 64.6 51.9
2025 64.4 50.9
2024 62.5 48.4
2023 63.6 47.8
2022 65.9 48.7
2021 65.7 50.4
2020 66 53.5
2019 63.8 53.6
2018 63.9 54.3
2017 63.3 55.8
2016 62.3 58.8
2015 62.5 58.7
2014 63.5 60.4
2013 64.1 58.7
2012 63.2 58.3
2011 64.6 59.7
2010 64.2 58
2009 63.3 56.6
2008 64.7 56.2
2007 62.1 56.2
2006 61.1 56.8
2005 60.5 55
2004 60.9 54.9
2003 59.2 55.3
2002 58 59.6
2001 58 59.5
2000 57.4 62.8
1999 59.1 64.2
1998 58.9 62.7
1997 59.1 62.1
1996 63.7 59.6
1995 64.4 55.1

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

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

The Economic Freedom Index for France is 64.6, ranking 72/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

France Zambia
Services, % of GDP
70.9%
2024
57.2%
2024
Industry, % of GDP
17.2%
2024
35.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.3%
2024
2.83%
2024
GNI, Atlas method
$3.1T
2024
$25.9B
2024
GNI per capita, PPP
$63,880
2024
$3,850
2024
Total reserves including gold
$283B
2024
$4.09B
2024
Total reserves ranking
13/177
2024
106/177
2024
Net foreign direct investment
-$10.3B
2024
-$1.32B
2024
Net inflows of foreign direct investment
$52.1B
2024
$2.36B
2024
Net outflows of foreign direct investment
$41.7B
2024
$311M
2024
Servicing debt to the IMF, % of GNI n/a
16.9%
2024
Poverty at national poverty lines
15.6%
2021
60%
2022
Gross capital formation, % of GDP
21.5%
2024
23.8%
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/zambia | 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 (1880–1989, retrieved 2026-02-20)
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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.