France vs Luxembourg

France vs Luxembourg: Government debt

Government debt in 2025: 115.5% of GDP in France and 26.5% of GDP in Luxembourg, by IMF estimates. In 2025 the value was higher in France, by 89 percentage points, or 4.36 times that in Luxembourg.

% of GDP · IMF

France vs Luxembourg: Government debtGovernment debt in 2025: 115.5% of GDP in France and 26.5% of GDP in Luxembourg, by IMF estimates. In 2025 the value was higher in France, by 89 percentage points, or 4.36 times that in Luxembourg.
FranceLuxembourgIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • France has been higher in every year both have figures for since 1995.
  • In 2025, France ranked 7 and Luxembourg ranked 135 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts France at 123.6% of GDP and Luxembourg at 39.7% of GDP in 2031.

Every year

% of GDP · IMF

YearFranceLuxembourg
2025115.526.5
2024112.626.3
2023109.524.7
2022111.424.9
2021112.824.2
2020114.924.5
201998.222.3
201898.520.9
201798.821.8
201698.219.6
20159721.1
201496.221.9
201394.622.4
201291.720.9
201188.818.5
201086.319.1
200984.115.3
200869.814.6
200765.58.1
200665.48.2
200568.28
200466.97.8
200365.47.4
200261.37.4
200159.37.6
200059.77.5
199961.48.4
199862.19.5
19976210.1
199660.610.2
199557.810.3
199451.6–
199348.2–
199241.7–
199137.8–
199036.8–
198935.5–
198834.7–
198734.8–
198632.4–
198531.9–
198430.2–
198327.7–
198226.2–
198122.7–
198021.3–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearFranceLuxembourg
2026118.528.5
2027120.430
2028121.732.3
2029122.634.7
2030123.237.1
2031123.639.7

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

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