France vs Portugal

France vs Portugal: Government debt

Government debt in 2025: 115.5% of GDP in France and 89.7% of GDP in Portugal, by IMF estimates. In 2025 the value was higher in France, by 25.8 percentage points, or 1.29 times that in Portugal.

% of GDP · IMF

France vs Portugal: Government debtGovernment debt in 2025: 115.5% of GDP in France and 89.7% of GDP in Portugal, by IMF estimates. In 2025 the value was higher in France, by 25.8 percentage points, or 1.29 times that in Portugal.
FrancePortugalIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • France has been higher since 2022, when it overtook Portugal.
  • In 2025, France ranked 7 and Portugal ranked 23 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts France at 123.6% of GDP and Portugal at 72% of GDP in 2031.

Every year

% of GDP · IMF

YearFrancePortugal
2025115.589.7
2024112.693.5
2023109.596.9
2022111.4111.2
2021112.8123.9
2020114.9134.1
201998.2116.1
201898.5121.1
201798.8126
201698.2131.2
201597131
201496.2132.5
201394.6130.8
201291.7128.6
201188.8114
201086.399.9
200984.187.6
200869.875.5
200765.572.7
200665.473.7
200568.272.2
200466.967.1
200365.463.9
200261.360
200159.357.4
200059.754.2
199961.455.4
199862.155.6
19976258.2
199660.664.8
199557.863.5
199451.661.6
199348.258.4
199241.759.3
199137.865.2
199036.861.4
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
YearFrancePortugal
2026118.585.1
2027120.481
2028121.777.9
2029122.675.3
2030123.273.4
2031123.672

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

France vs Portugal

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