France vs Spain

France vs Spain: Government debt

Government debt in 2025: 115.5% of GDP in France and 100.5% of GDP in Spain, by IMF estimates. In 2025 the value was higher in France, by 15 percentage points, or 1.15 times that in Spain.

% of GDP · IMF

France vs Spain: Government debtGovernment debt in 2025: 115.5% of GDP in France and 100.5% of GDP in Spain, by IMF estimates. In 2025 the value was higher in France, by 15 percentage points, or 1.15 times that in Spain.
FranceSpainIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • France has been higher since 2022, when it overtook Spain.
  • In 2025, France ranked 7 and Spain ranked 14 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts France at 123.6% of GDP and Spain at 89.4% of GDP in 2031.

Every year

% of GDP · IMF

YearFranceSpain
2025115.5100.5
2024112.6101.4
2023109.5105.2
2022111.4109.2
2021112.8115.6
2020114.9119.2
201998.297.6
201898.599.7
201798.8101.1
201698.2102
201597102.4
201496.2104.4
201394.6100
201291.789.6
201188.869.5
201086.360.3
200984.153.1
200869.839.6
200765.535.7
200665.439
200568.242.4
200466.945.3
200365.447.7
200261.351.2
200159.354.1
200059.757.8
199961.460.9
199862.162.4
19976264.3
199660.665.4
199557.861.6
199451.657
199348.254.6
199241.744.1
199137.841.9
199036.841.3
198935.539.9
198834.738.5
198734.841.9
198632.442.1
198531.940.9
198430.236
198327.729.5
198226.224.4
198122.719.5
198021.316.1
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearFranceSpain
2026118.597.6
2027120.495.2
2028121.793.2
2029122.692
2030123.290.7
2031123.689.4

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 Spain

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