France's public debt continues to rise, exceeding 3 trillion euros and reaching 112% of GDP. How does this figure compare to other countries?

France's Growing Debt

In the second quarter of 2023, France's public debt reached nearly 3 trillion euros, equivalent to about 112% of its GDP. A situation that understandably worries experts and citizens. However, the complexity of global indebtedness requires a broader perspective.

Global Comparisons

In Europe, France ranks among the most indebted countries but doesn’t top the list. Greece (171.3% of GDP) and Italy (144.4%) have significantly higher ratios. Spain (113.2%) is close to France, while Germany (66.3%) maintains a more stable position. Globally, Japan holds the record for the highest debt (262.5% of GDP), with the US also surpassing France with a debt ratio of 129.3% of GDP.

Challenges in Debt Management

Despite the alarming debt levels in France, it reflects global trends. The main challenge for France, as for other countries, is finding a balance between managing debt and sustaining economic growth.

France, with its high level of debt, is not an exception among global economies. The key issue remains managing this debt amidst global economic challenges.