Fiscal Balance in France
France's fiscal deficit fluctuated considerably from 2013 to 2022. Efforts to reduce the deficit through spending cuts and tax reforms were partly successful early in the decade. However, social unrest and political challenges limited further austerity measures. The COVID-19 pandemic led to increased spending, widening the deficit.
The fiscal balance in France averaged -4.4% of GDP in the decade to 2022, below the Euro Area average of -2.7% of GDP. The fiscal balance in France in 2022 was -4.8% of GDP. For more fiscal balance information, visit our dedicated page.
France Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for France from 2014 to 2023.
Source: Macrobond.
France Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -2.4 | -8.9 | -6.6 | -4.7 | -5.5 |
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