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
France Fiscal Balance Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Fiscal Balance (% of GDP) | -2.4 | -8.9 | -6.6 | -4.8 | -5.5 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects French fiscal balance projections for the next ten years from a panel of 29 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for French fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our French fiscal balance projections.
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