France general government debt securities: residents
France general government debt securities: residents stood at 1,141,139.5 EUR million in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities holders table (Value · Quarterly), with a complete series running from Q4 2017 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities holders table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Held by residents5 | 1,141,139.5 | 1,174,118.1 | 1,153,824.6 | 1,215,507 | 1,197,882.7 | 1,192,895.4 | 1,163,365.1 | 1,197,925.1 | 1,176,903.1 | 1,189,173.7 | |
| Non-financial corporations | 8,580 | 7,888.7 | 7,340.4 | 8,866.7 | 8,863.7 | 6,195.5 | 6,923.4 | 5,916.7 | 5,876.5 | 7,030.6 | |
| Financial corporations | 1,112,997.1 | 1,136,385.1 | 1,145,965.4 | 1,189,813.2 | 1,172,790.8 | 1,172,740.1 | 1,164,845 | 1,172,245.6 | 1,145,875.4 | 1,156,199.2 |
Understanding france general government debt securities: residents
Domestic capital markets absorb the vast majority of public sector issuance through institutional and retail channels operating inside the national border. This aggregate compiles all sovereign debt instruments owned by resident entities across every domestic sector, from commercial banks to private citizens. Excluded entirely are claims held by foreign central banks, international investment funds, and overseas private investors.
Interpreting these domestic portfolios involves understanding regulatory incentives that encourage local financial institutions to hold sovereign paper for liquidity management. Analysts should monitor quarter-on-quarter variations to assess how domestic savings absorb shifting public borrowing requirements. Care is required when comparing this aggregate with international counterparts, as domestic banking structures heavily influence local absorption capacity.
Frequently asked questions
- Which domestic entities are included in this resident total?
- The aggregate combines holdings from financial corporations, non-financial enterprises, general government bodies, and households.
- Are cross-border holdings captured in this specific metric?
- No, non-resident holdings are completely filtered out to isolate domestic institutional and retail participation.
- Why is resident debt ownership monitored by policy institutions?
- It reveals the domestic financial system's exposure to sovereign risk and the local availability of funding for public budgets.