France IMF gross debt: domestic currency total
France IMF gross debt: domestic currency total stood at 3,737.5 EUR billion in Q2 2026, according to INSEE – Institut national de la statistique et des études économiques (BDM). It is one of the indicators in the Government debt and financial accounts table (Value · Quarterly), with a complete series running from Q4 1995 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Government debt and financial accounts table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IMF gross debt for General Government - Total in domestic currency | 3,737.5 | 3,689 | 3,626.6 | 3,588 | 3,555.6 | 3,479.5 | 3,454.1 | 3,448.7 | 3,388.3 | 3,327 | |
| Quarterly Maastricht debt for General Government - Securities other than shares and other equity | 3,229 | 3,170.8 | 3,096.2 | 3,124.1 | 3,064.6 | 2,998.5 | 2,952.9 | 2,960.3 | 2,892.2 | 2,821.3 | |
| Quarterly Maastricht debt for General Government - Social security funds | 309.4 | 301 | 292.6 | 306 | 298.4 | 290.7 | 287.4 | 293 | 283.8 | 279.7 |
Understanding france IMF gross debt: domestic currency total
Nominal obligations contracted strictly in the national currency unit by administrative authorities across all levels of the general government are captured here, removing foreign exchange exposure. By isolating liabilities payable in euros, the measure highlights domestic funding reliance and shields the figures from currency translation effects that occur when foreign-denominated bonds fluctuate against the common currency. Intergovernmental holdings within the public sector are netted out to prevent double-counting, distinguishing this figure from unconsolidated debt measures.
Reading this metric involves distinguishing between domestic investor absorption capacity and shifts in foreign participation within domestic bond auctions. Seasonal borrowing surges often concentrate around primary sovereign refinancing windows early in the calendar year. Observers must note that while exchange rate volatility does not distort this specific series, legislative reclassifications of public entities can introduce step changes in the historical series independent of new borrowing activity.
Frequently asked questions
- Does this series include foreign currency borrowing?
- No, it isolates only those liabilities denominated in the domestic currency unit.
- How do exchange rate shifts affect this metric?
- They have no impact, as foreign-denominated instruments are excluded from this specific currency breakdown.
- Why is domestic currency debt tracked separately?
- It allows researchers to assess sovereign exposure to domestic financial institutions and local savings markets.