France long-term state debt holdings: residents
France long-term state debt holdings: residents stood at 1,029,058.05 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 Q1 2008 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Residents2 | 1,029,058.05 | 1,073,512.73 | 1,077,589.76 | 1,117,636.45 | 1,111,084.73 | 1,097,680.99 | 1,082,103.38 | 1,117,830.95 | 1,055,349.31 | 1,072,215.92 | |
| Non-financial corporations | 8,498.03 | 7,392.4 | 7,524.64 | 8,837.41 | 8,814.94 | 6,046.28 | 7,076.81 | 5,940.91 | 5,520.82 | 6,880.89 | |
| Financial corporations | 998,847.52 | 1,034,016.81 | 1,069,536.03 | 1,090,339.4 | 1,083,923.67 | 1,075,706.96 | 1,085,580.07 | 1,090,809.11 | 1,023,951.41 | 1,038,603.99 |
Understanding france long-term state debt holdings: residents
Domestic institutional and individual portfolios containing extended-maturity central government debt instruments are enumerated within this metric, encompassing all financial units domiciled within national borders that maintain claims against the sovereign. The scope strictly covers marketable debt obligations possessing original or remaining maturities exceeding a defined multi-year threshold, systematically excluding short-term treasury bills, municipal obligations, and foreign-domiciled entities. Contrasted against sibling series that isolate foreign investors or specific financial sub-sectors, this aggregate consolidates every domestic constituency holding sovereign paper, providing a broad macroeconomic view of internal public debt distribution.
Interpreting these figures requires accounting for periodic methodological adjustments arising from regulatory reclassifications and portfolio restructuring among domestic financial intermediaries. Analysts should prioritize period-on-period evaluations when assessing structural shifts in domestic absorption capacity, while remaining mindful of valuation effects driven by shifting market yields. Direct comparisons with nominal GDP or total debt outstanding can be misleading if market-value accounting is conflated with face-value accounting, necessitating careful verification of the underlying valuation methodology used in the reporting period.
Frequently asked questions
- What categories of investors are included under domestic resident holders?
- The classification aggregates all institutional sectors located within the national economy, including monetary financial institutions, insurance corporations, pension funds, households, and non-financial corporations.
- Why might domestic holdings shift independently of total debt issuance?
- Portfolios are influenced by domestic regulatory capital requirements, changes in domestic savings rates, and relative yield attractiveness compared to alternative domestic assets.
- Are secondary market transactions reflected in these figures?
- Yes, acquisitions and disposals executed through secondary markets alter the distribution of holdings between residents and non-residents over time.