Trends in France for achieving the Agenda 2030 sustainable development goals (SDG)

SDG17 – Partnerships for the Goals

Total official development assistance (ODA) grant equivalent as a % of gross national income (GNI)
Change*Latest value**Trend for achieving the SDG by 2030

+0.1 points from 2018 to 2020

YearValue
20180,43
20190,44
20200,53
0.53%
Favourable

Official development assistance represented 0.56% of France’s gross national income in 2022 (amounting to €15.1 billion). This proportion has risen considerably compared to 2018, when it stood at 0.43% (€10.3 billion), in line with the President of the French Republic’s commitment to reaching the target of 0.55% of GNI by 2022. These efforts made France the fourth largest donor worldwide in terms of amount and tenth in terms of percentage of GNI in 2022.


Bilateral official development assistance (ODA)
Change*Latest value**Trend for achieving the SDG by 2030

+16% from 2014 to 2019

YearValue
20148 306,30
20156 796,40
20167 426,00
20178 645,90
20189 542,70
20199 660,20
USD 9,660.2 million
Favourable

France’s bilateral official development assistance (ODA) has increased continuously since 2015, reaching €9.1 billion in 2022 (9.6 billion USD). In 2022, France’s bilateral commitment represented 60% of its total ODA, as in the previous year. This objective is among the targets set by the planning act of 4 August 2021, which sets the bilateral component of French official development assistance at an average of 65% of total ODA for the 2022-2025 period.


Financial soundness
Change*Latest value**Trend for achieving the SDG by 2030

+3.3 points from 2015 to 2020

YearValue
201513,00
201615,11
201715,41
201815,56
201915,98
202017,05
17.1%
Favourable

In 2022, the rise in prices was expected to reach 8.4% in the euro area. According to INSEE, average consumer price inflation stood at 5.2% in France, compared to 1.6% in 2021, a level that is far too high and above the inflation target. Finance for the economy remains well-assured: for private individuals, mortgage loans in France are the most affordable, plentiful and safest among major European countries. For businesses, the value of outstanding bank loans has grown significantly, and a shift has been seen in the balance of company financing toward bank credit due to the more contained cost. The finance needs of the real economy thus continue to be largely met, thanks to the work of banks. French banks and insurers are in a solid financial and prudential position: the solvency ratio of the six main banking groups is close to record highs, reaching 14.5% at the end of September 2022, and that of insurers increased in the first half of 2022 to reach 263%.


Public debt (Maastricht definition) as a % of gross domestic product (GDP)
Change*Latest value**Trend for achieving the SDG by 2030

+20 points from 2015 to 2020

YearValue
201595,60
201698,00
201798,10
201897,80
201997,50
2020115,00
115%
Unfavourable

In 2020, public debt in the euro area and particularly in France was at a concerning level, despite the European Central Bank’s stepped up and expanded public and private sector debt purchase programmes. The government debt-to-GDP ratio also rose sharply during 2020 to reach 115.7%. France remains one of the most heavily indebted countries in the euro zone and the European Union. In 2021, public debt stood at 112.9% of gross domestic product. The level of government debt in France remains high, despite debt reduction efforts that have begun to bear fruit. In view of this level of debt, it is highly likely that France’s public debt will remain high over the long term.


Private debt as a % of gross domestic product (GDP)
Change*Latest value**Trend for achieving the SDG by 2030

+31 points from 2015 to 2020

YearValue
2015141,90
2016142,30
2017144,20
2018147,50
2019151,60
2020172,80
173%
Unfavourable

In 2021, France saw an increase of over 21% in the non-financial private sector debt ratio compared to 2019. At 151%, France had one of the highest non-financial private sector debt ratios in the euro zone. These figures are not cause for alarm, however, according to the report by the Banque de France, which highlights the unusual sharp falls in GDP seen in 2020 due to the COVID-19 crisis as the primary reason for the marked increase in the non-financial private sector debt ratio. In 2022, the ratio in France was stable (with the increase in debt offset by the growth in nominal GPD), at 147% of GDP. France’s private debt ratio remains the highest of major European countries.


Source: INSEE, Dashboard of national indicators for monitoring the Sustainable Development Goals – published January 2022. Statistics processed by SDES (ministerial Statistical Data and Studies Department) - Only available in French. (Insee, Tableau de bord des indicateurs pour le suivi national des objectifs de développement durable - paru en janvier 2022. Traitements SDES)

*Change: since the latest available value, change over a period of 5 years (longer or shorter depending on data availability).

**Latest value: value corresponding to the last year of the trend graph.

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