Finance
Deaths outnumber births in France for first time since World War Two
Published by Global Banking & Finance Review®
Posted on January 13, 2026
2 min readLast updated: January 19, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 13, 2026
2 min readLast updated: January 19, 2026
In 2025, France saw more deaths than births for the first time since WWII, impacting its demographic advantage and public finances.
PARIS, Jan 13 (Reuters) - France recorded more deaths than births in 2025 for the first time since the end of World War Two, a development that erodes its long-held demographic advantage over other European Union nations, official figures showed on Tuesday.
The national statistics institue INSEE reported 651,000 deaths last year and 645,000 births, which have collapsed in number since the global COVID pandemic.
France has traditionally had stronger demographics than most of Europe, but an aging population and falling birth rates show it is not immune to the demographic crunch straining public finances across the continent.
INSEE said the fertility rate dropped to 1.56 children per woman last year, its lowest level since the World War One and well below the 1.8 assumed in pension funding forecasts by the pension advisory council.
In 2023, the most recent year with EU comparisons, France ranked second highest with a fertility rate of 1.65, behind Bulgaria's 1.81.
The demographic shift will push public spending back to pandemic-era highs in the coming years while eroding the tax base, the national public audit office warned last month.
"Given the retirement of the large generations born in the 1960s, labour market tensions and workforce problems are likely to increase rapidly in the coming years," said economist Philippe Crevel with the Cercle d'Epargne think tank.
Despite deaths outnumbering births, France's population grew slightly last year to 69.1 million, due to net migration, which INSEE estimated at 176,000.
Life expectancy reached record highs last year - 85.9 years for women and 80.3 for men - while the share of people aged 65 or older climbed to 22%, nearly matching those under 20.
(Reporting by Leigh Thomas; Editing by Alexandra Hudson)
Demographic change refers to shifts in the population structure, including changes in birth rates, death rates, and migration patterns that affect the size and composition of a population.
Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by GDP.
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