Vietnam Current Account Balance: % of GDP
Key information about Vietnam Current Account Balance: % of GDP
- Vietnam Current Account surplus accounted for 6.6 % of the country's Nominal GDP in Dec 2023, compared with a 0.3 % deficit in the previous year.
- Vietnam Current Account Balance: % of Nominal GDP data is updated yearly, available from Dec 2010 to Dec 2023, with an average value of 1.1 %.
- The data reached an all-time high of 6.6 % in Dec 2023 and a record low of -2.9 % in Dec 2010.
CEIC calculates annual Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and annual Nominal GDP. The State Bank of Vietnam provides Current Account Balance in USD based on BPM6. General Statistics Office provides Nominal GDP in local currency. The State Bank of Vietnam average market exchange rate is used for currency conversions. Current Account Balance prior to 2012 is based on BPM5.
Key information about Vietnam Current Account Balance: % of GDP
- In the latest reports of Vietnam, Current Account recorded a surplus of 6.4 USD bn in Dec 2023.
- Foreign Direct Investment (FDI) increased by 5.8 USD bn in Dec 2023.
- Vietnam Direct Investment Abroad expanded by 50.0 USD mn in Dec 2023.
- Its Foreign Portfolio Investment fell by 650.0 USD mn in Dec 2023.
- The country's Nominal GDP was reported at 362.6 USD bn in Dec 2021.
View Vietnam's Current Account Balance: % of GDP from 2010 to 2023 in the chart:
What was Vietnam's Current Account Balance: % of GDP in 2023?
Vietnam Current Account surplus accounted for 6.6 % of the country's Nominal GDP in Dec 2023, compared with a 0.3 % deficit in the previous year. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
6.6 2023 | -0.3 2022 | -2.9 2010 | 6.6 2023 | % | yearly | 2010 - 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Algeria (%) | 1.6 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
Argentina (%) | -2.2 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Armenia (%) | 2.7 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.9 Dec 2023 | quarterly | Mar 2013 - Dec 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | -1.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Belgium (%) | 1.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Bolivia (%) | -6.2 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Bosnia and Herzegovina (%) | -2.8 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Botswana (%) | -16.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Brazil (%) | -2.6 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -3.1 Dec 2023 | quarterly | Sep 1999 - Dec 2023 |
Cambodia (%) | -1.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -4.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
China (%) | 1.2 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | -5.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | -11.2 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
Czech Republic (%) | 0.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 12.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.2 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Finland (%) | 1.5 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
France (%) | -0.9 Mar 2024 | quarterly | Mar 1997 - Mar 2024 |
Georgia (%) | -6.8 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Germany (%) | 7.1 Mar 2024 | quarterly | Mar 1991 - Mar 2024 |
Ghana (%) | 0.2 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | -12.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Hong Kong SAR, China (%) | 9.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
Hungary (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.2 Dec 2023 | quarterly | Jun 2004 - Dec 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 9.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 1.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | 3.0 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Kazakhstan (%) | -2.2 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 7,671.1 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
Kosovo (%) | -15.4 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -3.0 2022 | yearly | 1984 - 2022 |
Latvia (%) | -1.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 4.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 7.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malta (%) | 0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mauritius (%) | -3.4 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Moldova (%) | -11.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Mongolia (%) | -4.7 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Montenegro (%) | -24.1 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Morocco (%) | -0.5 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 8.5 Dec 2023 | quarterly | Mar 1987 - Dec 2023 |
New Zealand (%) | -6.7 Dec 2023 | quarterly | Jun 1987 - Dec 2023 |
Nigeria (%) | 1.9 Sep 2023 | quarterly | Mar 2014 - Sep 2023 |
Norway (%) | 17.2 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -1.0 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -18.8 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Paraguay (%) | -1.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
Romania (%) | -7.1 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 2.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Saudi Arabia (%) | 1.6 Dec 2023 | quarterly | Mar 2006 - Dec 2023 |
Serbia (%) | -5.5 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 3.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
South Africa (%) | -2.3 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Spain (%) | 2.2 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 1.1 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 7.6 Dec 2023 | quarterly | Mar 1983 - Dec 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.4 2021 | yearly | 2010 - 2021 |
Tax Revenue (USD mn) | 17,229.271 Mar 2024 | quarterly | Mar 2005 - Mar 2024 |
Tax Revenue: % of GDP (%) | 11.6 2023 | yearly | 2010 - 2023 |
National Government Debt (USD mn) | 137,176.1 2022 | yearly | 2010 - 2022 |
Government Debt: % of GDP (%) | 34.2 2022 | yearly | 2010 - 2022 |
Forecast: Government Expenditure (VND bn) | 3,847,663.157 2029 | yearly | 1998 - 2029 |
Forecast: Government Net Debt (VND bn) | 4,962,723.370 2028 | yearly | 2000 - 2028 |
Forecast: Government Revenue (VND bn) | 3,244,030.930 2028 | yearly | 1998 - 2028 |
State Govt Budget: ytd: Expenditure: Current (VND bn) | 303,620.000 Mar 2024 | quarterly | Dec 2004 - Mar 2024 |
State Govt Budget: ytd: Revenue: Tax: Special Consumption Tax (VND bn) | 30,637.100 Mar 2024 | quarterly | Dec 2004 - Mar 2024 |
State Govt Budget: ytd: Expenditure excl Principal Payment (VND bn) | 393,495.000 Mar 2024 | quarterly | Dec 2004 - Mar 2024 |
State Govt Budget: ytd: Revenue (VND bn) | 539,539.600 Mar 2024 | quarterly | Dec 2004 - Mar 2024 |
State Govt Budget: ytd: Revenue: Tax: Value Added Tax (VND bn) | 125,801.300 Mar 2024 | quarterly | Dec 2004 - Mar 2024 |
GD: Outstanding: External: VND (VND bn) | 974,993.410 2022 | yearly | 2002 - 2022 |
GD: Outstanding: Domestic: VND (VND bn) | 2,273,475.050 2022 | yearly | 2010 - 2022 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 9.484 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 1,066.2 Apr 2024 | monthly | Jan 1996 - Apr 2024 |
Total Exports (USD mn) | 31,052.7 Apr 2024 | monthly | Jan 1997 - Apr 2024 |
Total Exports Growth (%) | 11.0 Apr 2024 | monthly | Jan 1998 - Apr 2024 |
Aluminum: Exports (USD th) | 1,316,002.666 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 181,327.032 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 57,511.959 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 29,986.5 Apr 2024 | monthly | Jan 1997 - Apr 2024 |
Total Imports Growth (%) | 18.8 Apr 2024 | monthly | Jan 1998 - Apr 2024 |
Imports: Medicament (USD th) | 2,471,771.739 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 1,625,053.469 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 8,968.095 Mar 2024 | monthly | Jan 1990 - Mar 2024 |
Total Imports from USA (USD mn) | 1,177.671 Mar 2024 | monthly | Jan 1990 - Mar 2024 |
Total Exports to China (USD mn) | 5,152.609 Mar 2024 | monthly | Jan 2013 - Mar 2024 |
Total Imports from China (USD mn) | 11,171.607 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
Exports: China (USD) | 2,888,701,593.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: Australia (USD) | 293,830,219.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: United States (USD) | 4,562,588,364.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: Japan (USD) | 1,467,599,017.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: Canada (USD) | 314,331,082.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: ytd: Aqua Products (USD mn) | 2,718.869 Apr 2024 | monthly | Apr 1998 - Apr 2024 |
Exports: ytd: Footwear (USD mn) | 6,638.745 Apr 2024 | monthly | Apr 1998 - Apr 2024 |
Exports: ytd: Crude Oil (USD mn) | 814.536 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
Exports: ytd: Textiles and Garments (USD mn) | 10,416.348 Apr 2024 | monthly | Apr 1998 - Apr 2024 |
Exports: ytd: Rice (USD mn) | 2,037.172 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
Imports: China (USD) | 6,536,188,277.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: Thailand (USD) | 1,010,176,779.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: Singapore (USD) | 370,217,737.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: Australia (USD) | 388,919,219.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: United States of America (USD) | 1,363,320,562.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: ytd: Garments (USD mn) | 4,492.547 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
Imports: ytd: Computers, Electronic Product (USD mn) | 31,649.746 Apr 2024 | monthly | Dec 1999 - Apr 2024 |
Imports: ytd: Machinery and Spare Parts (USD mn) | 14,133.539 Apr 2024 | monthly | Jan 1998 - Apr 2024 |
Imports: ytd: Steel Products (USD mn) | 3,885.596 Apr 2024 | monthly | Mar 2000 - Apr 2024 |
Imports: ytd: Petroleum (USD mn) | 3,065.620 Apr 2024 | monthly | Mar 2000 - Apr 2024 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 50.0 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Current Account Balance (USD mn) | 6,375.0 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Current Account Balance: % of GDP (%) | 6.6 2023 | yearly | 2010 - 2023 |
Foreign Direct Investment (USD mn) | 5,830.0 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Foreign Direct Investment: % of GDP (%) | 4.3 2023 | yearly | 1985 - 2023 |
Foreign Portfolio Investment (USD mn) | -650.000 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | -0.3 Mar 2022 | quarterly | Mar 2021 - Mar 2022 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -98.0 Dec 2014 | quarterly | Mar 2005 - Dec 2014 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -83.000 Dec 2014 | quarterly | Mar 2005 - Dec 2014 |
External Debt (USD mn) | 144,857.6 2022 | yearly | 2010 - 2022 |
External Debt: % of GDP (%) | 36.1 2022 | yearly | 2010 - 2022 |
External Debt: Short Term (USD mn) | 33,233.0 2021 | yearly | 1981 - 2021 |
External Debt: Short Term: % of GDP (%) | 9.3 2022 | yearly | 1985 - 2022 |
Forecast: Current Account Balance (USD bn) | 5.931 2029 | yearly | 1980 - 2029 |
Government Debt: % of GDP (%) | 34.200 2022 | yearly | 2010 - 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 4.5 Dec 2023 | quarterly | Dec 2011 - Dec 2023 |
Money Supply M1 (USD mn) | 140,458.600 Nov 2023 | monthly | Dec 2000 - Nov 2023 |
Money Supply M2 (USD mn) | 576,744.956 Sep 2023 | monthly | Dec 2000 - Sep 2023 |
M2 Growth (%) | 10.2 Nov 2023 | monthly | Dec 2001 - Nov 2023 |
Reserve Requirement Ratio (%) | 3.0 Apr 2024 | monthly | Feb 2010 - Apr 2024 |
Foreign Exchange Reserves (USD mn) | 85,801.6 Feb 2023 | monthly | Jan 1995 - Feb 2023 |
Foreign Exchange Reserves: % of GDP (%) | 3.000 Mar 2024 | monthly | Feb 2010 - Mar 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 3.0 Nov 2023 | monthly | Mar 1997 - Nov 2023 |
Gold Reserves (USD mn) | 666.030 Nov 2023 | monthly | Jan 1995 - Nov 2023 |
Domestic Credit (USD mn) | 548,147.2 Nov 2023 | monthly | Dec 1992 - Nov 2023 |
Domestic Credit Growth (%) | 9.9 Sep 2023 | monthly | Dec 1993 - Sep 2023 |
Total Loans (USD mn) | 561,718.920 Jan 2024 | monthly | Apr 2012 - Jan 2024 |
Total Loans Growth (%) | 11.98 Feb 2024 | monthly | Apr 2013 - Feb 2024 |
Private Debt: % of Nominal GDP (%) | 128.68 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Foreign Reserves: Foreign Exchange (USD mn) | 87,629.420 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Foreign Reserves: Total Include Gold (USD mn) | 90,082.297 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Global Competitiveness Index (Score) | 61.543 2019 | yearly | 2017 - 2019 |
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