Vietnam Private Consumption: % of GDP
2010 - 2023 | Yearly | % | CEIC Data
Key information about Vietnam Private Consumption: % of GDP
- Vietnam Private Consumption accounted for 54.4 % of its Nominal GDP in Dec 2023, compared with a ratio of 54.8 % in the previous year.
- Vietnam Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 2010 to Dec 2023, with an average share of 56.9 %.
- The data reached an all-time high of 59.3 % in Dec 2015 and a record low of 54.4 % in Dec 2023.
CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. General Statistics Office provides Private Consumption Expenditure and Nominal GDP in local currency.
Related information about Vietnam Private Consumption: % of GDP
- In the latest reports, Vietnam GDP expanded 13.0 % YoY in Dec 2023.
- Its Nominal GDP reached 362.6 USD bn in Dec 2021.
- Vietnam GDP Per Capita reached 3,716.8 USD in Dec 2021.
- Its Gross Savings Rate was measured at 36.7 % in Dec 2023.
View Vietnam's Private Consumption: % of GDP from 2010 to 2023 in the chart:
What was Vietnam's Private Consumption: % of GDP in 2023?
Vietnam Private Consumption accounted for 54.4 % of its Nominal GDP in Dec 2023, compared with a ratio of 54.8 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 54.4 2023 | 54.8 2022 | 54.4 2023 | 59.3 2015 | % | yearly | 2010 - 2023 |
Private Consumption: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 73.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 41.2 2023 | yearly | 1950 - 2023 |
| Argentina (%) | 69.6 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Armenia (%) | 68.1 Sep 2024 | quarterly | Dec 1994 - Sep 2024 |
| Australia (%) | 51.8 Sep 2024 | quarterly | Sep 1959 - Sep 2024 |
| Austria (%) | 51.9 Jun 2024 | quarterly | Mar 1988 - Jun 2024 |
| Azerbaijan (%) | 44.0 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
| Bahrain (%) | 36.3 2022 | yearly | 1975 - 2022 |
| Bangladesh (%) | 66.8 2024 | yearly | 1973 - 2024 |
| Belarus (%) | 55.0 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Belgium (%) | 51.6 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
| Bolivia (%) | 62.8 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
| Bosnia and Herzegovina (%) | 62.8 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
| Botswana (%) | 42.8 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
| Brazil (%) | 64.1 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Brunei (%) | 24.2 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Bulgaria (%) | 62.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Cambodia (%) | 60.0 2022 | yearly | 1993 - 2022 |
| Canada (%) | 54.1 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
| Chile (%) | 65.2 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| China (%) | 39.2 2023 | yearly | 1952 - 2023 |
| Colombia (%) | 74.5 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Croatia (%) | 49.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Cyprus (%) | 57.5 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Czech Republic (%) | 45.9 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Denmark (%) | 43.1 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Ecuador (%) | 63.1 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Egypt (%) | 86.8 Jun 2024 | quarterly | Sep 2001 - Jun 2024 |
| Estonia (%) | 52.3 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| European Union (%) | 52.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Finland (%) | 51.8 Jun 2024 | quarterly | Mar 1975 - Jun 2024 |
| France (%) | 54.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Georgia (%) | 71.2 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
| Germany (%) | 53.2 Jun 2024 | quarterly | Mar 1991 - Jun 2024 |
| Ghana (%) | 84.2 2023 | yearly | 2006 - 2023 |
| Greece (%) | 70.1 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Hong Kong SAR, China (%) | 64.9 Sep 2024 | quarterly | Mar 1973 - Sep 2024 |
| Hungary (%) | 50.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Iceland (%) | 51.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| India (%) | 62.0 Sep 2024 | quarterly | Jun 1996 - Sep 2024 |
| Indonesia (%) | 54.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Iran (%) | 45.2 Mar 2022 | quarterly | Jun 1988 - Mar 2022 |
| Ireland (%) | 31.9 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Israel (%) | 50.7 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Italy (%) | 58.6 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
| Ivory Coast (%) | 65.8 2023 | yearly | 1960 - 2023 |
| Japan (%) | 55.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Jordan (%) | 78.7 2023 | yearly | 1962 - 2023 |
| Kazakhstan (%) | 46.5 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 76.2 2023 | yearly | 1969 - 2023 |
| South Korea (%) | 47.6 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Kosovo (%) | 72.5 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Kuwait (%) | 32.5 2022 | yearly | 1962 - 2022 |
| Kyrgyzstan (%) | 84.8 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
| Laos (%) | 64.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 59.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Lebanon (%) | 118.8 2021 | yearly | 1990 - 2021 |
| Lithuania (%) | 60.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Luxembourg (%) | 31.2 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 28.9 Sep 2024 | quarterly | Mar 1998 - Sep 2024 |
| North Macedonia (%) | 67.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Malawi (%) | 79.2 2019 | yearly | 1960 - 2019 |
| Malaysia (%) | 62.7 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Malta (%) | 47.6 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
| Mauritius (%) | 59.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
| Mexico (%) | 70.0 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Moldova (%) | 82.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Mongolia (%) | 53.3 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Montenegro (%) | 77.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Morocco (%) | 56.7 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
| Mozambique (%) | 78.0 2023 | yearly | 1969 - 2022 |
| Nepal (%) | 86.1 2024 | yearly | 1975 - 2024 |
| Netherlands (%) | 44.2 Sep 2024 | quarterly | Mar 1977 - Sep 2024 |
| New Zealand (%) | 57.4 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
| Nigeria (%) | 61.2 2023 | yearly | 1981 - 2023 |
| Norway (%) | 39.7 Sep 2024 | quarterly | Mar 1978 - Sep 2024 |
| Oman (%) | 36.8 2023 | yearly | 1980 - 2023 |
| Pakistan (%) | 84.4 2024 | yearly | 1967 - 2024 |
| Palestinian Territory (%) | 98.6 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
| Panama (%) | 48.7 2022 | yearly | 1996 - 2022 |
| Paraguay (%) | 67.1 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
| Peru (%) | 62.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Philippines (%) | 78.6 Sep 2024 | quarterly | Mar 1981 - Sep 2024 |
| Poland (%) | 60.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Portugal (%) | 61.1 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Qatar (%) | 20.6 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 61.5 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Russia (%) | 50.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
| Saudi Arabia (%) | 40.2 Jun 2024 | quarterly | Mar 2003 - Jun 2024 |
| Serbia (%) | 66.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
| Singapore (%) | 31.3 2023 | yearly | 1960 - 2023 |
| Slovakia (%) | 61.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| Slovenia (%) | 52.0 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| South Africa (%) | 62.8 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
| Spain (%) | 56.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Sri Lanka (%) | 66.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
| Sudan (%) | 77.8 2016 | yearly | 1976 - 2016 |
| Sweden (%) | 46.5 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Switzerland (%) | 50.9 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Syria (%) | 114.8 2022 | yearly | 1970 - 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -5.1 2022 | yearly | 2010 - 2022 |
| Tax Revenue (USD mn) | 12,092.166 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Tax Revenue: % of GDP (%) | 11.6 2023 | yearly | 2010 - 2023 |
| National Government Debt (USD mn) | 142,876.9 2023 | yearly | 2010 - 2023 |
| Government Debt: % of GDP (%) | 33.5 2023 | yearly | 2010 - 2023 |
| Forecast: Government Expenditure (VND bn) | 3,619,434.484 2029 | yearly | 1998 - 2029 |
| Forecast: Government Net Debt (VND bn) | 5,339,190.350 2029 | yearly | 2000 - 2029 |
| Forecast: Government Revenue (VND bn) | 3,307,362.390 2029 | yearly | 1998 - 2029 |
| State Govt Budget: ytd: Expenditure: Current (VND bn) | 858,415.000 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| GD: Outstanding: External: VND (VND bn) | 960,418.980 2023 | yearly | 2002 - 2023 |
| GD: Outstanding: Domestic: VND (VND bn) | 2,467,627.300 2023 | yearly | 2010 - 2023 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 9.484 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 2,033.9 Oct 2024 | monthly | Jan 1996 - Oct 2024 |
| Total Exports (USD mn) | 35,634.5 Oct 2024 | monthly | Jan 1997 - Oct 2024 |
| Total Exports Growth (%) | 10.2 Oct 2024 | monthly | Jan 1998 - Oct 2024 |
| Aluminum: Exports (USD th) | 1,160,500.129 2023 | yearly | 1995 - 2023 |
| 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) | 33,600.6 Oct 2024 | monthly | Jan 1997 - Oct 2024 |
| Total Imports Growth (%) | 13.6 Oct 2024 | monthly | Jan 1998 - Oct 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) | 10,554.851 Oct 2024 | monthly | Jan 1990 - Oct 2024 |
| Total Imports from USA (USD mn) | 1,250.741 Oct 2024 | monthly | Jan 1990 - Oct 2024 |
| Total Exports to China (USD mn) | 5,434.256 Oct 2024 | monthly | Jan 2013 - Oct 2024 |
| Total Imports from China (USD mn) | 12,837.128 Nov 2024 | monthly | Jan 1991 - Nov 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: Japan (USD) | 1,467,599,017.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
| Exports: United States (USD) | 4,562,588,364.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
| Exports: Canada (USD) | 314,331,082.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
| Exports: ytd: Aqua Products (USD mn) | 8,249.672 Oct 2024 | monthly | Apr 1998 - Oct 2024 |
| Exports: ytd: Footwear (USD mn) | 18,574.453 Oct 2024 | monthly | Apr 1998 - Oct 2024 |
| Exports: ytd: Rice (USD mn) | 4,861.964 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
| Exports: ytd: Crude Oil (USD mn) | 1,532.043 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
| Exports: ytd: Textiles and Garments (USD mn) | 30,572.324 Oct 2024 | monthly | Apr 1998 - Oct 2024 |
| Imports: Australia (USD) | 388,919,219.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
| Imports: China (USD) | 6,536,188,277.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
| Imports: Singapore (USD) | 370,217,737.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
| Imports: Thailand (USD) | 1,010,176,779.000 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) | 12,273.197 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
| Imports: ytd: Computers, Electronic Product (USD mn) | 88,253.417 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
| Imports: ytd: Machinery and Spare Parts (USD mn) | 39,700.884 Oct 2024 | monthly | Jan 1998 - Oct 2024 |
| Imports: ytd: Steel Products (USD mn) | 10,477.325 Oct 2024 | monthly | Mar 2000 - Oct 2024 |
| Imports: ytd: Petroleum (USD mn) | 6,586.924 Oct 2024 | monthly | Mar 2000 - Oct 2024 |
| Import Value Index (2015=100) | 200.219 2021 | yearly | 1980 - 2021 |
| Export Value Index (2015=100) | 207.281 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 170.0 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Current Account Balance (USD mn) | 7,778.0 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Current Account Balance: % of GDP (%) | 6.6 2023 | yearly | 2010 - 2023 |
| Foreign Direct Investment (USD mn) | 5,170.0 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Foreign Direct Investment: % of GDP (%) | 4.3 2023 | yearly | 1985 - 2023 |
| Foreign Portfolio Investment (USD mn) | -836.000 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| 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) | 139,089.8 2023 | yearly | 2010 - 2023 |
| External Debt: % of GDP (%) | 32.7 2023 | yearly | 2010 - 2023 |
| External Debt: Short Term (USD mn) | 38,154.0 2022 | yearly | 1981 - 2022 |
| External Debt: Short Term: % of GDP (%) | 9.3 2022 | yearly | 1985 - 2022 |
| Forecast: Current Account Balance (USD bn) | 8.843 2029 | yearly | 1980 - 2029 |
| Government Debt: % of GDP (%) | 33.500 2023 | yearly | 2010 - 2023 |
| 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) | 591,051.206 Nov 2023 | monthly | Dec 2000 - Nov 2023 |
| M2 Growth (%) | 10.2 Nov 2023 | monthly | Dec 2001 - Nov 2023 |
| Reserve Requirement Ratio (%) | 3.0 Nov 2024 | monthly | Feb 2010 - Nov 2024 |
| Foreign Exchange Reserves (USD mn) | 85,801.6 Feb 2023 | monthly | Jan 1995 - Feb 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 3.000 Oct 2024 | monthly | Feb 2010 - Oct 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.4 Aug 2024 | monthly | Mar 1997 - Aug 2024 |
| Gold Reserves (USD mn) | 819.730 Aug 2024 | monthly | Jan 1995 - Aug 2024 |
| Domestic Credit (USD mn) | 548,147.2 Nov 2023 | monthly | Dec 1992 - Nov 2023 |
| Domestic Credit Growth (%) | 11.5 Nov 2023 | monthly | Dec 1993 - Nov 2023 |
| Total Loans (USD mn) | 614,517.220 Sep 2024 | monthly | Apr 2012 - Sep 2024 |
| Total Loans Growth (%) | 16.08 Sep 2024 | monthly | Apr 2013 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 128.68 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
| Foreign Reserves: Foreign Exchange (USD mn) | 82,877.750 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Foreign Reserves: Total Include Gold (USD mn) | 85,455.912 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Global Competitiveness Index (Score) | 61.543 2019 | yearly | 2017 - 2019 |
More Indicators for Vietnam
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National Accounts
GDP: by Expenditure: Current Price
GDP by Industry: Current Price: VSIC 2007: Annual
GDP: Deflator
GRDP by Industry: Hanoi: Current Price: VSIC 2007: Annual
Gross Domestic Product: By Expenditure: 1994 Price
Gross Domestic Product: By Expenditure: Current Price
Gross Domestic Product: By Industry: 2010 Price: Quarterly
Gross Domestic Product: By Industry: Current Price: Quarterly
Gross Domestic Product: By Industry: Current Price: VSIC 2007
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Hanoi: By Industry: 2010 Price: VSIC 2007
Gross Domestic Product: Hanoi: By Industry: Current Price: VSIC 2007
Gross Domestic Product: Ho Chi Minh City: 1994 Price: VSIC 1993
Gross Domestic Product: Ho Chi Minh City: Current Price: VSIC 2007
Gross Domestic Product: Index: PY=100: 2010 Price
Gross Domestic Product: Nominal
Gross Domestic Product: Real
GDP: by Expenditure: 2010 Price
GDP by Industry: 2010 Price: VSIC 2007: Annual
GDP: by Industry: VSIC 2007: Current Price: Quarterly: Year To Date
GRDP by Industry: Hanoi: 2010 Price: VSIC 2007: Annual
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: By Industry: 1994 Price: VSIC 2007
Gross Domestic Product: By Industry: 2010 Price: Quarterly: YoY ytd Growth
Gross Domestic Product: By Industry: Current Price: VSIC 1993
Gross Domestic Product: By Ownership
Gross Domestic Product: Hanoi: By Industry: 1994 Price: VSIC 2007
Gross Domestic Product: Hanoi: By Industry: 2010 Price: VSIC 2007: Quarterly
Gross Domestic Product: Hanoi: Quarterly
Gross Domestic Product: Ho Chi Minh City: 2010 Price: VSIC 2007
Gross Domestic Product: Ho Chi Minh City: Quarterly
Gross Domestic Product: Index: PY=100: VSIC 2007
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP