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:

Vietnam Private Consumption: % of GDP

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 (%) 73.7 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) 50.6 Jun 2024 quarterly Sep 1959 - Jun 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 (%) 51.4 Jun 2024 quarterly Mar 1980 - Jun 2024
Bolivia (%) 71.8 Mar 2024 quarterly Mar 1990 - Mar 2024
Bosnia and Herzegovina (%) 62.8 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) 42.8 Jun 2024 quarterly Mar 2006 - Jun 2024
Brazil (%) 63.0 Jun 2024 quarterly Mar 1996 - Jun 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 (%) 57.7 Jun 2024 quarterly Mar 1961 - Jun 2024
Chile (%) 65.2 Sep 2022 quarterly Mar 1996 - Sep 2022
China (%) 39.2 2023 yearly 1952 - 2023
Colombia (%) 74.5 Mar 2024 quarterly Mar 2005 - Mar 2024
Croatia (%) 58.5 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) 57.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Czech Republic (%) 45.9 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 45.2 Jun 2024 quarterly Mar 1990 - Jun 2024
Ecuador (%) 63.1 Mar 2023 quarterly Mar 1991 - Mar 2023
Egypt (%) 86.8 Jun 2024 quarterly Sep 2001 - Jun 2024
Estonia (%) 53.5 Jun 2024 quarterly Mar 1993 - Jun 2024
European Union (%) 52.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Finland (%) 51.8 Jun 2024 quarterly Mar 1975 - Jun 2024
France (%) 55.0 Sep 2024 quarterly Mar 1980 - Sep 2024
Georgia (%) 73.7 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 (%) 71.7 Jun 2024 quarterly Mar 1973 - Jun 2024
Hungary (%) 50.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Iceland (%) 51.0 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) 60.4 Jun 2024 quarterly Jun 1996 - Jun 2024
Indonesia (%) 55.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Iran (%) 45.2 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (%) 31.9 Jun 2024 quarterly Mar 1995 - Jun 2024
Israel (%) 48.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Italy (%) 58.6 Dec 2022 quarterly Mar 1980 - Dec 2022
Ivory Coast (%) 65.8 2023 yearly 1960 - 2023
Japan (%) 54.2 Jun 2024 quarterly Mar 1980 - Jun 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 (%) 29.1 Jun 2024 quarterly Mar 1998 - Jun 2024
North Macedonia (%) 67.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (%) 79.2 2019 yearly 1960 - 2019
Malaysia (%) 59.6 Jun 2024 quarterly Mar 1991 - Jun 2024
Malta (%) 45.0 Jun 2024 quarterly Mar 1992 - Jun 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 (%) 48.4 Jun 2024 quarterly Mar 2010 - Jun 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 (%) 42.4 Jun 2024 quarterly Mar 1977 - Jun 2024
New Zealand (%) 57.4 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 61.2 2023 yearly 1981 - 2023
Norway (%) 39.4 Jun 2024 quarterly Mar 1978 - Jun 2024
Oman (%) 34.3 2022 yearly 1980 - 2022
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 (%) 65.7 Jun 2024 quarterly Mar 1980 - Jun 2024
Philippines (%) 72.5 Jun 2024 quarterly Mar 1981 - Jun 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 (%) 50.5 Jun 2024 quarterly Mar 1995 - Jun 2024
South Africa (%) 62.8 Jun 2024 quarterly Mar 1960 - Jun 2024
Spain (%) 55.1 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 (%) 44.9 Jun 2024 quarterly Mar 1980 - Jun 2024
Switzerland (%) 50.3 Jun 2024 quarterly Mar 1980 - Jun 2024
Syria (%) 114.8 2022 yearly 1970 - 2022

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Vietnam Key Series

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 excl Principal Payment (VND bn) 1,256,264.000 Sep 2024 quarterly Dec 2004 - Sep 2024
State Govt Budget: ytd: Revenue: Tax: Special Consumption Tax (VND bn) 75,611.000 Sep 2024 quarterly Dec 2004 - Sep 2024
State Govt Budget: ytd: Revenue (VND bn) 1,448,240.400 Sep 2024 quarterly Dec 2004 - Sep 2024
State Govt Budget: ytd: Revenue: Tax: Value Added Tax (VND bn) 343,626.100 Sep 2024 quarterly Dec 2004 - Sep 2024
State Govt Budget: ytd: Expenditure: Current (VND bn) 858,415.000 Sep 2024 quarterly Dec 2004 - Sep 2024
GD: Outstanding: Domestic: VND (VND bn) 2,467,627.300 2023 yearly 2010 - 2023
GD: Outstanding: External: VND (VND bn) 960,418.980 2023 yearly 2002 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 9.484 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,319.2 Sep 2024 monthly Jan 1996 - Sep 2024
Total Exports (USD mn) 34,077.6 Sep 2024 monthly Jan 1997 - Sep 2024
Total Exports Growth (%) 10.8 Sep 2024 monthly Jan 1998 - Sep 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) 31,758.5 Sep 2024 monthly Jan 1997 - Sep 2024
Total Imports Growth (%) 11.1 Sep 2024 monthly Jan 1998 - Sep 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) 6,096.729 Sep 2024 monthly Jan 2013 - Sep 2024
Total Imports from China (USD mn) 12,728.192 Oct 2024 monthly Jan 1991 - Oct 2024
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: China (USD) 2,888,701,593.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: Canada (USD) 314,331,082.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: Australia (USD) 293,830,219.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: ytd: Crude Oil (USD mn) 1,471.725 Sep 2024 monthly Dec 1999 - Sep 2024
Exports: ytd: Footwear (USD mn) 16,537.915 Sep 2024 monthly Apr 1998 - Sep 2024
Exports: ytd: Aqua Products (USD mn) 7,228.923 Sep 2024 monthly Apr 1998 - Sep 2024
Exports: ytd: Textiles and Garments (USD mn) 27,344.646 Sep 2024 monthly Apr 1998 - Sep 2024
Exports: ytd: Rice (USD mn) 4,353.319 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: China (USD) 6,536,188,277.000 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: 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: ytd: Machinery and Spare Parts (USD mn) 35,418.976 Sep 2024 monthly Jan 1998 - Sep 2024
Imports: ytd: Petroleum (USD mn) 5,933.421 Sep 2024 monthly Mar 2000 - Sep 2024
Imports: ytd: Garments (USD mn) 10,949.021 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: ytd: Computers, Electronic Product (USD mn) 79,115.831 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: ytd: Steel Products (USD mn) 8,972.198 Sep 2024 monthly Mar 2000 - Sep 2024
Export Value Index (2015=100) 207.281 2021 yearly 1980 - 2021
Import Value Index (2015=100) 200.219 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 120.0 Jun 2024 quarterly Dec 2005 - Jun 2024
Current Account Balance (USD mn) 4,510.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Current Account Balance: % of GDP (%) 6.6 2023 yearly 2010 - 2023
Foreign Direct Investment (USD mn) 4,970.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Foreign Direct Investment: % of GDP (%) 4.3 2023 yearly 1985 - 2023
Foreign Portfolio Investment (USD mn) -1,614.000 Jun 2024 quarterly Dec 2005 - Jun 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 Oct 2024 monthly Feb 2010 - Oct 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 Jul 2024 monthly Mar 1997 - Jul 2024
Gold Reserves (USD mn) 766.890 Jul 2024 monthly Jan 1995 - Jul 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) 601,117.974 Aug 2024 monthly Apr 2012 - Aug 2024
Total Loans Growth (%) 15.67 Aug 2024 monthly Apr 2013 - Aug 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

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