Vietnam recorded a Current Account surplus of 5 percent of the country's Gross Domestic Product in 2019. source: The State Bank of Vietnam

Current Account to GDP in Vietnam averaged -2.59 percent from 1980 until 2019, reaching an all time high of 6 percent in 2012 and a record low of -12.70 percent in 1995. This page provides - Vietnam Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Vietnam Current Account to GDP - values, historical data and charts - was last updated on September of 2021.

Current Account to GDP in Vietnam is expected to reach 1.50 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam Current Account to GDP is projected to trend around 1.00 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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Vietnam Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
5.00 2.40 6.00 -12.70 1980 - 2019 percent of GDP Yearly

Vietnam Trade Last Previous Highest Lowest Unit
Balance of Trade -1.30 -1.25 4.99 -3.89 USD Billion [+]
Current Account 350.00 1698.00 9471.00 -10823.00 USD Million [+]
Current Account to GDP 5.00 2.40 6.00 -12.70 percent of GDP [+]
Imports 27.50 29.11 29.11 0.74 USD Billion [+]
Exports 26.20 27.86 29.65 0.54 USD Billion [+]
External Debt 108118.10 112114.00 112114.00 10345.00 USD Million [+]
Terms of Trade 101.50 101.89 109.77 94.81 points [+]
Foreign Direct Investment 11.58 10.50 20.38 0.40 USD Billion [+]
Capital Flows 5284.00 5297.00 10889.00 -5076.00 USD Million [+]
Crude Oil Production 184.00 188.00 415.00 113.00 BBL/D/1K [+]
Terrorism Index 0.42 1.00 1.00 0.00 [+]
Tourist Arrivals 9.30 7.47 1994.10 7.20 Thousand [+]

Vietnam Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.