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 December of 2020.

Current Account to GDP in Vietnam is expected to reach -0.50 percent by the end of 2020, 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 2021 and 1.50 percent in 2022, 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 Yearly

Vietnam Trade Last Previous Highest Lowest Unit
Balance of Trade 0.55 2.94 4.98 -3.89 USD Billion [+]
Current Account 8368.00 -323.00 9471.00 -10823.00 USD Million [+]
Current Account to GDP 5.00 2.40 6.00 -12.70 percent [+]
Imports 27.50 24.69 27.50 0.74 USD Billion [+]
Exports 26.50 25.24 27.26 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 20.00 17.20 20.38 0.40 USD Billion [+]
Capital Flows 309.00 1241.00 10710.00 -5250.00 USD Million [+]
Crude Oil Production 182.00 188.00 415.00 125.00 BBL/D/1K [+]
Tourist Arrivals 16.28 17.72 1994.10 8.80 Thousand [+]
Terrorism Index 0.42 1.00 1.00 0.00 [+]


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.