Vietnam: Government debt

* indicates monthly or quarterly data series

Government debt as percent of GDP

 Latest value 43.1
 Year 2021
 Measure percent
 Data availability 2010 - 2021
 Average 56.08
 Min - Max 43.1 - 63.7
 Source The Ministry of Finance of Vietnam
For that indicator, we provide data for Vietnam from 2010 to 2021. The average value for Vietnam during that period was 56.08 percent with a minimum of 43.1 percent in 2021 and a maximum of 63.7 percent in 2016. The latest value from 2021 is 43.1 percent. For comparison, the world average in 2021 based on 172 countries is 64.08 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Vietnam - Government debt - recent values

Historical chart
Vietnam - Government debt - historical chart - 2010-2021

The government debt in Vietnam and other countries is calculated as the total amount owed by the national government to domestic and international lenders. It is reported as percent of GDP so that we can evaluate its magnitude relative to the size of the economy.

Government debt of about 60 percent or less of GDP is not considered a problem. The government can make payments without strain and even has some room to borrow more. If debt levels reach 80-90 percent that may have negative effects on the economy. Debt above 120 percent of GDP is quite detrimental.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 8.98 2022 percent
 Government spending, in dollars 36.73 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -3.41 2021 percent
 Government debt 43.10 2021 percent
 Commercial tax rate 37.60 2019 percent
 Tax preparation time 384 2019 hours
 Number of taxes 6 2019 taxes
 Foreign aid 516.07 2021 million U.S. dollars
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