
Vietnam: Government spending, percent of GDP
* indicates monthly or quarterly data series
Vietnam |
Government spending as percent of GDP |
---|---|
Latest value | 8.93 |
Year | 2022 |
Measure | percent |
Data availability | 1995 - 2022 |
Average | 8.19 |
Min - Max | 5.47 - 10.92 |
Source | The World Bank |
The latest value from 2022 is 8.93 percent, a decline from 9.59 percent in 2021. In comparison, the world average is 16.41 percent, based on data from 155 countries. Historically, the average for Vietnam from 1995 to 2022 is 8.19 percent. The minimum value, 5.47 percent, was reached in 2005 while the maximum of 10.92 percent was recorded in 2013.
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* indicates monthly or quarterly data series
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The government size of Vietnam and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 8.93 | 2022 | percent |
Government spending, in dollars | 38.04 | 2023 | billion U.S. dollars |
Fiscal balance, percent of GDP | -3.41 | 2021 | percent |
Government debt | 37.40 | 2022 | percent |
Commercial tax rate | 37.60 | 2019 | percent |
Tax preparation time | 384 | 2019 | hours |
Number of taxes | 6 | 2019 | taxes |
Foreign aid | 48.92 | 2022 | million U.S. dollars |