Vietnam: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Vietnam |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -3.41 |
| Year | 2021 |
| Measure | percent |
| Data availability | 2000 - 2021 |
| Average | -1.63 |
| Min - Max | -5.67 - 1.96 |
| Source | Asian Development Bank |
The latest value from 2021 is -3.41 percent, a decline from -3.16 percent in 2020. In comparison, the world average is -3.96 percent, based on data from 175 countries. Historically, the average for Vietnam from 2000 to 2021 is -1.63 percent. The minimum value, -5.67 percent, was reached in 2013 while the maximum of 1.96 percent was recorded in 2006.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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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 |