Viet Nam: Trade (% of GDP)
In , Viet Nam's Trade (% of GDP) was 173.86.
That's up 5.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Viet Nam ranks #9 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #3 of 24.
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 186.68
- Trough
- 113.98
- 1-year change
- +5.5%
- 5-year change
- +5.6%
- +1.1% / yr
- 10-year change
- +28.4%
- +2.5% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 173.8620 | |
| 164.8181 | |
| 183.1536 | |
| 186.6758 | |
| 163.2459 | |
| 164.7042 | |
| 164.6639 | |
| 160.9801 | |
| 145.4095 | |
| 144.9142 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Viet Nam's Trade (% of GDP) in 2024?
- In 2024, Viet Nam's Trade (% of GDP) was 173.86, according to World Bank Open Data.
- Is Viet Nam's Trade (% of GDP) rising or falling?
- Viet Nam's Trade (% of GDP) rose 5.5% from 2023 to 2024.
- How does Viet Nam rank globally on Trade (% of GDP)?
- In 2024, Viet Nam ranked #9 out of 160 countries reporting Trade (% of GDP).
- How does Viet Nam's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Viet Nam is above the world average. Within East Asia & Pacific, it ranks #3 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.