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Vietnam Debt to GDP Ratio

Vietnam's government debt to GDP ratio fell to 32.9% in 2024 from 34.4% in 2023. This decrease reflects tighter fiscal discipline and improved debt management. Strong economic growth also expanded the GDP base, contributing to the reduction. Lower external borrowing further supported this downward trend. Vietnam's record low government debt to GDP was 25.4% in 2001 and record high was 47.9% in 2016.

Yearly Historical Data (2001-2024)

(in %)
Year Debt to GDP Ratio
2024 32.9%
2023 34.4%
2022 34.9%
2021 39.2%
2020 41.3%
2019 41%
2018 43.8%
2017 46.6%
2016 47.9%
2015 46.1%
2014 43.6%
2013 41.4%
2012 38.3%
2011 35.8%
2010 36.8%
2009 36.3%
2008 31%
2007 32.2%
2006 30.2%
2005 28.7%
2004 29.4%
2003 29.8%
2002 27.7%
2001 25.4%
Vietnam Debt to GDP Ratio : Definition
Vietnam's government debt to GDP shows its public debt relative to its economic output. It's calculated by dividing the total government debt by the GDP. A higher ratio suggests greater debt burden.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 6.1% 5.9% Dec'24
Interest Rate 4.5% 4.5% Jul'25
Private Credit (% GDP) 124.96% 124.28% 2022