Vietnam current account to gdp

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Vietnam current account to gdp: 0.2 (-166.67%)
Last Update: December 31, 2023

Vietnam current account to gdp closed down 0.2 as of December 31, 2023 from -0.3 from the previous month and 0.2 from last year.


Vietnam current account to gdp Analytics & Data




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Vietnam current account to gdp closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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Vietnam current account to gdp

DateValues
2023-12-31 0.2
2022-12-31 -0.3
2021-12-31 -2.1
2020-12-31 4.4
2019-12-31 3.8
2018-12-31 2.4
2017-12-31 2.9
2016-12-31 3
2015-12-31 0.5
2014-12-31 5.1
2013-12-31 4.5
2012-12-31 6
2011-12-31 0.2
2010-12-31 -3.8
2009-12-31 -6.5
2008-12-31 -11
2007-12-31 -9
2006-12-31 -0.2
2005-12-31 -1
2004-12-31 -3.2
2003-12-31 -4.9
2002-12-31 -1.8
2001-12-31 2.8
2000-12-31 2.7

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Vietnam current account to gdp Statistics


IndicatorSymbolActualPreviousM/M%Y/Y%TrendSlopePercentileUpdate
current account to gdpvn.currentaccountgdp0.2-0.3-1670DownDown02023-12-31

Vietnam current account to gdp Factors

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Vietnam current account to gdp Historical Data

The MacroVar database offers free access to historical data for the Vietnam current account to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Vietnam current account to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Vietnam current account to gdp

Vietnam's current account to GDP ratio is a measure of the country's trade balance in relation to its overall economic output. A positive current account to GDP ratio indicates that the country is exporting more than it is importing, leading to a surplus in its balance of trade. This can be a sign of a strong and competitive economy, as it shows that the country is able to produce goods and services that are in demand internationally. On the other hand, a negative current account to GDP ratio suggests that the country is importing more than it is exporting, leading to a trade deficit. This could indicate that the country is relying heavily on imports and may have a less competitive economy. Vietnam's current account to GDP ratio is influenced by factors such as global demand for its exports, exchange rates, and domestic economic policies.

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