Vietnam - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Vietnam was $7,715,277,000 as of 2020. Over the past 34 years, the value for this indicator has fluctuated between $8,231,687,000 in 2018 and ($13,525,430,000) in 2008.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1986 ($2,626,713,000)
1987 ($3,224,356,000)
1988 ($2,811,846,000)
1989 ($642,278,800)
1990 ($597,889,900)
1991 ($491,904,000)
1992 ($403,135,000)
1993 ($1,155,535,000)
1994 ($1,538,570,000)
1995 ($1,886,069,000)
1996 ($2,704,622,000)
1997 ($2,184,828,000)
1998 ($1,987,564,000)
1999 ($818,894,000)
2000 ($1,114,137,000)
2001 ($598,816,200)
2002 ($2,531,138,000)
2003 ($4,343,435,000)
2004 ($6,157,480,000)
2005 ($1,911,038,000)
2006 ($1,911,499,000)
2007 ($10,504,850,000)
2008 ($13,525,430,000)
2009 ($10,059,250,000)
2010 ($9,521,076,000)
2011 ($5,601,580,000)
2012 $5,458,853,000
2013 $3,695,049,000
2014 $6,098,212,000
2015 $1,528,697,000
2016 $5,258,354,000
2017 $6,270,964,000
2018 $8,231,687,000
2019 $5,477,513,000
2020 $7,715,277,000

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Vietnam was 179,059,000,000,000 as of 2020. As the graph below shows, over the past 34 years this indicator reached a maximum value of 186,053,000,000,000 in 2018 and a minimum value of -220,495,000,000,000 in 2008.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1986 -59,741,960,000
1987 -252,438,000,000
1988 -1,705,440,000,000
1989 -2,867,100,000,000
1990 -3,876,000,000,000
1991 -3,925,000,000,000
1992 -4,516,000,000,000
1993 -12,296,000,000,000
1994 -16,866,000,000,000
1995 -20,819,000,000,000
1996 -29,839,000,000,000
1997 -25,526,000,000,000
1998 -26,371,000,000,000
1999 -11,418,000,000,000
2000 -15,784,900,000,000
2001 -8,817,670,000,000
2002 -38,674,500,000,000
2003 -67,364,900,000,000
2004 -96,955,700,000,000
2005 -30,307,000,000,000
2006 -30,573,000,000,000
2007 -169,182,000,000,000
2008 -220,495,000,000,000
2009 -171,662,000,000,000
2010 -177,215,000,000,000
2011 -114,887,000,000,000
2012 113,697,000,000,000
2013 77,350,000,000,000
2014 128,965,000,000,000
2015 33,169,000,000,000
2016 115,342,000,000,000
2017 140,282,000,000,000
2018 186,053,000,000,000
2019 126,258,000,000,000
2020 179,059,000,000,000

External balance on goods and services (constant LCU)

The value for External balance on goods and services (constant LCU) in Vietnam was -317,045,000,000,000 as of 2020. As the graph below shows, over the past 10 years this indicator reached a maximum value of 31,050,000,000,000 in 2013 and a minimum value of -381,144,000,000,000 in 2019.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
2010 -177,215,000,000,000
2011 -80,563,000,000,000
2012 25,958,800,000,000
2013 31,050,000,000,000
2014 5,932,610,000,000
2015 -135,699,000,000,000
2016 -198,213,000,000,000
2017 -258,471,000,000,000
2018 -234,631,000,000,000
2019 -381,144,000,000,000
2020 -317,045,000,000,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Vietnam was 2.85 as of 2020. Its highest value over the past 34 years was 3.50 in 2012, while its lowest value was -13.64 in 2008.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1986 -9.97
1987 -8.80
1988 -11.06
1989 -10.21
1990 -9.24
1991 -5.12
1992 -4.09
1993 -8.77
1994 -9.45
1995 -9.10
1996 -10.97
1997 -8.14
1998 -7.30
1999 -2.85
2000 -3.57
2001 -1.83
2002 -7.22
2003 -10.98
2004 -13.55
2005 -3.32
2006 -2.88
2007 -13.57
2008 -13.64
2009 -9.49
2010 -8.21
2011 -4.13
2012 3.50
2013 2.16
2014 3.28
2015 0.79
2016 2.56
2017 2.80
2018 3.36
2019 2.09
2020 2.85

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts