Trade in services as share of GDP in Viet Nam
Viet Nam: Trade in services as share of GDP was 12.7% in 2024. ▼ Falling
Trade in services as share of GDP in Viet Nam, 1996–2024
Source: International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for trade in services as share of gdp in Viet Nam is 12.7%, measured in 2024.
The figure is up 11.9% on the previous year and up 16.6% over ten years.
Over the whole period, trade in services as share of gdp in Viet Nam peaked at 21.2% in 1998 and was at its lowest, 6.6%, in 2021.
That places Viet Nam 146th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 29 years of available data.
Trade in services as share of GDP in Viet Nam, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1996 | 18.4% | — |
| 1997 | 21.2% | +14.8% |
| 1998 | 21.2% | +0.0% |
| 1999 | 19.3% | -8.9% |
| 2000 | 19.1% | -1.0% |
| 2001 | 18.9% | -0.8% |
| 2002 | 19.0% | +0.1% |
| 2003 | 18.5% | -2.3% |
| 2004 | 18.9% | +2.3% |
| 2005 | 15.0% | -20.8% |
| 2006 | 15.4% | +2.5% |
| 2007 | 16.6% | +7.6% |
| 2008 | 15.1% | -8.8% |
| 2009 | 13.2% | -12.8% |
| 2010 | 11.8% | -10.3% |
| 2011 | 12.0% | +1.8% |
| 2012 | 11.1% | -7.6% |
| 2013 | 11.5% | +3.4% |
| 2014 | 10.9% | -5.0% |
| 2015 | 11.4% | +4.4% |
| 2016 | 11.4% | -0.1% |
| 2017 | 10.7% | -5.8% |
| 2018 | 10.7% | +0.0% |
| 2019 | 10.7% | -0.7% |
| 2020 | 7.4% | -31.0% |
| 2021 | 6.6% | -10.6% |
| 2022 | 9.9% | +50.7% |
| 2023 | 11.4% | +14.9% |
| 2024 | 12.7% | +11.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.0% | 18.4% | 21.2% | 4 |
| 2000s | 17.0% | 13.2% | 19.1% | 10 |
| 2010s | 11.2% | 10.7% | 12.0% | 10 |
| 2020s | 9.6% | 6.6% | 12.7% | 5 |
Countries ranked near Viet Nam
More economy & growth data for Viet Nam
- Imports of goods and services (constant 2015 US$), annual growth rate 17.12 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.7954 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 4,029 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 3.11 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 6.51 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 8.05 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 2,907 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 14.72 million current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 3.78 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0934 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is trade in services as share of gdp in Viet Nam?
- Trade in services as share of gdp in Viet Nam was 12.7% in 2024, according to International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data.
- What is the highest trade in services as share of gdp recorded in Viet Nam?
- The highest recorded value was 21.2% in 1998.
- What is the lowest trade in services as share of gdp recorded in Viet Nam?
- The lowest recorded value was 6.6% in 2021.
- How does Viet Nam rank for trade in services as share of gdp?
- Viet Nam ranks 146th out of 198 countries with data for 2024.
- Is trade in services as share of gdp rising or falling in Viet Nam?
- Over the last ten years it is up 16.6%. The long-run trend across the full record is falling.
- Where does this Viet Nam data come from?
- The figures come from International Monetary Fund (IMF), OECD, and World Bank (2026) – processed by Our World in Data, published as part of Trade in services as share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total services trade (exports and imports) divided by gross domestic product (GDP).