Service exports (BoP, current US$), annual growth rate in Vietnam
Vietnam: Service exports (BoP, current US$), annual growth rate was 23.46 % change on previous year in 2024. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Vietnam, 1997–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for service exports (bop, current us$), annual growth rate in Vietnam is 23.46 % change on previous year, measured in 2024.
Compared with earlier readings it is down 52.9% on the previous year and up 870.4% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Vietnam peaked at 221.28 % change on previous year in 2022 and was at its lowest, -54.32 % change on previous year, in 2020.
That places Vietnam 26th out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Vietnam, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1997 | 12.8 % change on previous year | — |
| 1998 | 3.4 % change on previous year | -73.4% |
| 1999 | -4.7 % change on previous year | -238.3% |
| 2000 | 8.38 % change on previous year | -278.3% |
| 2001 | 4 % change on previous year | -52.3% |
| 2002 | 4.91 % change on previous year | +22.9% |
| 2003 | 10.99 % change on previous year | +123.8% |
| 2004 | 18.18 % change on previous year | +65.5% |
| 2005 | 7.99 % change on previous year | -56.1% |
| 2006 | 22.13 % change on previous year | +176.9% |
| 2007 | 18.24 % change on previous year | -17.6% |
| 2008 | 16.19 % change on previous year | -11.2% |
| 2009 | -17.7 % change on previous year | -209.4% |
| 2010 | 29.38 % change on previous year | -266.0% |
| 2011 | 19.02 % change on previous year | -35.3% |
| 2012 | 8.35 % change on previous year | -56.1% |
| 2013 | 11.34 % change on previous year | +35.9% |
| 2014 | 2.42 % change on previous year | -78.7% |
| 2015 | 2.55 % change on previous year | +5.6% |
| 2016 | 11.11 % change on previous year | +335.3% |
| 2017 | 4.56 % change on previous year | -59.0% |
| 2018 | 13.16 % change on previous year | +188.7% |
| 2019 | 12.48 % change on previous year | -5.2% |
| 2020 | -54.32 % change on previous year | -535.1% |
| 2021 | -44.61 % change on previous year | -17.9% |
| 2022 | 221.28 % change on previous year | -596.1% |
| 2023 | 49.82 % change on previous year | -77.5% |
| 2024 | 23.46 % change on previous year | -52.9% |
Vietnam compared with similar countries
- Vietnam's 23.46 % change on previous year is above the median for upper middle income countries, which is 8.86 % change on previous year, 2.6× the median. (57 countries reporting)
- Vietnam's 23.46 % change on previous year is above the median for East Asia & Pacific, which is 10.87 % change on previous year, 2.2× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate in Vietnam changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +596.1% | -44.61 % change on previous year | 221.28 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.83 % change on previous year | -4.7 % change on previous year | 12.8 % change on previous year | 3 |
| 2000s | 9.33 % change on previous year | -17.7 % change on previous year | 22.13 % change on previous year | 10 |
| 2010s | 11.44 % change on previous year | 2.42 % change on previous year | 29.38 % change on previous year | 10 |
| 2020s | 39.13 % change on previous year | -54.32 % change on previous year | 221.28 % change on previous year | 5 |
Countries ranked near Vietnam
- 23 Paraguay 26.97 % change on previous year compare
- 24 Malaysia 25.15 % change on previous year compare
- 25 Gambia 23.65 % change on previous year compare
- 27 Kiribati 23.32 % change on previous year compare
- 28 Uganda 23 % change on previous year compare
- 29 Burundi 22.41 % change on previous year compare
More economy & growth data for Vietnam
- Foreign direct investment, net outflows (BoP, current US$), gaps 600.00 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5.94 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 20.17 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.03 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0423 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 199.73 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 3.01 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1663 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 842.34 includes gold, current US$ per person (2025)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Vietnam?
- Service exports (bop, current us$), annual growth rate in Vietnam was 23.46 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Vietnam?
- The highest recorded value was 221.28 % change on previous year in 2022.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Vietnam?
- The lowest recorded value was -54.32 % change on previous year in 2020.
- How does Vietnam rank for service exports (bop, current us$), annual growth rate?
- Vietnam ranks 26th out of 199 countries with data for 2024.
- Is service exports (bop, current us$), annual growth rate rising or falling in Vietnam?
- Over the last ten years it is up 870.4%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.