Service exports in Vietnam
Vietnam: Service exports was 25.02 billion BoP, current US$ in 2024. ◆ Volatile
Service exports in Vietnam, 1996–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, service exports in Vietnam stood at 25.02 billion BoP, current US$. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 23.5% on the previous year and up 128.1% over ten years.
Over the whole period, service exports in Vietnam peaked at 25.02 billion BoP, current US$ in 2024 and was at its lowest, 2.24 billion BoP, current US$, in 1996.
Vietnam ranks 47th of 200 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports in Vietnam, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1996 | 2.24 billion BoP, current US$ | — |
| 1997 | 2.53 billion BoP, current US$ | +12.8% |
| 1998 | 2.62 billion BoP, current US$ | +3.4% |
| 1999 | 2.49 billion BoP, current US$ | -4.7% |
| 2000 | 2.70 billion BoP, current US$ | +8.4% |
| 2001 | 2.81 billion BoP, current US$ | +4.0% |
| 2002 | 2.95 billion BoP, current US$ | +4.9% |
| 2003 | 3.27 billion BoP, current US$ | +11.0% |
| 2004 | 3.87 billion BoP, current US$ | +18.2% |
| 2005 | 4.18 billion BoP, current US$ | +8.0% |
| 2006 | 5.10 billion BoP, current US$ | +22.1% |
| 2007 | 6.03 billion BoP, current US$ | +18.2% |
| 2008 | 7.01 billion BoP, current US$ | +16.2% |
| 2009 | 5.77 billion BoP, current US$ | -17.7% |
| 2010 | 7.46 billion BoP, current US$ | +29.4% |
| 2011 | 8.88 billion BoP, current US$ | +19.0% |
| 2012 | 9.62 billion BoP, current US$ | +8.3% |
| 2013 | 10.71 billion BoP, current US$ | +11.3% |
| 2014 | 10.97 billion BoP, current US$ | +2.4% |
| 2015 | 11.25 billion BoP, current US$ | +2.6% |
| 2016 | 12.50 billion BoP, current US$ | +11.1% |
| 2017 | 13.07 billion BoP, current US$ | +4.6% |
| 2018 | 14.79 billion BoP, current US$ | +13.2% |
| 2019 | 16.64 billion BoP, current US$ | +12.5% |
| 2020 | 7.60 billion BoP, current US$ | -54.3% |
| 2021 | 4.21 billion BoP, current US$ | -44.6% |
| 2022 | 13.53 billion BoP, current US$ | +221.3% |
| 2023 | 20.27 billion BoP, current US$ | +49.8% |
| 2024 | 25.02 billion BoP, current US$ | +23.5% |
Vietnam compared with similar countries
- Vietnam's 25.02 billion BoP, current US$ is above the median for upper middle income countries, which is 4.91 billion BoP, current US$, 5.1× the median. (57 countries reporting)
- Vietnam's 25.02 billion BoP, current US$ is above the median for East Asia & Pacific, which is 1.73 billion BoP, current US$, 14.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service exports in Vietnam changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +221.3% | 4.21 billion BoP, current US$ | 13.53 billion BoP, current US$ |
| 2020 | -54.3% | 16.64 billion BoP, current US$ | 7.60 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.47 billion BoP, current US$ | 2.24 billion BoP, current US$ | 2.62 billion BoP, current US$ | 4 |
| 2000s | 4.37 billion BoP, current US$ | 2.70 billion BoP, current US$ | 7.01 billion BoP, current US$ | 10 |
| 2010s | 11.59 billion BoP, current US$ | 7.46 billion BoP, current US$ | 16.64 billion BoP, current US$ | 10 |
| 2020s | 14.12 billion BoP, current US$ | 4.21 billion BoP, current US$ | 25.02 billion BoP, current US$ | 5 |
Countries ranked near Vietnam
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 in Vietnam?
- Service exports in Vietnam was 25.02 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Vietnam?
- The highest recorded value was 25.02 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Vietnam?
- The lowest recorded value was 2.24 billion BoP, current US$ in 1996.
- How does Vietnam rank for service exports?
- Vietnam ranks 47th out of 200 countries with data for 2024.
- Is service exports rising or falling in Vietnam?
- Over the last ten years it is up 128.1%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.