Vietnam’s fiscal performance reflects its rapid economic development and external pressures. The 2000s saw moderate deficits, averaging -1.6%, but the 2009 global financial crisis widened the deficit to -4.8%. Subsequent recovery efforts stabilized the deficit around -1% by 2019.
The COVID-19 pandemic caused a temporary rise to -2.9% in 2020. Projections for 2029 suggest stabilization at -2.5%, reflecting steady growth and fiscal discipline as Vietnam continues its development trajectory.
The COVID-19 pandemic caused a temporary rise to -2.9% in 2020. Projections for 2029 suggest stabilization at -2.5%, reflecting steady growth and fiscal discipline as Vietnam continues its development trajectory.
For additional information, visit statistics on Vietnam’s fertility rate trends, Vietnam’s manufacturing sector share in GDP, Vietnam’s government debt ratio.
