Home/Countries/Viet Nam/Government Consumption (% of GDP)

Viet NamGovernment Consumption (% of GDP)

Category: EconomySource: World Bank World Development IndicatorsGlobal Rank: #159 of 176
Latest Value
8.9%
2024
YoY Change
+0.3%
20232024
Global Rank
#159
of 176 countries
Maximum
10.9%
2013
Minimum
5.5%
2005
CAGR
+1.4%
25 years
Last
8.9%
Previous
8.8%
Highest
10.9%
Lowest
5.5%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators

Historical Data

YearValueChange
20248.9%+0.3%
20238.8%+0.3%
20228.8%-8.0%
20219.6%+1.1%
20209.5%-1.0%
20199.6%-1.7%
20189.7%-3.8%
201710.1%-2.5%
201610.4%-2.4%
201510.7%+3.3%
201410.3%-5.5%
201310.9%+4.5%
201210.4%+4.7%
201110.0%-3.9%
201010.4%+79.7%
20095.8%+2.7%
20085.6%+1.3%
20075.6%+0.4%
20065.5%+1.2%
20055.5%-14.5%
20046.4%+1.1%
20036.3%+1.4%
20026.2%-1.5%
20016.3%-1.4%
20006.4%

Top Countries — Government Consumption (% of GDP)

#CountryValueYear
1Timor-Leste60.6%2024
2Kiribati55.9%2023
3Marshall Islands53.6%2024
4Greenland41.7%2023
5Palau41.6%2023
6Ukraine37.9%2024
7Lesotho35.6%2023
8Libya35.3%2024
9Virgin Islands (U.S.)34.4%2022
10Botswana32.1%2024
View all 176 countries →

About This Indicator

Definition

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Methodology

Data compiled by Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).

Source: World Bank - World Development IndicatorsView original source →