Remittance inflows to GDP in Viet Nam
Viet Nam: Remittance inflows to GDP was 5.0% in 2020. β² Rising
Remittance inflows to GDP in Viet Nam, 2000β2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Viet Nam is 5.0%, measured in 2020.
That represents a change of down 2.6% on the previous year and down 10.7% over ten years.
Over the whole period, remittance inflows to gdp in Viet Nam peaked at 8.0% in 2007 and was at its lowest, 3.4%, in 2001.
That places Viet Nam 64th out of 196 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | 3.4% | 8.0% | 10 |
| 2010s | 5.3% | 5.0% | 5.6% | 10 |
| 2020s | 5.0% | 5.0% | 5.0% | 1 |
Countries ranked near Viet Nam
More financial sector data for Viet Nam
- Net domestic credit (current LCU), per capita 121.47 million current LCU per person (2022)
- Net domestic credit (current LCU), per unit of GDP 29,286 current LCU per US$ of GDP (2022)
- Net domestic credit (current LCU), annual growth rate 11.41 % change on previous year (2022)
- Gold reserves at 35 SDRs per ounce 0 SDR (2019)
- Gold reserves at market value 0 SDR (2019)
- Reserves excluding gold, foreign exchange 61.06 billion SDR (2025)
- Reserves excluding gold 62.49 billion SDR (2025)
- Total reserves (gold at market value) 62.49 billion SDR (2025)
- Total reserves (gold at national valuation) 63.49 billion SDR (2025)
- Domestic credit to private sector by banks 125.0% (2022)
Frequently asked questions
- What is remittance inflows to gdp in Viet Nam?
- Remittance inflows to gdp in Viet Nam was 5.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Viet Nam?
- The highest recorded value was 8.0% in 2007.
- What is the lowest remittance inflows to gdp recorded in Viet Nam?
- The lowest recorded value was 3.4% in 2001.
- How does Viet Nam rank for remittance inflows to gdp?
- Viet Nam ranks 64th out of 196 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Viet Nam?
- Over the last ten years it is down 10.7%. The long-run trend across the full record is rising.
- Where does this Viet Nam data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.