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Economy of Netherlands vs Vietnam compared: GDP & Debt

Updated on by Georank team

The Netherlands has a GDP of $1.21T compared to $476B for Vietnam, ranking 19/197 and 33/197 by economy size, respectively.

The Netherlands has $532B in government debt (43.8% of GDP), compared to $149B (31.3% of GDP) in Vietnam.

Netherlands vs Vietnam GDP by year

Netherlands
Vietnam
1x
Year GDP, current $
Netherlands Vietnam
2024 $1,214,927,698,573 $476,388,230,307
2023 $1,135,475,867,551 $433,857,681,378
2022 $1,046,540,797,549 $413,445,230,669
2021 $1,054,472,123,450 $366,474,752,771
2020 $932,560,861,701 $346,615,738,538
2019 $928,903,005,576 $334,365,270,497
2018 $929,733,599,797 $310,106,478,395
2017 $848,233,537,846 $281,353,605,987
2016 $797,163,949,290 $257,096,001,178
2015 $775,743,675,303 $239,258,328,382
2014 $901,556,501,756 $233,451,469,643
2013 $883,951,539,007 $213,708,811,665
2012 $845,689,017,066 $195,590,661,129
2011 $913,140,741,333 $172,595,049,184
2010 $852,464,982,433 $147,201,173,197
2009 $878,954,223,140 $106,014,659,565
2008 $957,901,566,041 $99,130,304,099
2007 $853,499,460,873 $77,414,425,532
2006 $737,593,995,289 $66,371,664,817
2005 $688,133,699,636 $57,633,255,738
2004 $661,224,886,143 $45,427,854,693
2003 $582,435,617,082 $39,552,513,232
2002 $475,529,972,123 $35,064,105,501
2001 $432,536,219,669 $32,685,198,809
2000 $417,649,282,154 $31,172,518,403
1999 $447,778,514,140 $28,683,659,007
1998 $438,612,530,549 $27,209,602,050
1997 $417,506,211,882 $26,843,700,442
1996 $451,372,549,020 $24,657,470,575
1995 $452,967,334,614 $20,736,164,459
1994 $379,688,232,232 $16,286,433,533
1993 $354,070,495,966 $13,180,953,598
1992 $363,497,050,125 $9,866,990,236
1991 $327,982,316,124 $9,613,369,520
1990 $318,799,003,994 $6,471,740,806
1989 $258,716,904,292 $6,293,304,975
1988 $262,295,966,105 $25,423,812,649
1987 $245,406,949,521 $36,658,108,850
1986 $201,157,708,221 $26,336,616,250
1985 $144,057,523,222 $14,094,687,821
1984 $144,124,462,912 -
1983 $153,671,294,109 -
1982 $158,712,765,536 -
1981 $164,375,775,854 -
1980 $195,439,301,707 -
1979 $179,933,827,310 -
1978 $156,089,077,205 -
1977 $127,203,923,857 -
1976 $109,329,386,564 -
1975 $100,397,061,694 -
1974 $87,371,810,804 -
1973 $71,946,639,603 -
1972 $54,787,070,173 -
1971 $44,644,730,576 -
1970 $38,220,884,519 -
1969 $34,086,038,090 -
1968 $30,097,635,751 -
1967 $27,143,828,099 -
1966 $24,741,480,717 -
1965 $22,721,869,808 -
1964 $20,232,048,553 -
1963 $17,193,744,109 -
1962 $15,847,582,341 -
1961 $14,599,836,396 -
1960 $13,282,979,015 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/vietnam | CC BY

GDP per capita in Netherlands vs Vietnam by year

Netherlands
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Netherlands Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $67,520 $86,174 $4,717 $16,386
2023 $63,516 $81,729 $4,323 $15,034
2022 $59,123 $78,630 $4,148 $13,905
2021 $60,142 $68,574 $3,704 $12,049
2020 $53,468 $62,597 $3,534 $11,609
2019 $53,555 $62,345 $3,441 $11,029
2018 $53,955 $58,819 $3,222 $10,010
2017 $49,514 $56,038 $2,956 $9,170
2016 $46,809 $53,162 $2,735 $8,375
2015 $45,794 $50,957 $2,578 $7,672
2014 $53,457 $49,751 $2,546 $7,297
2013 $52,602 $49,622 $2,360 $6,758
2012 $50,474 $47,653 $2,185 $6,377
2011 $54,702 $47,004 $1,951 $5,786
2010 $51,306 $45,301 $1,683 $5,389
2009 $53,172 $44,959 $1,226 $5,061
2008 $58,247 $46,714 $1,164 $4,844
2007 $52,101 $44,203 $926 $4,581
2006 $45,124 $41,208 $808 $4,237
2005 $42,165 $37,778 $711 $3,894
2004 $40,611 $35,961 $565 $3,543
2003 $35,897 $34,286 $497 $3,240
2002 $29,447 $34,568 $445 $3,002
2001 $26,956 $33,259 $419 $2,809
2000 $26,225 $31,895 $404 $2,614
1999 $28,319 $29,316 $376 $2,421
1998 $27,924 $27,749 $361 $2,308
1997 $26,745 $26,062 $362 $2,189
1996 $29,064 $24,564 $337 $2,019
1995 $29,301 $23,480 $287.8 $1,841
1994 $24,683 $22,414 $229.9 $1,674
1993 $23,156 $21,443 $189.4 $1,534
1992 $23,939 $20,831 $144.5 $1,413
1991 $21,764 $20,177 $143.7 $1,298
1990 $21,322 $19,203 $98.8 $1,210
1989 $17,423 - $98.1 -
1988 $17,771 - $405 -
1987 $16,734 - $595 -
1986 $13,804 - $436 -
1985 $9,941 - $238.6 -
1984 $9,992 - - -
1983 $10,696 - - -
1982 $11,089 - - -
1981 $11,537 - - -
1980 $13,812 - - -
1979 $12,817 - - -
1978 $11,196 - - -
1977 $9,180 - - -
1976 $7,937 - - -
1975 $7,346 - - -
1974 $6,450 - - -
1973 $5,353 - - -
1972 $4,110 - - -
1971 $3,384 - - -
1970 $2,931 - - -
1969 $2,647 - - -
1968 $2,364 - - -
1967 $2,155 - - -
1966 $1,986 - - -
1965 $1,848 - - -
1964 $1,668 - - -
1963 $1,437 - - -
1962 $1,342 - - -
1961 $1,254 - - -
1960 $1,156 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/vietnam | CC BY

The Netherlands' GDP per capita is $67,520, ranking 13/197, compared to $4,717 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), the Netherlands ranks 11th at $86,174, while Vietnam ranks 108th at $16,386.

Economic indicators

Netherlands Vietnam
Gross domestic product
$1.21T
2024
$476B
2024
GDP rank
19/197
2024
33/197
2024
GDP growth
1.08%
2023-2024
7.09%
2023-2024
GDP per capita
$67,520
2024
$4,717
2024
GDP per capita rank
13/197
2024
122/197
2024
GDP per capita, PPP
$86,174
2024
$16,386
2024
GDP per capita PPP rank
11/197
2024
108/197
2024
Government debt
$532B
2024
$149B
2024
Debt-to-GDP ratio
43.8%
2024
31.3%
2024
Government debt per person
$29,571
2024
$1,475
2024
Government debt per person rank
24/185
2024
132/185
2024
Average annual personal income after taxes
$47,815
2026
$4,020
2026
Market capitalization of domestic companies
$1.1T
2017
$205B
2024
Number of millionaires
1,267,000
2025
n/a
Number of billionaires
13
2025
5
2025
Income share by richest 10%
21.4%
2021
28.1%
2022
Income share by poorest 10%
3.6%
2021
2.6%
2022
Government expenditure, % of GDP
44.4%
2024
19.1%
2024
Consumer prices inflation
3.35%
2023-2024
3.6%
2023-2024
Central bank interest rate n/a
4.5%
2023
Unemployment rate
3.64%
2024
1.53%
2024
Population
18252623
102365351

Spending and national debt comparison by year

Netherlands
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Netherlands Vietnam
Government spending Government debt Government spending Government debt
2024 44.4% 43.8% 19.1% 31.3%
2023 44% 45.9% 18.8% 34.3%
2022 43.3% 48.4% 18.2% 34.9%
2021 45.9% 50.5% 20.1% 39.2%
2020 47.8% 53.4% 21.3% 41.3%
2019 42.1% 47.7% 19.8% 41%
2018 42.4% 51.6% 20.5% 43.8%
2017 42.8% 56% 21.5% 46.6%
2016 43.9% 60.9% 22.2% 47.9%
2015 45.3% 63.8% 24.2% 46.1%
2014 46.7% 67.2% 22.8% 43.6%
2013 47.5% 67.2% 24.5% 41.4%
2012 47.6% 65.7% 23.5% 38.3%
2011 47.8% 61.2% 21.2% 36.2%
2010 48.9% 58.9% 23.7% 37.3%
2009 48.4% 56.3% 25% 36.2%
2008 44.3% 54.4% 21.4% 31%
2007 43.3% 42.7% 22.3% 32.2%
2006 44% 45% 20.5% 30.2%
2005 43.4% 49.6% 20.6% 28.7%
2004 44.7% 50.1% 19.4% 29.4%
2003 45.8% 49.8% 22.2% 29.8%
2002 44.8% 48.7% 19.7% 27.7%
2001 44.1% 49.4% 19.2% 25.4%
2000 43.2% 52.2% 17.8% 24.8%
1999 44.3% 58.6% 16.7% -
1998 44.6% 62.7% 16% -
1997 45.7% 65.7% - -
1996 47.3% 71.2% - -
1995 53.9% 73% - -
1994 49.4% 73.5% - -
1993 50.9% 76.7% - -
1992 50.2% 75.6% - -
1991 49.6% 74.8% - -
1990 48.8% 75% - -
1989 54.5% 73.7% - -
1988 56.4% 73.7% - -
1987 58.5% 71.3% - -
1986 57% 68.9% - -
1985 57.3% 67.1% - -
1984 58.1% 61.9% - -
1983 59.1% 58.4% - -
1982 59.1% 52.4% - -
1981 56.8% 46.9% - -
1980 55.2% 43.6% - -
1979 53.7% 39.5% - -
1978 52.3% 38.1% - -
1977 50.6% 34.9% - -
1976 50.8% 35.2% - -
1975 50.8% 36.1% - -
1974 46.4% 36.3% - -
1973 44.6% 38.1% - -
1972 44.9% 41.3% - -
1971 44.6% 43.7% - -
1970 43.2% 46.1% - -
1969 42.1% 48.2% - -
1968 25.4% 54.4% - -
1967 24.1% 55% - -
1966 24.4% 55.6% - -
1965 23.4% 55.8% - -
1964 22.3% 57.1% - -
1963 21.9% 61.7% - -
1962 22.1% 63.8% - -
1961 22.2% 65.9% - -
1960 20.4% 66.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/vietnam | CC BY

In 2024, the Netherlands' government spending was $540B, accounting for 44.4% of its GDP, while Vietnam spent $91.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 43.8% in the Netherlands and 31.3% in Vietnam, ranking 123/185 and 156/185, respectively.

Government deficit by year

Deficit/surplus
Netherlands

Vietnam
1x
Year Deficit/surplus, % of GDP
Netherlands Vietnam
2024 -0.94% -1.54%
2023 -0.37% -1.72%
2022 0.002% 0.67%
2021 -2.26% -1.43%
2020 -3.72% -2.86%
2019 1.91% -0.4%
2018 1.49% -1.02%
2017 1.35% -1.96%
2016 0.23% -3.16%
2015 -1.84% -4.98%
2014 -2.17% -5.02%
2013 -2.87% -5.96%
2012 -3.83% -5.46%
2011 -4.42% -0.9%
2010 -5.3% -2.25%
2009 -5.06% -4.82%
2008 -0.06% -0.45%
2007 -0.16% -1.74%
2006 0.04% 0.2%
2005 -0.51% -0.95%
2004 -1.82% -0.15%
2003 -3.19% -2.56%
2002 -2.23% -1.85%
2001 -0.47% -2.19%
2000 1.14% -1.61%
1999 0.28% -1.25%
1998 -1.34% -0.1%
1997 -1.6% -
1996 -1.91% -
1995 -8.72% -
1994 -3.53% -
1993 -3.13% -
1992 -3.12% -
1991 -2.05% -
1990 -4.08% -
1989 -5% -
1988 -4.23% -
1987 -5.39% -
1986 -4.62% -
1985 -3.6% -
1984 -5.25% -
1983 -5.47% -
1982 -6.17% -
1981 -4.92% -
1980 -3.95% -
1979 -2.46% -
1978 -2.09% -
1977 -0.75% -
1976 -2.02% -
1975 -2.82% -
1974 -0.26% -
1973 0.54% -
1972 -0.7% -
1971 -1.58% -
1970 -1.52% -
1969 -1.14% -
1968 -3.06% -
1967 -1.97% -
1966 -2.37% -
1965 -1.15% -
1964 -1.2% -
1963 -0.54% -
1962 -1.38% -
1961 -0.38% -
1960 0.9% -
1959 -0.74% -
1958 -0.89% -
1957 0.3% -
1956 -0.83% -
1955 -0.25% -
1954 0.76% -
1953 -2.95% -
1952 2.19% -
1951 2.13% -
1950 0.81% -
1949 2.3% -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 -3.19% -
1938 -0.37% -
1937 0.02% -
1936 -0.41% -
1935 -0.69% -
1934 -0.92% -
1933 -2.55% -
1932 -1.97% -
1931 -1.66% -
1930 -0.55% -
1929 -1.16% -
1928 -0.62% -
1927 -0.33% -
1926 -0.78% -
1925 -2.04% -
1924 -3.37% -
1923 -2.62% -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -0.45% -
1912 -0.47% -
1911 -0.13% -
1910 -0.93% -
1909 -0.34% -
1908 -0.57% -
1907 0.03% -
1906 0.16% -
1905 0.1% -
1904 -0.72% -
1903 0.09% -
1902 -0.14% -
1901 0.03% -
1900 0.06% -
1899 -0.13% -
1898 -0.48% -
1897 -0.45% -
1896 0.08% -
1895 -0.06% -
1894 0.12% -
1893 -0.76% -
1892 -1.72% -
1891 -0.06% -
1890 -0.06% -
1889 0.04% -
1888 -0.31% -
1887 -0.37% -
1886 -0.08% -
1885 -0.55% -
1884 0% -
1883 -2.1% -
1882 -1.11% -
1881 -1.06% -
1880 0.21% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/netherlands/vietnam | CC BY

In 2024, the Netherlands' government deficit, the difference between spending and revenue, was $11.5B, equivalent to 0.94% of GDP. This compares to Vietnam's deficit of $7.32B, or 1.54% of GDP.

Over the past 27 years, the Netherlands recorded a fiscal deficit in 19 of those years, while Vietnam ran a deficit in 25 years. On average, the Netherlands posted an annual deficit equal to 1.34% of GDP, compared to deficit of 2.05% of GDP for Vietnam.

Inflation comparison by year

Inflation
Netherlands

Vietnam
1x
Year Consumer prices inflation
Netherlands Vietnam
2024 3.35% 3.6%
2023 3.84% 3.3%
2022 10% 3.2%
2021 2.68% 1.8%
2020 1.27% 3.2%
2019 2.63% 2.8%
2018 1.7% 3.5%
2017 1.38% 3.5%
2016 0.32% 2.7%
2015 0.6% 0.6%
2014 0.98% 4.1%
2013 2.51% 6.6%
2012 2.46% 9.1%
2011 2.34% 18.7%
2010 1.28% 9.1%
2009 1.19% 6.7%
2008 2.49% 23.3%
2007 1.61% 8.4%
2006 1.1% 7.7%
2005 1.69% 8.3%
2004 1.26% 7.8%
2003 2.09% 3.1%
2002 3.29% 3.8%
2001 4.16% -0.4%
2000 2.36% -1.8%
1999 2.16% 4.1%
1998 1.96% 8.1%
1997 2.11% 3.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/netherlands/vietnam | CC BY

Over the past 28 years, the Netherlands has recorded an average annual inflation rate of 2.31%, compared with 5.64% in Vietnam. In 2024, inflation was 3.35% in the Netherlands and 3.6% in Vietnam.

Top exports between countries

Netherlands
Export category Export value
Machinery & equipment $627M
Chemicals & pharma $230M
Processed food, beverages & tobacco $77.1M
Animal & marine products $71.9M
Raw agricultural goods $65.1M
Raw materials & minerals $46.4M
Metals $38.9M
Wood & paper products $30.8M
Textiles & consumer goods $21.3M
Miscellaneous $1.87M
Vietnam
Export category Export value
Machinery & equipment $6.03B
Textiles & consumer goods $2.56B
Raw agricultural goods $599M
Processed food, beverages & tobacco $289M
Chemicals & pharma $194M
Metals $190M
Raw materials & minerals $159M
Animal & marine products $106M
Precious metals & jewellery $52.9M
Wood & paper products $48.6M

Balance of trade

Netherlands Vietnam
Current account balance
$111B
2024
$28B
2024
Current account balance ranking
5/190
2024
18/190
2024
Current account balance, % of GDP
+9.13%
2024
+5.89%
2024
Goods imports
$606B
2024
$362B
2024
Goods exports
$693B
2024
$406B
2024
Service imports
$262B
2024
$36.2B
2024
Service exports
$308B
2024
$23.9B
2024
Imports of goods and services, % of GDP
71.4%
2024
83.7%
2024
Exports of goods and services, % of GDP
82.4%
2024
90.2%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Netherlands Vietnam
Economic freedom 78.5 64.4
Economic freedom ranking 11/197 73/197
Property rights 96 47.3
Government integrity 86.8 39.2
Judicial effectiveness 96.1 31.3
Tax burden 54 80.9
Government spending 42.2 89.5
Fiscal health 95.9 96.9
Business freedom 85 70
Labor freedom 59.3 54.7
Monetary freedom 77 73.2
Trade freedom 79.4 79.8
Investment freedom 90 60
Financial freedom 80 50

Economic freedom comparison by year

Netherlands
Vietnam
1x
Year Economic freedom index
Netherlands Vietnam
2026 78.5 64.4
2025 78.2 65.2
2024 77.3 62.8
2023 78 61.8
2022 79.5 60.6
2021 76.8 61.7
2020 77 58.8
2019 76.8 55.3
2018 76.2 53.1
2017 75.8 52.4
2016 74.6 54
2015 73.7 51.7
2014 74.2 50.8
2013 73.5 51
2012 73.3 51.3
2011 74.7 51.6
2010 75 49.8
2009 77 51
2008 77.4 50.4
2007 75.5 49.8
2006 75.4 50.5
2005 72.9 48.1
2004 74.5 46.1
2003 74.6 46.2
2002 75.1 45.6
2001 73 44.3
2000 70.4 43.7
1999 70.2 42.7
1998 69.2 40.4
1997 70.4 38.6
1996 69.7 40.2
1995 - 41.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/netherlands/vietnam | CC BY

The Economic Freedom Index for the Netherlands is 78.5, ranking 11/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Netherlands Vietnam
Services, % of GDP
70.5%
2024
42.4%
2024
Industry, % of GDP
17.5%
2024
37.6%
2024
Agriculture, forestry, and fishing, % of GDP
1.73%
2024
11.9%
2024
GNI, Atlas method
$1.12T
2024
$454B
2024
GNI per capita, PPP
$84,970
2024
$15,850
2024
Total reserves including gold
$79.1B
2024
$83.1B
2024
Total reserves ranking
34/177
2024
30/177
2024
Net foreign direct investment
$11.1B
2024
-$19.6B
2024
Net inflows of foreign direct investment
-$17.1B
2024
$20.2B
2024
Net outflows of foreign direct investment
-$5.93B
2024
$600M
2024
Servicing debt to the IMF, % of GNI n/a
7.29%
2024
Poverty at national poverty lines
14.5%
2021
4.2%
2022
Gross capital formation, % of GDP
19.7%
2024
30.6%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/netherlands/vietnam | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.