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Economy of Uzbekistan vs Vietnam compared: GDP & Debt

Updated on by Georank

Uzbekistan has a GDP of $147B compared to $515B for Vietnam, ranking 61/197 and 33/197 by economy size, respectively.

Uzbekistan has $42B in government debt (28.6% of GDP), compared to $156B (30.3% of GDP) in Vietnam.

Uzbekistan vs Vietnam GDP by year

Uzbekistan
Vietnam
1x
Year GDP, current $
Uzbekistan Vietnam
2025 $147,038,081,129 $514,697,215,165
2024 $121,356,065,241 $476,324,572,784
2023 $107,526,539,716 $433,805,036,898
2022 $94,286,355,836 $413,445,230,669
2021 $81,170,051,811 $366,474,752,771
2020 $70,127,127,133 $346,615,738,538
2019 $70,170,662,563 $334,365,270,497
2018 $61,318,332,403 $310,106,478,395
2017 $72,276,404,058 $281,353,605,987
2016 $97,871,364,319 $257,096,001,178
2015 $97,564,568,987 $239,258,328,382
2014 $91,303,765,114 $233,451,469,643
2013 $82,674,178,352 $213,708,811,665
2012 $75,318,846,931 $195,590,661,129
2011 $67,404,618,405 $172,595,049,184
2010 $55,544,226,553 $147,201,173,197
2009 $33,689,223,673 $106,014,659,565
2008 $29,549,438,884 $99,130,304,099
2007 $22,311,393,928 $77,414,425,532
2006 $17,330,833,853 $66,371,664,817
2005 $14,307,509,839 $57,633,255,738
2004 $12,030,023,548 $45,427,854,693
2003 $10,134,453,435 $39,552,513,232
2002 $9,687,788,513 $35,064,105,501
2001 $11,401,421,329 $32,685,198,809
2000 $13,760,513,969 $31,172,518,403
1999 $17,078,465,982 $28,683,659,007
1998 $14,988,971,211 $27,209,602,050
1997 $14,744,603,774 $26,843,700,442
1996 $13,948,892,216 $24,657,470,575
1995 $13,350,461,265 $20,736,164,459
1994 $12,899,074,922 $16,286,433,533
1993 $13,099,920,056 $13,180,953,598
1992 $12,953,801,760 $9,866,990,236
1991 $13,800,167,712 $9,613,369,520
1990 $13,362,340,338 $6,471,740,806
1989 $11,948,815,258 $6,293,304,975
1988 $10,722,799,639 $25,423,812,649
1987 $8,523,160,593 $36,658,108,850
1986 - $26,336,616,250
1985 - $14,094,687,821

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08).

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

GDP per capita in Uzbekistan vs Vietnam by year

Uzbekistan
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Uzbekistan Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,968 - $5,066 -
2024 $3,337 $11,879 $4,717 $16,386
2023 $3,016 $11,107 $4,323 $15,034
2022 $2,699 $10,293 $4,148 $13,905
2021 $2,370 $9,248 $3,704 $12,049
2020 $2,088 $8,452 $3,534 $11,609
2019 $2,129 $8,544 $3,441 $11,029
2018 $1,894 $8,129 $3,222 $10,010
2017 $2,271 $7,818 $2,956 $9,170
2016 $3,128 $6,919 $2,735 $8,375
2015 $3,173 $6,800 $2,578 $7,672
2014 $3,021 $6,610 $2,546 $7,297
2013 $2,781 $6,413 $2,360 $6,758
2012 $2,574 $6,168 $2,185 $6,377
2011 $2,339 $5,949 $1,951 $5,786
2010 $1,957 $5,505 $1,683 $5,389
2009 $1,206 $5,135 $1,226 $5,061
2008 $1,075 $4,800 $1,164 $4,844
2007 $824 $4,386 $926 $4,581
2006 $649 $3,956 $808 $4,237
2005 $543 $3,618 $711 $3,894
2004 $462 $3,321 $565 $3,543
2003 $394 $3,047 $497 $3,240
2002 $381 $2,902 $445 $3,002
2001 $454 $2,782 $419 $2,809
2000 $555 $2,644 $404 $2,614
1999 $698 $2,522 $376 $2,421
1998 $621 $2,418 $361 $2,308
1997 $621 $2,329 $362 $2,189
1996 $597 $2,214 $337 $2,019
1995 $583 $2,178 $287.8 $1,841
1994 $574 $2,197 $229.9 $1,674
1993 $596 $2,318 $189.4 $1,534
1992 $603 $2,371 $144.5 $1,413
1991 $658 $2,676 $143.7 $1,298
1990 $653 $2,665 $98.8 $1,210
1989 $598 - $98.1 -
1988 $551 - $405 -
1987 $450 - $595 -
1986 - - $436 -
1985 - - $238.6 -

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08).

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

Uzbekistan's GDP per capita is $3,968, ranking 134/197, compared to $5,066 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Uzbekistan ranks 125th at $11,879, while Vietnam ranks 108th at $16,386.

Economic indicators

Uzbekistan Vietnam
Gross domestic product
$147B
2025
$515B
2025
GDP rank
61/197
2025
33/197
2025
GDP growth
7.7%
2024-2025
8.02%
2024-2025
GDP per capita
$3,968
2025
$5,066
2025
GDP per capita rank
134/197
2025
122/197
2025
GDP per capita, PPP
$11,879
2024
$16,386
2024
GDP per capita PPP rank
125/197
2024
108/197
2024
Government debt
$42B
2025
$156B
2025
Debt-to-GDP ratio
28.6%
2025
30.3%
2025
Government debt per person
$1,134
2025
$1,537
2025
Government debt per person rank
139/185
2025
130/185
2025
Average annual personal income after taxes
$3,560
2026
$5,133
2026
Market capitalization of domestic companies
$23.7B
2025
$316B
2025
Number of billionaires n/a
5
2026
Income share by richest 10%
24.2%
2025
28.1%
2022
Income share by poorest 10%
2.4%
2025
2.6%
2022
Government expenditure, % of GDP
27.4%
2025
22.1%
2025
Consumer prices inflation
8.8%
2024-2025
3.3%
2024-2025
Central bank interest rate
14%
2025
4.5%
2023
Unemployment rate
5.29%
2020
1.53%
2024
Population
38082870
102486146

Spending and national debt comparison by year

Uzbekistan
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Uzbekistan Vietnam
Government spending Government debt Government spending Government debt
2025 27.4% 28.6% 22.1% 30.3%
2024 26.1% 30.9% 19.1% 31.2%
2023 28.6% 30.7% 18.8% 34.3%
2022 30% 29.2% 18.2% 34.9%
2021 26.1% 30.2% 20.1% 39.2%
2020 24.7% 31.9% 21.3% 41.3%
2019 23.4% 24.3% 19.8% 41%
2018 21.2% 16.7% 20.5% 43.8%
2017 19.9% 17.3% 21.5% 46.6%
2016 20.5% 7.21% 22.2% 47.9%
2015 21.7% 5.94% 24.2% 46.1%
2014 22% 5.39% 22.8% 43.6%
2013 22.3% 5.51% 24.5% 41.4%
2012 21.5% 6.06% 23.5% 38.3%
2011 21.1% 5.65% 21.2% 36.2%
2010 23.7% 5.92% 23.7% 37.3%
2009 24.7% 6.57% 25% 36.2%
2008 23.8% 7.5% 21.4% 31%
2007 22.4% 8.6% 22.3% 32.2%
2006 22.3% 12.2% 20.5% 30.2%
2005 25.3% 18.9% 20.6% 28.7%
2004 26.5% 24.2% 19.4% 29.4%
2003 28.4% 28.3% 22.2% 29.8%
2002 31.2% 37.5% 19.7% 27.7%
2001 27.6% 40.4% 19.2% 25.4%
2000 29.6% 26.5% 17.8% 24.8%
1999 30.3% 16.6% 16.7% -
1998 31.6% 16.2% 16% -
1997 28.7% 13.8% - -
1996 31.6% - - -
1995 26.5% - - -
1994 24.4% - - -
1993 35.6% - - -
1992 16.2% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Uzbekistan's government spending was $40.2B, accounting for 27.4% of its GDP, while Vietnam spent $114B, or 22.1% of GDP.

Debt-to-GDP ratio is 28.6% in Uzbekistan and 30.3% in Vietnam, ranking 159/185 and 153/185, respectively.

Government deficit by year

Deficit/surplus
Uzbekistan

Vietnam
1x
Year Deficit/surplus, % of GDP
Uzbekistan Vietnam
2025 -1.66% -2.2%
2024 -2.25% -1.54%
2023 -3.85% -1.72%
2022 -3.49% 0.67%
2021 -3.9% -1.43%
2020 -2.8% -2.86%
2019 -0.29% -0.4%
2018 1.57% -1.02%
2017 1.04% -1.96%
2016 0.62% -3.16%
2015 -0.24% -4.98%
2014 1.68% -5.02%
2013 1.9% -5.96%
2012 5.28% -5.46%
2011 4.56% -0.9%
2010 2.29% -2.25%
2009 1.64% -4.82%
2008 5.38% -0.45%
2007 3.2% -1.74%
2006 2.45% 0.2%
2005 -3.17% -0.95%
2004 -3.37% -0.15%
2003 -4.39% -2.56%
2002 -5.69% -1.85%
2001 -2.95% -2.19%
2000 -3.29% -1.61%
1999 -2.62% -1.25%
1998 -2.74% -0.1%
1997 -1.85% -
1996 -1.41% -
1995 -1.59% -
1994 -4.03% -
1993 -10.8% -
1992 6.44% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Uzbekistan's government deficit, the difference between spending and revenue, was $2.43B, equivalent to 1.66% of GDP. This compares to Vietnam's deficit of $11.3B, or 2.2% of GDP.

Over the past 28 years, Uzbekistan recorded a fiscal deficit in 16 of those years, while Vietnam ran a deficit in 26 years. On average, Uzbekistan posted an annual deficit equal to 0.54% of GDP, compared to deficit of 2.06% of GDP for Vietnam.

Inflation comparison by year

Inflation
Uzbekistan

Vietnam
1x
Year Consumer prices inflation
Uzbekistan Vietnam
2025 8.8% 3.3%
2024 9.6% 3.6%
2023 10% 3.3%
2022 11.4% 3.2%
2021 10.8% 1.8%
2020 12.9% 3.2%
2019 14.5% 2.8%
2018 17.5% 3.5%
2017 13.9% 3.5%
2016 8.8% 2.7%
2015 8.5% 0.6%
2014 9.1% 4.1%
2013 11.7% 6.6%
2012 11.9% 9.1%
2011 12.4% 18.7%
2010 12.3% 10.5%
2009 12.3% 6.7%
2008 13.1% 23.1%
2007 11.2% 8.3%
2006 13.1% 7.5%
2005 10.7% 8.4%
2004 7.3% 7.9%
2003 12.5% 3.3%
2002 27.3% 4.1%
2001 27.3% -0.3%
2000 25% -1.8%
1999 29.1% 4.1%
1998 29% 7.2%
1997 70.9% 3.1%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Uzbekistan has recorded an average annual inflation rate of 16.3%, compared with 5.59% in Vietnam. In 2025, inflation was 8.8% in Uzbekistan and 3.3% in Vietnam.

Top exports between countries

Uzbekistan
Export category Export value
Textiles & consumer goods $12.1M
Animal & marine products $4.93M
Processed food, beverages & tobacco $2.16M
Raw materials & minerals $436K
Raw agricultural goods $132K
Chemicals & pharma $43K
Machinery & equipment $26K
Vietnam
Export category Export value
Machinery & equipment $104M
Raw materials & minerals $6.58M
Raw agricultural goods $5.83M
Chemicals & pharma $5.33M
Wood & paper products $1.34M
Processed food, beverages & tobacco $1.28M
Textiles & consumer goods $1.05M
Metals $761K
Animal & marine products $605K
Miscellaneous $506K

Balance of trade

Uzbekistan Vietnam
Current account balance
-$5.78B
2025
$30.2B
2024
Current account balance ranking
167/190
2025
18/190
2024
Current account balance, % of GDP
-3.93%
2025
+6.33%
2024
Goods imports
$38.5B
2025
$363B
2024
Goods exports
$23B
2025
$407B
2024
Service imports
$13.6B
2025
$35.6B
2024
Service exports
$9.27B
2025
$25B
2024
Imports of goods and services, % of GDP
35.4%
2025
92.1%
2025
Exports of goods and services, % of GDP
22%
2025
98.2%
2025

Economic freedom indices

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

Uzbekistan Vietnam
Economic freedom 60.3 64.4
Economic freedom ranking 94/197 73/197
Property rights 43.1 47.3
Government integrity 32 39.2
Judicial effectiveness 13.7 31.3
Tax burden 95 80.9
Government spending 73.7 89.5
Fiscal health 79.9 96.9
Business freedom 62.5 70
Labor freedom 48.4 54.7
Monetary freedom 65.1 73.2
Trade freedom 80.6 79.8
Investment freedom 70 60
Financial freedom 60 50

Economic freedom comparison by year

Uzbekistan
Vietnam
1x
Year Economic freedom index
Uzbekistan Vietnam
2026 60.3 64.4
2025 58 65.2
2024 55.9 62.8
2023 56.5 61.8
2022 55.7 60.6
2021 58.3 61.7
2020 57.2 58.8
2019 53.3 55.3
2018 51.5 53.1
2017 52.3 52.4
2016 46 54
2015 47 51.7
2014 46.5 50.8
2013 46 51
2012 45.8 51.3
2011 45.8 51.6
2010 47.5 49.8
2009 50.5 51
2008 51.9 50.4
2007 51.5 49.8
2006 48.7 50.5
2005 45.8 48.1
2004 39.1 46.1
2003 38.3 46.2
2002 38.5 45.6
2001 38.2 44.3
2000 38.1 43.7
1999 33.8 42.7
1998 31.5 40.4
1997 - 38.6
1996 - 40.2
1995 - 41.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Uzbekistan is 60.3, ranking 94/197, 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

Uzbekistan Vietnam
Services, % of GDP
46.5%
2025
42.7%
2025
Industry, % of GDP
32.5%
2025
37.6%
2025
Agriculture, forestry, and fishing, % of GDP
16.6%
2025
11.6%
2025
GNI, Atlas method
$136B
2025
$505B
2025
GNI per capita, PPP
$13,640
2025
$17,580
2025
Total reserves including gold
$41.2B
2024
$85.6B
2025
Total reserves ranking
53/177
2024
33/177
2025
Net foreign direct investment
-$4.24B
2025
-$19.6B
2024
Net inflows of foreign direct investment
$2.97B
2024
$20.2B
2024
Net outflows of foreign direct investment
$36.7M
2024
$600M
2024
Servicing debt to the IMF, % of GNI
9.37%
2024
7.29%
2024
Poverty at national poverty lines
5.8%
2025
4.2%
2022
Gross capital formation, % of GDP
33.3%
2025
30.8%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.