Thailand vs Vietnam

Thailand vs Vietnam: Government debt

Government debt: 62.9% of GDP in Thailand in 2024 and 30.5% of GDP in Vietnam in 2025, by IMF estimates. In 2024 the value was higher in Thailand, by 31.7 percentage points, or 2.02 times that in Vietnam.

Watch it change on the map

% of GDP · IMF

Thailand vs Vietnam: Government debtGovernment debt: 62.9% of GDP in Thailand in 2024 and 30.5% of GDP in Vietnam in 2025, by IMF estimates. In 2024 the value was higher in Thailand, by 31.7 percentage points, or 2.02 times that in Vietnam.
ThailandVietnamIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Thailand has been higher since 2019, when it overtook Vietnam.
  • The IMF projection (World Economic Outlook, October 2026) puts Thailand at 69.8% of GDP and Vietnam at 24.5% of GDP in 2031.

Every year

% of GDP · IMF

YearThailandVietnam
202564.730.5
202462.931.2
202362.234.3
202260.634.9
202158.439.2
202049.441.3
201941.141
201841.943.8
201741.846.6
201641.747.9
201542.646.1
201443.343.4
201342.241.4
201241.938.3
201139.136.2
201039.837.3
200942.436.2
20083531.1
20073632.2
200639.230.3
200545.528.7
200446.329.4
200347.529.8
200254.927.7
200157.525.4
200057.824.8
199956.6–
199849.9–
199740.5–
199615.2–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearThailandVietnam
202667.228.3
202768.526.2
202869.125.3
202969.424.6
203069.624.4
203169.824.5

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Thailand vs Vietnam

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