Military spending in Vietnam
Vietnam: Military spending was 6.74 billion constant 2022 US$ in 2020. ◆ Volatile
Military spending in Vietnam, 1954–2020
Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
In 2020, military spending in Vietnam stood at 6.74 billion constant 2022 US$. That is the highest value across all 67 years on record.
The figure is up 2.2% on the previous year and up 127.7% over ten years.
Over the whole period, military spending in Vietnam peaked at 6.74 billion constant 2022 US$ in 2020 and was at its lowest, 395.85 million constant 2022 US$, in 1954.
Vietnam ranks 40th of 172 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 766.45 million constant 2022 US$ | 395.85 million constant 2022 US$ | 1.15 billion constant 2022 US$ | 6 |
| 1960s | 2.01 billion constant 2022 US$ | 1.34 billion constant 2022 US$ | 2.68 billion constant 2022 US$ | 10 |
| 1970s | 1.69 billion constant 2022 US$ | 1.29 billion constant 2022 US$ | 2.16 billion constant 2022 US$ | 10 |
| 1980s | 2.91 billion constant 2022 US$ | 2.11 billion constant 2022 US$ | 4.58 billion constant 2022 US$ | 10 |
| 1990s | 1.38 billion constant 2022 US$ | 943.35 million constant 2022 US$ | 1.78 billion constant 2022 US$ | 10 |
| 2000s | 3.23 billion constant 2022 US$ | 2.75 billion constant 2022 US$ | 3.42 billion constant 2022 US$ | 10 |
| 2010s | 4.80 billion constant 2022 US$ | 2.96 billion constant 2022 US$ | 6.60 billion constant 2022 US$ | 10 |
| 2020s | 6.74 billion constant 2022 US$ | 6.74 billion constant 2022 US$ | 6.74 billion constant 2022 US$ | 1 |
Countries ranked near Vietnam
More reference data data for Vietnam
- Spring temperature anomalies 0.5508 °C (2026)
- Summer temperature anomalies 0.9259 °C (2026)
- Temperature anomalies by month -0.1303 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.512 °C (2025)
- Winter temperature anomalies 1.13 °C (2025)
- Consumer price index 195.98 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military spending in Vietnam?
- Military spending in Vietnam was 6.74 billion constant 2022 US$ in 2020, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Vietnam?
- The highest recorded value was 6.74 billion constant 2022 US$ in 2020.
- What is the lowest military spending recorded in Vietnam?
- The lowest recorded value was 395.85 million constant 2022 US$ in 1954.
- How does Vietnam rank for military spending?
- Vietnam ranks 40th out of 172 countries with data for 2020.
- Is military spending rising or falling in Vietnam?
- Over the last ten years it is up 127.7%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
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About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.