Australia and Vietnam Economies: A Side-by-Side Table Comparison

Australia and Vietnam present a striking contrast across key indicators. Vietnam’s population is nearly four times larger, while Australia boasts a land area 23.5 times more expansive. Economically, Australia’s GDP is over four times greater, with higher GDP per capita. However, Vietnam shows greater income inequality and a heavier reliance on imports.

Basic Indicators

Indicator	Australia	Vietnam	Comparison
Population source (2022 data), updated 2024	26.01 million (54th)	98.19 million (15th)	Vietnam’s population is approximately 3.78 times larger than Australia’s.
Surface area (sq. km) source (2022 data), updated 2024	7.74 million sq. km (6th)	0.33 million sq. km (65th)	Australia is 23.5 times larger than Vietnam.
GDP source (2022 data), updated 2024	1,692.96B USD (12th)	408.80B USD (35th)	Australia’s total GDP is approximately 4.14 times larger than Vietnam’s.
GDP per capita source (2022 data), updated 2024	$65,100 (13th)	4,164 USD (118th)	Australia’s GDP per capita is roughly 85% higher than Vietnam’s, with Australians producing about $60,936 more per person annually.

Economic Indexes

Index	Australia	Vietnam	Comparison
HDI (Human Development Index) source (2022 data), updated 2024	0.946 (10th)	0.726 (101st)	Australia’s HDI is 0.946 (very high), while Vietnam’s is 0.726 (medium). Australia’s score is 0.220 higher, indicating significantly better human development overall.
Index of Economic Freedom source (2024 data)	76.2 (12th)	62.8 (56th)	Australia’s Index of Economic Freedom is 21.5% higher than Vietnam’s, 13.4 points more.
GINI source (2022 data), updated 2024	34.3 (2018 est.)	36.8 (2020 est.)	With a 7.3% higher Gini coefficient, Vietnam has a higher degree of income inequality than Australia.

International trade _{source(2023 data), updated 2024}

Indicator	Australia	Vietnam
Total imports	363.57B USD	339.77B
Imports % of GDP	19.71%	91.74%
Main import partners	China 28%, US 10%, South Korea 6%, Japan 6%, Singapore 5%	China 38%, South Korea 17%, Japan 5%, Taiwan 4%, Thailand 4%
Main import items	refined petroleum, cars, garments, trucks, plastic products	integrated circuits, broadcasting equipment, refined petroleum, telephones, fabric
Total exports	447.51B USD	374.27B
Exports % of GDP	25.43%	93.99%
Main export Partners	China 29%, Japan 19%, South Korea 10%, India 7%, Taiwan 6%	US 29%, China 15%, South Korea 6%, Japan 6%, Hong Kong 3%
Main export items	coal, iron ore, natural gas, gold, wheat	broadcasting equipment, garments, telephones, integrated circuits, machine parts

Australia imports slightly more than Vietnam, but Vietnam’s imports make up a whopping 91.74% of its GDP, compared to Australia’s 19.71%. Australia’s exports are 447.51B USD, focusing on raw materials, while Vietnam’s 374.27B USD exports are mainly tech and garments, making Vietnam’s exports vital to its economy.

Military Power _{source (2023 data), updated 2024}

Indicator	Australia	Vietnam
Military expenditure	32.3B USD	6.3B USD
Military expenditure (% of GDP)	1.90%	2.3% (2018)
Active military	59k	482k
Active military per 1,000 capita	3.8	5

Australia’s military expenditure is approximately 4.1 times larger than Vietnam’s at $32.34 billion compared to $6.3 billion, while Vietnam allocates a higher percentage of its GDP to defense at 2.3% compared to Australia’s 1.9%.