The Gross Domestic Product (GDP) in Vietnam was worth 429.72 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Vietnam represents 0.41 percent of the world economy. This dataset provides the latest reported value for - Vietnam GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Deposit Money Bank Assets to GDP for Viet Nam (DDDI02VNA156NWDB) from 1992 to 2021 about Viet Nam, deposits, assets, banks, depository institutions, and GDP.

Vietnam VN: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 15.278 % in 2017. This records an increase from the previous number of 14.266 % for 2016. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 16.485 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 22.371 % in 1986 and a record low of 12.256 % in 1990. Vietnam VN: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Vietnam VN: GDP: Growth data was reported at 6.812 % in 2017. This records an increase from the previous number of 6.211 % for 2016. Vietnam VN: GDP: Growth data is updated yearly, averaging 6.321 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 9.540 % in 1995 and a record low of 2.789 % in 1986. Vietnam VN: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

Graph and download economic data for Constant GDP per capita for Viet Nam (NYGDPPCAPKDVNM) from 1984 to 2023 about Viet Nam, per capita, real, and GDP.

Vietnam VN: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at 5.726 % in 2017. This records an increase from the previous number of 5.091 % for 2016. Vietnam VN: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 5.095 % from Dec 1985 (Median) to 2017, with 33 observations. The data reached an all-time high of 7.685 % in 1995 and a record low of 0.469 % in 1986. Vietnam VN: GDP: Growth:(GDP) Gross Domestic Productper Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

Remittance inflows to GDP (%) in Vietnam was reported at 5.011 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Remittance inflows to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Inflation, GDP deflator (annual %) in Vietnam was reported at 1.9062 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

GDP per capita, PPP (constant 2017 international $) in Vietnam was reported at 13492 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - GDP per capita, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Vietnam’s real gross domestic product (GDP) has been experiencing positive growth for the past five years since 2019, and is projected to continue to do so through 2029. In 2023, Vietnam’s real GDP increased by around five percent compared to the previous year.

Learning from real GDP

Real gross domestic product (GDP) is a measure that reflects the value of all goods and services an economy produces within a given year. It is expressed in base-year prices, and is thus an inflation-adjusted way to compare a country’s economic output through the years. The GDP growth rate is a significant indicator of a country’s economic health, as it reacts to the economy’s expansions and contractions.

Vietnam’s optimistic future

As indicated by the positive growth rate of its real GDP, Vietnam’s economy is expanding due to growth in exports, domestic demand, and the manufacturing sector. As the economy expands, so does the total expenditure of Vietnamese consumers. The average monthly income per capita in Vietnam increased to almost 3.8 percent in 2018, and is spent on fast moving consumer goods from popular brands like Vinamilk and P/S.

In 2022, GDP per capita in Vietnam amounted to around 4,101.73 U.S. dollars. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth.

Vietnam’s economy In the last decade, the Vietnamese economy has experienced consistent economic growth with a six to seven percent increase in GDP from year to year. The country’s economy is fueled by its exports of natural resources and agricultural products, though since 2008 its information technology hardware exports have risen substantially. Vietnam’s agriculture and service sectors generate over 56 percent of Vietnam’s gross domestic product.

Vietnam’s population

The majority of Vietnam’s population works in the agriculture or service industries, and the country has one of the world’s lowest unemployment rates at just 1.8 percent in 2018. The population is relatively young, with the median age expected to reach 32.5 years by 2020. The median age has increased significantly from its low point of 18.2 years in 1970, around the time Vietnam was being devastated by war. Since then, the country’s population has increased as well, reaching over 94 million people in 2018.

Vietnam VN: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 4.125 % in 2017. This records an increase from the previous number of 1.111 % for 2016. Vietnam VN: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 8.633 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 72.546 % in 1991 and a record low of -0.191 % in 2015. Vietnam VN: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

GDP deflator: linked series (base year varies by country) in Vietnam was reported at 175 year in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - GDP deflator: linked series (base year varies by country) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Graph and download economic data for Private Credit by Deposit Money Banks and Other Financial Institutions to GDP for Viet Nam (DDDI12VNA156NWDB) from 1992 to 2021 about Viet Nam, finance companies, companies, finance, credits, deposits, financial, banks, private, depository institutions, and GDP.

GDP per capita (current LCU) in Vietnam was reported at 101859406 LCU in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - GDP per capita (current LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Vietnam VN: PPP Conversion Factor: GDP data was reported at 7,735.714 VND/Intl $ in 2017. This records an increase from the previous number of 7,562.939 VND/Intl $ for 2016. Vietnam VN: PPP Conversion Factor: GDP data is updated yearly, averaging 3,024.501 VND/Intl $ from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 7,735.714 VND/Intl $ in 2017 and a record low of 655.017 VND/Intl $ in 1990. Vietnam VN: PPP Conversion Factor: GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States. This conversion factor is for GDP. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; ;

Vietnam VN: GDP: % of GDP: Exports of Goods and Services data was reported at 101.555 % in 2017. This records an increase from the previous number of 93.624 % for 2016. Vietnam VN: GDP: % of GDP: Exports of Goods and Services data is updated yearly, averaging 54.901 % from Dec 1986 (Median) to 2017, with 32 observations. The data reached an all-time high of 101.555 % in 2017 and a record low of 3.945 % in 1988. Vietnam VN: GDP: % of GDP: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Gross Domestic Product: Share of GDP. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Private credit by deposit money banks and other financial institutions to GDP (%) in Vietnam was reported at 125 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Vietnam - Private credit by deposit money banks and other financial institutions to GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.