Vietnam's gross domestic product expanded by 6.71 percent year-on-year in the second quarter of 2019, following an upwardly revised 6.82 percent growth in the previous quarter. This was the weakest growth rate since the second quarter of 2017, as output of agriculture, forestry and fisheries expanded softer (2.19 percent from 2.81 percent in Q1). Meanwhile, output grew faster for both services sector (6.85 percent from 6.50 percent) and industry and construction (9.14 percent from 8.68 percent). For first half 2019 as a whole, the economy grew 6.76 percent. Vietnam targets an economic growth of between 6.6-6.8 percent this year. GDP Annual Growth Rate in Vietnam averaged 6.52 percent from 2000 until 2019, reaching an all time high of 8.48 percent in the fourth quarter of 2007 and a record low of 3.12 percent in the first quarter of 2009.

GDP Annual Growth Rate in Vietnam is expected to be 5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Vietnam to stand at 6.10 in 12 months time. In the long-term, the Vietnam GDP Annual Growth Rate is projected to trend around 4.90 percent in 2020, according to our econometric models.

Vietnam GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-28 02:00 AM GDP Growth Rate YoY Q3 6.88% 6.73% 7.1%
2018-12-27 07:00 AM GDP Growth Rate YoY Q4 7.31% 6.82% 6.9%
2019-03-29 02:30 AM GDP Growth Rate YoY Q1 6.79% 7.31% 6.4%
2019-06-28 02:00 AM GDP Growth Rate YoY Q2 6.71% 6.82% 6.1%
2019-09-28 02:00 AM GDP Growth Rate YoY Q3 6.71% 5.9%
2019-12-28 01:00 AM GDP Growth Rate YoY Q4 6%


Vietnam GDP Last Previous Highest Lowest Unit
GDP Growth Rate 6.88 6.73 8.46 3.14 percent [+]
GDP Annual Growth Rate 6.71 6.82 8.48 3.12 percent [+]
GDP 244.95 223.78 244.95 6.29 USD Billion [+]
GDP Constant Prices 1565704.00 681010.00 3493399.00 480455.00 VND Billion [+]
Gross National Product 4764958.00 4294560.00 4764958.00 39284.00 VND Billion [+]
Gross Fixed Capital Formation 1190474.59 1066160.30 1190474.59 5495.00 VND Billion [+]
GDP per capita 1964.50 1853.00 1964.50 377.50 USD [+]
GDP per capita PPP 6608.60 6233.50 6608.60 1457.60 USD [+]
GDP From Agriculture 228440.00 72261.00 500567.00 65298.00 VND Billion [+]
GDP From Construction 85798.00 34336.00 224464.00 24018.00 VND Billion [+]
GDP From Manufacturing 306157.00 138396.00 640172.00 90932.00 VND Billion [+]
GDP From Mining 89202.00 38180.00 240462.00 38180.00 VND Billion [+]
GDP From Public Administration 42753.00 18753.00 94215.00 13398.00 VND Billion [+]
GDP From Services 595903.00 276919.00 1354796.00 216604.00 VND Billion [+]
GDP From Transport 46683.00 21656.00 102349.00 15783.00 VND Billion [+]
GDP From Utilities 9837.00 4385.00 20574.00 3044.00 VND Billion [+]


Vietnam GDP Annual Growth Rate

In Vietnam, industry and construction constitute the biggest sector of the economy (41 percent of total GDP). Yet, in the past six years the growth in services outpaced significantly all other sectors, and today services account for 37 percent of GDP. Finally, agriculture, forestry and fishing represent 22 percent of total output. This page provides the latest reported value for - Vietnam GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Vietnam GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.71 6.82 8.48 3.12 2000 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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