Vietnam GDP Annual Growth Rate

Vietnam's gross domestic product grew by 7.31 percent year-on-year in the fourth quarter of 2018, following a downwardly revised 6.82 percent expansion in the previous quarter. The growth was driven by services sector (7.61 percent from 6.87 percent in Q3), industry and construction (8.65 percent from 8.61 percent), and agriculture, forestry and fisheries (3.90 percent from 3.46 percent). For 2018, the economy expanded 7.08 percent year-on-year, compared to a 6.81 percent expansion in 2017. GDP Annual Growth Rate in Vietnam averaged 6.52 percent from 2000 until 2018, 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 6.40 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 6.00 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.

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Calendar	GMT		Actual	Previous	TEForecast
2018-03-29	02:30 AM	GDP Growth Rate YoY	7.38%	7.65%	7.1%
2018-06-29	02:00 AM	GDP Growth Rate YoY	6.79%	7.45%	7.7%
2018-09-28	02:00 AM	GDP Growth Rate YoY	6.88%	6.73%	7.1%
2018-12-27	07:00 AM	GDP Growth Rate YoY	7.31%	6.82%	6.9%
2019-03-29	02:30 AM	GDP Growth Rate YoY		7.31%	6.4%
2019-06-29	02:00 AM	GDP Growth Rate YoY			6.1%
2019-09-28	02:00 AM	GDP Growth Rate YoY			5.9%

Vietnam GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	6.88	6.73	8.46	3.14	percent	[+]
GDP Annual Growth Rate	7.31	6.82	8.48	3.12	percent	[+]
GDP	223.86	205.28	223.86	6.29	USD Billion	[+]
GDP Constant Prices	3493399.00	892393.00	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	1834.65	1735.30	1834.65	376.60	USD	[+]
GDP per capita PPP	6171.88	5837.60	6171.88	1452.90	USD	[+]
GDP From Agriculture	500567.00	122448.00	500567.00	65298.00	VND Billion	[+]
GDP From Construction	224464.00	57511.00	224464.00	24018.00	VND Billion	[+]
GDP From Manufacturing	640172.00	168156.00	640172.00	90932.00	VND Billion	[+]
GDP From Mining	207784.00	44517.00	240462.00	38660.00	VND Billion	[+]
GDP From Public Administration	94215.00	22428.00	94215.00	13398.00	VND Billion	[+]
GDP From Services	1354796.00	357168.00	1354796.00	216604.00	VND Billion	[+]
GDP From Transport	102349.00	26694.00	102349.00	15783.00	VND Billion	[+]
GDP From Utilities	20574.00	5380.00	20574.00	3044.00	VND Billion	[+]

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 March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	7.31	6.82	8.48	3.12	2000 - 2018	percent	Quarterly

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Country	Last		Previous	Range
India	6.60	Dec/18	7	11.4 : -5.2	%
China	6.40	Dec/18	6.5	15.4 : 3.8	%
Indonesia	5.18	Dec/18	5.17	7.16 : 1.56	%
South Korea	3.10	Dec/18	2	20.8 : -7.3	%
United States	3.10	Dec/18	3	13.4 : -3.9	%
Saudi Arabia	2.50	Sep/18	1.61	24.2 : -20.7	%
Spain	2.40	Dec/18	2.4	5.6 : -4.3	%
Australia	2.30	Dec/18	2.7	9 : -3.4	%
Netherlands	2.00	Dec/18	2.4	6.1 : -4.6	%
Singapore	1.90	Dec/18	2.4	19 : -8.8	%
Mexico	1.70	Dec/18	2.5	9 : -9.1	%
Canada	1.60	Dec/18	1.9	9.3 : -4.1	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
Switzerland	1.40	Dec/18	2.4	5.8 : -3.7	%
United Kingdom	1.30	Dec/18	1.6	9.7 : -6.1	%
Brazil	1.10	Dec/18	1.3	10.1 : -5.5	%
Euro Area	1.10	Dec/18	1.6	5 : -5.5	%
South Africa	1.10	Dec/18	1.3	7.1 : -2.6	%
France	0.90	Dec/18	1.3	12.6 : -3.8	%
Germany	0.60	Dec/18	1.1	7.2 : -6.8	%
Japan	0.30	Dec/18	0.1	9.4 : -8.8	%
Italy	0.00	Dec/18	0.6	10.3 : -7.2	%
Turkey	-3.00	Dec/18	1.8	11.7 : -14.4	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%