Vietnam GDP Annual Growth Rate

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 6.10 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 5.70 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
2018-09-28	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	6.79%	7.31%	6.4%
2019-06-28	02:00 AM	GDP Growth Rate YoY	6.71%	6.82%	6.1%
2019-09-28	02:00 AM	GDP Growth Rate YoY		6.71%	5.9%
2019-12-28	01:00 AM	GDP Growth Rate YoY			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	[+]

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

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
India	5.80	Mar/19	6.6	11.4 : -5.2	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	1.80	Mar/19	2.3	8.3 : -3.5	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
South Korea	1.70	Mar/19	2.9	20.8 : -7.3	%
Switzerland	1.70	Mar/19	1.5	5.8 : -3.7	%
Canada	1.30	Mar/19	1.6	9.3 : -4.1	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
France	1.20	Mar/19	1.2	12.6 : -3.8	%
Mexico	1.20	Mar/19	1.7	9 : -9.1	%
Japan	0.90	Mar/19	0.3	9.4 : -8.8	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Brazil	0.50	Mar/19	1.1	10.1 : -5.5	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
Singapore	0.10	Jun/19	1.1	19 : -8.8	%
South Africa	0.00	Mar/19	1.1	7.1 : -2.6	%
Italy	-0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-2.60	Mar/19	-3	11.7 : -14.4	%
Argentina	-5.80	Mar/19	-6.2	16.2 : -16.3	%