Vietnam GDP Annual Growth Rate

Vietnam's gross domestic product grew by 6.88 percent year-on-year in the third quarter of 2018, compared with a marginally revised 7.73 percent growth in the previous quarter. The growth was driven by services sector (6.87 percent from 6.90 percent in Q2), industry and construction (8.61 percent from 9.28 percent), and agriculture, forestry and fisheries (3.46 percent from 3.93 percent). Considering the first three quarters of this year, the economy expanded 6.98 percent compared to the same period of 2017, the fastest growth since 2011. GDP Annual Growth Rate in Vietnam averaged 6.51 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 6.90 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 7.10 in 12 months time. In the long-term, the Vietnam GDP Annual Growth Rate is projected to trend around 5.20 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2017-12-27	06:45 AM	GDP Growth Rate YoY	7.65%	7.46%	6.6%
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%
2018-12-28	01:00 AM	GDP Growth Rate YoY		6.88%	6.9%
2019-03-29	02:30 AM	GDP Growth Rate YoY			6.40%
2019-06-29	02:00 AM	GDP Growth Rate YoY			6.10%

Vietnam GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	6.88	6.73	8.46	3.14	percent	[+]
GDP Annual Growth Rate	6.88	6.73	8.48	3.12	percent	[+]
GDP	223.86	205.28	223.86	6.29	USD Billion	[+]
GDP Constant Prices	892393.00	1466960.00	3262548.00	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	122448.00	223482.00	482417.00	65298.00	VND Billion	[+]
GDP From Construction	57511.00	79553.00	205628.00	24018.00	VND Billion	[+]
GDP From Manufacturing	168156.00	275737.00	566604.00	90932.00	VND Billion	[+]
GDP From Mining	44517.00	87660.00	240462.00	38660.00	VND Billion	[+]
GDP From Public Administration	22428.00	42172.00	90072.00	13398.00	VND Billion	[+]
GDP From Services	357168.00	558608.00	1265820.00	216604.00	VND Billion	[+]
GDP From Transport	26694.00	43219.00	94899.00	15783.00	VND Billion	[+]
GDP From Utilities	5380.00	9182.00	19333.00	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 December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	6.88	6.73	8.48	3.12	2000 - 2018	percent	Quarterly

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Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.50	Sep/18	6.7	15.4 : 3.8	%
Indonesia	5.17	Sep/18	5.27	7.16 : 1.56	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Mexico	2.50	Sep/18	2.6	9 : -9.1	%
Spain	2.50	Sep/18	2.5	5.6 : -4.3	%
Netherlands	2.40	Sep/18	3.1	6.1 : -4.6	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Singapore	2.20	Sep/18	4.1	19 : -8.8	%
South Korea	2.00	Sep/18	2.8	20.8 : -7.3	%
Canada	1.90	Jun/18	2.3	9.3 : -4.1	%
Saudi Arabia	1.61	Jun/18	1.15	24.2 : -20.7	%
Euro Area	1.60	Sep/18	2.2	5 : -5.5	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
Russia	1.50	Sep/18	1.9	12.1 : -11.2	%
United Kingdom	1.50	Sep/18	1.2	9.7 : -6.1	%
France	1.40	Sep/18	1.6	12.6 : -3.8	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
Germany	1.10	Sep/18	2	7.2 : -6.8	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
Italy	0.70	Sep/18	1.2	10.3 : -7.2	%
Japan	0.00	Sep/18	1.4	9.4 : -8.8	%
Argentina	-3.50	Sep/18	-4	16.2 : -16.3	%