Annual growth of general government final consumption expenditure in Viet Nam
Viet Nam: Annual growth of general government final consumption expenditure was 3.58 in 2023. ▼ Falling
Latest (2023)
3.58
Change on year
down 1.1%
World rank
45th
of 167 countries
All-time high
12.28
in 2010
All-time low
1.24
in 2020
Years of data
24
2000–2023
Annual growth of general government final consumption expenditure in Viet Nam, 2000–2023
Source: Our World in Data.
Analysis
Viet Nam recorded 3.58 for annual growth of general government final consumption expenditure in 2023.
Compared with earlier readings it is down 1.1% on the previous year and down 51.1% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Viet Nam peaked at 12.28 in 2010 and was at its lowest, 1.24, in 2020.
Viet Nam ranks 45th of 167 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Annual growth of general government final consumption expenditure in Viet Nam, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.01 | — |
| 2001 | 6.6 | +31.7% |
| 2002 | 5.38 | -18.5% |
| 2003 | 7.19 | +33.6% |
| 2004 | 7.77 | +8.1% |
| 2005 | 8.2 | +5.5% |
| 2006 | 8.5 | +3.7% |
| 2007 | 8.9 | +4.7% |
| 2008 | 7.52 | -15.5% |
| 2009 | 7.6 | +1.1% |
| 2010 | 12.28 | +61.6% |
| 2011 | 4.29 | -65.1% |
| 2012 | 8.5 | +98.1% |
| 2013 | 7.32 | -13.9% |
| 2014 | 2.25 | -69.3% |
| 2015 | 7.84 | +248.4% |
| 2016 | 3.84 | -51.0% |
| 2017 | 5.61 | +46.1% |
| 2018 | 4.68 | -16.6% |
| 2019 | 5.44 | +16.2% |
| 2020 | 1.24 | -77.2% |
| 2021 | 4.55 | +266.9% |
| 2022 | 3.62 | -20.4% |
| 2023 | 3.58 | -1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.27 | 5.01 | 8.9 | 10 |
| 2010s | 6.21 | 2.25 | 12.28 | 10 |
| 2020s | 3.25 | 1.24 | 4.55 | 4 |
Countries ranked near Viet Nam
More economy & growth data for Viet Nam
- Gross capital formation (constant 2015 US$), annual growth rate 8.68 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2893 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 1,466 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 18.86 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.9209 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 4,665 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 22.78 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 22,988 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 116.45 million current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 17.12 % change on previous year (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Viet Nam?
- Annual growth of general government final consumption expenditure in Viet Nam was 3.58 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Viet Nam?
- The highest recorded value was 12.28 in 2010.
- What is the lowest annual growth of general government final consumption expenditure recorded in Viet Nam?
- The lowest recorded value was 1.24 in 2020.
- How does Viet Nam rank for annual growth of general government final consumption expenditure?
- Viet Nam ranks 45th out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Viet Nam?
- Over the last ten years it is down 51.1%. The long-run trend across the full record is falling.
- Where does this Viet Nam data come from?
- The figures come from Our World in Data, published as part of Annual growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
Download this data
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