Annual growth of the general government final consumption expenditure in Viet Nam
Viet Nam: Annual growth of the general government final consumption expenditure was 5.8% in 2024. ▼ Falling
Annual growth of the general government final consumption expenditure in Viet Nam, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth of the general government final consumption expenditure in Viet Nam stood at 5.8%.
Compared with earlier readings it is up 26.5% on the previous year and up 157.6% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Viet Nam peaked at 12.3% in 2010 and was at its lowest, 1.2%, in 2020.
That places Viet Nam 40th out of 181 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Annual growth of the general government final consumption expenditure in Viet Nam, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.0% | — |
| 2001 | 6.6% | +31.7% |
| 2002 | 5.4% | -18.5% |
| 2003 | 7.2% | +33.5% |
| 2004 | 7.8% | +8.2% |
| 2005 | 8.2% | +5.5% |
| 2006 | 8.5% | +3.6% |
| 2007 | 8.9% | +4.8% |
| 2008 | 7.5% | -15.5% |
| 2009 | 7.6% | +1.0% |
| 2010 | 12.3% | +61.7% |
| 2011 | 4.3% | -65.0% |
| 2012 | 8.5% | +98.0% |
| 2013 | 7.3% | -13.9% |
| 2014 | 2.2% | -69.3% |
| 2015 | 7.8% | +248.2% |
| 2016 | 3.8% | -51.0% |
| 2017 | 5.6% | +46.3% |
| 2018 | 4.7% | -16.6% |
| 2019 | 5.4% | +16.2% |
| 2020 | 1.2% | -77.2% |
| 2021 | 4.5% | +266.8% |
| 2022 | 3.0% | -34.9% |
| 2023 | 4.6% | +54.7% |
| 2024 | 5.8% | +26.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.3% | 5.0% | 8.9% | 10 |
| 2010s | 6.2% | 2.2% | 12.3% | 10 |
| 2020s | 3.8% | 1.2% | 5.8% | 5 |
Countries ranked near Viet Nam
More economy & growth data for Viet Nam
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Gross Domestic Product — Value US$ per capita, 2015 prices 4,002 USD (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices 130.03 SLC (2024)
- GDP Deflator — Value US$, 2015 prices 112.67 USD (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 122.82 SLC (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 106.42 USD (2024)
- Gross Domestic Product — Value US$ 455,329 million USD (2024)
- Gross Domestic Product — Value US$ per capita 4,509 USD (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 8.77 billion million SLC (2024)
Frequently asked questions
- What is annual growth of the general government final consumption expenditure in Viet Nam?
- Annual growth of the general government final consumption expenditure in Viet Nam was 5.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Viet Nam?
- The highest recorded value was 12.3% in 2010.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Viet Nam?
- The lowest recorded value was 1.2% in 2020.
- How does Viet Nam rank for annual growth of the general government final consumption expenditure?
- Viet Nam ranks 40th out of 181 countries with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Viet Nam?
- Over the last ten years it is up 157.6%. The long-run trend across the full record is falling.
- Where does this Viet Nam data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
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