Gross domestic product (GDP) in Vietnam
Vietnam: Gross domestic product (GDP) was 1.31 trillion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
1.31 trillion international-$ in 2021 prices
Change on year
up 0.8%
World rank
26th
of 184 countries
All-time high
1.31 trillion international-$ in 2021 prices
in 2023
All-time low
75.34 billion international-$ in 2021 prices
in 1983
Years of data
41
1983–2023
Gross domestic product (GDP) in Vietnam, 1983–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
Vietnam recorded 1.31 trillion international-$ in 2021 prices for gross domestic product (gdp) in 2023. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 0.8% on the previous year and up 78.4% over ten years.
Over the whole period, gross domestic product (gdp) in Vietnam peaked at 1.31 trillion international-$ in 2021 prices in 2023 and was at its lowest, 75.34 billion international-$ in 2021 prices, in 1983.
That places Vietnam 26th out of 184 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Vietnam, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1983 | 75.34 billion international-$ in 2021 prices | — |
| 1984 | 80.74 billion international-$ in 2021 prices | +7.2% |
| 1985 | 84.84 billion international-$ in 2021 prices | +5.1% |
| 1986 | 87.25 billion international-$ in 2021 prices | +2.8% |
| 1987 | 89.60 billion international-$ in 2021 prices | +2.7% |
| 1988 | 93.91 billion international-$ in 2021 prices | +4.8% |
| 1989 | 92.30 billion international-$ in 2021 prices | -1.7% |
| 1990 | 95.78 billion international-$ in 2021 prices | +3.8% |
| 1991 | 107.88 billion international-$ in 2021 prices | +12.6% |
| 1992 | 116.19 billion international-$ in 2021 prices | +7.7% |
| 1993 | 131.45 billion international-$ in 2021 prices | +13.1% |
| 1994 | 139.30 billion international-$ in 2021 prices | +6.0% |
| 1995 | 151.32 billion international-$ in 2021 prices | +8.6% |
| 1996 | 172.16 billion international-$ in 2021 prices | +13.8% |
| 1997 | 185.42 billion international-$ in 2021 prices | +7.7% |
| 1998 | 193.58 billion international-$ in 2021 prices | +4.4% |
| 1999 | 194.85 billion international-$ in 2021 prices | +0.7% |
| 2000 | 210.13 billion international-$ in 2021 prices | +7.8% |
| 2001 | 224.46 billion international-$ in 2021 prices | +6.8% |
| 2002 | 246.20 billion international-$ in 2021 prices | +9.7% |
| 2003 | 268.47 billion international-$ in 2021 prices | +9.0% |
| 2004 | 291.31 billion international-$ in 2021 prices | +8.5% |
| 2005 | 321.63 billion international-$ in 2021 prices | +10.4% |
| 2006 | 362.63 billion international-$ in 2021 prices | +12.7% |
| 2007 | 427.83 billion international-$ in 2021 prices | +18.0% |
| 2008 | 483.12 billion international-$ in 2021 prices | +12.9% |
| 2009 | 509.35 billion international-$ in 2021 prices | +5.4% |
| 2010 | 603.97 billion international-$ in 2021 prices | +18.6% |
| 2011 | 663.45 billion international-$ in 2021 prices | +9.8% |
| 2012 | 706.35 billion international-$ in 2021 prices | +6.5% |
| 2013 | 734.59 billion international-$ in 2021 prices | +4.0% |
| 2014 | 793.16 billion international-$ in 2021 prices | +8.0% |
| 2015 | 827.98 billion international-$ in 2021 prices | +4.4% |
| 2016 | 883.54 billion international-$ in 2021 prices | +6.7% |
| 2017 | 962.89 billion international-$ in 2021 prices | +9.0% |
| 2018 | 1.03 trillion international-$ in 2021 prices | +7.0% |
| 2019 | 1.10 trillion international-$ in 2021 prices | +6.6% |
| 2020 | 1.16 trillion international-$ in 2021 prices | +5.6% |
| 2021 | 1.22 trillion international-$ in 2021 prices | +5.0% |
| 2022 | 1.30 trillion international-$ in 2021 prices | +6.7% |
| 2023 | 1.31 trillion international-$ in 2021 prices | +0.8% |
Vietnam compared with similar countries
- Vietnam's 1.31 trillion international-$ in 2021 prices is above the median for upper middle income countries, which is 148.60 billion international-$ in 2021 prices, 8.8× the median. (51 countries reporting)
- Vietnam's 1.31 trillion international-$ in 2021 prices is above the median for East Asia & Pacific, which is 596.79 billion international-$ in 2021 prices, 2.2× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 86.28 billion international-$ in 2021 prices | 75.34 billion international-$ in 2021 prices | 93.91 billion international-$ in 2021 prices | 7 |
| 1990s | 148.79 billion international-$ in 2021 prices | 95.78 billion international-$ in 2021 prices | 194.85 billion international-$ in 2021 prices | 10 |
| 2000s | 334.51 billion international-$ in 2021 prices | 210.13 billion international-$ in 2021 prices | 509.35 billion international-$ in 2021 prices | 10 |
| 2010s | 830.48 billion international-$ in 2021 prices | 603.97 billion international-$ in 2021 prices | 1.10 trillion international-$ in 2021 prices | 10 |
| 2020s | 1.25 trillion international-$ in 2021 prices | 1.16 trillion international-$ in 2021 prices | 1.31 trillion international-$ in 2021 prices | 4 |
Countries ranked near Vietnam
- 23 Pakistan 1.40 trillion international-$ in 2021 prices compare
- 24 Bangladesh 1.36 trillion international-$ in 2021 prices compare
- 25 Iran 1.34 trillion international-$ in 2021 prices compare
- 27 Netherlands 1.26 trillion international-$ in 2021 prices compare
- 28 Argentina 1.24 trillion international-$ in 2021 prices compare
- 29 Philippines 1.16 trillion international-$ in 2021 prices compare
More economy & growth data for Vietnam
- Foreign direct investment, net outflows (BoP, current US$), gaps 600.00 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0013 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 5.94 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 20.17 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 9.03 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0423 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 199.73 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 3.01 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.1663 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 842.34 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Vietnam?
- Gross domestic product (gdp) in Vietnam was 1.31 trillion international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Vietnam?
- The highest recorded value was 1.31 trillion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Vietnam?
- The lowest recorded value was 75.34 billion international-$ in 2021 prices in 1983.
- How does Vietnam rank for gross domestic product (gdp)?
- Vietnam ranks 26th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Vietnam?
- Over the last ten years it is up 78.4%. The long-run trend across the full record is volatile.
- Where does this Vietnam data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.