Gross Domestic Product — Annual growth Standard Local Currency in Viet Nam
Viet Nam: Gross Domestic Product — Annual growth Standard Local Currency was 11.55 % in 2024. ◆ Volatile
Gross Domestic Product — Annual growth Standard Local Currency in Viet Nam, 1971–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross domestic product — annual growth standard local currency in Viet Nam stood at 11.55 %.
Compared with earlier readings it is up 63.8% on the previous year and up 11.5% over ten years.
Over the whole period, gross domestic product — annual growth standard local currency in Viet Nam peaked at 506.89 % in 1986 and was at its lowest, 3.5 %, in 1973.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Annual growth Standard Local Currency in Viet Nam, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 8.97 % | — |
| 1972 | 7.04 % | -21.5% |
| 1973 | 3.5 % | -50.3% |
| 1974 | 7.59 % | +116.8% |
| 1975 | 8.09 % | +6.6% |
| 1976 | 16.54 % | +104.3% |
| 1977 | 19.21 % | +16.2% |
| 1978 | 20.66 % | +7.5% |
| 1979 | 9.31 % | -54.9% |
| 1980 | 10.63 % | +14.1% |
| 1981 | 40.38 % | +279.9% |
| 1982 | 116.3 % | +188.0% |
| 1983 | 60.1 % | -48.3% |
| 1984 | 78.72 % | +31.0% |
| 1985 | 102.39 % | +30.1% |
| 1986 | 506.89 % | +395.1% |
| 1987 | 327.27 % | -35.4% |
| 1988 | 328.1 % | +0.3% |
| 1989 | 82.19 % | -75.0% |
| 1990 | 49.34 % | -40.0% |
| 1991 | 82.83 % | +67.9% |
| 1992 | 44.1 % | -46.8% |
| 1993 | 26.89 % | -39.0% |
| 1994 | 27.29 % | +1.5% |
| 1995 | 28.21 % | +3.4% |
| 1996 | 18.85 % | -33.2% |
| 1997 | 15.29 % | -18.9% |
| 1998 | 15.11 % | -1.1% |
| 1999 | 10.78 % | -28.7% |
| 2000 | 10.43 % | -3.3% |
| 2001 | 8.98 % | -13.9% |
| 2002 | 11.32 % | +26.1% |
| 2003 | 14.5 % | +28.1% |
| 2004 | 27.04 % | +86.5% |
| 2005 | 17.28 % | -36.1% |
| 2006 | 21.83 % | +26.3% |
| 2007 | 23.19 % | +6.3% |
| 2008 | 35.96 % | +55.1% |
| 2009 | 17.43 % | -51.5% |
| 2010 | 25.11 % | +44.1% |
| 2011 | 29.2 % | +16.3% |
| 2012 | 15.08 % | -48.3% |
| 2013 | 9.82 % | -34.9% |
| 2014 | 10.36 % | +5.5% |
| 2015 | 5.15 % | -50.3% |
| 2016 | 8.63 % | +67.6% |
| 2017 | 11.61 % | +34.5% |
| 2018 | 11.36 % | -2.1% |
| 2019 | 9.96 % | -12.3% |
| 2020 | 4.37 % | -56.1% |
| 2021 | 5.51 % | +25.9% |
| 2022 | 12.5 % | +127.0% |
| 2023 | 7.05 % | -43.6% |
| 2024 | 11.55 % | +63.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.21 % | 3.5 % | 20.66 % | 9 |
| 1980s | 165.3 % | 10.63 % | 506.89 % | 10 |
| 1990s | 31.87 % | 10.78 % | 82.83 % | 10 |
| 2000s | 18.79 % | 8.98 % | 35.96 % | 10 |
| 2010s | 13.63 % | 5.15 % | 29.2 % | 10 |
| 2020s | 8.2 % | 4.37 % | 12.5 % | 5 |
Countries ranked near Viet Nam
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More economy & growth data for Viet Nam
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.99 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 gross domestic product — annual growth standard local currency in Viet Nam?
- Gross domestic product — annual growth standard local currency in Viet Nam was 11.55 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — annual growth standard local currency recorded in Viet Nam?
- The highest recorded value was 506.89 % in 1986.
- What is the lowest gross domestic product — annual growth standard local currency recorded in Viet Nam?
- The lowest recorded value was 3.5 % in 1973.
- How does Viet Nam rank for gross domestic product — annual growth standard local currency?
- Viet Nam ranks 6th out of 13 countries with data for 2024.
- Is gross domestic product — annual growth standard local currency rising or falling in Viet Nam?
- Over the last ten years it is up 11.5%. The long-run trend across the full record is volatile.
- Where does this Viet Nam data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Annual growth Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).