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Vietnam

Headline economic indicators for Vietnam, with the most recent official readings.

Prices

Prices — Vietnam
Indicator Value Change
Inflation rate · 3.3% -0.31 (-8.6%)
Consumer price index · 196.0 +6.28 (+3.3%)
GDP deflator inflation · 3.3% -0.88 (-20.8%)

GDP

GDP — Vietnam
Indicator Value Change
GDP growth rate · 8.0% +0.98 (+13.9%)
GDP per capita · 5,065.99 +349.33 (+7.4%)
GDP per capita, long-run history · 8,050 +542.60 (+7.2%)
GDP · 514,697,215,165.07 +38,372,642,381 (+8.1%)
GDP, PPP · 1,837,764,100,908 +182,787,113,280 (+11.0%)
GDP per capita, PPP · 18,088 +1,701 (+10.4%)
GDP per capita growth · 7.4% +1.00 (+15.8%)
GNI per capita · 4,970 +480.00 (+10.7%)
Agriculture to GDP · 11.6% -0.38 (-3.2%)
Industry to GDP · 37.6% +0.13 (+0.4%)
Manufacturing to GDP · 24.5% +0.19 (+0.8%)
Services to GDP · 42.7% +0.39 (+0.9%)
Household consumption to GDP · 53.2% -0.35 (-0.6%)
Gross capital formation to GDP · 30.8% +0.21 (+0.7%)
Gross savings to GDP · 37.7% +0.64 (+1.7%)

Labour

Labour — Vietnam
Indicator Value Change
Unemployment rate · 1.5% -0.08 (-4.9%)
Labour force participation rate · 72.8% -0.36 (-0.5%)
Female labour force participation rate · 68.6% -0.35 (-0.5%)
Youth unemployment rate · 6.2% -0.17 (-2.7%)
Employment to population ratio · 71.7% -0.29 (-0.4%)
Employment in agriculture · 25.0% -0.83 (-3.2%)
Employment in industry · 34.8% +0.51 (+1.5%)
Employment in services · 40.1% +0.32 (+0.8%)

Money

Money — Vietnam
Indicator Value Change
Real interest rate · 7.0% +3.59 (+104.9%)
Broad money to GDP · 136.3% -9.90 (-6.8%)
Private sector credit to GDP · 125.0% +0.68 (+0.5%)
Lending rate · 9.3% +1.31 (+16.3%)
Bank deposit rate · 4.8% +0.96 (+25.2%)
Stock market capitalization to GDP · 61.4% +18.44 (+42.9%)
Bank nonperforming loans · 4.8% -0.56 (-10.4%)
Official exchange rate · 24,164.89 +377.57 (+1.6%)

Trade

Trade — Vietnam
Indicator Value Change
Current account to GDP · 6.4% +0.10 (+1.6%)
Exports to GDP · 98.2% +8.08 (+9.0%)
Imports to GDP · 92.1% +8.37 (+10.0%)
Trade to GDP · 190.3% +16.45 (+9.5%)
Exports of goods and services · 505,661,231,330.22 +76,177,134,113 (+17.7%)
Imports of goods and services · 473,997,023,086.44 +75,222,897,445 (+18.9%)
Trade balance, goods and services (annual) · 31,663,000,000 -1,176,000,000 (-3.6%)
Current account balance (annual) · 33,135,000,000 +2,960,000,000 (+9.8%)
Foreign direct investment to GDP · 4.3% +0.04 (+0.9%)
Remittances received to GDP · 5.1% -0.22 (-4.2%)
Total reserves, including gold · 85,580,367,980.97 +2,498,513,053 (+3.0%)
Reserves in months of imports · 2.1 -0.29 (-12.3%)
External debt to GNI · 28.8% -5.63 (-16.3%)

Government

Government — Vietnam
Indicator Value Change
Government consumption to GDP · 9.4% +0.53 (+6.0%)
Education spending to GDP · 2.9% -0.06 (-2.0%)
Health spending to GDP · 4.6% +0.02 (+0.5%)

Demography

Demography — Vietnam
Indicator Value Change
Population · 101,598,527 +610,841 (+0.6%)
Population, long-run history · 103,574 +758.27 (+0.7%)
Population growth · 0.6% -0.03 (-4.5%)
Life expectancy · 74.7 +0.15 (+0.2%)
Fertility rate · 1.90 -0.02 (-0.9%)
Birth rate · 13.4 -0.41 (-2.9%)
Death rate · 6.6 +0.07 (+1.0%)
Urban population share · 38.8% +0.34 (+0.9%)
Population aged 65 and over · 9.5% +0.45 (+4.9%)
Under-five mortality rate · 17.3 -0.50 (-2.8%)
Population density · 322.2 +2.03 (+0.6%)
Net migration · -48,171 +11,474 (+19.2%)
Gini index · 36.1 -0.70 (-1.9%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Vietnam; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.