Vietnam Economic Statistics and Indicators
30, May 2016, EDT. Welcome to the Vietnam economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Vietnam › Change country
National or Regional Currency: Dong, VND
Year of data: 2014 › Change year
Number of Indicators Listed: 37
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 93,421,835 (July 2014 est.)
Area: total: 331,210 sq km ; land: 310,070 sq km ; water: 21,140 sq km
Natural Resources: phosphates, coal, manganese, rare earth elements, bauxite, chromate, offshore oil and gas deposits, timber, hydropower
Capital: name: Hanoi (Ha Noi) ; geographic coordinates: 21 02 N, 105 51 E ; time difference: UTC+7 (12 hours ahead of Washington, DC, during Standard Time)
Vietnam is a densely-populated developing country that has been transitioning from the rigidities of a centrally-planned economy since 1986. Vietnamese authorities have reaffirmed their commitment to economic modernization in recent years. Vietnam joined the World Trade Organization in January 2007, which has promoted more competitive, export-driven industries. Vietnam became an official negotiating partner in the Trans-Pacific Partnership trade agreement in 2010. Agriculture's share of economic output has continued to shrink from about 25% in 2000 to less than 20% in 2013, while industry's share increased from 36% to more than 42% in the same period. State-owned enterprises account for about 40% of GDP. Poverty has declined significantly, and Vietnam is working to create jobs to meet the challenge of a labor force that is growing by more than one million people every year. The global recession hurt Vietnam's export-oriented economy, with GDP in 2013 growing at 5%, the slowest rate of growth since 1999. In 2013, however, exports increased by more than 12%, year-on-year; several administrative actions brought the trade deficit back into balance. Between 2008 and 2011, Vietnam's managed currency, the dong, was devalued in excess of 20%, but its value remained relatively stable in 2013. Hanoi has oscillated between promoting growth and emphasizing macroeconomic stability in recent years. In February 2011, the government shifted from policies aimed at achieving a high rate of economic growth, which had stoked inflation, to those aimed at stabilizing the economy, through tighter monetary and fiscal control. Although Vietnam unveiled a broad, "three pillar" economic reform program in early 2012, proposing the restructuring of public investment, state-owned enterprises, and the banking sector, little perceptible progress has been made. Vietnam's economy continues to face challenges from an undercapitalized banking sector. Non-performing loans weigh heavily on banks and businesses.
More on the Vietnam Economy
More on the Vietnam Export, Import and Trade
GDP (Constant Prices, National Currency) for Vietnam in year 2014 is VND 2,683,481.21 Billion.
GDP (Current Prices, National Currency) for Vietnam in year 2014 is VND 4,024,000.00 Billion.
GDP (Current Prices, US Dollars) for Vietnam in year 2014 is US$ 187.848 Billion.
GDP Deflator for Vietnam in year 2014 is 149.954 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Vietnam in year 2014 is VND 29,609,319.52 .
GDP Per Capita (Current Prices, National Currency) for Vietnam in year 2014 is VND 44,400,497.84 .
GDP Per Capita (Current Prices, US Dollars) for Vietnam in year 2014 is US$ 2,072.70 .
GDP (PPP), US Dollars for Vietnam in year 2014 is US$ 509.466 Billion.
GDP Per Capita (PPP), US Dollars for Vietnam in year 2014 is US$ 5,621.41 .
Implied PPP Conversion Rate for Vietnam in year 2014 is 7,898.46 .
Investment (% of GDP) for Vietnam in year 2014 is 25.217 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Vietnam in year 2014 is 242.662 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Vietnam in year 2014 is 249.065 (Index, Base Year 2000 = 100).
Population for Vietnam in year 2014 is 90.63 Million .
General government revenue (National Currency) for Vietnam in year 2014 is VND 818,543.10 Billions.
General government total expenditure (National Currency) for Vietnam in year 2014 is VND 1,083,042.05 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Vietnam in year 2014 is VND -264,498.95 Billions.
General Government Structural Balance (National Currency) for Vietnam in year 2014 is VND -303,149.97 Billion.
Fiscal Year Gross Domestic Product, Current Prices for Vietnam in year 2014 is VND 4,024,000.00 Billions.
Current Account Balance (US Dollars) for Vietnam in year 2014 is US$ 7.79 Billion.
|Number of Internet Users for Vietnam|
|Internet Penetration Rate for Vietnam|
|Number of Facebook Accounts for Vietnam|
|Facebook Penetration Rate for Vietnam|
|Corruption Perceptions Index Rank and Score for Vietnam|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International