Vietnam Real GDP Growth
The Gross Domestic Product (GDP) in Vietnam expanded 28.8 % YoY in Dec 2020, following a growth of 10.8 % in the previous quarter. Real GDP Growth YoY data in Vietnam is updated quarterly, available from Jun 2010 to Dec 2020, with an average rate of 23.6 %. The data reached an all-time high of 30.9 % in Jun 2017 and a record low of -41.8 % in Mar 2020. CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The General Statistics Office provides Real GDP in local currency, at 2010 prices.
In the latest reports, Nominal GDP of Vietnam reached 271.2 USD bn in Dec 2020. Its GDP deflator (implicit price deflator) increased 1.3 % in Dec 2020. GDP Per Capita in Vietnam reached 2,777.0 USD in Dec 2020. Its Gross Savings Rate was measured at 24.8 % in Dec 2020. For Nominal GDP contributions, Investment accounted for 26.7 % in Dec 2020. Public Consumption accounted for 6.8 % in Dec 2020. Private Consumption accounted for 68.4 % in Dec 2020.
View Vietnam's Real GDP Growth from Jun 2010 to Dec 2020 in the chart:
What was Vietnam's Real GDP Growth in Dec 2020?
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
28.8 Dec 2020 | 10.8 Sep 2020 | -41.8 Mar 2020 | 30.9 Jun 2017 | % | quarterly | Jun 2010 - Dec 2020 |
Real GDP Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | -3.5 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
Algeria (%) | -3.9 Mar 2020 | quarterly | Mar 2012 - Mar 2020 |
Argentina (%) | -10.1 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
Armenia (%) | -9.1 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Australia (%) | -3.8 Sep 2020 | quarterly | Sep 1960 - Sep 2020 |
Austria (%) | -4.2 Sep 2020 | quarterly | Mar 1989 - Sep 2020 |
Azerbaijan (%) | 0.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
Bahrain (%) | -5.5 Dec 2020 | quarterly | Mar 2009 - Dec 2020 |
Bangladesh (%) | 5.2 2020 | yearly | 2007 - 2020 |
Belarus (%) | -0.2 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
Belgium (%) | -5.1 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
Bolivia (%) | -21.7 Jun 2020 | quarterly | Mar 1991 - Jun 2020 |
Bosnia and Herzegovina (%) | -6.3 Sep 2020 | quarterly | Mar 2009 - Sep 2020 |
Botswana (%) | -5.9 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
Brazil (%) | -3.9 Sep 2020 | quarterly | Mar 1997 - Sep 2020 |
Brunei (%) | 0.5 Sep 2020 | quarterly | Mar 2005 - Sep 2020 |
Bulgaria (%) | -5.2 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Cambodia (%) | 7.1 2019 | yearly | 1994 - 2019 |
Canada (%) | -5.2 Sep 2020 | quarterly | Mar 1962 - Sep 2020 |
Chile (%) | -10.3 Sep 2020 | quarterly | Mar 1987 - Sep 2020 |
China (%) | 6.5 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
Colombia (%) | -9.5 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Croatia (%) | -10.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Cyprus (%) | -4.4 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Czech Republic (%) | -5.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Denmark (%) | -3.7 Sep 2020 | quarterly | Mar 1992 - Sep 2020 |
Ecuador (%) | -8.8 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
Egypt (%) | -1.7 Jun 2020 | quarterly | Sep 2002 - Jun 2020 |
Estonia (%) | -2.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
European Union (%) | -4.8 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
Finland (%) | -3.0 Sep 2020 | quarterly | Mar 1976 - Sep 2020 |
France (%) | -5.0 Dec 2020 | quarterly | Mar 1950 - Dec 2020 |
Georgia (%) | -5.6 Sep 2020 | quarterly | Mar 1998 - Sep 2020 |
Germany (%) | -3.6 Dec 2020 | quarterly | Mar 1992 - Dec 2020 |
Ghana (%) | -0.3 Sep 2020 | quarterly | Jun 2006 - Sep 2020 |
Greece (%) | -11.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Hong Kong SAR, China (%) | -3.4 Sep 2020 | quarterly | Mar 1991 - Sep 2020 |
Hungary (%) | -4.6 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Iceland (%) | -6.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
India (%) | -7.5 Sep 2020 | quarterly | Jun 2005 - Sep 2020 |
Indonesia (%) | -2.2 Dec 2020 | quarterly | Mar 1994 - Dec 2020 |
Iran (%) | -2.8 Jun 2020 | quarterly | Jun 1989 - Jun 2020 |
Ireland (%) | 8.1 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Israel (%) | -1.1 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Italy (%) | -6.6 Dec 2020 | quarterly | Mar 1982 - Dec 2020 |
Ivory Coast (%) | 7.4 2018 | yearly | 1966 - 2018 |
Japan (%) | -5.7 Sep 2020 | quarterly | Mar 1956 - Sep 2020 |
Jordan (%) | -2.2 Sep 2020 | quarterly | Mar 1993 - Sep 2020 |
Kazakhstan (%) | -4.9 Sep 2020 | quarterly | Mar 2006 - Sep 2020 |
Kenya (%) | -1.9 Sep 2020 | quarterly | Mar 2010 - Sep 2020 |
South Korea (%) | -1.3 Dec 2020 | quarterly | Mar 1961 - Dec 2020 |
Kosovo (%) | 0.7 Dec 2020 | quarterly | Mar 2011 - Dec 2020 |
Kuwait (%) | -2.5 Mar 2020 | quarterly | Jun 2010 - Mar 2020 |
Kyrgyzstan (%) | -6.0 Sep 2020 | quarterly | Mar 2007 - Sep 2020 |
Laos (%) | 5.5 2019 | yearly | 2003 - 2019 |
Latvia (%) | -1.7 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
Lebanon (%) | -1.9 2018 | yearly | 2005 - 2018 |
Lithuania (%) | -1.3 Dec 2020 | quarterly | Jun 1995 - Dec 2020 |
Luxembourg (%) | 0.5 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Macau SAR, China (%) | -63.8 Sep 2020 | quarterly | Mar 2002 - Sep 2020 |
North Macedonia (%) | -3.3 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | -2.7 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Malta (%) | -9.9 Sep 2020 | quarterly | Mar 2001 - Sep 2020 |
Mauritius (%) | -32.5 Jun 2020 | quarterly | Mar 2001 - Jun 2020 |
Mexico (%) | -4.6 Dec 2020 | quarterly | Mar 1981 - Dec 2020 |
Moldova (%) | 0.9 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Mongolia (%) | -3.1 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Montenegro (%) | -26.9 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Morocco (%) | -7.2 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 6.8 2019 | yearly | 2011 - 2019 |
Nepal (%) | -2.7 Mar 2020 | quarterly | Dec 2004 - Mar 2020 |
Netherlands (%) | -2.5 Sep 2020 | quarterly | Mar 1997 - Sep 2020 |
New Zealand (%) | 3.9 Sep 2020 | quarterly | Jun 1983 - Sep 2020 |
Nigeria (%) | -3.6 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Norway (%) | -0.1 Sep 2020 | quarterly | Mar 1979 - Sep 2020 |
Oman (%) | -0.8 2019 | yearly | 1999 - 2019 |
Pakistan (%) | 0.5 2020 | yearly | 2001 - 2020 |
Palestinian Territory (%) | 11.8 Sep 2020 | quarterly | Jun 2011 - Sep 2020 |
Panama (%) | -23.6 Sep 2020 | quarterly | Mar 2008 - Sep 2020 |
Paraguay (%) | -1.2 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
Peru (%) | -9.4 Sep 2020 | quarterly | Mar 1981 - Sep 2020 |
Philippines (%) | -8.4 Dec 2020 | quarterly | Mar 1999 - Dec 2020 |
Poland (%) | -1.8 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | -4.5 Sep 2020 | quarterly | Mar 2012 - Sep 2020 |
Romania (%) | -5.7 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Russia (%) | -3.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Saudi Arabia (%) | -4.6 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | -3.8 Dec 2020 | quarterly | Mar 1976 - Dec 2020 |
Slovakia (%) | -2.3 Sep 2020 | quarterly | Mar 1994 - Sep 2020 |
Slovenia (%) | -2.9 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
South Africa (%) | -6.1 Sep 2020 | quarterly | Mar 1961 - Sep 2020 |
Spain (%) | -9.1 Dec 2020 | quarterly | Mar 1996 - Dec 2020 |
Sri Lanka (%) | 1.5 Sep 2020 | quarterly | Mar 2011 - Sep 2020 |
Sudan (%) | -1.3 2019 | yearly | 1983 - 2019 |
Sweden (%) | -2.6 Dec 2020 | quarterly | Mar 1982 - Dec 2020 |
Switzerland (%) | -1.7 Sep 2020 | quarterly | Mar 1966 - Sep 2020 |
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Learn more about what we doVietnam Key Series
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -5.2 2018 | yearly | 1990 - 2018 |
Tax Revenue (USD mn) | 10,630.267 Dec 2020 | quarterly | Mar 2005 - Dec 2020 |
Tax Revenue: % of GDP (%) | 15.5 2020 | yearly | 2004 - 2020 |
National Government Debt (USD mn) | 125,215.3 2019 | yearly | 2010 - 2019 |
Government Debt: % of GDP (%) | 48.5 2020 | yearly | 2010 - 2020 |
Forecast: Government Expenditure (VND bn) | 3,017,043.470 2026 | yearly | 1998 - 2026 |
Forecast: Government Net Debt (VND bn) | 6,475,625.070 2026 | yearly | 2000 - 2026 |
Forecast: Government Revenue (VND bn) | 2,576,442.940 2026 | yearly | 1998 - 2026 |
State Govt Budget: ytd: Revenue (VND bn) | 1,323,100.000 Dec 2020 | quarterly | Dec 2004 - Dec 2020 |
State Govt Budget: ytd: Revenue: Tax: Value Added Tax (VND bn) | 310,209.600 Dec 2020 | quarterly | Dec 2004 - Dec 2020 |
State Govt Budget: ytd: Revenue: Tax: Special Consumption Tax (VND bn) | 89,094.700 Dec 2020 | quarterly | Dec 2004 - Dec 2020 |
State Govt Budget: ytd: Expenditure: Current (VND bn) | 1,190,848.000 Dec 2020 | quarterly | Dec 2004 - Dec 2020 |
State Govt Budget: ytd: Expenditure excl Principal Payment (VND bn) | 1,686,210.000 Dec 2020 | quarterly | Dec 2004 - Dec 2020 |
GD: Outstanding: External: VND (VND bn) | 1,104,699.340 2019 | yearly | 2002 - 2019 |
GD: Outstanding: Domestic: VND (VND bn) | 1,793,158.440 2019 | yearly | 2010 - 2019 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 5.432 2026 | yearly | 1980 - 2026 |
Trade Balance (USD mn) | 400.0 Mar 2021 | monthly | Jan 1996 - Mar 2021 |
Total Exports (USD mn) | 20,195.7 Feb 2021 | monthly | Jan 1997 - Feb 2021 |
Total Exports Growth (%) | 19.2 Mar 2021 | monthly | Jan 1998 - Mar 2021 |
Aluminum: Exports (USD th) | 511,130.993 2019 | yearly | 1995 - 2019 |
Exports: Medicament (USD th) | 159,636.486 2019 | yearly | 1995 - 2019 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 44,110.322 2019 | yearly | 1995 - 2019 |
Total Imports (USD mn) | 27,904.8 Dec 2020 | monthly | Jan 1997 - Dec 2020 |
Total Imports Growth (%) | 27.7 Mar 2021 | monthly | Jan 1998 - Mar 2021 |
Imports: Medicament (USD th) | 2,748,985.842 2019 | yearly | 1995 - 2019 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 973,341.948 2019 | yearly | 1995 - 2019 |
Total Exports to USA (USD mn) | 8,183.255 Jan 2021 | monthly | Jan 1960 - Jan 2021 |
Total Imports from USA (USD mn) | 1,049.427 Oct 2020 | monthly | Jan 1990 - Oct 2020 |
Total Exports to China (USD mn) | 3,368.444 Feb 2021 | monthly | Jan 2013 - Feb 2021 |
Total Imports from China (USD mn) | 6,262.461 Feb 2021 | monthly | Jan 1991 - Feb 2021 |
Exports: Japan (USD) | 1,467,599,017.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: Canada (USD) | 314,331,082.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: Australia (USD) | 293,830,219.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: United States (USD) | 4,562,588,364.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: China (USD) | 2,888,701,593.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Exports: ytd: Crude Oil (USD mn) | 383.737 Mar 2021 | monthly | Dec 1999 - Mar 2021 |
Exports: ytd: Textiles and Garments (USD mn) | 7,183.674 Mar 2021 | monthly | Apr 1998 - Mar 2021 |
Exports: ytd: Aqua Products (USD mn) | 1,687.426 Mar 2021 | monthly | Apr 1998 - Mar 2021 |
Exports: ytd: Footwear (USD mn) | 4,738.436 Mar 2021 | monthly | Apr 1998 - Mar 2021 |
Exports: ytd: Rice (USD mn) | 605.840 Mar 2021 | monthly | Dec 1999 - Mar 2021 |
Imports: Singapore (USD) | 370,217,737.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: United States of America (USD) | 1,363,320,562.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: Australia (USD) | 388,919,219.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: Thailand (USD) | 1,010,176,779.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: China (USD) | 6,536,188,277.000 Apr 2019 | monthly | Jan 2013 - Apr 2019 |
Imports: ytd: Machinery and Spare Parts (USD mn) | 10,813.907 Mar 2021 | monthly | Jan 1998 - Mar 2021 |
Imports: ytd: Garments (USD mn) | 2,890.595 Mar 2021 | monthly | Dec 1999 - Mar 2021 |
Imports: ytd: Steel Products (USD mn) | 2,569.288 Mar 2021 | monthly | Mar 2000 - Mar 2021 |
Imports: ytd: Petroleum (USD mn) | 1,007.083 Mar 2021 | monthly | Mar 2000 - Mar 2021 |
Imports: ytd: Computers, Electronic Product (USD mn) | 16,787.665 Mar 2021 | monthly | Dec 1999 - Mar 2021 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 75.0 Sep 2020 | quarterly | Dec 2005 - Sep 2020 |
Current Account Balance (USD mn) | 8,368.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Current Account Balance: % of GDP (%) | 4.8 2019 | yearly | 1989 - 2019 |
Foreign Direct Investment (USD mn) | 4,080.0 Sep 2020 | quarterly | Mar 1996 - Sep 2020 |
Foreign Direct Investment: % of GDP (%) | 6.2 2019 | yearly | 1985 - 2019 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -98.0 Dec 2014 | quarterly | Mar 2005 - Dec 2014 |
Foreign Portfolio Investment: % of GDP (%) | 1.1 2019 | yearly | 2005 - 2019 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -83.000 Dec 2014 | quarterly | Mar 2005 - Dec 2014 |
Foreign Portfolio Investment (USD mn) | -16.000 Sep 2020 | quarterly | Dec 2005 - Sep 2020 |
External Debt (USD mn) | 122,779.6 2019 | yearly | 2010 - 2019 |
External Debt: % of GDP (%) | 47.1 2019 | yearly | 2010 - 2019 |
Forecast: Current Account Balance (USD bn) | -0.006 2026 | yearly | 1980 - 2026 |
Government Debt: % of GDP (%) | 48.500 2020 | yearly | 2010 - 2020 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 2.1 Sep 2020 | quarterly | Dec 2011 - Sep 2020 |
Money Supply M1 (USD mn) | 111,866.953 Dec 2019 | monthly | Dec 2000 - Dec 2019 |
Money Supply M2 (USD mn) | 429,871.294 Dec 2019 | monthly | Dec 2000 - Dec 2019 |
M2 Growth (%) | 13.6 Dec 2019 | monthly | Dec 1993 - Dec 2019 |
Reserve Requirement Ratio (%) | 3.0 Feb 2021 | monthly | Feb 2010 - Feb 2021 |
Foreign Exchange Reserves (USD mn) | 88,351.2 Sep 2020 | monthly | Jan 1995 - Sep 2020 |
Foreign Exchange Reserves: % of GDP (%) | 3.000 Jan 2021 | monthly | Feb 2010 - Jan 2021 |
Foreign Exchange Reserves: Months of Import (NA) | 3.7 Sep 2020 | monthly | Mar 1997 - Sep 2020 |
Gold Reserves (USD mn) | 616.690 Sep 2020 | monthly | Jan 1995 - Sep 2020 |
Domestic Credit (USD mn) | 370,807.0 Dec 2019 | monthly | Dec 1992 - Dec 2019 |
Domestic Credit Growth (%) | 9.3 Dec 2019 | monthly | Dec 1993 - Dec 2019 |
Total Loans (USD mn) | 374,501.400 Sep 2020 | monthly | Apr 2012 - Sep 2020 |
Total Loans Growth (%) | 10.21 Sep 2020 | monthly | Apr 2013 - Sep 2020 |
Private Debt: % of Nominal GDP (%) | 137.91 Dec 2019 | quarterly | Dec 2010 - Dec 2019 |
Money Supply M1 (VND bn) | 2,434,261.609 Jun 2020 | quarterly | Dec 1992 - Jun 2020 |
Foreign Reserves: Total Include Gold (USD mn) | 89,356.600 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
Foreign Reserves: Foreign Exchange (USD mn) | 88,351.210 Sep 2020 | quarterly | Mar 1995 - Sep 2020 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Global Competitiveness Index (Score) | 61.543 2019 | yearly | 2017 - 2019 |
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