Vietnam's GDP changed from approximately $35B 357M in 1980 to $465B 814M in 2024, showing an overall 1217.5% sharply increased during the period.
The lowest GDP was recorded in 1989 at $7B 991M, and the highest in 2024 at $465B 814M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.0%.
For comparison, the average annual growth rate of Thailand was 6.6%, and that of China was 9.8%.
Vietnam GDP from 1980 to 2024
The total market value of goods and services produced annually in Vietnam.
Overview of Vietnam's GDP (1980–2024)
The Gross Domestic Product (GDP) of Vietnam recorded a 1217.5% sharply increased from 1980 to 2024.
The average GDP during this period was $126B 360M, and the median was $53B 385M.
GDP fluctuated within a range of $457B 823M, with a standard deviation of $133B 325M.
The average annual change was $8B 884M.
Highest and Lowest GDP Records
- Lowest GDP: 1989, $7B 991M
- Highest GDP: 2024, $465B 814M
- Most Recent GDP: 2024, $465B 814M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 1985: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Vietnam's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $331B 818M → $346B 310M
- Outcome: increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $98B 426M → $129B 21M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $39B 585M → $41B 297M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $34B 146M → $34B 580M
- Outcome: increased
Key Economic Indicators of Vietnam (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -3.497 % | $ 35B 357M | $ 29B 159M | $ 652.59 | $ 538.19 | 9.66 % | 54M 180K people | -1.599 % | 0 % |
1981 | 5.797 % | $ 17B 617M | $ 33B 768M | $ 318.52 | $ 610.53 | 7.07 % | 55M 310K people | -4.197 % | 0 % |
1982 | 8.15 % | $ 23B 369M | $ 38B 777M | $ 414.35 | $ 687.54 | 8.63 % | 56M 400K people | -2.635 % | 0 % |
1983 | 7.093 % | $ 35B 204M | $ 43B 154M | $ 612.57 | $ 750.90 | 9.32 % | 57M 470K people | -1.946 % | 0 % |
1984 | 8.397 % | $ 61B 171M | $ 48B 466M | $ 1,044.41 | $ 827.49 | 9.66 % | 58M 570K people | -1.602 % | 0 % |
1985 | 5.619 % | $ 19B 45M | $ 52B 808M | $ 318.96 | $ 884.42 | 6.31 % | 59M 710K people | -4.951 % | 0 % |
1986 | 3.357 % | $ 43B 9M | $ 55B 680M | $ 705.99 | $ 913.99 | 7.82 % | 60M 920K people | -3.441 % | 0 % |
1987 | 2.549 % | $ 53B 385M | $ 58B 514M | $ 856.91 | $ 939.24 | 8.66 % | 62M 300K people | -2.6 % | 0 % |
1988 | 5.1 % | $ 29B 501M | $ 63B 667M | $ 464.58 | $ 1,002.64 | 8.66 % | 63M 500K people | -2.607 % | 0 % |
1989 | 7.8 % | $ 7B 991M | $ 71B 325M | $ 123.36 | $ 1,101.14 | 5.49 % | 64M 774K people | -7.308 % | 0 % |
1990 | 5.047 % | $ 8B 217M | $ 77B 729M | $ 121.72 | $ 1,151.32 | 8.16 % | 67M 513K people | -3.152 % | 0 % |
1991 | 5.809 % | $ 9B 704M | $ 85B 26M | $ 141.11 | $ 1,236.45 | 10.44 % | 68M 766K people | -1.375 % | 0 % |
1992 | 8.7 % | $ 12B 528M | $ 94B 530M | $ 178.97 | $ 1,350.39 | 13.83 % | 70M 2K people | -0.062 % | 0 % |
1993 | 8.078 % | $ 16B 736M | $ 104B 587M | $ 234.98 | $ 1,468.45 | 10.77 % | 71M 223K people | -8.335 % | 0 % |
1994 | 8.834 % | $ 20B 712M | $ 116B 257M | $ 285.95 | $ 1,605.10 | 11.03 % | 72M 430K people | -9.038 % | 0 % |
1995 | 9.54 % | $ 26B 407M | $ 130B 18M | $ 358.66 | $ 1,765.89 | 11.35 % | 73M 627K people | -10.029 % | 0 % |
1996 | 9.34 % | $ 31B 352M | $ 144B 765M | $ 419.06 | $ 1,934.97 | 15.69 % | 74M 815K people | -6.443 % | 0 % |
1997 | 8.152 % | $ 34B 146M | $ 159B 265M | $ 449.34 | $ 2,095.84 | 17.81 % | 75M 991K people | -4.475 % | 0 % |
1998 | 5.765 % | $ 34B 580M | $ 170B 340M | $ 448.12 | $ 2,207.43 | 18.91 % | 77M 167K people | -3.971 % | 0.348 % |
1999 | 4.774 % | $ 36B 444M | $ 180B 996M | $ 465.25 | $ 2,310.61 | 24.99 % | 78M 333K people | 3.23 % | -0.788 % |