Vietnam GDP Trends from 1980 to 2024: A overall increase with some decline Flow

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%.

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.


Vietnam GDP from 1980 to 2024

The total market value of goods and services produced annually in Vietnam.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 35B 357M
    $ 652.59
    $ 538.19
    $ 29B 159M
    -3.497 %
    -1.599 %
    9.66 %
    0 %
    54M 180K people
    1981
    $ 17B 617M
    $ 318.52
    $ 610.53
    $ 33B 768M
    5.797 %
    -4.197 %
    7.07 %
    0 %
    55M 310K people
    1982
    $ 23B 369M
    $ 414.35
    $ 687.54
    $ 38B 777M
    8.15 %
    -2.635 %
    8.63 %
    0 %
    56M 400K people
    1983
    $ 35B 204M
    $ 612.57
    $ 750.90
    $ 43B 154M
    7.093 %
    -1.946 %
    9.32 %
    0 %
    57M 470K people
    1984
    $ 61B 171M
    $ 1,044.41
    $ 827.49
    $ 48B 466M
    8.397 %
    -1.602 %
    9.66 %
    0 %
    58M 570K people
    1985
    $ 19B 45M
    $ 318.96
    $ 884.42
    $ 52B 808M
    5.619 %
    -4.951 %
    6.31 %
    0 %
    59M 710K people
    1986
    $ 43B 9M
    $ 705.99
    $ 913.99
    $ 55B 680M
    3.357 %
    -3.441 %
    7.82 %
    0 %
    60M 920K people
    1987
    $ 53B 385M
    $ 856.91
    $ 939.24
    $ 58B 514M
    2.549 %
    -2.6 %
    8.66 %
    0 %
    62M 300K people
    1988
    $ 29B 501M
    $ 464.58
    $ 1,002.64
    $ 63B 667M
    5.1 %
    -2.607 %
    8.66 %
    0 %
    63M 500K people
    1989
    $ 7B 991M
    $ 123.36
    $ 1,101.14
    $ 71B 325M
    7.8 %
    -7.308 %
    5.49 %
    0 %
    64M 774K people
    1990
    $ 8B 217M
    $ 121.72
    $ 1,151.32
    $ 77B 729M
    5.047 %
    -3.152 %
    8.16 %
    0 %
    67M 513K people
    1991
    $ 9B 704M
    $ 141.11
    $ 1,236.45
    $ 85B 26M
    5.809 %
    -1.375 %
    10.44 %
    0 %
    68M 766K people
    1992
    $ 12B 528M
    $ 178.97
    $ 1,350.39
    $ 94B 530M
    8.7 %
    -0.062 %
    13.83 %
    0 %
    70M 2K people
    1993
    $ 16B 736M
    $ 234.98
    $ 1,468.45
    $ 104B 587M
    8.078 %
    -8.335 %
    10.77 %
    0 %
    71M 223K people
    1994
    $ 20B 712M
    $ 285.95
    $ 1,605.10
    $ 116B 257M
    8.834 %
    -9.038 %
    11.03 %
    0 %
    72M 430K people
    1995
    $ 26B 407M
    $ 358.66
    $ 1,765.89
    $ 130B 18M
    9.54 %
    -10.029 %
    11.35 %
    0 %
    73M 627K people
    1996
    $ 31B 352M
    $ 419.06
    $ 1,934.97
    $ 144B 765M
    9.34 %
    -6.443 %
    15.69 %
    0 %
    74M 815K people
    1997
    $ 34B 146M
    $ 449.34
    $ 2,095.84
    $ 159B 265M
    8.152 %
    -4.475 %
    17.81 %
    0 %
    75M 991K people
    1998
    $ 34B 580M
    $ 448.12
    $ 2,207.43
    $ 170B 340M
    5.765 %
    -3.971 %
    18.91 %
    0.348 %
    77M 167K people
    1999
    $ 36B 444M
    $ 465.25
    $ 2,310.61
    $ 180B 996M
    4.774 %
    3.23 %
    24.99 %
    -0.788 %
    78M 333K people