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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
