Gross domestic product (GDP) in Vietnam 2024*

In 2018, Vietnam’s gross domestic product (GDP) amounted to around 241.27 billion U.S. dollars, and is expected to increase to almost 395 billion U.S. dollars by 2024. Gross domestic product denotes the aggregate value of all services and goods produced within a country in any given year, and it is an important indicator of a country’s economic power.

Vietnam’s economy

Vietnam’s economy has a strong agrarian base, with key agricultural exports of wet rice, coffee, and black pepper. However, in the past decade (2008 to 2018), agriculture's contribution to Vietnam's GDP has been decreasing while the country’s industry sector experienced rapid growth at the same time. As of 2018, Vietnam’s top exports include information technology hardware, such as broadcasting equipment and mobile devices.

Vietnam’s regional comparison

Vietnam is part of the Association of Southeast Asian Nations (ASEAN), which encompasses regional nations with the goal of fostering trade and economic growth. The region has been reporting increasing GDP, amounting to 2.9 trillion U.S. dollars in 2018. Vietnam is one of the ASEAN countries experiencing export trade growth, and has had consistent yearly growth in GDP, at a rate of around six percent.

Vietnam: Gross domestic product (GDP) in current prices from 1984 to 2024*

Gross domestic product in billion U.S. dollars
2024*394.89
2023*363.03
2022*334.5
2021*308.63
2020*284.85
2019*261.64
2018241.27
2017220.38
2016201.33
2015191.29
2014185.76
2013170.44
2012 155.48
2011 136.6
2010 112.77
2009 101.63
2008 98.27
2007 77.52
2006 66.39
2005 57.65
2004 49.52
2003 39.56
2002 35.1
2001 32.52
2000 31.18
1999 28.7
1998 27.23
1997 26.89
1996 24.69
1995 20.8
1994 16.31
1993 13.18
1992 9.87
1991 7.64
1990 6.47
1989 6.29
1988 23.23
1987 42.05
1986 33.87
1985 15
1984 48.18
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Source

Release date

October 2019

Region

Vietnam

Survey time period

1984 to 2018

Supplementary notes

* Estimate.

Figures have been rounded up to facilitate the comprehension of the statistic.

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Statistics on "Vietnam"

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