Vietnam GDP Growth Rate

The Gross Domestic Product (GDP) in Vietnam expanded 5.54 percent in the third quarter of 2013 over the same quarter of the previous year. GDP Growth Rate in Vietnam is reported by the General Statistics Office of Vietnam. From 2000 until 2013, Vietnam GDP Growth Rate averaged 6.2 Percent reaching an all time high of 8.5 Percent in December of 2007 and a record low of 3.1 Percent in March of 2009. Vietnam is a developing economy in the Southeast Asia. In recent years, the nation has been rising as a leading agricultural exporter and an attractive foreign investment destination. Vietnam's key products are: rice, cashew nuts, black pepper, coffee, tea, fishery products and rubber. Manufacturing, information technology and high-tech industries constitute a fast growing part of the economy. Vietnam is also one of the largest oil producers in the region. This page provides - Vietnam GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.54 5.00 8.46 3.14 5.23 | 2014/06 2000 - 2013 Percent Quarterly

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Vietnam GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 141.67 2012-12-31 123.96 141.67 6.30 170.31 2014-06-30 USD Billion [+]
GDP Constant Prices 503683.00 2014-03-31 2543584.00 2543584.00 480455.00 678886.58 2014-06-30 VND Billion [+]
GDP Growth Rate 5.54 2013-09-30 5.00 8.46 3.14 5.23 2014-06-30 Percent [+]
GDP Annual Growth Rate 4.96 2014-03-31 6.04 8.48 3.12 5.47 2014-06-30 Percent [+]
Gross Fixed Capital Formation 785337.34 2012-06-29 745494.07 785337.34 5495.00 787073.30 2012-12-31 VND Billion [+]
Gross National Product 3102553.00 2012-06-30 2660076.00 3102553.00 39284.00 3988485.37 2014-06-30 VND Billion [+]
GDP per capita 931.03 2012-12-31 895.90 931.03 234.66 983.25 2014-06-30 USD [+]
GDP per capita PPP 3133.06 2012-12-31 3014.84 3133.06 789.68 3308.79 2014-06-30 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Vietnam Retail Sales YoY at 10.10 Percent  
Retail Sales in Vietnam increased 10.10 percent in March of 2014 over the same month in the previous year. Retail Sales Yoy in Vietnam is reported by the General Statistics Office of Vietnam.
Vietnam Car Sales at 9295.00 Cars  
Car Registrations in Vietnam increased to 9295 Cars in November of 2013 from 8720 Cars in October of 2013. Car Registrations in Vietnam is reported by the Vietnam Automobile Manufacturers Association.
Vietnam Changes in Inventories at 98822.63 VND Billion  
Changes in Inventories in Vietnam increased to 98822.63 VND Billion in 2012 from 81538.12 VND Billion in 2011. Changes in Inventories in Vietnam is reported by the General Statistics Office of Vietnam.
Vietnam Consumer Price Index (CPI) at 156.95 Index Points  
Consumer Price Index (CPI) in Vietnam decreased to 156.95 Index Points in March of 2014 from 157.64 Index Points in February of 2014. Consumer Price Index (CPI) in Vietnam is reported by the General Statistics Office of Vietnam.
Vietnam Consumer Spending at 2093260.97 VND Billion  
Consumer Spending in Vietnam increased to 2093260.97 VND Billion in 2012 from 1844377 VND Billion in 2011. Consumer Spending in Vietnam is reported by the General Statistics Office of Vietnam.
Vietnam Current Account at 9061.00 USD Million  
Vietnam recorded a Current Account surplus of 9061 USD Million in 2012. Current Account in Vietnam is reported by the Asian Development Bank.
Vietnam Export Prices at 99.50 Index Points  
Export Prices in Vietnam decreased to 99.50 Index Points in 2012 from 119.60 Index Points in 2011. Export Prices in Vietnam is reported by the General Statistics Office of Vietnam.
Vietnam Foreign Direct Investment at 2515.00 USD Million  
Foreign Direct Investment in Vietnam increased to 2515 USD Million in the second quarter of 2013 from 1931 USD Million in the first quarter of 2013. Foreign Direct Investment in Vietnam is reported by the The State Bank of Vietnam.
Vietnam GDP Deflator at 134.51 Index Points  
GDP Deflator in Vietnam increased to 134.51 Index Points in 2012 from 121.26 Index Points in 2011. GDP Deflator in Vietnam is reported by the General Statistics Office of Vietnam.
Vietnam Government Budget Value at -129537.00 VND Billion  
Vietnam recorded a government budget deficit of 129537 VND Billion in the second quarter of 2012. Government Budget Value in Vietnam is reported by the Asian Development Bank.
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