Vietnam: Economy
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
Economic Trivia | Vietnam is considered one of the leading agricultural exporters of Southeast Asia. |
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): China, United States, and South Korea |
Top Industries Source: CIA World Factbook | Food Processing; Garments; Shoes; Machine-Building |
Gross Domestic Product (GDP) [1]
GDP, PPP (current international) | $841,678,188,249 (2020) |
GDP Growth Rate (annual %) | 2.906% (2020) |
GDP Per Capita, PPP (current international) | $8,647 (2020) |
GDP Country Rank 30/197 (2020)
Economic Indicators [1]
Inflation, consumer prices (annual %) | 3.221% (2020) |
External debt stocks, total (DOD, current US$) | $125,045,334,156 (2020) |
Total tax rate (% of commercial profits) | 37.6% (2019) |
Real Interest Rate (5 year average %) | 6.273% (2020) |
Manufacturing, value added (% of GDP) | 16.696% (2020) |
Current Account Balance (BoP, current US$) | $14,967,000,000 (2020) |
Labor and Employment [1]
Labor Force, Total | 56,542,377 (2020) |
Employment in Agriculture (% of total employment) | 36.231% (2020) |
Employment in Industry (% of total employment) | 28.355% (2020) |
Employment in Services (% of total employment) | 35.414% (2020) |
Unemployment Rate | 2.27% (2020) |
Trade [1]
Imports of goods and services (current US$) | $278,491,616,319 (2020) |
Exports of goods and services (current US$) | $286,206,893,744 (2020) |
Total Merchandise Trade (% of GDP) | 201.166% (2020) |
FDI, net inflows (BoP, current US$) | $16,120,000,000 (2019) |
Commercial Service Exports (current US$) | $7,600,000,000 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Vietnam’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.