Vietnam Real GDP Growth

2010 - 2024 | Quarterly | % | CEIC Data

Key information about Vietnam Real GDP Growth

  • The Gross Domestic Product (GDP) in Vietnam expanded 3.4 % YoY in Sep 2024, following a growth of 7.9 % in the previous quarter.
  • Real GDP Growth YoY data in Vietnam is updated quarterly, available from Jun 2010 to Sep 2024, with an average rate of 3.2 %.
  • The data reached an all-time high of 20.1 % in Dec 2021 and a record low of -14.9 % in Mar 2024.
CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The General Statistics Office provides Real GDP in local currency, at 2010 prices.


Related information about Vietnam Real GDP Growth

  • In the latest reports, Nominal GDP of Vietnam reached 362.6 USD bn in Dec 2021.
  • Its GDP deflator (implicit price deflator) increased 3.9 % in Sep 2022.
  • GDP Per Capita in Vietnam reached 3,716.8 USD in Dec 2021.
  • Its Gross Savings Rate was measured at 36.7 % in Dec 2023.
  • For Nominal GDP contributions, Investment accounted for 32.0 % in Dec 2023.
  • Public Consumption accounted for 9.0 % in Dec 2022.
  • Private Consumption accounted for 54.4 % in Dec 2023.

View Vietnam's Real GDP Growth from Jun 2010 to Sep 2024 in the chart:

Vietnam Real GDP Growth

What was Vietnam's Real GDP Growth in Sep 2024?

The Gross Domestic Product (GDP) in Vietnam expanded 3.4 % YoY in Sep 2024, following a growth of 7.9 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.4 Sep 2024 7.9 Jun 2024 -14.9 Mar 2024 20.1 Dec 2021 % quarterly Jun 2010 - Sep 2024

Real GDP Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
Algeria (%) 3.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Argentina (%) 1.2 Mar 2023 quarterly Mar 2005 - Mar 2023
Armenia (%) 12.1 Mar 2023 quarterly Mar 2001 - Mar 2023
Australia (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
Austria (%) 1.8 Mar 2023 quarterly Mar 1989 - Mar 2023
Azerbaijan (%) 4.6 Jun 2024 quarterly Mar 2001 - Jun 2024
Bahrain (%) 1.3 Jun 2024 quarterly Mar 2009 - Jun 2024
Bangladesh (%) 7.1 2022 yearly 2007 - 2022
Belarus (%) -2.0 Mar 2023 quarterly Mar 2006 - Mar 2023
Belgium (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
Bolivia (%) 4.3 Jun 2022 quarterly Mar 1991 - Jun 2022
Bosnia and Herzegovina (%) 2.6 Sep 2022 quarterly Mar 2009 - Sep 2022
Botswana (%) 6.3 Sep 2022 quarterly Mar 1995 - Sep 2022
Brazil (%) 3.4 Mar 2023 quarterly Mar 1997 - Mar 2023
Brunei (%) 0.9 Sep 2022 quarterly Mar 2005 - Sep 2022
Bulgaria (%) 2.3 Dec 2022 quarterly Mar 1996 - Dec 2022
Cambodia (%) 5.3 2022 yearly 1994 - 2022
Canada (%) 2.1 Dec 2022 quarterly Mar 1962 - Dec 2022
Chile (%) -0.1 Sep 2022 quarterly Mar 1987 - Sep 2022
China (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Colombia (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
Croatia (%) 4.0 Dec 2022 quarterly Mar 1996 - Dec 2022
Cyprus (%) 3.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Czech Republic (%) 0.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Denmark (%) 1.5 Dec 2022 quarterly Mar 1992 - Dec 2022
Ecuador (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
Egypt (%) 4.4 Sep 2022 quarterly Sep 2002 - Sep 2022
Estonia (%) -4.4 Dec 2022 quarterly Mar 1996 - Dec 2022
European Union (%) 1.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Finland (%) -0.3 Mar 2023 quarterly Mar 1976 - Mar 2023
France (%) 0.9 Mar 2023 quarterly Mar 1950 - Mar 2023
Georgia (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
Germany (%) -0.5 Mar 2023 quarterly Mar 1992 - Mar 2023
Ghana (%) 1.7 Sep 2024 quarterly Jun 2006 - Sep 2024
Greece (%) 5.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Hong Kong SAR, China (%) 2.8 Mar 2023 quarterly Mar 1991 - Mar 2023
Hungary (%) 0.8 Dec 2022 quarterly Mar 1996 - Dec 2022
Iceland (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
India (%) 4.4 Dec 2022 quarterly Jun 2005 - Dec 2022
Indonesia (%) 5.0 Dec 2022 quarterly Mar 1994 - Dec 2022
Iran (%) 5.0 Mar 2022 quarterly Jun 1989 - Mar 2022
Ireland (%) -0.3 Mar 2023 quarterly Mar 1996 - Mar 2023
Israel (%) 2.5 Dec 2022 quarterly Mar 1996 - Dec 2022
Italy (%) 1.4 Dec 2022 quarterly Mar 1982 - Dec 2022
Ivory Coast (%) 6.8 2022 yearly 1966 - 2022
Japan (%) 0.4 Dec 2022 quarterly Mar 1956 - Dec 2022
Jordan (%) 2.8 Mar 2023 quarterly Mar 1993 - Mar 2023
Kazakhstan (%) 3.4 Mar 2023 quarterly Mar 2006 - Mar 2023
Kenya (%) 5.2 Sep 2022 quarterly Mar 2010 - Sep 2022
South Korea (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Kosovo (%) 4.0 Sep 2024 quarterly Mar 2011 - Sep 2024
Kuwait (%) -1.6 Jun 2024 quarterly Jun 2010 - Jun 2024
Kyrgyzstan (%) 7.0 Dec 2022 quarterly Mar 2007 - Dec 2022
Laos (%) 3.5 2021 yearly 2003 - 2021
Latvia (%) 0.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Lebanon (%) 2.0 2021 yearly 2012 - 2021
Lithuania (%) -0.4 Dec 2022 quarterly Jun 1995 - Dec 2022
Luxembourg (%) -2.2 Dec 2022 quarterly Mar 1996 - Dec 2022
Macau SAR, China (%) -23.4 Dec 2022 quarterly Mar 2002 - Dec 2022
North Macedonia (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
Malawi (%) 4.0 2018 yearly 2003 - 2018
Malaysia (%) 7.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Malta (%) 4.6 Mar 2024 quarterly Mar 2001 - Mar 2024
Mauritius (%) 7.4 Sep 2022 quarterly Mar 2001 - Sep 2022
Mexico (%) 3.7 Dec 2022 quarterly Mar 1981 - Dec 2022
Moldova (%) -10.3 Sep 2022 quarterly Mar 1996 - Sep 2022
Mongolia (%) 7.7 Dec 2022 quarterly Mar 2011 - Dec 2022
Montenegro (%) 2.7 Jun 2024 quarterly Mar 2011 - Jun 2024
Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
Myanmar (%) 3.3 2023 yearly 2011 - 2023
Nepal (%) 1.0 Jun 2024 quarterly Dec 2004 - Jun 2024
Netherlands (%) 2.1 Mar 2023 quarterly Mar 1997 - Mar 2023
New Zealand (%) 1.8 Mar 2023 quarterly Jun 1983 - Mar 2023
Nigeria (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022
Oman (%) 3.1 2021 yearly 1999 - 2021
Pakistan (%) 1.7 2023 yearly 2001 - 2023
Palestinian Territory (%) 4.8 Jun 2024 quarterly Jun 2000 - Jun 2024
Panama (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
Paraguay (%) 5.2 Mar 2023 quarterly Mar 1995 - Mar 2023
Peru (%) -0.4 Mar 2023 quarterly Mar 1981 - Mar 2023
Philippines (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022
Poland (%) 0.4 Dec 2022 quarterly Mar 1996 - Dec 2022
Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
Qatar (%) -0.0 Dec 2023 quarterly Mar 2012 - Dec 2023
Romania (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Russia (%) -2.6 Mar 2023 quarterly Mar 1996 - Mar 2023
Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
Singapore (%) 0.4 Mar 2023 quarterly Mar 1976 - Mar 2023
Slovakia (%) 1.2 Dec 2022 quarterly Mar 1994 - Dec 2022
Slovenia (%) 1.0 Sep 2024 quarterly Mar 1996 - Sep 2024
South Africa (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
Spain (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
Sri Lanka (%) -12.4 Dec 2022 quarterly Mar 2011 - Dec 2022
Sudan (%) -1.9 2021 yearly 1983 - 2021
Sweden (%) -0.1 Dec 2022 quarterly Mar 1982 - Dec 2022
Switzerland (%) 0.7 Mar 2023 quarterly Mar 1966 - Mar 2023

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Vietnam Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.1 2022 yearly 2010 - 2022
Tax Revenue (USD mn) 12,092.166 Sep 2024 quarterly Mar 2005 - Sep 2024
Tax Revenue: % of GDP (%) 11.6 2023 yearly 2010 - 2023
National Government Debt (USD mn) 142,876.9 2023 yearly 2010 - 2023
Government Debt: % of GDP (%) 33.5 2023 yearly 2010 - 2023
Forecast: Government Expenditure (VND bn) 3,619,434.484 2029 yearly 1998 - 2029
Forecast: Government Net Debt (VND bn) 5,339,190.350 2029 yearly 2000 - 2029
Forecast: Government Revenue (VND bn) 3,307,362.390 2029 yearly 1998 - 2029
State Govt Budget: ytd: Expenditure: Current (VND bn) 858,415.000 Sep 2024 quarterly Dec 2004 - Sep 2024
GD: Outstanding: Domestic: VND (VND bn) 2,467,627.300 2023 yearly 2010 - 2023
GD: Outstanding: External: VND (VND bn) 960,418.980 2023 yearly 2002 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 9.484 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,033.9 Oct 2024 monthly Jan 1996 - Oct 2024
Total Exports (USD mn) 35,634.5 Oct 2024 monthly Jan 1997 - Oct 2024
Total Exports Growth (%) 10.2 Oct 2024 monthly Jan 1998 - Oct 2024
Aluminum: Exports (USD th) 1,160,500.129 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 181,327.032 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 57,511.959 2022 yearly 1995 - 2022
Total Imports (USD mn) 33,600.6 Oct 2024 monthly Jan 1997 - Oct 2024
Total Imports Growth (%) 13.6 Oct 2024 monthly Jan 1998 - Oct 2024
Imports: Medicament (USD th) 2,471,771.739 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,625,053.469 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 10,554.851 Oct 2024 monthly Jan 1990 - Oct 2024
Total Imports from USA (USD mn) 1,250.741 Oct 2024 monthly Jan 1990 - Oct 2024
Total Exports to China (USD mn) 5,434.256 Oct 2024 monthly Jan 2013 - Oct 2024
Total Imports from China (USD mn) 12,837.128 Nov 2024 monthly Jan 1991 - Nov 2024
Exports: China (USD) 2,888,701,593.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: Australia (USD) 293,830,219.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: United States (USD) 4,562,588,364.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: Canada (USD) 314,331,082.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: Japan (USD) 1,467,599,017.000 Apr 2019 monthly Jan 2013 - Apr 2019
Exports: ytd: Aqua Products (USD mn) 8,249.672 Oct 2024 monthly Apr 1998 - Oct 2024
Exports: ytd: Footwear (USD mn) 18,574.453 Oct 2024 monthly Apr 1998 - Oct 2024
Exports: ytd: Textiles and Garments (USD mn) 30,572.324 Oct 2024 monthly Apr 1998 - Oct 2024
Exports: ytd: Rice (USD mn) 4,861.964 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: ytd: Crude Oil (USD mn) 1,532.043 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: China (USD) 6,536,188,277.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: Thailand (USD) 1,010,176,779.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: Singapore (USD) 370,217,737.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: United States of America (USD) 1,363,320,562.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: Australia (USD) 388,919,219.000 Apr 2019 monthly Jan 2013 - Apr 2019
Imports: ytd: Garments (USD mn) 12,273.197 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: ytd: Computers, Electronic Product (USD mn) 88,253.417 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: ytd: Steel Products (USD mn) 10,477.325 Oct 2024 monthly Mar 2000 - Oct 2024
Imports: ytd: Petroleum (USD mn) 6,586.924 Oct 2024 monthly Mar 2000 - Oct 2024
Imports: ytd: Machinery and Spare Parts (USD mn) 39,700.884 Oct 2024 monthly Jan 1998 - Oct 2024
Import Value Index (2015=100) 200.219 2021 yearly 1980 - 2021
Export Value Index (2015=100) 207.281 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 170.0 Sep 2024 quarterly Dec 2005 - Sep 2024
Current Account Balance (USD mn) 7,778.0 Sep 2024 quarterly Mar 1996 - Sep 2024
Current Account Balance: % of GDP (%) 6.6 2023 yearly 2010 - 2023
Foreign Direct Investment (USD mn) 5,170.0 Sep 2024 quarterly Mar 1996 - Sep 2024
Foreign Direct Investment: % of GDP (%) 4.3 2023 yearly 1985 - 2023
Foreign Portfolio Investment (USD mn) -836.000 Sep 2024 quarterly Dec 2005 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -0.3 Mar 2022 quarterly Mar 2021 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -98.0 Dec 2014 quarterly Mar 2005 - Dec 2014
Foreign Portfolio Investment: Debt Securities (USD mn) -83.000 Dec 2014 quarterly Mar 2005 - Dec 2014
External Debt (USD mn) 139,089.8 2023 yearly 2010 - 2023
External Debt: % of GDP (%) 32.7 2023 yearly 2010 - 2023
External Debt: Short Term (USD mn) 38,154.0 2022 yearly 1981 - 2022
External Debt: Short Term: % of GDP (%) 9.3 2022 yearly 1985 - 2022
Forecast: Current Account Balance (USD bn) 8.843 2029 yearly 1980 - 2029
Government Debt: % of GDP (%) 33.500 2023 yearly 2010 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.5 Dec 2023 quarterly Dec 2011 - Dec 2023
Money Supply M1 (USD mn) 140,458.600 Nov 2023 monthly Dec 2000 - Nov 2023
Money Supply M2 (USD mn) 591,051.206 Nov 2023 monthly Dec 2000 - Nov 2023
M2 Growth (%) 10.2 Nov 2023 monthly Dec 2001 - Nov 2023
Reserve Requirement Ratio (%) 3.0 Nov 2024 monthly Feb 2010 - Nov 2024
Foreign Exchange Reserves (USD mn) 85,801.6 Feb 2023 monthly Jan 1995 - Feb 2023
Foreign Exchange Reserves: % of GDP (%) 3.000 Oct 2024 monthly Feb 2010 - Oct 2024
Foreign Exchange Reserves: Months of Import (NA) 2.4 Aug 2024 monthly Mar 1997 - Aug 2024
Gold Reserves (USD mn) 819.730 Aug 2024 monthly Jan 1995 - Aug 2024
Domestic Credit (USD mn) 548,147.2 Nov 2023 monthly Dec 1992 - Nov 2023
Domestic Credit Growth (%) 11.5 Nov 2023 monthly Dec 1993 - Nov 2023
Total Loans (USD mn) 614,517.220 Sep 2024 monthly Apr 2012 - Sep 2024
Total Loans Growth (%) 16.08 Sep 2024 monthly Apr 2013 - Sep 2024
Private Debt: % of Nominal GDP (%) 128.68 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Reserves: Total Include Gold (USD mn) 85,455.912 Jun 2024 quarterly Mar 1995 - Jun 2024
Foreign Reserves: Foreign Exchange (USD mn) 82,877.750 Jun 2024 quarterly Mar 1995 - Jun 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.543 2019 yearly 2017 - 2019

More Indicators for Vietnam

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