What is the GDP of Vietnam?

Vietnam GDP Last Lowest
Gross National Product 5686985.00 39284.00
Gross Fixed Capital Formation 1462993.64 5495.00
GDP per capita 2123.46 377.51
GDP per capita PPP 8200.33 1673.25

How Vietnam became an economic miracle?

Vietnam has grown fast to middle-income status – and significantly its about 7 per cent economic growth rate is now higher than China’s. This economic miracle of Vietnam is based on manufacturing, which was boosted by trade liberalisation, domestic deregulation and investment in human and physical capital.

What was the growth rate of real GDP between 2015 and 2016?

Revisions to the growth of real GDP Real GDP was revised down by 0.3 percentage points in 2015 and 0.3 percentage points in 2016.

Is Vietnam richer than Bangladesh?

Bangladesh with a GDP of $274B ranked the 44th largest economy in the world, while Vietnam ranked 47th with $245.2B. By GDP 5-years average growth and GDP per capita, Bangladesh and Vietnam ranked 10th vs 17th and 155th vs 138th, respectively.

What is Vietnam’s biggest export?

Exports The top exports of Vietnam are Broadcasting Equipment ($42.3B), Telephones ($18.2B), Integrated Circuits ($15.5B), Textile Footwear ($10.6B), and Leather Footwear ($6.43B), exporting mostly to United States ($63.7B), China ($40.3B), Japan ($21.2B), South Korea ($20.3B), and Germany ($8.22B).

What was the GDP of Vietnam in 2015?

In the long-term, the Vietnam GDP is projected to trend around 281.00 USD Billion in 2020, according to our econometric models. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

What is the gross domestic product of Vietnam?

Vietnam GDP. The gross domestic product (GDP) measures of national income and output for a given country’s economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for – Vietnam GDP -…

When did Vietnam transition to a market economy?

In 1986, Vietnam launched a political and economic renewal campaign ( Đổi Mới) that introduced reforms to facilitate the transition from a centralized economy to a ” socialist-oriented market economy “.

What was the economy of Vietnam during the Le Mac period?

During the Lê – Mạc period, the state encouraged semi-industrial business and sea-traders, as the Vietnamese economy would mainly depended on them for the next 250 years.

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