Vietnam GDP Annual Growth Rate

Vietnam’s economy expanded an estimated 5.55 percent year-on-year in the June quarter of 2016, compared to a marginally revised 5.48 percent growth in the previous period and lower than 6.47 percent in the same quarter last year. Unfavorable weather, including drought and salination hurt agricultural output as well as the country’s exports and imports. From January to June 2016, the economy grew by an estimated 5.2 percent, following a downwardly revised 6.32 percent on the same period a year earlier. In 2015, the economy grew by 6.68 percent, the fastest expansion since 2007. For 2016, the government projected the Southeast Asian economy to expand by 6.7 percent. GDP Annual Growth Rate in Vietnam averaged 6.49 percent from 2000 until 2015, reaching an all time high of 8.48 percent in the fourth quarter of 2007 and a record low of 3.12 percent in the first quarter of 2009. GDP Annual Growth Rate in Vietnam is reported by the General Statistics Office of Vietnam. In Vietnam, industry and construction constitute the biggest sector of the economy (41 percent of total GDP). Yet, in the past six years the growth in services outpaced significantly all other sectors, and today services account for 37 percent of GDP. Finally, agriculture, forestry and fishing represent 22 percent of total output. This page provides the latest reported value for – Vietnam GDP Annual Growth Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.