The GDP per Capita in Vietnam is equivalent to 21 percent of the world's average. The Gross Domestic Product per capita in Vietnam was last recorded at 2655.77 US dollars in 2020. Log in or sign up to leave a comment. Aggregates. 0 comments. But it doesn't mean that's their income. IMF updates its economic forecast twice a year: in April and October. Between 2002 and 2021, GDP per capita increased 3.6 times, reaching almost US$3,700. It also analyses the growth path of each province compared with that of the reference economy [Ho Chi Minh City (HCMC) and the national average]. The top 10 GDP per capita according to Statistics Times are:Luxembourg: $113,197Switzerland: $83,717Macao: $81,152Norway: $77,976Ireland: $77,771Qatar: $69,688Iceland: $67,037United States: $65,112Singapore: $63,987Denmark: $59,795 5  This is a list of ASEAN country subdivisions by GDP using data from Indonesian provinces, Malaysia states, and Philippine and Thai regions. In 1999, average GNP per capita in Vietnam was only US$370, giving Vietnam the rank of 170th in the world on this indicator. If Vietnam obtains 5 percent economic growth rate by 2035, or after nearly 20 years, its GDP per capita would be equal to 83 percent of Thailand’s current GDP per capita. VIETNAM NEWS AGENCY/VIET NAM NEWS. GDP per capita is a country's gross domestic product divided by the country's total population. (2020) Absolute number of deaths from ambient particulate air pollution. dragonrider1984 FULL MEMBER. The Communist Party of Vietnam (CPV) is aiming for Vietnam to reach gross domestic product (GDP) per capita of $5,000 by 2025 and to be a developed country by 2045. Online tool for visualization and … Vietnam has been a development success story. The analysis is applied to the provincial data that are available to us for the period 2000–2007. Between 2002 and 2021, GDP per capita increased 3.6 times, reaching almost US$3,700. Provinces and Municipalities of Vietnam by GDP per Capita in Dollars. International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. Per capita income, $220 in 1994, rose to $726 in 2006 with a related reduction in the share of the population living in acute poverty. Ho Chi Minh City plays an important driving impetus of economy of Vietnam. For GDP per capita, the IMF forecasts that Vietnam's GDP per capita ranks sixth in ASEAN, reaching 3,497 USD per person this year, followed … Niceguy say, China's data is fake, Vietnam's data is real. Each province's GDP is listed in both the national currency renminbi (CN¥), and at nominal U.S. dollar values according to annual average exchange rates and according to purchasing power parity (PPP). The municipalities are the highest-ranked cities besides having a special status equal to the provinces. The economy will recover in 2022, following rapid progress in vaccination and the lifting of coronavirus-related restrictions in late 2021. GDP per capita of largest world economies (2050) December 7, 2017 December 27, ... Vietnam (average annual GDP growth rate – 5.1%), the Philippines (4.3%) and Nigeria (4.2%) could make the greatest moves up the rankings. It's a good representation of a country's standard of living. 2. Other localities … Lào Cai Province: 43.634 1,8951 10,23% 46 Bến Tre Province: 41.851 1,8176 7,05% … Vietnam exceeded its 2017 GDP growth target of 6.7% with growth of 6.8%, primarily due to unexpected increases in domestic demand, and strong manufacturing exports. Vietnam has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing ... Disparity in GDP Per Capita across Provinces. The data was announced at the opening of the 9th plenary session of the National Assembly's (NA) Economic Committee, held on April 25, in Nha Trang City, Khanh Hoa Province. Similar values. HANGZHOU -- The GDP of Hangzhou, capital of Zhejiang province, grew by 10.2 percent to one trillion yuan ($150 billion) in 2015, according to official statistics released on Monday. GDP is the total value of all goods and services produced … $-6409) are other top decliners. Vietnam gdp per capita for 2019 was $2,715, a 5.8% increase from 2018. CSV XML EXCEL. 59.9% of GDP (2016 est.) GDP per capita is a country’s economic output divided by its population. Line Bar Map. Vietnam has been a development success story. Related. Per capita GDP of 17 provinces exceeded US$10,000. Among the G-7 economies, average per-capita GDP rose from $31,471 to an expected $64,582 in 2025. Canada is perceived as one of the leading nations globally specifically due to its strong economy. The page provides access to the GDP per capita forecast for different countries for the 2020-2024 time period from the latest IMF's World Economic Outlook (WEO). Sort by: best. Provinces and Municipalities of Vietnam Map. As of 2007, its agricultural gross domestic product (GDP) per capita was 7.03 million Vietnamese đồngs, the highest in Vietnam, while industrial GDP per capita was only 1.7 million đồngs, making it one of the least industrialized provinces in the southern half of Vietnam. Vietnam has set a 6-6.5% GDP growth target and US$3,900 in GDP per capita for 2022 with a focus on COVID-19 prevention and control and economic recovery, said top leaders. INDIAN States vs Vietnam Provinces by GDP Per Capita 1970-2026 /INDIA vs Vietnam by GDP Per Capita. TFP is composed of three components: an … Data. Aruba (Int. At the 13th Party Congress last year, the Vietnamese Communist Party (VCP) also set targets for the country to achieve GDP per capita of USD 5,000 by 2025 and developed status by 2045. 91 points. In terms of GDP per capita by province, Beijing’s per capita GDP remained the highest in China, rising from RMB 164,200 (approx.US$25,457) in 2020 to RMB 183,900 (approx.US$28,512) in 2021. However, the Asian Financial Crisis that erupted in the late 1990s had a dramatic impact on the Indonesian economy, prompting a contraction in gross domestic product (GDP) of 13.6 percent in 1998 and limited GDP growth of 0.3 percent in 1999. None. Ba Ria – Vung Tau (BRVT), situated in the southern key economic zone, is one of the major economies and investment destinations in Vietnam. Six economies are expected to cross the $50k mark in 2021. View discussions in 1 other community. GDP per capita (current US$) - Vietnam from The World Bank: Data. Per capita GDP is a measure of the total output of a country that takes gross domestic product (GDP) and divides it by the number of people in the country. (2011). By dint of this, the scale of economy in Vietnam reached US$176 billion, the GDP per capita was about US$1960. New Recruit. The gross domestic product (GDP) is equal to … The equivalent countries which are comparable to the regions in GDP are chosen by International Monetary Fund data for the same year. ... Bank in a report has said that Pakistan does not have a significant trading relationship with its proximate neighbours in South Asia and the country exhibits one of the lowest trade-to-GDP ratios in the world showing at just 30 per cent, reported local ... US$26,946) in 2021. VIETNAM PROGRAM TEL: (617) 495-1134 79 John F. Kennedy Street, Cambridge, MA 02138 FAX: (617) 496-5245 ... Development experience suggests that investing 7 percent of GDP in infrastructure is the right order of magnitude for high and sustained growth. RELEVANT PREVIOUS STUDIES Cambodia's GDP growth is expected at 5.3% in 2022 and 6.5% in 2023. Ranking of ratios of GDP per capita of each province in sub-group 1 to that of CMC (smallest to biggest) (Source: Authors' calculation) … GDP is the sum of gross value added by all resident producers in the economy plus any product taxes … Lowest values. By 2019, the per capita GDP of mainland China exceeded US$10,000, of which Beijing and Shanghai exceeded US$22,000, Jiangsu was nearly US$18,000, Zhejiang and Fujian exceeded US$15,000, Guangdong and Tianjin exceeded US$13,000, and Hubei, Chongqing and Shandong exceeded US$10,000. Vietnam’s GDP per capita in 2018 was US$2,590. source: World Bank. Same region. This current paper identifies trends and patterns of inequality in provincial GDP per capita of each sub-group of provinces in Vietnam during the period 1990-2011. View discussions in 1 other community. $7,900 (2019 est.) Introduction Over the last 26 years of economic reform since 1990, Vietnam has attained significant macroeconomic achievements. What's crazy is that the nominal per capita income in HCMC is under $7,000, but the purchasing power is over $21,000. Still, China's per capita income is below the world average. The World Bank has made such adjustments and the estimated GDP per capita (in terms of purchasing power parity ) is a much higher $1,950. The International Monetary Fund (IMF) has predicted that Vietnam’s GDP would reach over $340 billion by the year end. Last edited: Mar 11, 2015. problème plein écran red dead redemption 2. Government spending has amounted to 22.0 percent of total output (GDP) over the past three years, and budget deficits have averaged 3.2 percent … List of Indonesian administrative divisions by GDP Nominal, with 11,862 IDR = 1 USD. Twitter. In brief. Vietnam’s GDP per capita in 2018 was US$2,590. May 29 – Vietnam is composed of 63 provinces and five centrally-governed cities, which stand on the same administrative level as provinces (namely Hanoi, Ho Chi Minh City, Can Tho, Da Nang and Hai Phong). The Mongolian tögrög has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.Contents1 … With a decline of more than $68k, the GDP per capita of Macao SAR will down by 55% in 2020. GDP is projected to grow notably faster this year compared to 2021 thanks to higher growth in consumer and capital spending. Download Historical Data. Vietnam ranked first for tax > GDP per capita > constant LCU globally in 2012. Italy is the only member forecast to fall sharply down the rankings, to 35th place from 21st. Eighteen economies would have per capita gdp above $50,000. report. Economic reforms since the launch of Đổi Mới in 1986, coupled with beneficial global trends, have helped propel Vietnam from being one of the world’s poorest nations to a middle-income economy in one generation. In 2050, Vietnam’s GDP (in PPP*) is predicted to be worth 3.2 trillion USD (in 2016, this number stood at 0.6 trillion) Philippines, another ASEAN country, will come in second, with a 9 places jump (from the 28th to the 19th). 28 comments. Export-oriented manufacturing will remain the most important driver of economic growth. ... GDP per capita is not a measure of average or median personal income. $7,800 (2020 est.) source: World Bank. The GDP per capita (PPP) China's per capita GDP expected to reach $10,000 by 2020 ... 24 out of 26 provinces see increase in GDP growth July 27, 2015 ... Vietnam GDP per capital 2014：$2,052，population 93 million Why? With the entry of the Islamic Republic of Iran, Kazakhstan, Maldives, and Nauru into the elite $10000 per capita GDP club in 2021, there would be a total of 71 economies on this list. Binh Duong Province has the highest per capita monthly income in Vietnam at more than VND7 million ($302.73), according to the General Statistics Office. World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. vietnam gdp per capita province. Vietnam comprises of 58 administrative provinces and 5 municipalities. Vietnam ranked first for secondary education, duration > years amongst East Asia and Pacific in 2012. (2020) Absolute annual change in primary energy consumption. $-9464), Libya (Int. June 1, 2022. Gross domestic product, or GDP for short, is a measurement that describes the value of a geographic location’s total goods and services, and how it relates to the population of the region. Asia News Network. Provinces and Municipalities of Vietnam by GDP per Capita in Dollars. Vietnam has been successful in attracting a significant amount of investment that include. Vietnam's total GDP is forecast to increase from USD 270 billion in 2020 to USD 433 billion by 2025, rising to USD 687 billion by 2030. share. Vietnam has had the highest GNI per capita > constant LCU since 2003. – ADO 2022 Cambodia's inflation rates forecasted at 4.7% in 2022 and 2.2% in 2023. Vietnam gni per capita for 2020 was $2,660, a 2.7% increase from 2019. Vietnam gni per capita for 2019 was $2,590, a 8.82% increase from 2018. Vietnam gni per capita for 2018 was $2,380, a 11.74% increase from 2017. Vietnam gni per capita for 2017 was $2,130, a 2.4% increase from 2016. Below are all indicators in our database for which this country has a value. Vietnam sets GDP target 6-6.5 per cent, vaccine coverage highest among nations. note: official data; data cover general government debt and include debt instruments issued (or owned) by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities, as well as intragovernmental debt; intragovernmental debt … Vietnam GDP - Historical Data; Year GDP Per Capita Growth; 2020: $271.16B: $2,786: 2.91%: 2019: $261.92B: $2,715: 7.02%: 2018: $245.21B: $2,566: 7.08%: 2017: $223.78B: $2,366: 6.81%: 2016: $205.28B: $2,192: 6.21%: 2015: $193.24B: $2,085: 6.68%: 2014: $186.20B: $2,030: 5.98%: 2013: $171.22B: $1,887: 5.42%: 2012: $155.82B: $1,735: 5.25%: 2011: $135.54B: $1,525: 6.24%: … hide. Figure 1.3 shows GDP per capita of Vietnam: 1.5 Investment (Local and Foreign) in Vietnam . The population of Thailand is estimated to be 69.8 million which gives a GDP per capita PPP of $25,519. The region contributes close to eight percent to the national GDP and over 10 percent to the government’s revenues. 91 points. This means that the scale of Vietnam’s economy would be larger than Singapore ($337 billion) and Malaysia ($336 billion). no comments yet. As of 2020, average GDP per capita shall reach $3,200 - 3,500; industry and service rate in GDP shall reach 85%; 5-year average total social investment shall account for approximately 32 - (2015) Adequacy of social insurance programs. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. In a recent study of economic disparities across the provinces of Vietnam, Vu, et al. 58.5% of GDP (2017 est.) We propose a structural approach to investigate total factor productivity (TFP) and economic growth of 58 provinces and municipalities of Vietnam (known as one of the most dynamic emerging economies in the last few years). In 2004, services accounted for 38.2% of gross domestic product (GDP). He also noted the country’s projected GDP per capita is likely to top $2,750, a 30-percent surge against 2015. Source: Vu, et al. Vietnam gdp per capita for 2017 was $2,366, a 7.91% increase from 2016. hide. The data provide the information on per capita in come by province in 2018 in Vietnam. save. The article lists China's province-level divisions by gross domestic product (GDP). According to 2020 GSO survey, Bình Dương’s per capita income was more than VND7 million ($303) per month, HCMC was at VND6.5 million, and Hanoi VND5.9 million. Canada GDP per capita Growth Trends: 2018 -2022. In 2020, Vietnam’s service sector contributed the largest percentage to the country’s gross domestic product (GDP), at 41.63 percent. Vietnam gdp per capita for 2020 was $2,786, a 2.59% increase from 2019. World Economics has reassessed Thailand's GDP by adjusting for any base year age and size of the informal economy to estimate GDP PPP at $1,781 billion - 46% larger than offical estimates. Over ... as Vietnam is quickly approaching the per capita income level of a lower- ... GDP: $261.92 Billion: GDP Per Capita: This page was last updated on February 24, 2021. World Economics estimates Canada's GDP to be $2.037 trillion - 11% … A robust external sector and the recently approved Program for Recovery and Development should also boost activity. Growth rate of gross domestic product of some countries and territories; Gross domestic product per capita at current prices of some countries and territories; Gross domestic product per capita on purchasing power parity of some countries and territories Vietnam has had the highest world bank exchange rate since 1989. From 1994 to 2004, GDP attributable to the service sector grew at an average annual rate of 6.0%. DataBank. List of Mongolian provinces by GDPThis is a list of Mongolian provinces by GDP and GDP per capita. GDP per Capita. Log In Sign Up. ... and the largest trading nation in 2013. SHARE. Vietnam is predicted to join an exclusive list of economies expected to sustain growth rate of around 7% during 2020s, translating into a 4-fold increase in the country’s capital income from US$2,500 in 2018 to US$10,400 by 2030. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Hangzhou is home to a thriving private sector and the headquarters of e-commerce company Alibaba. In 2019, GDP per capita in Vietnam amounted to around 3,398.21 U.S. dollars. The GDP growth rate increased from 2.8% in 1986 to 9.5% in 1995 and 6.2% in 2016 (World Bank, 2017). Definition: GDP per capita is gross domestic product divided by midyear population. Vietnam gdp per capita for 2018 was $2,566, a 8.49% increase from 2017. The data was announced at the opening of the 9th plenary session of the National Assembly's (NA) Economic Committee, held on April 25, in Nha Trang City, Khanh Hoa Province. Vice-chairman of Vietnam's National Assembly Phung Quoc Hien speaks at a meeting with the Ministry of Planning and Investment on September 29, 2020 in this supplied photo. Nominal GDP is based on the official annual average exchange rate at CN¥ 6.8974 per US dollar in 2020; CN￥4.2082 per Int'l. 100% Upvoted. GDP and GDP per capita data are according to International Monetary Fund 's October 2019 estimates. 100% Upvoted. The rapid … For the correct comparison, values … Photo by VnExpress/Nhu Quynh. Vietnam’s GDP per capita to increase 4-fold by 2030. Per plan and with growth rate of 8% through 2030 and 7% thereafter, Vietnam’s GDP per capita will reach $10,000 between 2036–2037. … Given that the - and 3 1. If Vietnam obtains 5 percent economic growth rate by 2035, or after nearly 20 years, its GDP per capita would be equal to 83 percent of Thailand’s current GDP per capita. The Vietnam GDP growth is expected to increase to 5.8% in 2014, and 6% in 2015. The gross domestic product (GDP) measures of national income and output for a given country's economy. Vietnam exceeded its 2017 GDP growth target of 6.7% with growth of 6.8%, primarily due to unexpected increases in domestic demand, and strong manufacturing exports. The Gross Domestic Product (GDP) in Vietnam was worth 271.16 billion US dollars in 2020, according to official data from the World Bank. $-9632), Maldives (Int. February 21, 2019 Posted by Vietnam Briefing Written by Koushan Das Reading Time: 3 minutes. save. License : CC BY-4.0. Provinces and Municipalities of Vietnam by GDP per Capita in Dollars. $) Nominal PPP; 2020: 3,499: 10,869: 2021: 3,609: 11,677: 2022: 3,928: 12,684: 2023: 4,277: 13,751: 2024: 4,670: 14,870: … Provinces and Municipalities of Vietnam by GDP per Capita in Dollars. Over the past 33 years, the value for this indicator has fluctuated between $2,566.60 in 2018 and $94.56 in 1989. Facebook. Above-ground biomass in forest per hectare. report. The first time was 2006, when Vietnam's GDP was barely $4,000 per capita in purchasing power parity terms and less than $1,000 at market exchange rates. As of 2007, its agricultural gross domestic product (GDP) per capita was 7.03 million Vietnamese đồngs, the highest in Vietnam, while industrial GDP per capita was only 1.7 million đồngs, making it one of the least industrialized provinces in the southern half of Vietnam. Jiangsu has a higher GDP per capita than Malaysia and is definitely a good market for consumer products. Shanghai’s per capita GDP ranked second among all regions with RMB 173,800 (approx. The latest value for GDP per capita (current US$) in Vietnam was $2,566.60 as of 2018. It also describes how much citizens benefit from their country's economy. 0 comments. Guizhou is smaller than Vietnam and both have a very similar GDP but Guizhou still beats Vietnam by 2 percentage points in growth. Economic reforms since the launch of Đổi Mới in 1986, coupled with beneficial global trends, have helped propel Vietnam from being one of the world’s poorest nations to a middle-income economy in one generation. ... GDP per capita is not a measure of average or median personal income. Binh Duong Province has the highest per capita monthly income in Vietnam at more than VND7 million ($302.73), according to the General Statistics Office. Vietnam Economic Growth. ... Real GDP per capita. The total income per month includes the salary, the income from agriculture, forestry, aquaculture and non-agriculture, non-forestry, non-aquaculture and from other income. The income unit is in … ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. The US Dollar is massively over-valued, and Vietnam undoubtedly keeps its currency undervalued for the export advantage that provides. The offical estimate for Canada's GDP was $1.832 trillion at the end of 2021 in puchasing power partity terms. 28 comments. $-8706), and The Bahamas (Int. This is full of LOLs. no comments yet. Sun, 28 February 2021. Reply. The Statistics Indonesia ( Badan Pusat Statistik) derives GDP for a province as the sum of the GDP Nominal originating in all the industries in the state at current prices market. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. – ADO 2022 Per capita GDP growth for Cambodia is expected at 3.6% in 2022 and 5.0% in 2023 – ADB Report The total fertility rate (TFR) has decreased markedly from around 6 births per woman on average in 1990 to approximately 2.8 in 2016, but it is still one of the highest in Southeast Asia. share. GDP per capita ($/Int. In 2013, the GDP in Vietnam mounted 5.4%, and the average figure of 2011-2013 period was 5.6%, which is lower than that in 2006-2010 term. A 2020 living standards survey that covered around 47,000 families in 63 cities and provinces found the southern province’s per capita income higher than HCMC (VND6.54 million) and Hanoi (VND5.98 million). VN aims for 2025 GDP per capita of $5K. comment tester un faisceau électrique de remorque. Vietnam. Top Losers in 2020: Out of 194 economies estimated by IMF, GDP per capita of 170 economies decreased in 2020. In the final phase, by 2045, Vietnam will achieve developed country status with a per capita income of more than USD 12,000. Log in or sign up to leave a comment. Log In Sign Up. So in GDP per capita scale, I could say GDP per capita of Bac Ninh province, Vietnam is over 50,000 USD.

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