We find that the rate of maternal health profile creation was positively (p < 0.01) associated with the joint performance of a province in terms of the MMR and GDP per capita. Top Losers in 2020: Out of 194 economies estimated by IMF, GDP per capita of 170 economies decreased in 2020. 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). 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). 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. Vietnam also posted GDP per capita of US$3,521, ranking sixth among ASEAN countries. GDP per capita is gross domestic product divided by midyear population. Other localities with monthly per . Vietnam is ranked 18th among 39 countries in the . 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. GDP per capita PPP in Vietnam averaged 4279.10 USD from 1990 until 2020, reaching an all time high of 8200.33 USD in 2020 and . CSV XML EXCEL. 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. By GDP 5-years average growth and GDP per capita, China and Taiwan ranked 12th vs 115th and 76th vs 38th, respectively. Gross Domestic Product (PPP) in 2017: * China: 23 000 billion (ranked 1st). Our panelists expect GDP to expand 7.2% in 2022, which is down 0.1 percentage points from last month's forecast, and 7.0% in 2023. Per capita income in Vietnam has gone from It is bordered by China in the north, Laos and Cambodia to the west, the East Sea to the east and the . The GDP per capita rose more than fivefold since 2000, increasing from just over $400 per person to more than $2,300 in 2017, placing the country in the lower middle-income country bracket. The population of Thailand is estimated to be 69.8 million which gives a GDP per capita PPP of $25,519. Nov 23, 2021. 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. For the correct comparison, values for individual countries in the . The per capita GDP is especially useful . PPP takes into account the relative cost of living, rather than using only exchange rates . This places Thailand in 86th place in the World . Absolute annual change in primary energy consumption. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. GDP per capita in Vietnam averaged 1240.78 USD from 1984 until 2020, reaching an all time high of 2655.77 USD in 2020 and a record low of 472.14 USD in 1984. The income unit is in thousands vnd. Provinces and Municipalities of Vietnam Map. GDP is the sum of gross value . 58 provinces (tinh, singular and plural) and 5 municipalities (thanh pho, singular and plural) . The offical estimate for Canada's GDP was $1.832 trillion at the end of 2021 in puchasing power partity terms. As the graph below shows, over the past 33 years this indicator reached a maximum value of 58,010,350 in 2018 and a minimum value of 1,921 in 1985. . Vietnam has had fast and stable economic growth in recent years, but rapid changes have also transformed its society and culture in the process. Under five mortality rate by province. The data provide the information on per capita in come by province in 2018 in Vietnam. Projections by IMF. . . - ADO 2022 Cambodia's inflation rates forecasted at 4.7% in 2022 and 2.2% in 2023. Child mortality rate by sex and by residence. CGTN is not responsible for any of the translations. $7,600 (2018 est . In the aftermath of these policies, Vietnam sustained high economic growth rates that catapulted the country from one of the poorest to a lower emerging market economy within 25 years. World Economics estimates Canada's GDP to be $2.037 trillion - 11% larger than offical . The country's GDP per capita was below 1,000 U.S. dollars in the year 2000. The Government has issued Resolution 01/NQ-CP on socioeconomic targets for 2022, following which the Government targets a gross domestic product (GDP) growth of 6%-6.5% and GDP per capita at US$3,900. GDP per capita (current US$) - Vietnam from The World Bank: Data. US$1 is about equal to EUR€0.7543 in 2010. See also. Vietnam's economic freedom score is 60.6, making its economy the 84th freest in the 2022 Index. Infant mortality rate by province. 1. In S&P's view, Vietnam's GDP per capita has risen quickly in the past few years and is expected to reach a 10-year weighted average growth of real GDP per capita of approximately 4.8 percent, significantly higher than the average of Vietnam's peers at a similar income level. Vietnam, a strip of land shaped like the letter "S", lies on the eastern part of the Indochinese peninsula. (1USD= 22,700 VND) Geography: 6 ecological regions; 63 provinces Ethnicities: Kinh(majority) . In order to disaggregate manufacturing and services GDP at province level, we utilize the microdata Annual Statistical Censuses & Surveys: Enterprises. $-8706), and The Bahamas (Int. Vietnam up 12 places from 32nd to 20th place, the Philippines up 9 places from 28th to 19th, Nigeria up 8 places from 22nd . Vietnam targets GDP per capita at US$3,900 in 2022. GDP: $261.92 Billion: GDP Per Capita: This page was last updated on February 24, 2021. President: Nguyen Phu Trong Prime Minister: Nguyen Xuan Phuc Capital city: Hanoi (Ha Noi) Languages: Vietnamese (official), English (increasingly favored as a second language), some French, Chinese, and Khmer, mountain area languages (Mon-Khmer and Malayo-Polynesian) Government; National statistics office; Population, persons: 97,338,583 (2020) . View Vietnam5.docx from HISTORY 02 at Harvard University. The fact that the GDP per capita divides a country's . 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. Real GDP per capita. GDP. Vietnam's economy in numbers over the next 34 years: 2016: GDP (in PPP): $600 billion | GDP (per capita, in PPP . Vietnam gdp per capita for 2020 was $2,786, a 2.59% increase from 2019. 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. 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. This finding suggests that an equal increase in the average rate of maternal health profile creation can help address the persistent MMR inequality by reducing the ratio . This list is incomplete; you can help by adding missing items. Vietnam ranked first for tax > GDP per capita > constant LCU globally in 2012. Vietnam is a member of the Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations and the World Trade Organization. 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. Vietnam has demonstrated a commitment to sustainable growth over the last several years, but despite the recent speed-up in economic growth the government remains cautious about the risk of external shocks. Addressing the meeting, Le Quang Manh, deputy minister of Planning and Investment, said that socioeconomic performance in . For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. US$26,946) in 2021. Cambodia's GDP growth is expected at 5.3% in 2022 and 6.5% in 2023. IMF updates its economic forecast twice a year: in April and October. Menu. Vietnam has had the highest GNI per capita > constant LCU since 2003. . GDP per capita is not a measure of average or median personal income. Close. Introduction Over the last 26 years of economic reform since 1990, Vietnam has attained significant macroeconomic achievements. Data. Vietnam ranked first for secondary education, duration > years amongst East Asia and Pacific in 2012. The city is the country's economic hub and grew at an impressive rate of over 9% a year from 2011 to 2015. . Answer (1 of 4): The answer depends on perspective. Binh Phuoc's GDP in 2007 was 9534.4 billion VND or 11.58 million VND per capita, which is 86 percent of the . Given that the - and 3 1. Below are all indicators in our database for which this country has a value. GDP per capita is defined as a country's, or city's, economic output divided by its population, giving a better sense of living standards . Related. Higher growth in consumer and capital spending, combined with a robust external sector, should boost activity in 2022. $-9632), Maldives (Int. $605.7 billion (2016 est.) $8,200 (2020 est.) Female workers are seen at a bakery. Answer (1 of 5): Part 1: How far is China's economy ahead of Vietnam? 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). Vietnam comprises of 58 administrative provinces and 5 municipalities. 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. The GDP growth rate increased from 2.8% in 1986 to 9.5% in 1995 and 6.2% in 2016 (World Bank, 2017). Selected Countries and Economies. Deputy Minister of Planning and Investment Tran Quoc Phuong said at a meeting Tuesday that in the next five years, the . GDP per capita of Vietnam in nominal and ppp terms. GDP and GDP per capita data are according to International Monetary Fund's October 2019 estimates. In 2020, Việt Nam, with a population of around 97 million and GDP per capita of $2,700, was in 64th position out of 73 countries. In the final phase, by 2045, Vietnam will achieve developed country status with a per capita income of more than USD 12,000. Over the next five years, Vietnam will strive for a 7 percent average GDP growth and a $5,000 per capita income. 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. GDP per capita of largest world economies (2050) December 7, 2017 December 27, . A PWC's report (2017) indicated that, in the next three decades, Vietnam will be the country with the highest economic growth (GDP per capita) in the world, registering an average of 5.1% annually. The economy of Vietnam is a mixed socialist-oriented market economy, which is the 37th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP) in 2020. Rather, it is a measure of the relative health of that country's overall . Vietnam has had the highest world bank exchange rate since 1989. . Rather, it is a measure of the relative health of that country's overall . - ADO 2022 Per capita GDP growth for Cambodia is expected at 3.6% in 2022 and 5.0% in 2023 - ADB Report Per capita GDP of 17 provinces exceeded US$10,000. FDI Inflow: $15.8 billion. For example, four industrial parks in Bac Giang province in northern Vietnam were temporarily closed in late May, due to outbreaks of COVID cases, which also impacted on some manufacturing facilities of Foxconn and Samsung. In 2021, the industry sector contributed just over 2.68 thousand trillion Vietnamese dong to the gross domestic product (GDP) of Vietnam, the largest contribution among all sectors . (May 2020) The article lists Vietnam 's province-level divisions by Gross regional domestic product (GRDP). . Jan 13, 2022. Among the G-7 economies, average per-capita GDP rose from $31,471 to an expected $64,582 in 2025. This crisis rocked the economic and political foundations of Indonesia, and would usher in the start of . Today it's close to $7,000 PPP and has more . Gansu, China's worst-performing province in terms of GDP per capita, is on par with the Philippines and . The top 10 countries in the 2021 global rankings are the United States, the United Kingdom, Germany, Canada, France . 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. This page provides - Vietnam GDP per capita - actual . Photo by VnExpress/Nhu Quynh. 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. The GDP per Capita, in Vietnam, when adjusted by Purchasing Power Parity is equivalent to 46 percent of the world's average. In 2019, GDP per capita in Vietnam amounted to around 3,398.21 U.S. dollars. A 2020 living standards survey that covered around 47,000 families in 63 cities and provinces found the southern province's per capita income was higher than . Aruba (Int. Once you do the math, the wealth is spread among fewer people, which raises a country's GDP. This is a list of ASEAN country subdivisions by GDP using data from Indonesian provinces, Malaysia states, and Philippine and Thai regions. Economy and trade In 2018, the region's gross regional domestic product (GRDP) grew by 7.2 percent (excluding oil and gas), the fastest in eight years. This page in: . The GDP per capita (PPP) List of Vietnamese subdivisions by GDP. Note: figure for Indonesia is GDP Nominal, the GDP Nominal total for Indonesia is . Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. Vietnam gdp for 2020 was $271.16B, a 3.53% increase from 2019. Definition: GDP per capita is gross domestic product divided by midyear population. Years of government initiative in improving the business environment has brought encouraging results and established a quite attractive investment environment for . FDI Inflow: $15.8 billion. $-6409) are other top decliners. Essentially, GDP per capita acts as a metric for determining a country's economic output per each person living there. * Vietnam: 650 billion (ranked 33rd). GDP per capita, PPP (current international $) Vietnam. . [261] What's crazy is that the nominal per capita income in HCMC is under $7,000, but the purchasing power is over $21,000. (2019) Adjusted net saving (current US dollars) (2019) Adjusted net savings per capita. NDO - Vietnam's GDP in 2020 reached about US$343 billion, surpassing Singapore (with about US$337.5 billion) to rank fourth in ASEAN and among the top 40 largest economies in the world. GDP (purchasing power parity): $643.9 billion (2017 est.) Gross Domestic Product (PPP) in the 1980s: * China: 350-1000 billion * Vietnam: 20-40 billion Gross Domest. GDP per capita is a country's gross domestic product divided by the country's total population. The Battle of Khe Sanh . Today it's close to $7,000 PPP and has more . Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. (2015) Aid received per capita. China vs Taiwan: Economic Indicators Comparison. Life expectancy at birth by sex and region. Inflation (CPI): 3.2%. 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. GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. DataBank. . We take GDP from Socio Economic Statistical Data of 63 Provinces and Cities. Jiangsu has a higher GDP per capita than Malaysia and is definitely a good market for consumer products. and Philippine and Thai regions. . The country's per capita income in 2020 was estimated at $2,750, nearly 1.3 times higher than the $2,109 in 2015. As of 2007, its agricultural GDP per capita was 7.03 million VND, the highest in Vietnam, while industrial GDP per capita was only 1.7 million VND, making it one of the least industrialized provinces in the southern half of Vietnam. However, the threat of further outbreaks of new Covid-19 variants clouds the outlook considerably. GDP per capita is not a measure of average or median personal income. Italy is the only member forecast to fall sharply down the rankings, to 35th place from 21st. The US Dollar is massively over-valued, and Vietnam undoubtedly keeps its currency undervalued for the export advantage that provides. It includes GDP at 2005 with the share of agriculture, manufacturing, and services. . 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. Administrative divisions Main article: Subdivisions of Vietnam Vietnam is divided into 58 provinces (Vietnamese: Tỉnh, chữ Hán: 省). List of Indonesian administrative divisions by GDP Nominal, with 11,862 IDR = 1 USD. Vietnam gdp per capita for 2019 . Students in Vĩnh Long Province attend a historical lesson hosted by the local museum. Currency: Viet Nam Dong (VND) 5; Gross Domestic Product (GDP) (2019): 6; GDP per capita (2019): 62.6 million VND 6; Introduction. Population growth rate by province (*) In-migration rate, out-migration rate and net-migration rate by province. Online tool for visualization and analysis. The Gross Domestic Product per capita in Vietnam was last recorded at 2655.77 US dollars in 2020. 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. $8,000 (2019 est.) Vietnam's GDP per capita in 2018 was US$2,590. Browse by Country or Indicator. Vietnam is ranked 18th among 39 countries in the . . Each province's GRDP is listed in both the national currency VND, and at nominal U.S. dollar values according to annual average . It is considered to be . The GDP per Capita in Vietnam is equivalent to 21 percent of the world's average. the overall convergence of GDP per capita among provinces in Vietnam. 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. GDP per capita, PPP (constant 2017 international $) GDP per capita growth (annual %) GDP per capita (constant LCU) GDP per capita (constant 2015 US$) Vietnam's economic freedom score is 60.6, making its economy the 84th freest in the 2022 Index. The rapid economic growth in the last decade has led the province to have one of the highest GDP per capita and living standard in Vietnam. According to DBS Bank, a Singaporean multinational banking and . As this is below the 50% average, of all countries ranked, one could say that Vietnam's GDP per Capital (PPP) i. Vietnam, in 2019, with a GDP per Capital (PPP) of $10,559 was ranked 117th out of 196 countries in terms of GDP per Capita (PPP). GDP per Capita. $-9464), Libya (Int. Vietnam is projected to be one of the economies posting big gains in the world's per-capita income rankings during the quarter-century through 2025, according to data analysed by Bloomberg. . Vietnam's national GDP per capita in 2019 was US$2,740, substantially lower than Saigon's figure.