What is the average gdp per capita in vietnam?

What is the average gdp per capita in vietnam?

Vietnam gdp per capita for 2020 was $3,526, a 2.95% increase from 2019.

Vietnam GDP Per Capita 1985-2022.

Vietnam GDP Per Capita – Historical Data
Year GDP Per Capita (US $) Annual Growth Rate (%)
2019 $3,425 6.01%
2018 $3,231 8.63%
2017 $2,974 8.32%

What is the gdp of vietnam 2022?

GDP in Vietnam is expected to reach 310.00 USD Billion By the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Vietnam GDP is projected to trend around 340.00 USD Billion in 2023 and 356.00 USD Billion in 2024, according to our econometric models.

What is the gdp of vietnam today?

Economy of Vietnam

GDP $408.95 billion (nominal, 2022 est.) $1,142.177 billion (PPP, 2022 est.)
GDP rank 37th (nominal, 2021) 23th (PPP, 2021)
GDP growth 7.1% (2018) 7.0% (2019e) 2.8% (2020f) 2.58% (2021f) 6.5% (2022f)
GDP per capita $4,081 (nominal, 2022 est.) $12,590 (PPP, 2022 est.)

Is vietnam poor or rich country?


Rank Country GDP-PPP ($)
111 Vietnam 12,881
112 Ecuador 12,664
113 Tunisia 12,300
114 Iraq 12,141

Is vietnam richer than china?

In 2020, Vietnam was the top-performing economy in Asia, even beating China. The Vietnamese economy grew by 2.9 percent in 2020, year-on-year, according to government estimates from December. CNBC highlights how this growth positions Vietnam ahead of China, whose economy only expanded by 2.3 percent in 2020.

Can vietnam become a rich country?

Vietnam is now in the group of low-middle-income economies and Has set a goal to become a high-middle-income country by 2030 and a high-income developed country by 2045.

Will vietnam gdp surpass thailand?

By 2027, the GDP of Thailand and Vietnam will be on par at more than $690 (Thailand $692.6 billion and Vietnam $690.11 billion). After 2028, it is forecasted that Vietnam’s economy will officially surpass Thailand’s.

What country is #1 in gdp per capita?

GDP per Capita by Country 2022

Ranking Country 2022 Population
1 Luxembourg 647,599
2 Singapore 5,975,689
3 Ireland 5,023,109
4 Qatar 2,695,122

Why is vietnam gdp growing so fast?

Vietnam’s GDP grew 7.72 percent in the first half of 2022 thanks to Solid exports and consumer spending. While economic and FDI data showed consistent growth compared to the same period last year, rising fuel prices and shortages of raw materials emerge as challenges.

When was vietnam the poorest country?

In the 1970’s and early 1980’s, Vietnam’s economic performance was dismal, and Vietnam was one of the poorest countries in the world. With the adoption of new market-oriented policies in the late 1980’s, economic growth increased rapidly.

What is the gdp per capita in ho chi minh city?

Ho Chi Minh City

Ho Chi Minh City Thành phố Hồ Chí Minh Saigon/Sài Gòn
– Per capita US$6,862
GRP (PPP) 2019
– Total US$190.3 billion
– Per capita US$21,163

How much does the average person make in vietnam?

Average Local Salary: The average monthly salary of a worker in Vietnam is about $148 per month; those in high paying jobs bring home around $500 per month. Visas: The most common visa for Vietnam is a single-entry three-month visa.

What is considered wealthy in vietnam?

According to Knight Frank’s report, in order to be included in the 1% richest people in Vietnam, one needs to have assets worth At least US$160,000. For Monaco, which has the world’s densest population of super-rich, the entry point for the principality’s branch of the 1% club is US$7.9 million.

What is the gdp per capita?

Long definition. GDP per capita is The sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output, divided by mid-year population. Growth is calculated from constant price GDP data in local currency.