Vietnam GDP Per Capita 2024

[ Nominal GDP Per Capita in USD ]

Year -

$4,717.29

Source: world bank Nominal/PPP
Summary:

Vietnam GDP Per Capita expanded from 1985 to 2024, increasing from $238.65 to $4,717.29 .The compound annual growth rate (CAGR) averaged 7.95% over the period. The economy recorded its peak level in 2024 and its lowest level in 1989. Growth volatility remained high. The maximum drawdown reached 83.52%, indicating the largest cyclical decline from peak levels. The country experienced 2 recession episode(s) during the observed period.

Latest GDP Per Capita of Vietnam 2024 – Nominal vs PPP

MetricNominal GDP (Current USD)GDP (PPP, Int$)
Latest Year20242024
Latest GDP Per Capita$ 4,717.29 dollars$ 16,385.51 Int dollars
Growth (YoY)9.112%8.991%
Net Change vs Previous Year$ 393.94 dollars$ 1,351.63 Int dollars
% of World GDP Per Capita4.25%8.21%
MeaningNominal GDP Per Capita (Current USD, exchange-rate based)GDP (PPP, cost-of-living adjusted)
Vietnam GDP | Vietnam GDP Growth

Vietnam Annual GDP Per Capita From 1960 to 2024

Source: Worldbank Nominal PPP

NominalPPP
YearDollar $Net Chg $% ChgInt $Net Chg $% Chg
1960------
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1968------
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1985238.65-----
1986436.42197.7782.872 %---
1987595.25158.8336.393 %---
1988404.56-190.69-32.035 %---
198998.11-306.45-75.75 %---
199098.80.690.705 %1209.69--
1991143.7244.9245.463 %1297.6687.977.272 %
1992144.550.830.58 %1413.07115.418.894 %
1993189.4244.8731.041 %1533.56120.488.526 %
1994229.8640.4421.349 %1674.24140.689.174 %
1995287.857.9425.209 %1841.35167.119.981 %
1996337.0549.2517.112 %2019.18177.839.658 %
1997361.6424.597.296 %2189.41170.238.431 %
1998361.35-0.29-0.081 %2308.28118.875.429 %
1999375.9914.644.052 %2420.94112.654.88 %
2000404.0328.047.456 %2614.12193.187.98 %
2001419.2115.183.756 %2808.83194.717.449 %
2002445.1325.936.185 %3001.87193.046.873 %
2003497.1251.9811.678 %3239.77237.97.925 %
2004565.4568.3413.746 %3543.1303.339.363 %
2005710.75145.2925.695 %3893.67350.579.894 %
2006807.7697.0113.649 %4237.4343.748.828 %
2007925.64117.8814.594 %4580.79343.398.104 %
20081163.83238.1925.733 %4844.07263.275.747 %
20091226.1762.345.356 %5060.73216.674.473 %
20101683.16456.9937.27 %5389.22328.496.491 %
20111950.93267.7615.908 %5786.12396.97.365 %
20122185.12234.1912.004 %6376.8590.6710.208 %
20132359.52174.47.981 %6758.4381.615.984 %
20142546.38186.877.92 %7296.88538.487.967 %
20152577.5731.181.225 %7671.58374.75.135 %
20162735.06157.496.11 %8374.51702.929.163 %
20172956.11221.058.082 %9169.73795.239.496 %
20183222.31266.29.005 %10009.97840.249.163 %
20193440.9218.596.784 %11029.271019.310.183 %
20203534.0493.142.707 %11609.32580.045.259 %
20213704.19170.154.815 %12048.9439.583.786 %
20224147.7443.511.973 %13905.151856.2515.406 %
20234323.35175.654.235 %15033.881128.728.117 %
20244717.29393.949.112 %16385.511351.638.991 %

Vietnam Economic Phases (1985 - 2024)

From 1985 to 2024, Vietnam economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.

  • High Growth (1986–1987) indicating robust economic expansion
  • Crisis (1988–1989) indicating severe economic downturn
  • High Growth (1993–1997) indicating robust economic expansion
  • High Growth (2002–2014) indicating robust economic expansion
  • High Growth (2016–2019) indicating robust economic expansion
  • Expansion (2020–2021) indicating steady moderate growth
  • High Growth (2024–2024) indicating robust economic expansion

The most remarkable growth occurred in 1986 with an increase of 82.872%, while the largest decline was in 1989 at -75.75%.