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. Niceguy say, China's data is fake, Vietnam's data is real. From 1994 to 2004, GDP attributable to the service sector grew at an average annual rate of 6.0%. For the correct comparison, values … 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. The first time was 2006, when Vietnam's GDP was barely $4,000 per capita in purchasing power parity terms and less than $1,000 at market exchange rates. Similar values. GDP per capita ($/Int. In a recent study of economic disparities across the provinces of Vietnam, Vu, et al. Last edited: Mar 11, 2015. 91 points. Vietnam’s GDP per capita to increase 4-fold by 2030. Related. Top Losers in 2020: Out of 194 economies estimated by IMF, GDP per capita of 170 economies decreased in 2020. share. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes … Vietnam gdp per capita for 2018 was $2,566, a 8.49% increase from 2017. 91 points. The gross domestic product (GDP) is equal to … 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. Jiangsu has a higher GDP per capita than Malaysia and is definitely a good market for consumer products. Ba Ria – Vung Tau (BRVT), situated in the southern key economic zone, is one of the major economies and investment destinations in Vietnam. 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 offical estimate for Canada's GDP was $1.832 trillion at the end of 2021 in puchasing power partity terms. The latest value for GDP per capita (current US$) in Vietnam was $2,566.60 as of 2018. Sun, 28 February 2021. Export-oriented manufacturing will remain the most important driver of economic growth. The gross domestic product (GDP) measures of national income and output for a given country's economy. Lào Cai Province: 43.634 1,8951 10,23% 46 Bến Tre Province: 41.851 1,8176 7,05% … report. Vietnam’s GDP per capita in 2018 was US$2,590. Vietnam ranked first for secondary education, duration > years amongst East Asia and Pacific in 2012. vietnam gdp per capita province. Over the past 33 years, the value for this indicator has fluctuated between $2,566.60 in 2018 and $94.56 in 1989. source: World Bank. 28 comments. Per capita GDP of 17 provinces exceeded US$10,000. Twitter. Historical figures and rankings, including purchasing power parity (PPP) figures, are also … The GDP per capita (PPP) the overall convergence of GDP per capita among provinces in Vietnam. problème plein écran red dead redemption 2. hide. Guizhou is smaller than Vietnam and both have a very similar GDP but Guizhou still beats Vietnam by 2 percentage points in growth. Photo by VnExpress/Nhu Quynh. IMF updates its economic forecast twice a year: in April and October. In 2019, GDP per capita in Vietnam amounted to around 3,398.21 U.S. dollars. 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. February 21, 2019 Posted by Vietnam Briefing Written by Koushan Das Reading Time: 3 minutes. 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? Online tool for visualization and … no comments yet. The US Dollar is massively over-valued, and Vietnam undoubtedly keeps its currency undervalued for the export advantage that provides. $) 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: … $7,900 (2019 est.) Provinces and Municipalities of Vietnam Map. 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). The region contributes close to eight percent to the national GDP and over 10 percent to the government’s revenues. The Mongolian tögrög has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.Contents1 … Vietnam has had the highest world bank exchange rate since 1989. Reply. In 2004, services accounted for 38.2% of gross domestic product (GDP). Vietnam has had the highest GNI per capita > constant LCU since 2003. GDP per capita is a country’s economic output divided by its population. List of Indonesian administrative divisions by GDP Nominal, with 11,862 IDR = 1 USD. Vietnam has been a development success story. 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. Log in or sign up to leave a comment. 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. The analysis is applied to the provincial data that are available to us for the period 2000–2007. Disparity in GDP Per Capita across Provinces. 0 comments. View discussions in 1 other community. Shanghai’s per capita GDP ranked second among all regions with RMB 173,800 (approx. RELEVANT PREVIOUS STUDIES 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 Figure 1.3 shows GDP per capita of Vietnam: 1.5 Investment (Local and Foreign) in Vietnam . The economy will recover in 2022, following rapid progress in vaccination and the lifting of coronavirus-related restrictions in late 2021. View discussions in 1 other community. The GDP value of Vietnam represents 0.24 percent of the world economy. 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. $-8706), and The Bahamas (Int. GDP per capita is a country's gross domestic product divided by the country's total population. hide. This is full of LOLs. 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 equivalent countries which are comparable to the regions in GDP are chosen by International Monetary Fund data for the same year. Sort by: best. (2015) Adequacy of social insurance programs. The rapid … The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. The data provide the information on per capita in come by province in 2018 in Vietnam. SHARE. 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. Facebook. Vietnam gdp per capita for 2020 was $2,786, a 2.59% increase from 2019. The Canada GDP – Gross Domestic Product per capita was roughly 42, 418.5 US$ in 2016. June 1, 2022. 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. 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 … source: World Bank. By dint of this, the scale of economy in Vietnam reached US$176 billion, the GDP per capita was about US$1960. comment tester un faisceau électrique de remorque. 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. Italy is the only member forecast to fall sharply down the rankings, to 35th place from 21st. 0 comments. In brief. ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. 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. Download Historical Data. 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. What's crazy is that the nominal per capita income in HCMC is under $7,000, but the purchasing power is over $21,000. The article lists China's province-level divisions by gross domestic product (GDP). Below are all indicators in our database for which this country has a value. 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. Binh Duong Province has the highest per capita monthly income in Vietnam at more than VND7 million ($302.73), according to the General Statistics Office. Vietnam sets GDP target 6-6.5 per cent, vaccine coverage highest among nations. Provinces and Municipalities of Vietnam by GDP per Capita in Dollars. The Gross Domestic Product per capita in Vietnam was last recorded at 2655.77 US dollars in 2020. VIETNAM PROGRAM TEL: (617) 495-1134 79 John F. Kennedy Street, Cambridge, MA 02138 FAX: (617) 496-5245 ... Development experience suggests that investing 7 percent of GDP in infrastructure is the right order of magnitude for high and sustained growth. GDP per capita (current US$) - Vietnam from The World Bank: Data. Log In Sign Up. Ho Chi Minh City plays an important driving impetus of economy of Vietnam. World Economics estimates Canada's GDP to be $2.037 trillion - 11% … $7,800 (2020 est.) VIETNAM NEWS AGENCY/VIET NAM NEWS. no comments yet. Data. The municipalities are the highest-ranked cities besides having a special status equal to the provinces. Highest values. 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). International Comparison Program, World Bank | World Development Indicators database, World Bank | Eurostat-OECD PPP Programme. 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 World Bank has made such adjustments and the estimated GDP per capita (in terms of purchasing power parity ) is a much higher $1,950. 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. The main impact of the Ukraine-Russia conflict on Vietnam will be higher energy commodity prices. The population of Thailand is estimated to be 69.8 million which gives a GDP per capita PPP of $25,519. ... Real GDP per capita. 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 - (2011). Sort by: best. ... GDP per capita is not a measure of average or median personal income. License : CC BY-4.0. This is a list of ASEAN country subdivisions by GDP using data from Indonesian provinces, Malaysia states, and Philippine and Thai regions. save. 59.9% of GDP (2016 est.) A robust external sector and the recently approved Program for Recovery and Development should also boost activity. Vietnam gdp per capita for 2019 was $2,715, a 5.8% increase from 2018. Vietnam’s GDP per capita in 2018 was US$2,590. It has increased to 48, 466.33 US$ in 2018. Still, China's per capita income is below the world average. 58.5% of GDP (2017 est.) 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. 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. Hangzhou is home to a thriving private sector and the headquarters of e-commerce company Alibaba. TFP is composed of three components: an … Cambodia's GDP growth is expected at 5.3% in 2022 and 6.5% in 2023. Vietnam comprises of 58 administrative provinces and 5 municipalities. save. 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. 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. 100% Upvoted. With a decline of more than $68k, the GDP per capita of Macao SAR will down by 55% in 2020. 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. – ADO 2022 Cambodia's inflation rates forecasted at 4.7% in 2022 and 2.2% in 2023. In 2020, Vietnam’s service sector contributed the largest percentage to the country’s gross domestic product (GDP), at 41.63 percent. $-9464), Libya (Int. Aruba (Int. 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 means that the scale of Vietnam’s economy would be larger than Singapore ($337 billion) and Malaysia ($336 billion). But it doesn't mean that's their income. Log in or sign up to leave a comment. Vietnam has been successful in attracting a significant amount of investment that include. Given that the - and 3 1. 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 … The Gross Domestic Product (GDP) in Vietnam was worth 271.16 billion US dollars in 2020, according to official data from the World Bank. It's a good representation of a country's standard of living. It also describes how much citizens benefit from their country's economy. (2020) Absolute annual change in primary energy consumption. Deputy Minister of Planning and Investment Tran Quoc Phuong used the meeting to announce that Vietnam’s GDP is projected to hit $269 billion by the end of this year, a 40-percent increase from 2015. (2020) Absolute number of deaths from ambient particulate air pollution. 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. Six economies are expected to cross the $50k mark in 2021. Vietnam set out economic indicators for the period of 2016 – 2020: "5-year average economic growth rate shall reach 6.5 - 7%/year. Eighteen economies would have per capita gdp above $50,000. New Recruit. Between 2002 and 2021, GDP per capita increased 3.6 times, reaching almost US$3,700. ... 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 ... 28 comments. CSV XML EXCEL. 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). Provinces and Municipalities of Vietnam by GDP per Capita in 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 higher than HCMC (VND6.54 million) and Hanoi (VND5.98 million). 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. VN aims for 2025 GDP per capita of $5K. 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. 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 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. In the final phase, by 2045, Vietnam will achieve developed country status with a per capita income of more than USD 12,000. ... GDP per capita is not a measure of average or median personal income. List of Mongolian provinces by GDPThis is a list of Mongolian provinces by GDP and GDP per capita. … 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 … Canada GDP per capita Growth Trends: 2018 -2022. Other localities … 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). Same region. 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. Introduction Over the last 26 years of economic reform since 1990, Vietnam has attained significant macroeconomic achievements. Asia News Network. Line Bar Map. He also noted the country’s projected GDP per capita is likely to top $2,750, a 30-percent surge against 2015. – ADO 2022 Per capita GDP growth for Cambodia is expected at 3.6% in 2022 and 5.0% in 2023 – ADB Report Vietnam sets sights on $5,000 GDP per capita by 2025. So in GDP per capita scale, I could say GDP per capita of Bac Ninh province, Vietnam is over 50,000 USD. 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. GDP per Capita. 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. Provinces and Municipalities of Vietnam by GDP per Capita in Dollars. ... and the largest trading nation in 2013. 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. 2. The International Monetary Fund (IMF) has predicted that Vietnam’s GDP would reach over $340 billion by the year end.
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