gdp vietnam 2020 world bank

PDF Gross domestic product 2020 - World Bank Vietnam GDP Annual Growth Rate | 2021 Data | 2022 Forecast ... World Development Indicators database, World Bank, 1 July 2021 2. The GDP value of Vietnam represents 0.24 percent of the world economy. The Economy Of Vietnam - WorldAtlas Vietnam. World Bank national accounts data, and OECD National Accounts data files. The coronavirus pandemic has taken a severe human and economic toll on the East Asia and Pacific region (EAP). Indicator Unit 2020 2030 1 GDP growth % 6.5 - 7.0 6.5 - 7.5 2 GDP/capita USD 3,000-3,500 6,000-6,500 3 Economic structure Assembly organized on May 18-19, 2020. This article is a list of the countries of the world by gross domestic product (at purchasing power parity) per capita, i.e., the purchasing power parity (PPP) value of all final goods and services produced within a country in a given year, divided by the average (or mid-year) population for the same year.. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the . Indonesia GDP (Gross Domestic Product) was INT$3,130.47billion for 2020 in PPP terms. According to this estimate, it will be 70% the size of the UK economy by 2040. Figure 4: GDP and Population Growth Rates, 1994-2020 23 Figure 5: The Oxford Stringency Index, Google Mobility Indexes, and Number of Reported COVID-19 Cases, March - December 2020 (percent) World Economics makes available of world's most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. The World Bank had earlier this month forecast Vietnam to grow at 4.9 percent this year while market research firm Fitch Solutions estimated it at 2.8 percent. We forecast a GDP growth of around 6.5 percent for the period 2020-22. This page provides - Vietnam GDP per capita - actual . The World Bank assigns the world's economies to four income groups—low, lower-middle, upper-middle, and high-income countries. Despite favourable prospects for the . However, amid the negative impacts of the COVID-19 pandemic, it is considered a success for Vietnam, with the growth rate among the world's . No. World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. The economy of Vietnam is mainly reliant on foreign direct investments in order to promote growth. The study contributes to the World Bank's long-term multi-sectoral engagement with the Vietnam Government on the Mekong Delta region, which includes support for a development policy operation currently under preparation and a delta plan. The Gross Domestic Product (GDP) in Vietnam was worth 271.16 billion US dollars in 2020, according to official data from the World Bank. Competitiveness Rank in Vietnam averaged 68.31 from 2007 until 2019, reaching an all time high of 77 in 2018 and a record low of 56 in 2016. Abstract. Vietnam became part of French Indochina in 1887. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor . The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. The GDP per Capita in Vietnam is equivalent to 21 percent of the world's average. projected a decline in remittance flows to low and middle-income countries (LMICs) by about 20 per cent because of the economic crisis caused by the COVID-19 pandemic which negatively affected wages and employment for migrant workers. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. $-207 bn) are the biggest losers. At the World Bank, we are positive about the prospect of Vietnam's economy over the next few years. SEPTEMBER 2020 • VIETNAM MACRO MONITORING To watch: Most economic and financial indicators continued to demonstrate Vietnam's resilience, but the domestic rebound moderated in August, partly as the result of the COVID-19 outbreak in Danang. Nearly all of the World Bank Group's client countries are surveyed in every three year cycle. However, this is still much better than many of other South East Asia countries and the world average. Slower growth reflects several factors. Gross domestic product 2020, PPP (millions of Ranking Economy international dollars) DMA 186 Dominica 751 TON 187 Tonga 695 a FSM 188 . 2020. 128 Eswatini 3,670 128 Vietnam 7,910 129 Cabo Verde . 2020 in this case). the World Bank does not intend to . World Bank Support for Country Access to COVID-19 Vaccines WHO WE ARE With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Economic and political reforms under Đổi Mới, launched in 1986, have spurred rapid economic growth, transforming what was then one of the world's poorest nations into a lower middle-income country. Highest values. It declared independence after World War II, but France continued to rule until its 1954 defeat by communist forces under Ho Chi MINH. [Note: Even though Global Development Finance (GDF) is no longer listed in the WDI database name, all . These 146 economies account for almost 70% of the world economy. The classifications are updated each year on July 1 and are based on GNI per capita in current USD (using the Atlas method exchange rates) of the previous year (i.e. - World Economics VNM 29 Vietnam 842,042 BGD 30 Bangladesh 837,064 . World Bank national accounts data, and OECD National Accounts data files. Vietnam's gross domestic product shrank by 6.17 percent year-on-year in the third quarter of 2021, the most on record, after a dowanwardly revised 6.57 percent growth in the previous period, a preliminary estimate showed. As of 2021, the United States and China would occupy the first two places in both methods' gdp ranking. The external sector—the main driver of economic growth in Vietnam over the past decade—has performed exceptionally well since the beginning of the COVID-19 crisis. The economy of Vietnam is believed to become one of the fastest growing emerging markets in the world by 2020 with a GDP of $436 billion. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. World N/A 11,339 2019 10,926 2020 . This chart from Howmuch.net is based on World Bank data for Gross Domestic Product (GDP) for 2019. The findings, interpretations and conclusions expressed in this work do not necessarily reflect the views of The World Bank and its Board of Executive Vietnam GDP (Gross Domestic Product) was INT$798.21billion for 2020 in PPP terms.

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