GDP Indicators 2021. The Socialist Market Economy in China, Vietnam and Laos: A ... Despite the challenges of the COVID-19 pandemic, Vietnam's economy has remained resilient, expanding by 2.9 percent in 2020—one of the highest growth rates in the world—and growth is projected to be 6.5 percent in 2021, thanks to strong economic fundamentals, decisive containment measures and well-targeted government support, according to . In the first 11 months of 2021, Vietnam recorded 299.67 billion USD in exports and 299.45 billion USD in imports, respectively rising 17.5 percent and 27.5 percent year on year, according to the General Statistics Office. World Bank projections.. October 2021. This forecast is two percentage points lower than the forecast made by the World Bank Group in December 2020. License : CC BY-4.0. The database contains 1,400 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. Vietnam's development over the past 30 years has been remarkable. The database contains 1,400 time series indicators for 217 economies and more than 40 country groups, with data for many indicators going back more than 50 years. Aggregates. 21 May 2021. None. The World Development Indicators is a compilation of relevant, high-quality, and internationally comparable statistics about global development and the fight against poverty. The Bank's latest Economic Monitor for Laos — A Path to Recovery — predicts that GDP growth will rise to 3.6 per cent in 2021, against a figure of 0.5 per cent in 2020. The study is apart of World Bank support Vietnam government in development policy operation and Mekong Master Plan ( 120.NQ-CP). Starting with the April 2021 WEO, real GDP data and forecasts for New Zealand are reported on a production basis rather than an expenditure basis. Vietnam At-A-Glance. World Bank, Washington, DC. Vietnam's inflation rate is forecast to be 3.2 percent, lower than the 4 percent . Regional GDP growth in 2020 is projected to fall to 0.5 percent—down from 5.9 percent in 2019, 5.2 percentage points below previous forecasts, and the lowest rate since 1967. As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. It presents the most current and accurate global development data available, and includes national, regional and global estimates. The news was unveiled by Deputy Minister of Information and Communications Phan Tam at an information and communication technology (ICT) investment promotion forum recently held in Da Nang. Illustrative photo (Source: VNA) The World Bank (WB) has projected Vietnam's GDP to expand by 4.8 percent in 2021, two percentage points lower than its previous prediction in December 2020. Gross domestic product 2020 USA CHN JPN DEU GBR IND FRA ITA CAN KOR RUS a BRA AUS ESP MEX IDN NLD CHE TUR SAU POL SWE BEL THA NGA AUT ARE IRL ISR ARG b EGY NOR PHL DNK HKG SGP MYS BGD ZAF COL FIN VNM PAK CHL ROU CZE PRT NZL PER IRN GRC KAZ IRQ UKR HUN . World Bank's economic update for Vietnam "Taking Stock" was released on December 21. Vietnam's economy to grow 6.8 percent in 2021: World Bank Tuesday, December 22, 2020 08:45 . Uneven vaccination coverage is furthering regional divergence. Hanoi (VNA) - The World Bank (WB) has projected Vietnam's GDP growth rate this year at 4.8 . Olympics Medal Table 2020. Hanoi: Despite Vietnam's strong economic performance in the first half of this year, Vietnam's GDP is expected to grow by approximately 4.8% in 2021. The forecast was made in the latest edition of Taking Stock - the World Bank's biannual update on Vietnam's economic performance released today - highlighting the economic pains associated with the most recent COVID-19 outbreak. Friday, January 8, 2021 (11:30 AM - 2 PM) Jan 8th . Growth forecasts for developing Asia are slightly revised: down to 7.1% in 2021 from 7.3% in April ADO, and up to 5.4% in 2022 from 5.3%. KUALA LUMPUR: The World Bank has lowered Malaysia's GDP growth to 4.5% this year from 6% earlier amid a dramatic resurgence of the Covid-19 virus beginning in mid-April 2021. 31, April 2019. Hanoi, August 24, 2021 —Vietnam's GDP is expected to expand by about 4.8 percent in 2021, although it has posted a robust economic performance in the first half of this year. Vietnam's prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank's economic update for Vietnam "Taking Stock". GDP per capita (current US$) World Bank national accounts data, and OECD National Accounts data files. 1610080200. Data for Andorra have been added to the database and are included in the advanced economies group composites. The pace of recovery may continue to be disrupted by public . The economic outlook for Sub-Saharan Africa (SSA) is positive, with growth rising to 5.3% in 2012, and 5.6% in 2013, over the pre-crisis average level of 5%. On a nominal basis, the US is ahead of China by $6 trillion in 2021. 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 . 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 . Luxembourg would remain at the top spot of nominal ranking for the next few years as it is ahead of 2nd ranked occupier Switzerland by a huge margin of $37,086. License : CC BY-4.0. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. The World Bank (WB) has projected Vietnam's GDP to expand by 4.8 percent in 2021, two percentage points lower than its previous prediction in December 2020. The figure was released at a press conference held on August 24 to announce the latest edition of Taking Stock - the WB's biannual update on Vietnam's economic performance. BackgroundVietnam declared independence in 1975 after more than 1000 years of colonization, war and conflict. 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. GDP per capita, PPP (current international $) - Vietnam from The World Bank: Data As of 2021, Luxembourg would remain at the top spot in gdp per capita ranking in nominal and PPP terms. Vietnam's prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank's . The event will be co-organised by the NA's Committee for Economic Affairs, the Party Central Committee's Economic Commission and the Vietnam Academy of Social Sciences. 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. The figure was released at a press conference held on August 24 to announce the latest edition of Taking Stock - the WB's biannual update on Vietnam's economic performance. The GDP per Capita, in Vietnam, when adjusted by Purchasing Power Parity is equivalent to 46 percent of the world's average. Source. World Bank East Asia and Pacific Economic Update, April 2021 : Uneven Recovery. 03 Jun 2021. The figure was revealed in World Bank's latest report titled "Global Economic Prospects", in which it forecast the global . World Bank (2021-09-27) The East Asia and Pacific (EAP) region is suffering a reversal of fortune. Vietnam's prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank's economic update for Vietnam "Taking Stock". While downside risks have heightened, economic . The economies of the region began to . 1. On a global level, the regions with the highest proportion of developing or emerging economies, quite predictably, top the list: in the . The World Development Indicators is a compilation of relevant, high-quality, and internationally comparable statistics about global development and the fight against poverty. HANOI, Dec. 21 (Xinhua) -- Vietnam's gross domestic product (GDP) is expected to grow by almost 3 percent in 2020 and about 6.8 percent in 2021, thanks to the country's management of the COVID-19 pandemic, according to a report released by the World Bank on Monday. The world economy consists of 193 economies, with the United States being the largest. List of continents by gdp per capita. record a gross domestic product growth rate of 2.9 percent. World urban population. Vietnam economy may expand by up to 6.8% in 2021: World Bank; What the weakening dollar means for the global economy; Bank of England says UK economy recovering faster than first feared; China brings hope to global economy; China's economic rebound better than expected in Q2: World Bank official; The realities of fighting poverty - World Bank .
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