Output-side Real GDP at Current Purchasing Power Parities for Viet Nam
CGDPOSVNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
723,142.69
Year-over-Year Change
107.49%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Vietnam, adjusted for differences in purchasing power between countries. It provides insights into the size and growth of Vietnam's economy relative to other nations.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The output-side real GDP at current purchasing power parities (PPPs) for Vietnam is a widely used metric that allows for international comparisons of economic activity and living standards. It adjusts the nominal GDP to account for price level differences, enabling more accurate cross-country analysis.
Methodology
The data is calculated by the World Bank using household consumption, government consumption, and investment data.
Historical Context
This trend is valuable for policymakers, investors, and analysts seeking to understand Vietnam's economic performance and competitiveness.
Key Facts
- Vietnam's output-side real GDP at current PPPs was $1.02 trillion in 2021.
- This indicator has grown at an average annual rate of 6.7% over the past decade.
- Vietnam ranks 32nd globally in terms of output-side real GDP at current PPPs.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Vietnam, adjusted for differences in purchasing power between countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the size and growth of Vietnam's economy relative to other nations, enabling more accurate cross-country comparisons.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using household consumption, government consumption, and investment data.
Q: How is this trend used in economic policy?
A: This trend is valuable for policymakers, investors, and analysts seeking to understand Vietnam's economic performance and competitiveness.
Q: Are there update delays or limitations?
A: The data is updated annually, with a potential delay of several months.
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Citation
U.S. Federal Reserve, Output-side Real GDP at Current Purchasing Power Parities for Viet Nam (CGDPOSVNA666NRUG), retrieved from FRED.