Expenditure-side Real GDP at Chained Purchasing Power Parities for Viet Nam
RGDPESVNA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
750,726.75
Year-over-Year Change
147.87%
Date Range
1/1/1970 - 1/1/2019
Summary
This series measures the real gross domestic product (GDP) of Vietnam based on purchasing power parity (PPP), which accounts for differences in the cost of living between countries.
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
Expenditure-side real GDP at chained PPPs is a key economic indicator that allows for international comparisons of economic activity and living standards. It is used by analysts and policymakers to assess Vietnam's economic performance and development.
Methodology
The data is calculated by the World Bank using national accounts and price data.
Historical Context
This metric is widely referenced in global economic analysis and policy discussions.
Key Facts
- Vietnam's GDP at PPP was $1.1 trillion in 2021.
- Real GDP growth in Vietnam averaged 6.8% from 2000-2019.
- Vietnam has the second-largest economy in Southeast Asia.
FAQs
Q: What does this economic trend measure?
A: This series measures the real gross domestic product (GDP) of Vietnam based on purchasing power parity (PPP), which accounts for differences in the cost of living between countries.
Q: Why is this trend relevant for users or analysts?
A: Expenditure-side real GDP at chained PPPs is a key economic indicator that allows for international comparisons of economic activity and living standards. It is used by analysts and policymakers to assess Vietnam's economic performance and development.
Q: How is this data collected or calculated?
A: The data is calculated by the World Bank using national accounts and price data.
Q: How is this trend used in economic policy?
A: This metric is widely referenced in global economic analysis and policy discussions.
Q: Are there update delays or limitations?
A: The data is published annually with some delay, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Viet Nam (RGDPESVNA666NRUG), retrieved from FRED.