Source: world bank Nominal/PPP
Summary:
Vietnam GDP Per Capita expanded from 1985 to 2024, increasing from $14.09 to $476.39 .The compound annual growth rate (CAGR) averaged 9.45% over the period. The economy recorded its peak level in 2024 and its lowest level in 1989. Growth volatility remained high. The maximum drawdown reached 82.84%, indicating the largest cyclical decline from peak levels. The country experienced 1 recession episode(s) during the observed period.
Vietnam Economic Phases (1985 - 2024)
From 1985 to 2024, Vietnam economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1986–1987) indicating robust economic expansion
- Crisis (1988–1989) indicating severe economic downturn
- High Growth (1993–1997) indicating robust economic expansion
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2014) indicating robust economic expansion
- High Growth (2016–2019) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- High Growth (2024–2024) indicating robust economic expansion
The most remarkable growth occurred in 1986 with an increase of 86.855%, while the largest decline was in 1989 at -75.246%.