Vietnamese GDP grows by over US$300 billion to rank 37th globally

The nation’s gross domestic product (GDP) in 2022 is forecast to reach about US$413.81 billion, thereby ranking 37th in the world, according to the latest projection on the GDP scale for countries globally made by IMF.

In line with the latest forecast, the scale of Vietnamese GDP in 2022 moved up four places and represented a rise of  US$45.81 billion compared to 2021.

In fact, Vietnamese GDP in 2001 stood at about US$41.3 billion, ranking 60th out of 200 countries around the globe and reaching some US$368 billion in 2021, ranking 41st.

According to the figures, the size of the country’s GDP increased by US$326.7 billion, jumping 19 notches in the global GDP ranking in the 2001 to 2021 period, representing a nine-fold increase throughout the reviewed period.

With regard to countries specifically in Southeast Asia, Indonesia’s GDP is anticipated to take the lead within the ASEAN region, reaching about US$1.290 billion, duly ranking 17th in the world, followed by Thailand with US$534.76 billion, ranking second in Southeast Asia and 26th in the world.

Elsewhere, Malaysia is projected to have GDP of about US$434.06 billion, ranking third in Southeast Asia and 35th in the world, followed by Singapore with GDP hitting US$423.63 billion this year.

Vietnamese GDP is therefore predicted to rank fifth in the region this year, ahead of the Philippines, Myanmar, Cambodia, Brunei, Laos, and East Timor.

The Philippines, Myanmar, Cambodia, Brunei, Laos, and East Timor are predicted to record GDP of US$401.66 billion, US$59.53 billion, US$28.33 billion, US$18.5 billion, US$16.25 billion, and US$2.5 billion this year, respectively.

Source: VOV