World Economics makes available of world’s most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2019, building on the lifetimes work of Angus Maddison. GDP Growth Rate in 2017 was 6.81%, representing a change of 11,179,225,876 US$ over 2016, when Real GDP was $164,104,855,205. This increase in GDP does not mean much, it only increases overspending and increases public debt.The added value of the private sector still contributes to GDP less than 10% of GDP for nearly 15 years. GDP per Capita in Vietnam (or Viet Nam) (with a population of 94,600,648 people) was $1,853 in 2017, an increase of $100 from $1,753 in 2016; this represents a change of 5.7% in GDP … - … The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. By 2019, the value added of this sector increased to nearly 1.2 percentage points, about 9.7% of GDP.Phuoc affirmed there is no need to worry about inflation, though the CPI in the last seven months reached 4.07 percent. Vietnam GDP (Gross Domestic Product) was INT$705.58billion for 2019 in PPP terms. {"2005":29114765.67, "2006":31510605.40, "2007":34175176.21, "2008":36331956.22, "2009":38265950.79, "2010":40861863.67, "2011":43266718.46, "2012":45536923.17, "2013":48005935.15, "2014":50878610.31, "2015":54276792.69, "2016":57647924.28, "2017":61574900.89, "2018":65931940.87, "2019":70558385.16}[{"1970":39.04, "1971":40.53, "1972":41.32, "1973":40.74, "1974":41.75, "1975":42.99, "1976":47.72, "1977":54.19, "1978":55.15, "1979":58.86, "1980":56.80, "1981":60.09, "1982":64.99, "1983":69.60, "1984":75.44, "1985":79.68, "1986":82.36, "1987":84.46, "1988":88.77, "1989":92.93, "1990":97.67, "1991":103.49, "1992":112.44, "1993":121.51, "1994":132.25, "1995":144.87, "1996":158.40, "1997":171.31, "1998":181.19, "1999":189.84, "2000":202.73, "2001":216.70, "2002":232.05, "2003":249.08, "2004":268.48, "2005":291.15, "2006":315.11, "2007":341.75, "2008":363.32, "2009":382.66, "2010":408.62, "2011":432.67, "2012":455.37, "2013":480.06, "2014":508.79, "2015":542.77, "2016":576.48, "2017":615.75, "2018":659.32, "2019":705.58}]{"1971":3.8, "1972":2.0, "1973":-1.4, "1974":2.5, "1975":3.0, "1976":11.0, "1977":13.6, "1978":1.8, "1979":6.7, "1980":-3.5, "1981":5.8, "1982":8.2, "1983":7.1, "1984":8.4, "1985":5.6, "1986":3.4, "1987":2.5, "1988":5.1, "1989":4.7, "1990":5.1, "1991":6.0, "1992":8.6, "1993":8.1, "1994":8.8, "1995":9.5, "1996":9.3, "1997":8.2, "1998":5.8, "1999":4.8, "2000":6.8, "2001":6.9, "2002":7.1, "2003":7.3, "2004":7.8, "2005":8.4, "2006":8.2, "2007":8.5, "2008":6.3, "2009":5.3, "2010":6.8, "2011":5.9, "2012":5.2, "2013":5.4, "2014":6.0, "2015":6.7, "2016":6.2, "2017":6.8, "2018":7.1, "2019":7.0} In 2019, Vietnam’s gross domestic product (GDP) amounted to around 1,001.48 billion international dollars, and is expected to increase to almost 1,130 billion international dollars by 2021. In recent years, Vietnam successfully reversed the rapid rise in public and publicly guaranteed debt, which declined to 55.6 percent of GDP at end-2018, down 4 points of GDP from its 2016 peak. Viet Nam's GDP growth is expected at 4.1% in 2020 and 6.8% in 2021 – Source: ADOS 2020 (June 2020) Viet Nam's inflation rates forecasted at 3.0% in 2020 and 3.5% in 2021 – Source: ADOS 2020 (June 2020) Admitting that this is an ‘unprecedented’ measure, he thinks that new approaches may be useful in current conditions.Although the total state economy decreased from 38% in 2005 to 27.1% in 2019, but the expenditures from the budget for state management activities increased quite "impressively". Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless.The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity.The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. It is estimated that the application of the latest standard would add US$824 billion.Most American countries use a national income accounting standard that fails to record the informal economy. In 2005, the value-added of this sector contributed to GDP was 8.5%. When the second wave began locally in the community, Vietnam very quickly and effectively dealt with the cases.In the interview, Phuoc emphasized ‘three pillars of growth – public investment, export and consumption.Once Vietnam can increase disbursement for public investment, this will have a positive impact on 50 business fields and workers’ incomes, thus helping stimulating consumption.To encourage consumption, Phuoc thinks that lowering the VAT rate for a certain period will help reduce goods and service prices. According to Phuoc, inflation in Vietnam depends on two factors – the prices of import products and input materials, including petroleum, and the prices of goods and services in the domestic market. Vietnam's GDP may grow 3.5-4% in 2020. Truong Van Phuoc, a respected economist, shared about his optimism about Vietnam's growth, though some analysts warned about a negative growth rate after the new Covid-19 outbreak was discovered in Da Nang.When the first wave of the epidemic was at its peak, Vietnam had a very clear plan on what to do to boost economic growth when it ended. Truong Van Phuoc, a respected economist, shared about his optimism about Vietnam's growth, though some analysts warned about a negative growth rate after the new Covid-19 outbreak was discovered in Da Nang.
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