Vietnam’s Living Standards More Than Double
in a Quarter of a Century


 
Vietnam GDP per capita Growth has strongly out-performed Asia-Pacific and Frontier Markets despite poor governance.

Vietnam's GDP Per Capita Growth
Index: 1995=100
Vietnam’s Living Standards More Than Double - in a Quarter of a Century
Vietnam’s Living Standards More Than Double - in a Quarter of a Century

* GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.



GDP per capita has risen in Vietnam by 243% since 1996, compared with an increase in the Asia-Pacific region of 73% and of 72% in the Frontier Markets. Only 1.9% of the population now live below the poverty line. This success in raising the income of its citizens is somewhat akin to that of China, since the country has a very low World Economics Governance score of 20.3 which places Vietnam in the Repressive category. Vietnam is ranked 142nd out of 153 countries in the World Economics Governance Rankings.

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