Viet Nam GDP Composition by Sector

The GDP composition of Vietnam in 2023 significantly involves the industrial sector, with Mining, Manufacturing, and Utilities contributing 30.13%. Services follow at 25.82%, reflecting a growing emphasis on service-based economic activities. Agriculture, hunting, forestry, and fishing remain vital at 18.14%, though traditionally strong, their share indicates a gradual transition towards more industrial and service-oriented activities. Wholesale, retail trade, restaurants and hotels represent 15.9%, Construction 6.24%, and Transport, storage, and communication contribute 3.77%. These figures showcase a diversifying economy with an inclination towards industrialization and service enhancement. The data suggest a stable year-on-year growth pattern with a gradual shift towards urbanization and modernization.

Future trends indicate a progressive transition towards more digital and efficient processes in services and trade. Emphasis on sustainable and environmentally friendly agriculture, alongside infrastructure developments, might drive economic shifts. Observing sectoral policies for industrial advancements and service sector digitalization could provide insights into Vietnam's evolving economic landscape.

Top countries in Viet Nam GDP Composition by Sector

# 6 Countries Percent Last Year
1 1 Mining, Manufacturing, Utilities 30.13 2016
2 2 Services 25.82 2016
3 3 Agriculture, hunting, forestry, fishing 18.14 2016
4 4 Wholesale, retail trade, restaurants and hotels 15.9 2016
5 5 Construction 6.24 2016
6 6 Transport, storage and communication 3.77 2016

Top Countries about Retail