Wednesday, September 21, 2011

21/09 Vietnam GDP growth rate 08-11

Vietnam Annual GDP Growth Rate

The Gross Domestic Product (GDP) in Vietnam expanded 5.67 percent in the second quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 2000 until 2011, Vietnam's average annual GDP Growth was 6.61 percent reaching an historical high of 8.46 percent in December of 2007 and a record low of 3.14 percent in March of 2009. This page includes: Vietnam Annual GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Vietnam GDP Quarterly Growth Rate, which measures growth over the previous quarter.

CountryIndicatorReferenceActualPreviousNext ReleaseImpact
VietnamGDP Annual Growth RateJun/20115.675.43Indicator Market Impact

Global Economics

Swiss Trade Surplus Narrows In August
Published: 9/20/2011 12:08:57 PM By:, SECO
Switzerland's trade surplus narrowed in August due to a sharp fall in exports, data from the Federal Customs Administration showed on September 20.

Euro Area Trade Surplus Widens in July
Published: 9/16/2011 12:01:49 PM By:, Eurostat
The first estimate for euro area (EA17) trade with the rest of the world in July 2011 gave a 4.3 bn euro surplus, compared with +51 mln euro in June 2011.

U.S. Annual Inflation Rate Rises to 3.8% in August
Published: 9/15/2011 3:05:46 PM By:, US Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on September 15. Over the last 12 months, the all items index increased 3.8 percent before seasonal adjustment.

Euro Area Annual Inflation Stable at 2.5%
Published: 9/15/2011 11:42:34 AM By:, Eurostat
Euro area annual inflation was 2.5% in August 2011, unchanged compared with July. A year earlier the rate was 1.6%. Monthly inflation was 0.2% in August 2011.

The Reserve Bank of New Zealand Holds Rate at 2.5%
Published: 9/15/2011 11:36:55 AM By:, RBNZ
The New Zealand economy has performed relatively well while headline inflation has increased somewhat since the June Statement. At the same time, however, global economic and financial risks have increased.

SNB Reiterates Franc Stance
Published: 9/15/2011 11:29:31 AM By:, SNB
The Swiss National Bank will enforce the minimum exchange rate of CHF 1.20 per euro set on 6 September with the utmost determination. It is prepared to buy foreign currency in unlimited quantities. It continues to aim for a three-month Libor at zero and will maintain total sight deposits at the SNB at significantly above CHF 200 billion.

UK Trade Deficit Unchanged in July
Published: 9/13/2011 4:07:37 PM By:, UK Office for National Statistics
The UK's seasonally adjusted deficit on trade in goods and services was £4.5 billion in July, virtually unchanged compared with June.

U.K. Inflation Accelerates to 4.5% in August
Published: 9/13/2011 4:01:08 PM By:, UK Office for National Statistics
U.K. inflation accelerated in August as the end of seasonal discounts boosted prices for items such as clothes and furniture.

Australia's Trade Surplus Widens in July
Published: 9/12/2011 1:24:15 PM By:, Australian Bureau of Statistics
Australia posted its fifth monthly trade surplus in a row in July, after a small deficit in February linked to floods and other weather-related disruptions.

China's Trade Surplus Narrows in August
Published: 9/11/2011 6:27:19 PM By:, National Bureau of Statistics China
China's trade surplus fell to $17.75 billion in August as compared to $31.48 billion worth of surplus seen in July this year mostly due to record surge in imports.

GDP Growth Definition

Economic growth is the increase in value of the goods and services produced by an economy. It is conventionally measured as the percent rate of increase in real gross domestic product, or GDP. Growth is usually calculated in real terms, i.e. inflation-adjusted terms, in order to net out the effect of inflation on the price of the goods and services produced. In economics, "economic growth" or "economic growth theory" typically refers to growth of potential output, i.e., production at "full employment," which is caused by growth in aggregate demand or observed output.As economic growth is measured as the annual percent change of National Income it has all the advantages and drawbacks of that level variable. But people tend to attach a particular value to the annual percentage change, perhaps since it tells them what happens to their pay check.

The real GDP per capita of an economy is often used as an indicator of the average standard of living of individuals in that country, and economic growth is therefore often seen as indicating an increase in the average standard of living.However, there are some problems in using growth in GDP per capita to measure general well being.GDP per capita does not provide any information relevant to the distribution of income in a country. GDP per capita does not take into account negative externalities from pollution consequent to economic growth. Thus, the amount of growth may be overstated once we take pollution into account. GDP per capita does not take into account positive externalities that may result from services such as education and health. GDP per capita excludes the value of all the activities that take place outside of the market place (such as cost-free leisure activities like hiking).

Economists are well aware of these deficiencies in GDP, thus, it should always be viewed merely as an indicator and not an absolute scale. Economists have developed mathematical tools to measure inequality, such as the Gini Coefficient. There are also alternate ways of measurement that consider the negative externalities that may result from pollution and resource depletion (see Green Gross Domestic Product.)The flaws of GDP may be important when studying public policy, however, for the purposes of economic growth in the long run it tends to be a very good indicator. There is no other indicator in economics which is as universal or as widely accepted as the GDP.Economic growth is exponential, where the exponent is determined by the PPP annual GDP growth rate. Thus, the differences in the annual growth from country A to country B will multiply up over the years. For example, a growth rate of 5% seems similar to 3%, but over two decades, the first economy would have grown by 165%, the second only by 80% (source: wikipedia).

----- Forwarded Message -----
From: binh nguyen <>
To: "" <>
Sent: Wednesday, September 21, 2011 2:48 AM
Subject: [CLBcSVVNtNB] Vietnam GDP growth rate 08-11

Thưa các anh chị,
VN tuy không tăng trưởng hai con số  nhưng trong lúc toàn cầu kinh tế suy thoái mà vẫn giữ tăng trưởng trong mấy năm nay khoảng 5-7% là một tin vui . Mong các chuyên gia kinh tế cho vài lời nhận định .
Thân kính
NT Bình

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