Labor share of gdp in Vietnam
Vietnam: Labor share of gdp was 42.7 in 2020. ▬ Flat
Latest (2020)
42.7
Change on year
up 1.7%
World rank
130th
of 187 countries
All-time high
44.9
in 2009
All-time low
42
in 2019
Years of data
17
2004–2020
Labor share of gdp in Vietnam, 2004–2020
Source: Our World in Data.
Analysis
In 2020, labor share of gdp in Vietnam stood at 42.7.
Compared with earlier readings it is up 1.7% on the previous year and down 3.0% over ten years.
Over the whole period, labor share of gdp in Vietnam peaked at 44.9 in 2009 and was at its lowest, 42, in 2019.
Vietnam ranks 130th of 187 countries on this measure, in the middle of the range.
Labor share of gdp in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 43.3 | — |
| 2005 | 43.3 | +0.0% |
| 2006 | 43.7 | +0.9% |
| 2007 | 43.5 | -0.5% |
| 2008 | 44.7 | +2.8% |
| 2009 | 44.9 | +0.4% |
| 2010 | 44 | -2.0% |
| 2011 | 44 | +0.0% |
| 2012 | 44.5 | +1.1% |
| 2013 | 44.3 | -0.4% |
| 2014 | 43.4 | -2.0% |
| 2015 | 42.1 | -3.0% |
| 2016 | 42.4 | +0.7% |
| 2017 | 43.6 | +2.8% |
| 2018 | 43.9 | +0.7% |
| 2019 | 42 | -4.3% |
| 2020 | 42.7 | +1.7% |
Vietnam compared with similar countries
- Vietnam's 42.7 is below the median for upper middle income countries, which is 45.7, 93% of the median. (53 countries reporting)
- Vietnam's 42.7 is below the median for East Asia & Pacific, which is 46.5, 92% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43.9 | 43.3 | 44.9 | 6 |
| 2010s | 43.42 | 42 | 44.5 | 10 |
| 2020s | 42.7 | 42.7 | 42.7 | 1 |
Countries ranked near Vietnam
More work & labour data for Vietnam
- Persons outside the labour force (ILO modelled estimates) 22,535 (2027)
- Labour force participation rate (ILO modelled estimates) 71.95 (2027)
- Labour force (ILO modelled estimates) 57,816 (2027)
- Unemployment rate (ILO modelled estimates) 1.61 (2027)
- Labour dependency ratio 0.806 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 30,426 (2027)
- Output per worker, GDP constant 2015 US $ 8,480 (2027)
- Employment-to-population ratio (ILO modelled estimates) 70.79 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 3.1 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.7361 % change on previous year (2027)
Frequently asked questions
- What is labor share of gdp in Vietnam?
- Labor share of gdp in Vietnam was 42.7 in 2020, according to Our World in Data.
- What is the highest labor share of gdp recorded in Vietnam?
- The highest recorded value was 44.9 in 2009.
- What is the lowest labor share of gdp recorded in Vietnam?
- The lowest recorded value was 42 in 2019.
- How does Vietnam rank for labor share of gdp?
- Vietnam ranks 130th out of 187 countries with data for 2020.
- Is labor share of gdp rising or falling in Vietnam?
- Over the last ten years it is down 3.0%. The long-run trend across the full record is flat.
- Where does this Vietnam data come from?
- The figures come from Our World in Data, published as part of Labor share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).