Agriculture Sector Contribution to GDP in Vietnam (1990-2022)

Agriculture Sector Contribution to GDP in Vietnam (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Vietnam (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Vietnam
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
Vietnam’s agriculture sector contributed significantly to GDP, starting at 38.7% in 1990, but has declined steadily to around 11.9% by 2022. The reduction aligns with Vietnam’s economic reforms (Đổi Mới) and industrialization efforts, driving growth in manufacturing and services. Agriculture’s GDP share decreased sharply in the early 2000s, stabilizing as the economy diversified.

Despite the drop, agriculture remains crucial for rural employment and food security. The slight increase to 12.7% in 2020 highlights its resilience during the pandemic, emphasizing its role in Vietnam’s balanced economic structure.

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