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PERIOD BETWEEN 2001 AND 2005
GDP growth: Annual GDP growth rates in the period between 2001 and 2005 were between eight and 8.5 percent. Agriculture and forestry contributed 4 to 4.5 percent, industry and construction 20 to 22 percent and services 16 to 17 percent.
Economic structure in 2005: The share of agriculture and forestry is between 64 and 66 percent; industries and construction is 12 to 13 percent; services is 21 to 23 percent. The value of exports in 2005 is estimated to be USD 300 million. The main exports are coffee, rubber and honey.
Dak Lak’s economic structure barely changed between 2000 and 2003. Agriculture, forestry and fisheries remained the largest sector supplying 56 percent of GDP, down slightly from 59.2 percent in 2000. Agriculture plays a slightly larger role than the Central Highlands regional average of 54 percent, and substantially more than the national average of 22 percent for GDP (in 2003).
Table: GDP by sector, VND billions, 2000 & 2003
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2000
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|
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2003
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|
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Agriculture, Forestry and fishing
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Industry and construction
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Services
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Agriculture, Forestry and fishing
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Industry and construction
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Services
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National
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24.5%
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36.8%
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38.7%
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21.8%
|
40.0%
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38.2%
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Central Highlands average
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56.8%
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15.8%
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27.4%
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53.9%
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17.2%
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28.9%
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Average regional GDP VND billions
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1343.04
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372.62
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648.12
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1765.40
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564.50
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948.04
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Dak Lak
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59.2%
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13.9%
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26.9%
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56.0%
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16.3%
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27.7%
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Dak Lak GDP
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2384
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559.9
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1086.5
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3104.4
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904.7
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1536.3
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Source: GSO 2005
Dak Lak’s GDP growth rates, in current prices, compare well to the national average and to other regions. Agriculture grew at 11.4 percent in 2003, compared to 3.6 percent nationally, though this could be due to an increase in the price of coffee. The growth rate in industry was 26.3 percent, higher than regional and national averages, as was the growth rate in the service sector. These growth rates are also higher than Quang Nam province though not the South Central Coastal region as a whole.
Table: GDP growth by sector, current prices
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Agriculture
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Industry and Construction
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Services
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2003
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Average 2000-2003
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2003
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Average 2000-2003
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2003
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Average 2000-2003
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|
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National
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3.6%
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3.9%
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10.5%
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10.1%
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6.5%
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6.1%
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Central Highlands average
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13.6%
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9.7%
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22.0%
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15.0%
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16.4%
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13.5%
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Dak Lak
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11.4%
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9.2%
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26.3%
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17.5%
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19.5%
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12.3%
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Source: GSO 2005
Figure: Central Highlands GDP, by sector, 2003
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