Browse a full set of economic indicators

Myanmar

Includes Myanmar real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Myanmar economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Myanmar best banks and safest banks are also available.

Basic Information

Government Type: Parliamentary republic

Capital City: Rangoon (Yangon); note – Nay Pyi Taw is the administrative capital

GDP & Economic Information

Macroeconomy & Sovereign Data

Central Bank Central Bank of Myanmar
Currency Kyats (MMK)
International Reserves USD 5.6 billion (2018)

World Bank, data retrieved October 2019
Gross Domestic Product – GDP USD 68.6 billion (2018, estimate)
GDP (Purchasing Power Parity) Intl$ 328.4 billion (2018, estimate)

GDP Data

Real GDP growth 2007 12.5%
2008 7.6%
2009 4.4%
2010 5.2%
2011 5.5%
2012 6.5%
2013 7.9%
2014 8.2%
2015 7.5%
2016 5.2%
2017 6.3%
2018* 6.7%
*Estimate
GDP per capita – current prices USD 1,297.7 (2018, estimate)
GDP per capita – PPP Intl$ 6,216.7 (2018, estimate)
GDP (PPP) – share of world total 1980: N/A
1990: N/A
2000: 0.11%
2010: 0.20%
2019*: 0.25%

*Estimate
GDP – composition by sector Agriculture: 24.6%
Industry: 32.3%
Services: 43.2%
(2018 estimate)
Gross domestic expenditure on R&D; (% of GDP) N/A
Inflation 2015: 7.3%
2016: 9.1%
2017: 4.6%
2018*: 5.9%
2019*: 7.8%

Inflation & Debt

Inflation 2015: 7.3%
2016: 9.1%
2017: 4.6%
2018*: 5.9%
2019*: 7.8%
Government Bond Ratings
Standard & Poor’s: N/A

Moody’s: N/A

Standard & Poor’s / Moody’s
Unemployment rate 2015*: 4.0%
2016*: 4.0%
2017*: 4.0%
2018*: 4.0%
2019*: 4.0%

*Estimate
Household saving rates N/A
Public debt (General government gross debt as a % of GDP) 2015: 37.1%
2016: 39.8%
2017: 35.2%
2018*: 38.2%
2019*: 38.7%

*Estimate
Public deficit (General government net lending/borrowing as a % of GDP) 2015: -2.8%
2016: -3.5%
2017: -2.6%
2018*: -2.6%
2019*: -3.5%

*Estimate
Market value of publicly traded shares N/A
Largest Companies N/A

Import/Export

Exports as percent of GDP (Exports of goods and services) 20% (2017)
Shares in world total merchandising export 0.09% (2018)
Shares in world total commercial services export 0.09% (2018)
Total exports USD 17.1 billion (2018 estimate)
Export commodities Natural gas; wood products; pulses and beans; fish; rice; clothing; minerals, including jade and gems
Total imports USD 19.6 billion (2018 estimate)
Import commodities
Fabric; petroleum products; fertilizer; plastics; machinery; transport equipment; cement, construction materials; food products‘ edible oil
Exports – major partners China 36.5%, Thailand 21.8%, Japan 6.6%, Singapore 6.4%, India 5.9% (2017)
Imports – major partners China 31.4%, Singapore 15%, Thailand 11.1%, Saudi Arabia 7.5%, Malaysia 6.2%, Japan 6%, India 5.5%, Indonesia 4.5% (2017)

Competitiveness & Trade

Current account balance USD -2.9 billion (2018 estimate)
Current account balance by percentage of GDP
-4.2 % (2018 estimate)
FDI inflows 2016: USD 2,989 million
2017: USD 4,341 million
2018: USD 3,554 million
FDI Outflows N/A
Value of cross-border M&A, by country of purchaser 2015: N/A
2016: N/A
2017: USD 0.6 million
2018: USD 23.1 million
Cross-border M&A deals worth over $3 billion completed in 2014 N/A
Cross-border M&A deals worth over $3 billion completed in 2015 N/A
Best countries for doing business Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking:

165 out of 190 countries

Starting a Business: 70 out of 190 countries
Dealing with Construction Permits: 46 out of 190 countries
Getting Electricity: 148 out of 190 countries
Registering Property: 125 out of 190 countries
Getting Credit: 181 out of 190 countries
Protecting Minority Investors: 176 out of 190 countries
Paying Taxes: 129 out of 190 countries
Trading across Borders: 168 out of 190 countries
Enforcing Contracts: 187 out of 190 countries
Resolving Insolvency: 164 out of 190 countries
Global competitiveness ranking N/A
Index of Economic Freedom Ranking: 139 / Score: 53.6 (Mostly unfree)

(100=totally free 0=totally repressed)

Population & Geographic Data

Time Zone UTC+6.5
Total Area 676,578 sq km
Total Population 1990: N/A
2000: 46.38 million
2010: 49.71 million
2015*: 51.85 million
2020*: 53.38 million

*Estimate
Urban population as % of total population 1960: 19.2%
1980: 24%
2000: 27%
2018: 30.6%
Population median age 28.5 years
Population growth rate 0.89% (2018 estimate)
Life expectancy 68.6 years (2018 estimate)

% of population living on less than $3.10 a day 29.5% (last available estimate, 2015)
Inequality of wealth distribution (Gini index) 38.1 (last available estimate, 2015)
Freedom House rating Partly Free
Political Rights: 5
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)
Total telephone subscribers as % of population Fixed: 1% Mobile: 113.8% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)
Internet users as % of total population 30.68 % (2017)

Language & Religon

Languages Burmese (official)
Literacy Total population: 75.6%
Male: 80%
Female: 71.8%
Definition: age 15 and over can read and write (2016 est.)
Religions Buddhist 87.9%, Christian 6.2%, Muslim 4.3%, Animist 0.8%, Hindu 0.5%, other 0.2%, none 0.1% (2014 est.)

World Rankings

Population 53.38 M
Mercer Cost of living index Yangon: 117th (2019)
C02 Emissions per capita
0.41 metric tons per capita (2014)

Global Finance Rankings & Awards: Myanmar

Global Finance Magazine holds several conferences and awards ceremonies throughout the year to recognize the winning financial institutions and companies in a host of categories including World’s Best Trade Finance Banks, World's Biggest Banks, World's Safest Banks, World's Best Developed & Emerging Markets Banks, World's Best Internet Banks, and World’s Best Investment Banks.


Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings

Moody’s

Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000

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