Source
Central bank

Central Bank of Myanmar

International Reserves

USD 5.6 billion (2018)

World Bank, data retrieved October 2019

Source
Gross Domestic Product - GDP

USD 68.6 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 328.4 billion (2018, estimate)

Real GDP growth
2007 2008 2009 2010 2011 2012 2013
12.5%

7.6%

4.4% 5.2% 5.5% 6.5% 7.9%
2014 2015 2016 2017 2018*    
8.2% 7.5% 5.2% 6.3% 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 1990 2000 2010 2019*
N/A N/A 0.11% 0.20% 0.25%

*Estimate

 
 
Source
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 2016 2017 2018* 2019*
7.3% 9.1% 4.6% 5.9% 7.8%

*Estimate

Unemployment rate
2015* 2016* 2017* 2018* 2019*
4.0% 4.0% 4.0% 4.0% 4.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018* 2019*
37.1% 39.8% 35.2% 38.2% 38.7%

*Estimate

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

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -2.9 billion (2018 estimate)

Current account balance by percentage of GDP

-4.2 % (2018 estimate)

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)

 
 
Source
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)

FDI inflows
2016 2017 2018
USD 2,989 million USD 4,341 million USD 3,554 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
N/A N/A USD 0.6 million 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 Const
ruction 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)

 
 
Source
Time zone

UTC+6.5

Total area

676,578 sq km

Capital

Rangoon (Yangon); note - Nay Pyi Taw is the administrative capital

Currency

Kyats (MMK)

Government type

Parliamentary republic

Languages

Burmese (official)

Religions

Buddhist 87.9%, Christian 6.2%, Muslim 4.3%, Animist 0.8%, Hindu 0.5%, other 0.2%, none 0.1% (2014 est.)

Total population
1990 2000 2010 2015* 2020*
N/A 46.38 million 49.71 million 51.85 million 53.38 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2018
19.2% 24% 27% 30.6%
Population median age

28.5 years

Population growth rate

0.89% (2018 estimate)

Life expectancy

68.6 years (2018 estimate)

Literacy

Total population: 75.6% 
Male: 80% 
Female: 71.8%
Definition: age 15 and over can read and write (2016 est.)

% 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)       

Source
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)

Mercer Cost of living index

Yangon: 117th (2019)

CO2 emissions

0.41 metric tons per capita (2014)

World's Best Banks By Region

World's Best Banks

2014

Additional Awards