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Myanmar GDP and Economic Data

Country Report 2017 - 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.

 
 
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Central bank

Central Bank of Myanmar

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International Reserves

USD 7.4 billion (2012)

World Bank, data retrieved January 2017

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Gross Domestic Product - GDP

USD 75.7 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 342.2 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
13.1% 12% 3.6% 5.1% 5.4% 5.6% 7.3%
2013 2014 2015 2016* 2017*    
8.4% 8.7% 7% 8.1% 7.7%    

*Estimate

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GDP per capita - current prices

USD 1,438.8 (2017, estimate)

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GDP per capita - PPP

Intl$ 6,500.2 (2017, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.11% 0.20% 0.3%

*Estimate

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Source
GDP - composition by sector
  • Agriculture: 26.3%
  • Industry: 27.5%
  • Services: 46.2%

(2016 estimate)

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Gross domestic expenditure on R&D; (% of GDP)

N/A

Source
Inflation
2013 2014 2015 2016 2017*
5.7% 5.9% 11.4% 9.8% 9.1%

*Estimate

Source
Unemployment rate
2013* 2014* 2015* 2016* 2017*
4.0% 4.0% 4.0% 4.0% 4.0%

*Estimate

Source
Household saving rates

N/A

 

Source
Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016 2017*
34.2% 29.7% 34.3% 34.2% 34.2%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016 2017*
-2.1% -0.6% -4.8% -4.6% -4.6%

*Estimate

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Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
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Largest companies

N/A

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Current account balance

USD -6.1 billion (2017 estimate)

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Current account balance by percentage of GDP

-8.1% (2017 estimate)

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Exports as percent of GDP (Exports of goods and services)

20.8% (2015)

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Shares in world total merchandising export

0.04% (2015)

 

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Shares in world total commercial services export

0.08% (2014)

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Total exports

USD 10.5 billion (2016 estimate)

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Export commodities

Natural gas; wood products; pulses and beans; fish; rice; clothing; minerals, including jade and gems

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Total imports

USD 14.0 billion (2016 estimate)

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Import commodities

Fabric; petroleum products; fertilizer; plastics; machinery; transport equipment; cement, construction materials; food products_ edible oil

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Exports - major partners

China 37.7%, Thailand 25.6%, India 7.7%, Japan 6.2% (2015)

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Imports - major partners

China 42.2%, Thailand 18.5%, Singapore 11%, Japan 4.8% (2015)

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FDI inflows
2013 2014 2015
USD 584 million USD 946 million USD 2,824 million
Source
FDI outflows
2013 2014 2015
N/A N/A N/A
Source
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Source
Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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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: 170 out of 190 countries (2017)

Subcategories:

Starting a business: 146 out of 190 countries

Enforcing Contracts: 188 out of 190 countries

Registering Property: 143 out of 190 countries

Getting Credit: 175 out of 190 countries

Protecting Minority Investors: 179 out of 190 countries

Trading Across Borders: 159 out of 190 countries

Paying Taxes: 119 out of 190 countries

Dealing with Construction Permits: 66 out of 190 countries

Getting Electricity: 149 out of 190 countries

Resolving Insolvency: 164 out of 190 countries

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Global competitiveness ranking

N/A

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Index of Economic Freedom

Ranking: 158 / Score: 48.65 (Repressed) (2016)

(100=totally free 0=totally repressed)

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Time zone

UTC+6.5

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Total area

676,578 sq km

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Capital

Rangoon (Yangon)

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Currency

Kyats (MMK)

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Government type

Parliamentary republic

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Languages

Burmese (official)

Note: minority ethnic groups have their own languages

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Religions

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

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Total population
1990 2000 2010 2016* 2021*
N/A 46.379 million 49.708 million 52.254 million 54.05 million

*Estimate

Source
 
 
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Urban population as % of total population
1960 1980 2000 2015
19% 24% 27% 34%
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Population median age

28.6 years (2016 estimate)

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Population growth rate

1% (2016 estimate)

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Life expectancy

66.60 (2016 estimate)

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Literacy

Total population: 93.1%
Male: 95.2%
Female: 91.2% (2015 est.)

(age 15 and over can read and write)

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

N/A

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Freedom House rating

Political Rights: 5
Civil Liberties: 5 (2017)                         

(1 represents the most free, 7 the least free rating)

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Total telephone subscribers as % of population

Fixed 0.95%   Mobile 75.68% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

21.8% (2015)

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Mercer Cost of living index

Yangon: 39th (2016)

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CO2 emissions

0.2 (2013)

Source

World's Best Banks By Region

2014
2013

World's Best Banks

2014
2014

Additional Awards

2014
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