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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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Source
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 (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2019* |
| N/A | N/A | 0.11% | 0.20% | 0.25% |
*Estimate
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GDP - composition by sector
- Agriculture: 24.6%
- Industry: 32.3%
- Services: 43.2%
(2018 estimate)
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
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
Source
Market value of publicly traded shares
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Source
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)
Export commodities
Natural gas; wood products; pulses and beans; fish; rice; clothing; minerals, including jade and gems
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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 |
FDI outflows
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
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 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
Source
Index of Economic Freedom
Ranking: 139 / Score: 53.6 (Mostly unfree)
(100=totally free 0=totally repressed)
Source
Source
Capital
Rangoon (Yangon); note - Nay Pyi Taw is the administrative capital
Source
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
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 19.2% | 24% | 27% | 30.6% |
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)
Source
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)