GDP in Myanmar

Myanmar GDP | Economic News & Forecasts

Myanmar - GDP

Myanmar’s economy lost momentum on several fronts last year. The agricultural sector was held back by drought, while the energy sector suffered from rock-bottom oil and gas prices. In addition, FDI inflows were subdued, as investors adopted a more cautious approach following a burst of optimism when the liberalization of the economy began in 2011, with uncertainty persisting regarding Aung San Suu Kyi’s approach to economic policy making. However, in a move which should revitalize the flagging economy, a new investment law came into force in April, which aims to encourage both foreign and domestic investment and open up more economic sectors to private capital. In addition, a government audit of four state-owned banks is well underway, which should ultimately improve financial institutions’ health and boost private lending.

Myanmar - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)5.6  7.3  8.4  8.7  7.0  

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Note: Annual variation of gross domestic product (GDP) in %.
Source: IMF.

Myanmar Facts

Bond Yield13.000.0 %Feb 15
Exchange Rate1,3710.0 %May 10

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