GDP in Myanmar
Myanmar - GDPMyanmar is slowly moving forward with economic reforms which should help sustain the economy’s rapid growth. The audit of four state-owned banks in cooperation with the World Bank marks an attempt to introduce transparency in the fundamentally opaque public banking sector. This should help restructure the banks, ensure their long-term sustainability and spur credit for consumption and investment in a country where two-thirds of the population do not have access to financial services. Moreover, a quickly depreciating kyat is weighing on purchasing power. The weak currency is the result of a growing trade deficit, compounded by the fact that the Central Bank lacks the sufficient reserves to halt the depreciation.
Myanmar - GDP Data
|Economic Growth (GDP, annual variation in %)||5.6||7.3||8.4||8.5||-|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||13.00||0.0 %||Jan 15|
|Exchange Rate||1,371||-0.04 %||Mar 23|
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