GDP in Myanmar
Myanmar - GDPMyanmar’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
|Economic Growth (GDP, annual variation in %)||5.6||7.3||8.4||8.7||7.0|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||13.00||0.0 %||Feb 15|
|Exchange Rate||1,371||0.0 %||May 10|
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