GDP in Myanmar

Myanmar GDP | Economic News & Forecasts

Myanmar - GDP

Myanmar 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

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)5.1  5.3  5.6  7.3  8.4  

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

Myanmar Facts

Bond Yield13.000.0 %Feb 15
Exchange Rate1,3620.22 %Apr 06

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