Myanmar Economic Outlook
February 19, 2019
The economy is likely to have grown at a similar rate in 2018 compared to 2017, supported by strong agricultural output growth. Turning to 2019, operating conditions in the manufacturing sector improved for the third month in a row in January thanks to solid rises in output and new orders, primarily from domestic firms. Despite this, sentiment among businesses remained subdued, while violence and the humanitarian crisis in Rakhine state, which flared up again in early February, could hurt tourism and FDI. In a bid to boost investment and liquidity, the Central Bank recently announced it would allow foreign banks to take up to a 35% stake in domestic banks.Myanmar Economic Growth
Growth should be robust going forward, although the slowdown in China could drag on activity. The potential loss of preferential market access to the EU, persistent twin deficits and the resurgence of violence in the Rakhine state pose further downside risks to the outlook. The panel sees growth at 6.7% in 2019, which is down 0.2 percentage points from last month’s forecast, and 7.1% in 2020.Myanmar Economy Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Population (million) | 51.0 | 51.4 | 51.8 | 52.3 | 52.6 |
| GDP per capita (USD) | 1,180 | 1,275 | 1,147 | 1,210 | 1,264 |
| GDP (USD bn) | 60.1 | 65.6 | 59.5 | 63.3 | 66.5 |
| Economic Growth (GDP, annual variation in %) | 8.4 | 8.0 | 7.0 | 5.9 | 6.7 |
| Unemployment Rate | 4.0 | 4.0 | 4.0 | 4.0 | 4.0 |
| Fiscal Balance (% of GDP) | -1.3 | -0.9 | -4.4 | -2.5 | -3.5 |
| Public Debt (% of GDP) | 33.2 | 29.9 | 34.5 | 35.7 | 34.7 |
| Inflation Rate (CPI, annual variation in %) | 5.7 | 5.1 | 10.0 | 6.8 | 5.1 |
| Policy Interest Rate (%) | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Exchange Rate (vs USD) | 983.8 | 1,032 | 1,304 | 1,358 | 1,362 |
| Exchange Rate (vs USD, aop) | 933.6 | 984.4 | 1,163 | 1,235 | 1,360 |
| Current Account (% of GDP) | -4.9 | -2.2 | -5.1 | -3.9 | -5.3 |
| Current Account Balance (USD bn) | -2.9 | -1.4 | -3.0 | -2.5 | -3.5 |
| Trade Balance (USD billion) | -0.1 | -1.9 | -3.8 | -3.7 | - |
| Exports (USD billion) | 9.4 | 10.0 | 10.0 | 9.1 | - |
| Imports (USD billion) | 9.5 | 11.9 | 13.7 | 12.8 | - |
| Exports (annual variation in %) | 14.4 | 6.6 | -0.6 | -8.8 | - |
| Imports (annual variation in %) | 24.8 | 25.0 | 15.5 | -6.8 | - |
| International Reserves (USD) | 8.6 | 2.0 | 3.8 | 4.6 | 4.9 |
| External Debt (% of GDP) | 12.1 | 9.6 | 11.2 | 10.2 | - |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Myanmar Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 13.00 | 0.0 % | Jan 15 |
| Exchange Rate | 1,520 | 0.0 % | Mar 11 |
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
© Copyright: 2019 | Myanmar Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
