Current Account in Myanmar

Myanmar Current Account | Economic News & Forecasts

Myanmar - Current Account

Economic momentum seems to have picked up in 2019, after markedly slowing last year owing to flooding in mid-2018, which hampered agricultural production, and lower government expenditure in efforts to close the fiscal shortfall. In January–April, the manufacturing sector’s operating conditions significantly improved from a weak H2 2018—which was induced by increased cost pressures and exchange rate volatility—while output and new orders growth strengthened in April. Although employment in the sector grew only marginally in April, domestic demand should have firmed up on softer inflation and a stronger kyat in the first quarter. Ongoing reform efforts since the start of the year should further strengthen the domestic side of the economy.

Myanmar - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-4.9  -2.2  -5.1  -3.9  -5.3  

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Myanmar Current Account Chart

Myanmar Current Account
Note: Current account balance as % of GDP.
Source: IMF

Myanmar Facts

Bond Yield13.000.0 %Mar 15
Exchange Rate1,5380.0 %May 13

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