Current Account in Myanmar

Myanmar Current Account | Economic News & Forecasts

Myanmar - Current Account

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 - 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

ValueChangeDate
Bond Yield13.000.0 %Jan 15
Exchange Rate1,5200.0 %Mar 11

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