Current Account in Myanmar

Myanmar Current Account | Economic News & Forecasts

Myanmar - Current Account

Economic growth accelerated to a four-year high in fiscal year 2019, which ended in September, on the back of robust growth in the industrial sector, which offset a meager outturn by the agricultural sector. The strong performance of the industrial sector came despite protracted trade tensions during the year, which likely weighed on the external sector as export growth is expected to have softened. Turning to the opening quarter of fiscal year 2020, the manufacturing sector’s PMI averaged slightly higher compared to the prior quarter, suggesting that the industrial sector remained strong in the period. Meanwhile, in mid-January Chinese President Xi Jinping visited Myanmar and the two governments bolstered relations by signing multiple bilateral agreements as part of China’s Belt and Road program.

Myanmar - Current Account Data

2014   2015   2016   2017   2018  
Current Account (% of GDP)-4.2  -3.1  -4.0  -6.4  -5.2  

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Myanmar Current Account Chart

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

Myanmar Facts

Value Change Date
Bond Yield16.000.0 %Oct 15
Exchange Rate1,4760.0 %Jan 01

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