Current Account in Myanmar

Myanmar Current Account | Economic News & Forecasts

Myanmar - Current Account

Economic growth should have been broadly stable in the second half of FY 2019 (April–September 2019). The manufacturing sector PMI averaged notably higher in H2 compared to H1, thanks to robust inflows of new orders and job creation. Nevertheless, the challenging external environment amid protracted Sino-American trade woes continued to weigh on the economy. This likely explains why industrial sector activity fell to a multi-year low in H1 FY 2019 and why economic growth softened in the same period despite a pick-up in the services and trade sector and a strong rebound in agricultural output. The latter was partly due to a base effect as agricultural output suffered from flooding in the interim period. In other news, the government relaxed visa rules in October and this should boost tourism going forward.

Myanmar - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-0.6  -4.2  -3.1  -4.0  -6.4  

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Myanmar Current Account Chart


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

Myanmar Facts

ValueChangeDate
Bond Yield16.000.0 %Jul 15
Exchange Rate1,5320.0 %Sep 04

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