Current Account in Myanmar
Myanmar - Current AccountEconomic 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
|Current Account (% of GDP)||-4.2||-3.1||-4.0||-6.4||-5.2|
5 years of economic forecasts for more than 30 economic indicators.
Myanmar Current Account Chart
|Bond Yield||16.00||0.0 %||Oct 15|
|Exchange Rate||1,476||0.0 %||Jan 01|
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