Current Account in Myanmar
Myanmar - Current AccountThe economy has likely continued to perform well so far this year after growth remained robust during the interim fiscal year period from April through September last year. Government reform efforts have seemingly come to fruition: Foreign investment nearly doubled in the first six months of this year compared to the first six months of last year, and the opening up of the insurance sector—which is a largely untapped market—should continue to boost foreign capital inflows. Furthermore, growth in the manufacturing sector remained robust in July, despite the manufacturing PMI easing to a four-month low amid softer new orders growth and reduced purchasing activity. In the same month, employment in the sector continued to rise, which bodes well for household consumption ahead.
Myanmar - Current Account Data
|Current Account (% of GDP)||-0.6||-4.2||-3.1||-4.0||-6.4|
5 years of economic forecasts for more than 30 economic indicators.
Myanmar Current Account Chart
|Bond Yield||16.00||0.0 %||Jul 15|
|Exchange Rate||1,532||0.0 %||Sep 04|
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