Current Account in Myanmar

Myanmar Current Account | Economic News & Forecasts

Myanmar - Current Account

The 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

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

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

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