External Debt in Myanmar

Myanmar External Debt | Economic News & Forecasts

Myanmar - External Debt

The economy likely took a severe hit from the coronavirus pandemic in H1. Disrupted global supply chains and vanishing demand from abroad hammered the important clothing industry, leading to factory closures and significant job losses. Household spending suffered as a result, also weighed down by shrinking remittances, while travel restrictions hit the tourism sector hard. Turning to Q3, the manufacturing PMI moved into expansionary territory in July and rose to a 15-month high in August, as output expanded at the fastest pace in over two years and employment returned to growth. However, due to a recent surge in Covid-19 cases, the government increased lockdown measures in early September, boding ill for recovery. On the political front, the campaign for November’s general elections started on 8 September, with the ruling National League for Democracy party leading the polls.

Myanmar - External Debt Data

2015   2016   2017   2018   2019  
External Debt (% of GDP)22.6  23.4  24.5  23.2  -     

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Myanmar External Debt Chart

Myanmar External Debt
Note: External debt as % of GDP.
Source: World Bank and FocusEconomics calculations.

Myanmar Facts

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

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