Fiscal Balance in Myanmar

Myanmar Fiscal Balance | Economic News & Forecasts

Myanmar - Fiscal Balance

Economic 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 - Fiscal Balance Data

2014   2015   2016   2017   2018  
Fiscal Balance (% of GDP)-1.3  -2.8  -3.5  -2.6  -2.6  

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Myanmar Fiscal Balance Chart

Myanmar Fiscal
Note: Fiscal balance as % of GDP.
Source: IMF.

Myanmar Facts

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

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