GDP in Myanmar

Myanmar GDP | Economic News & Forecasts

Myanmar - GDP

Following a likely significant contraction in H1, the economic panorama remains subdued so far in H2 amid rising Covid-19 infections. On the external front, tourist arrivals dropped for the sixth consecutive month and at the sharpest pace in the year in July. Moreover, subdued external demand likely continued to hammer the crucial clothing industry in Q3. Meanwhile, despite recovering in July–August, the manufacturing PMI plunged back into contraction in September as the introduction of new pandemic-associated restrictions, including the shutdown of factories in Yangon, Myanmar’s biggest city, deteriorated business conditions. In politics, despite the Covid-19 surge, authorities ruled out the postponement of November’s general elections, with the ruling National League for Democracy party largely expected to win.

Myanmar - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)7.0  5.9  5.8  6.4  6.8  

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Myanmar GDP Chart


Myanmar GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: IMF.

Myanmar Facts

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

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