GDP in Myanmar

Myanmar GDP | Economic News & Forecasts

Myanmar - GDP

Although economic data remains limited, momentum is expected to have picked up in the year-to-date from the interim fiscal year period that ran from April to September 2018. Easing inflationary pressures and a stronger currency should have buttressed domestic demand in Q1; however, inflation jumped to a seven-month high in April while the kyat lost some ground against the greenback, boding poorly for private consumption in the second quarter. More positively, the manufacturing sector’s operating conditions continued to markedly improve in the first two months of Q2, buttressed by more favorable demand conditions. Meanwhile, a number of foreign companies will likely enter the country’s largely untapped insurance market by the end of the year in the wake of pro-market reforms.

Myanmar - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)8.4  8.0  7.0  5.9  6.7  

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Myanmar GDP Chart


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

Myanmar Facts

ValueChangeDate
Bond Yield16.000.0 %Apr 15
Exchange Rate1,5230.0 %Jun 20

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