GDP in Myanmar

Myanmar GDP | Economic News & Forecasts

Myanmar - GDP

Prospects appeared dim in Q3. Covid-19 cases jumped in July amid low vaccination coverage, forcing the introduction of new restrictions which likely weighed on activity. The manufacturing PMI became further entrenched in negative territory in the quarter amid shortages of materials, while exports and imports fell. Moreover, notable currency depreciation led to rising inflation, likely hitting private consumption. Turning to Q4, prospects have improved slightly: The currency has recovered some of its losses, and there was a slight rebound in the PMI in October–November. However, fixed investment likely continues to be hit by poor investor sentiment, with several international corporations announcing their intention to withdraw from the country. Moreover, intense civil conflict continues, while Canada, the UK and the U.S. imposed fresh sanctions on the regime in December.

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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