Unemployment in Myanmar

Myanmar Unemployment | Economic News & Forecasts

Myanmar - Unemployment

After activity took a likely severe hit in H1 amid the health crisis, the economic panorama remains bleak in H2, particularly in Q4, amid soaring Covid-19 infections. Following September’s dive, the manufacturing PMI slid further into contractionary territory in October—marking the worst reading since April—with output and new orders declining at a record pace. On a brighter note, on 8 November, Japan approved a low market rate loan to Myanmar worth JPY 42.8 billion (about USD 414 million) for infrastructure projects and financing businesses. In politics, the ruling National League for Democracy Party achieved a landslide victory in November’s general election, winning more than 83% of the seats in parliament. Thus, it maintained its two-third majority, allowing the party’s leader, Aung San Suu Kyi, to enact her agenda envisioning higher FDI and job creation.

Myanmar - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate4.0  4.0  4.0  4.0  -     

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Myanmar Unemployment Chart

Myanmar Unemployment
Note: Unemployment in % of active population.
Source: IMF.

Myanmar Facts

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

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