Unemployment in Myanmar

Myanmar Unemployment | Economic News & Forecasts

Myanmar - Unemployment

The economy is currently reeling from the Covid-19 fallout. Manufacturing activity deteriorated at the fastest pace on record in April, as output, new orders and employment all sank at record rates, amid suspended business operations as a result of the pandemic. On the external front, agriculture exports are suffering from plummeting foreign demand, while the tourism sector is being rocked by the collapse in air travel. In response, on 27 April, the government launched an economic relief plan, which envisages a credit guarantee scheme, tax deferrals and incentives for foreign investors. Meanwhile, the World Bank announced a three-year partnership with Myanmar on 13 May, on the heels of an emergency USD 50 million loan delivered by the Bank in April to support the healthcare system.

Myanmar - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate4.0  4.0  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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