GDP in Myanmar

Myanmar GDP | Economic News & Forecasts

Myanmar - GDP

Economic growth moderated noticeably last year, likely on the back of softening domestic demand and flooding in mid-2018 which smothered agricultural output. Weaker income growth seems to have capped private consumption growth amid strong inflationary pressures; inflation jumped in part due to higher oil prices and the depreciation of the kyat, following the Central Bank’s decision to remove the trading band for the currency. Furthermore, investment growth slowed during April–September. Turning to this year, available data shows that the manufacturing sector remained in good health through March. Operating conditions improved thanks to stronger growth in output, new orders and employment; the latter grew at the quickest rate in a year.

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 Yield13.000.0 %Mar 15
Exchange Rate1,5380.0 %May 13

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