Indicators of economy in Burma
The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in Burma reached 1.468 US dollars per inhabitant, or 79.85 bn US Dollar in the whole country. Burma is therefore currently ranked 67 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Burma is in the list of the world's richest countries in place 143.Inflation in Burma was in 2019 at around 8.83%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 73.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Burma
Impact of the Covid-19 pandemic in 2020
Overall, the gross domestic product in Burma in 2020 increased from 68.70 billion US Dollar to 79.85 billion US Dollar. Certainly, there have been shifts in numerous sectors of the economy, but a 16.24 percent increase has been rather unusual this year. While most countries have suffered significant losses, Burma has certainly held its own. The unemployment rate rose from 0.5 to 1.1 percent.Unemployment rates in percent 1991 - 2021
Economic performance 2020
Burma Total | Burma per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 79.85 bn USD | 1,467.60 USD | 15,291.93 tn USD | 29,692.11 USD |
Gross national product | 73.62 bn USD | 1,353.10 USD | 15,330.84 tn USD | 29,767.66 USD |
Development of the Gross domestic product in billion US Dollar 1970 - 2020
› Debt budget development
› Development of inflation
› Corruption in Burma
› Cost of living in a global comparison
› Development of inflation
› Corruption in Burma
› Cost of living in a global comparison
Im- and Exports 2019
Burma Total | Burma per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 17.36 bn USD | 318.99 USD | 7,340.01 bn USD | 14,251.98 USD |
Exports | 17.52 bn USD | 322.06 USD | 7,939.04 bn USD | 15,415.11 USD |
Development of imports and exports in billion US dollars 1976 - 2019
Exports
Imports