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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
GDP79.85 bn USD1,467.60 USD15,291.93 tn USD29,692.11 USD
Gross national product73.62 bn USD1,353.10 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1970 - 2020



Im- and Exports 2019

 Burma
Total
Burma
per capita
EU
Total
EU
per capita
Imports17.36 bn USD318.99 USD7,340.01 bn USD14,251.98 USD
Exports17.52 bn USD322.06 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1976 - 2019

Exports
Imports



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