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Indicators of economy in Myanmar

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Myanmar, on the other hand, reached USD 1,210 per capita, or 65.09 billion USD for the whole country. Myanmar is therefore currently ranked 80 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Myanmar ranks 151st in the list of the richest countries.

Inflation in Myanmar in 2019 was around 8.83%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 73.0 percent lower.
The index for perceived corruption in the public sector is 28, which is rather poor by global standards.


Back to overview: Myanmar

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Myanmar in 2020 increased from 68.70 billion US dollars to 78.93 billion US dollars. Certainly, there have been shifts in numerous sectors of the economy, but a 14.89 percent increase has been rather unusual this year. While most countries have suffered significant losses, Myanmar has certainly held its own. The unemployment rate rose from 0.5 to 1.1 percent.

Unemployment rates in percentages 1991 - 2021

Economic performance 2021

 Myanmar
Total
Myanmar
per capita
EU
Total
EU
per capita
GDP65.09 bn USD1,209.93 USD17.177 tn USD33,384.92 USD
Gross national product62.77 bn USD1,166.79 USD16.895 tn USD32,835.37 USD


Development of gross domestic product in billions of USD 1970 - 2021



Imports and Exports 2019

 Myanmar
Total
Myanmar
per capita
EU
Total
EU
per capita
Imports17.36 bn USD322.62 USD8.916 tn USD17,329.02 USD
Exports17.52 bn USD325.72 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1976 - 2019

Exports
Imports



Myanmar: AirportsLargest airports and airlines in MyanmarThe 24 biggest airports and 5 airlines in Myanmar with further information and data with further information on airlines and destinations
Pariah StatesList of the 11 current Pariah States11 countries, that suffer from the sanctions of the international community because of their mostly autocratic government.
Alliance: ASEAN - Association of Southeast Asian NationsMembers of the ASEAN - Association of Southeast Asian NationsThe 10 members of the ASEAN trade agreement, listed with area and population (8.5% of world population)