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 | |
---|---|---|---|---|
GDP | 65.09 bn USD | 1,209.93 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 62.77 bn USD | 1,166.79 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in billions of USD 1970 - 2021
› Debt budget development
› Development of inflation
› Corruption in Myanmar
› Cost of living in a global comparison
› Development of inflation
› Corruption in Myanmar
› Cost of living in a global comparison
Imports and Exports 2019
Myanmar Total | Myanmar per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 17.36 bn USD | 322.62 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 17.52 bn USD | 325.72 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1976 - 2019
Exports
Imports