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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 12,183 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 9.22 percent. In the United States, it was most recently 8.00%.

The index for perceived corruption in the public sector is 23, 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 0.4 to 1.5 percent. The country's gross debt increased by 14.1 percent.

Income and purchasing power

The average monthly income in Myanmar is 98 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 77.3 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Myanmar than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 92.7 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

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


In the Global Innovation Index, Myanmar ranked 116th in 2022 with 16.4 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.

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


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



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