Myanmar | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Myanmar including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Myanmar economy.

MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1351.50 1370 1380 1420 1410 1620 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 7.00 7.7 7.7 7.7 7.5 7.9 percent [+]
GDP 62.60 61.44 60.61 59.78 60.43 69.85 USD Billion [+]
GDP per capita 1308.70 894 915 935 935 1779 USD [+]
GDP per capita PPP 4930.59 5082 5157 5231 5307 6407 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 4.02 4 4 4 4 4.2 percent [+]
Minimum Wages 3600.00 3600 3600 3600 3600 3600 MMK/ 8-hour [+]
Population 53.90 54.12 54.25 54.37 54.49 56.32 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 9.94 7.4 6.8 6.1 6.3 4.2 percent [+]
Food Inflation 12.30 9.89 9.89 9.89 9.89 9.89 percent [+]
Consumer Price Index Cpi 224.68 224 224 224 224 224 Index Points [+]
Inflation Rate Mom 0.46 0.75 0.81 0.8 0.79 0.8 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 10.00 10 10 10 10 10 percent [+]
Deposit Interest Rate 8.00 8.05 7.95 7.85 7.86 7.87 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -332.60 -399 -398 -397 -397 -397 USD Million [+]
Exports 859.90 942 942 942 942 942 USD Million [+]
Imports 1192.50 1296 1296 1296 1296 1296 USD Million [+]
Current Account -1128.00 -635 -808 -981 -913 904 USD Million [+]
Current Account to GDP -8.90 -8.26 -9.07 -9.89 -9.96 -11.97 percent [+]
Foreign Direct Investment 378.35 908 897 898 899 899 USD Million [+]
Tourist Arrivals 300159.00 334931 335979 346183 346245 342806 [+]
Terrorism Index 4.17 4.33 4.3 4.27 4.29 4.43 [+]
Crude Oil Production 16.00 15.6 15.61 15.61 15.61 15.62 BBL/D/1K [+]
Gold Reserves 7.27 7.27 7.26 7.26 7.26 7.26 Tonnes [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 32.04 37 37 37 28.59 36 percent [+]
Government Budget -4.70 -2.78 -3.25 -3.72 -3.54 -3.23 percent of GDP [+]
Military Expenditure 3186.90 3269 3257 3246 3251 3266 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease Of Doing Business 170.00 173 173 173 173 173 [+]
Competitiveness Index 3.32 3.24 3.24 3.23 3.24 3.25 Points [+]
Competitiveness Rank 131.00 135 135 135 135 135 [+]
Corruption Index 28.00 26 27 28 28 28 Points [+]
Corruption Rank 136.00 137 137 136 135 140 [+]
Manufacturing Pmi 53.10 52.39 53.1 52.39 53.1 52.39 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Income Tax Rate 25.00 22.5 23.75 25 25 25 percent [+]
Sales Tax Rate 30.00 30 30 30 30 30 percent [+]
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]