Myanmar GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Myanmar is expected to reach 6.30 percent in 2012 from the previous year. GDP Annual Growth Rate in Myanmar is reported by the Central Statistics Organization, Myanmar. From 1994 until 2012, Myanmar GDP Annual Growth Rate averaged 9.7 Percent reaching an all time high of 13.8 Percent in December of 2003 and a record low of 5.3 Percent in December of 2010. Myanmar, formerly known as Burma, is the poorest country in Southeast Asia. Myanmar was under a military regime for decades, yet since 2011, a transition to democracy has been taking place. The new, civilian led, reformist government has taken charge and the country has began to open up to foreign direct investment. Myanmar’s economy is pretty diversified. The most important sector of the economy is services, which has been growing steadily in the last few years, and now account for over 38 percent of GDP. The share of agriculture has been declining, and now represents 36 percent of GDP. Finally, industry contributes the remaining 26 percent of GDP. This page provides - Myanmar GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.30 5.50 13.84 5.30 7.34 | 2014/06 1994 - 2012 Percent Yearly

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Myanmar GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 53.14 2012-12-31 51.44 53.14 6.46 57.94 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 6.30 2012-12-31 5.50 13.84 5.30 7.34 2014-06-30 Percent [+]
GDP per capita 824.19 2011-12-31 741.67 824.19 129.19 1126.27 2014-06-30 USD [+]
GDP per capita PPP 1324.61 2011-12-31 1254.53 1324.61 365.08 1499.38 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Myanmar Exports at 680.40 USD Million  
Exports in Myanmar decreased to 680.40 USD Million in January of 2014 from 1757.60 USD Million in December of 2013. Exports in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Balance of Trade at -816.60 USD Million  
Myanmar recorded a trade deficit of 816.60 USD Million in January of 2014. Balance of Trade in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Imports at 1497.00 USD Million  
Imports in Myanmar increased to 1497 USD Million in January of 2014 from 1351 USD Million in December of 2013. Imports in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Inflation Rate at 4.90 Percent  
The inflation rate in Myanmar was recorded at 4.90 percent in January of 2014. Inflation Rate in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Interest Rate at 10.00 Percent  
The benchmark interest rate in Myanmar was last recorded at 10 percent. Interest Rate in Myanmar is reported by the Central Bank of Myanmar.
Myanmar Personal Income Tax Rate at 20.00 percent  
The Personal Income Tax Rate in Myanmar stands at 20 percent. Personal Income Tax Rate in Myanmar is reported by the Internal Revenue Department.
Myanmar Sales Tax Rate | VAT at 30.00 Percent  
The Sales Tax Rate in Myanmar stands at 30 percent. Sales Tax Rate in Myanmar is reported by the Internal Revenue Department.
Myanmar Government Debt To GDP at 53.53 Percent  
Myanmar recorded a Government Debt to GDP of 53.53 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Myanmar is reported by the Central Statistics Organization, Myanmar.
Myanmar Current Account at -1249.00 USD Million  
Myanmar recorded a Current Account deficit of 1249 USD Million in 2012. Current Account in Myanmar is reported by the Ministry of National Planning and Economic Development, Myanmar.
Myanmar Tourist Arrivals at 206567.00  
Tourist Arrivals in Myanmar increased to 206567 in November of 2013 from 174885 in October of 2013. Tourist Arrivals in Myanmar is reported by the Ministry of National Planning and Economic Development, Myanmar.
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