Economy of Burma (Myanmar)
Population: 53.71 M (2018)
GDP per Capita: 1,326 USD (2018)
71,210 M.

GDP USD

(2018)

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13,320 M.

EXPORTS USD

(2017)

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18,670 M.

IMPORTS USD

(2017)

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38.40 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 6.20 % (2018)
GDP of 2010 USD USD 84.40 B. (2018)
GDP Current USD USD 71.21 B. (2018)
GDP per Capita Current USD USD 1,326 (2018)
GDP per capita, PPP USD 5,922 (2018)
GDP per Capita, 2010 USD USD 1,572 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 18.95 % (2016)
Government Spending USD 11.99 B. (2016)
Government Debt % GDP 38.40 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 99.55 (2018)
Trade Openness 47.95 % (2017)
Exports of Goods and Services % GDP 19.96 % (2017)
Exports Goods & Services USD 13.32 B. (2017)
Exports Annual Growth 18.98 % (2017)
Imports as % GDP 27.99 % (2017)
Total Imports USD 18.67 B. (2017)
Foreign Direct Investment % GDP 1.81 % (2018)
Foreign Direct Investment USD 1.29 B. (2018)
Current Account Balance % GDP USD -3.00 % (2018)
Current Account Balance USD -2.14 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -3.10 B. (2018)
Foreign Exchange Reserves incl Gold USD 5.65 B. (2018)
Remittances % GDP 3.99 % (2018)
Remittances USD 1,925 M. (2018)
Balance of Payments USD 226 M. (2018)

Labor Market

Indicator Value
Labor Force 24.74 M. (2019)
Unemployment Rate 1.58 % (2019)
Unemployment Rate Females 2.07 % (2019)
Unemployment Rate Males 1.24 % (2019)
Youth Unemployment (ages 15-24) 3.87 % (2019)
Labor Force Participation Rate 61.80 % (2019)
Labor Force (Percent Female) 40.48 % (2019)
Female Labor Force Participation Rate 47.55 % (2019)
Male Labor Force Participation Rate 77.04 % (2019)
Dependent People 47.40 % (2018)

Agriculture Sector

Indicator Value
Forest Area 43.60 % (2016)
Forest Area km² 284,946 km² (2016)
Agricultural Land 19.54 % (2016)
Agricultural Land km² 127,600 km² (2016)
Employment 49.69 % (2019)
Value added % GDP 24.56 % (2018)
Agriculture Value added USD 17.49 B. (2018)
Crop Production Index 124.30 (2016)
Precipitation 2,091 mm (2014)
Arable Land 17 % (2016)
Cereal Yield 3,614 kg/hectare (2017)
Food production index 136 (2016)
Rural Population 69 % (2018)
Fertilizer use of Arable Land 18 kg/hectare (2016)
Livestock Production Index 208 (2016)
Economy of Burma (Myanmar)

According to the World Bank and its latest published data, the economy of the Burma (Myanmar) presents a growth rate of 6.20 % (2018) to the previous year.

With a population that reaches 53.71 M (2018) and a gross domestic product of USD 71.21 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,326 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Burma (Myanmar) also has a workforce of 24.74 M. (2019) with an unemployment rate of 1.58 % (2019), where women represent 2.07 % (2019) and men 1.24 % (2019), the unemployment rate for young people between 15-24 years old stood at 3.87 % (2019). The total number of dependent people stands at 47.40 % (2018).

The central government spent 18.95 % (2016) of its gross domestic product that year, which in absolute terms is USD 11.99 B. (2016). Its consolidated public debt reached 38.40 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Burma (Myanmar) exported USD 13.32 B. (2017), which represents 19.96 % (2017) of its gross domestic product, in that same sense its imports reached USD 18.67 B. (2017) with a direct foreign investment of USD 1.29 B. (2018).

Burma (Myanmar) has a forest area of 284,946 km² (2016), which represents 43.60 % (2016) of its total area, an average rainfall of 2,091 mm (2014) per year and a population of 69 % (2018) living in rural areas. With a total area of 127,600 km² (2016) available for agriculture and 49.69 % (2019) of its employments, the agricultural sector contributes to the economy of the Burma (Myanmar) about USD 17.49 B. (2018) (24.56 % (2018) of its GDP).