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GDP Growth Rate in 2017 was 6.76%, representing a change of 5,032,687,515 US$ over 2016, when Real GDP was $74,463,144,018. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.

© 2020 CEIC Data, an ISI Emerging Markets Group Company. You can change your personal cookie settings through your internet browser settings. CEIC shifts year-end for annual Real GDP.

It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP Per Capita in Myanmar reached 1,249.7 USD in Dec 2017. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Data are in current U.S. dollars. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. CEIC calculates Real GDP Growth from annual Real GDP. Real GDP Growth YoY data in Myanmar is updated yearly, available from Dec 2011 to Dec 2019, with an average rate of 6.8 %. United States: Trade Deficit Widened to Record $84 Billion in August, IMF Global Growth Projections | Cautious Optimism Amidst COVID-19 Upsurge, Knoema Global Economic Outlook | Q2 2020 Explained, Current account balance as a share of GDP.

Economic growth will slow sharply to just over 1% in 2020 but post a strong recovery post-pandemic as the country's low … The most complete set of 5.5 million time series covering more than 200 economies, compiled from 1500 sources worldwide. The Gross Domestic Product (GDP) in Myanmar expanded 6.8 % YoY in Dec 2019, following a growth of 6.4 % in the previous year. GDP per Capita in Myanmar (formerly Burma) (with a population of 53,382,523 people in 2017) was $1,489, an increase of $85 from $1,404 in 2016; this represents a change of 6.1% in GDP …

The 0.5 percentage point decline in the growth rate from the previous year is the biggest since a 1.7 point year-on-year slowdown in 2012. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. All rights reserved. Under the baseline scenario, in which the domestic spread of the coronavirus is brought under control, the global economy swiftly recovers, and Myanmar’s GDP growth rate is projected to bounce back to 7.2 percent in FY2020/21, poverty rates would increase in the short term and will not return to pre-crisis levels FY2021/22. They were placed on your computer when you launched this website. Knoema is the most comprehensive source of global decision-making data in the world. Its GDP deflator (implicit price deflator) increased 6.3 % in Dec 2019. Ongoing conflicts in Rakhine state will hinder efforts to repatriate Rohingya refugees and continue to prompt criticism from Western governments. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete.

Okay to continue Real GDP Growth prior to 2017 is calculated from Real GDP in annual frequency, ending in March of each year. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. Please check your download folder. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Annual percentage growth rate of GDP at market prices based on constant local currency. The description is composed by our digital data assistant.

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

There is no data available for your selected dates. Please check your download folder. The Gross Domestic Product (GDP) in Myanmar expanded 6.8 % YoY in Dec 2019, following a growth of 6.4 % in the previous year. The data reached an all-time high of 8.4 % in Dec 2013 and a record low of 5.6 % in Dec 2011. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Real GDP Growth YoY data in Myanmar is updated yearly, available from Dec 2011 to Dec 2019, with an average rate of 6.8 %. Annual percentage growth rate of GDP at market prices based on constant local currency. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page.

Its Gross Savings Rate was measured at 28.7 % in Mar 2018. Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. Myanmar real GDP growth was at level of 6.5 % in 2019, up from 6.4 % previous year. Unlimited access tailored to your data needs, Instant access to full history data in excel. In comparison, the economy was projected to expand by 7pc in fiscal 2019-20 but due to COVID-19 is now expected to have grown by just 4.3pc instead, according to official data. Central Statistical Organization provides Real GDP in local currency, at 2015-2016 prices in annual frequency, ending in September of each year. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Myanmar economic growth for was $0.00B, a NAN% decline from . Parliament has approved the National Planning Law for fiscal 2020-21, under which the Myanmar economy is forecast to grow at a rate of 6 percent. Forecast: GDP PPP Per Capita (PPP Intl $), Total Trade of Goods & Services: % of Nominal GDP (%), GDP: Services: Wholesale and Retail Trade Value (MMK mn), GDP: Goods: Processing & Manufacturing (MMK mn), GDP: Services: Financial Institutions (MMK mn), GDP: Services: Social & Administrative Services (MMK mn), GDP: Services: Rental & Other Services (MMK mn), GDP: Industry Goods: Construction (MMK mn), GDP: Industry Goods: Electric Power (MMK mn), GDP: Industry Goods: Processing & Manufacturing (MMK mn), GDP: Agriculture Goods: Agriculture (MMK mn), GDP: Agriculture Goods: Livestock & Fishery (MMK mn), GDP: Agriculture Goods: Forestry (MMK mn), Gross Domestic Product (GDP): 2015-16p (MMK mn), MM: GDP: Real: Final Consumption Expenditure (MMK mn), MM: GDP: Real: Final Consumption Expenditure: Household (MMK mn), MM: GDP: Real: Final Consumption Expenditure: General Government (MMK mn), MM: GDP: Real: Gross Fixed Capital Formation (MMK mn), MM: GDP: Real: Exports of Goods and Services (MMK mn), MM: GDP: Real: Imports of Goods and Services (MMK mn), Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (MMK bn), Budget: TR: Tax on Income and Profit (MMK mn), Budget: Net Capital Expenditure (NEX) (MMK mn), State Govt Budget: Surplus of Deficit (MMK mn), State Govt Revenue: Tax: Goods & Services and Commercial (MMK mn), Motor Vehicle Sales: Commercial Cars (Unit), Motor Vehicle Sales: Passenger Cars (Unit), Household Expenditure: Monthly Average (MA) (MMK), CPI: Food and Non Alcoholic Beverage Change (%), Forecast: Consumer Price Index Growth (%), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Imports: Edible Vegetable Oil & Other Hydrogenated Oils (USD mn), Imports: Machinery Non-Electric & Transport Equipment (USD mn), Imports: Fabric of Artificial & Synthetics Fabric (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), Balance of Payment(BoP): Current Account (CA) (USD mn), BoP: CA: Secondary Income: Receipts (USD mn), BoP: CA: Secondary Income: Payments (USD mn), BoP: CA: Primary Income: Receipts (USD mn), BoP: CA: Primary Income: Payments (USD mn), BoP: Financial Account: Liabilities (USD mn), Foreign Exchange Reserves: Months of Import (NA), Policy Rate: Month End: Central Bank Rate (% pa), Saving Deposit Rate: Basic Rate: Min (% pa), Forex: Reference Rate: US Dollar: Average Period (MMK/USD), Forex: Official Rate: Reference Rate: US Dollar (MMK/USD), Natural Gas Production: OPEC: Marketed Production (Cub m mn), Visitor Arrival: RGN & MDL: TV: Japan (Person), Visitor Arrival: RGN & MDL: TV: Korea (Person), Visitor Arrival: RGN & MDL: TV: Malaysia (Person), Visitor Arrival: RGN & MDL: TV: Thailand (Person), Stock Price Index: Yangon Stock Exchange: Composite (25Mar2016=1000), Market Capitalization: End of Period (MMK mn), Number of Listed Company: End of period (Number), Liner Shipping Connectivity Index (2004=100), Exports: Telecommunication Equipment (USD th), Imports: Telecommunication Equipment (USD th), Motor Vehicle Registered: Motorcycles (Unit), Gross Domestic Product: Annual Growth Rate, Gross Domestic Product: by Expenditure: Annual, Gross Domestic Product: Deflator and Volume Index: Annual, Gross Domestic Product: Purchasing Power Parity, SNA 1968: Gross Domestic Product: Current Price, SNA 1968: Gross Domestic Product: Current Price (Annual).

For the 2018 estimate, GDP per capita in Myanmar will be $6,509 in PPP per capita and $1,490 in nominal per capita

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The data reached an all-time high of 8.4 % in Dec 2013 and a record low of 5.6 % in Dec 2011. Myanmar real GDP growth was at level of 6.5 % in 2019, up from 6.4 % previous year. World and regional statistics, national data, maps and rankings, Latest releases of new datasets and data updates from different sources around the world. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Our website uses cookies to improve your online experience. Current Myanmar GDP Growth Rate is 5.87%.

Myanmar GDP Growth Rate chart, historic, and current data. The economy of Myanmar (also known as Burma) is an emerging economy with a nominal GDP of $69.322 billion in 2017 and an estimated purchasing power adjusted GDP of $327.629 billion in 2017 according to World Bank.

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