Myanmar recorded a Current Account deficit of 2 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Myanmar averaged -2.10 percent from 1998 until 2019, reaching an all time high of 6.80 percent in 2006 and a record low of -14.80 percent in 1998. This page provides - Myanmar Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Myanmar Current Account to GDP - values, historical data and charts - was last updated on June of 2020.

Current Account to GDP in Myanmar is expected to reach -5.10 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Myanmar Current Account to GDP is projected to trend around -4.50 percent in 2021, according to our econometric models.

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Myanmar Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -2.00 6.80 -14.80 1998 - 2019 percent Yearly

Myanmar Trade Last Previous Highest Lowest Unit
Balance of Trade 233.50 -0.80 593.30 -948.50 USD Million [+]
Current Account -3592.00 -3104.50 1963.00 -3592.00 USD Million [+]
Current Account to GDP -2.00 -2.00 6.80 -14.80 percent [+]
Imports 1565.60 1532.00 1972.90 334.20 USD Million [+]
Exports 1799.10 1531.20 1799.10 502.60 USD Million [+]
Foreign Direct Investment 734.89 292.13 3821.91 3.14 USD Million [+]
Tourist Arrivals 339911.00 365789.00 450541.00 125085.00 [+]
Terrorism Index 5.51 5.92 5.92 3.45 [+]
Crude Oil Production 10.00 10.00 23.00 8.00 BBL/D/1K [+]
Gold Reserves 7.30 7.27 7.30 7.18 Tonnes [+]


Myanmar Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.