Myanmar recorded a Current Account deficit of 4 percent of the country's Gross Domestic Product in 2020. source: Ministry of National Planning and Economic Development, Myanmar

Current Account to GDP in Myanmar averaged -2.23 percent of GDP from 1998 until 2020, reaching an all time high of 6.80 percent of GDP in 2006 and a record low of -14.80 percent of GDP 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 July of 2021.

Current Account to GDP in Myanmar is expected to reach -4.50 percent of GDP by the end of 2021, 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 of GDP in 2022, according to our econometric models.

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Myanmar Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-4.00 0.40 6.80 -14.80 1998 - 2020 percent of GDP Yearly

Myanmar Trade Last Previous Highest Lowest Unit
Balance of Trade 80.30 188.40 593.30 -942.70 USD Million [+]
Current Account 285.20 -3592.00 1963.00 -3592.00 USD Million [+]
Current Account to GDP -4.00 0.40 6.80 -14.80 percent of GDP [+]
Imports 1122.90 772.50 2053.40 334.20 USD Million [+]
Exports 1203.20 960.90 1799.10 502.60 USD Million [+]
Foreign Direct Investment 584.02 323.76 3821.91 3.14 USD Million [+]
Tourist Arrivals 13942.00 11852.00 450541.00 6311.00 [+]
Terrorism Index 5.54 5.51 5.92 3.45 [+]
Crude Oil Production 8.00 8.00 23.00 8.00 BBL/D/1K [+]
Gold Reserves 7.27 7.27 7.27 7.20 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.