Myanmar - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Myanmar including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Myanmar economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1446.00
1430 1451 1471 1492 1580
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 5.90
percent
6.55 7.5 6.67 6.85 7.8
GDP 69.32
USD Billion
74 74 79.4 79.4 80
GDP per capita 1484.20
USD
1535 1535 1700 1700 1754
GDP per capita PPP 5591.60
USD
5717 5717 6066 6066 6413
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 0.80
percent
0.8 0.8 0.8 0.8 0.8
Minimum Wages 4800.00
MMK/day
4800 4800 5100 4800 5100
Population 53.37
Million
53.72 53.83 53.94 54.06 55.13
Labor Force Participation Rate 64.71
percent
64.05 63.33 63.35 63.37 63.41
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 5.90
percent
6.2 6.5 6 5.8 4.2
Food Inflation 5.20
percent
5.16 5.07 5.07 5.08 5.08
Consumer Price Index Cpi 140.24
Index Points
143 147 147 148 162
Cpi Housing Utilities 146.65
Index Points
146 152 154 155 167
Cpi Transportation 107.04
Index Points
106 109 110 113 120
Inflation Rate Mom 0.30
percent
0.69 0.4 0.61 0.63 0.51
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 10.00
percent
10 10 10 10 10
Deposit Interest Rate 8.00
percent
8 8 8 8 8
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -317.00
USD Million
-376 -372 -372 -373 -373
Exports 1240.60
USD Million
1139 1143 1142 1141 1141
Imports 1557.60
USD Million
1514 1514 1514 1514 1514
Current Account -1818.00
USD Million
-2162 -2278 -2368 -2458 -2607
Current Account to GDP -6.50
percent
-5.7 -5.7 -5.1 -5.1 -4.7
Foreign Direct Investment 234.97
USD Million
682 682 682 682 682
Tourist Arrivals 316267.00
293300 298900 301100 299900 299400
Gold Reserves 7.30
Tonnes
7.3 7.29 7.3 7.3 7.3
Crude Oil Production 11.00
BBL/D/1K
11.79 12.02 12.13 12.19 12.25
Terrorism Index 4.96
4.44 4.51 4.49 4.48 4.52
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 36.75
percent
40 40 38 38 36
Government Budget -4.40
percent of GDP
-4.07 -4.13 -3.98 -3.83 -3.3
Military Expenditure 2604.10
USD Million
2505 2327 2337 2348 2364
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 4358.29
KBps
4503 4500 4508 4507 4512
IP Addresses 4755.00
IP
4557 4563 4517 4545 4568
Manufacturing Pmi 50.00
48.91 51.99 51.18 50.42 50.9
Ease Of Doing Business 171.00
171 171 171 171 171
Competitiveness Index 3.32
Points
3.24 3.23 3.24 3.24 3.25
Competitiveness Rank 131.00
135 135 135 135 135
Corruption Index 30.00
Points
29 29 29 29 26
Corruption Rank 130.00
128 126 125 124 129
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Personal Income Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 5.00
percent
5 5 5 5 6
Corporate Tax Rate 25.00
percent
25 25 25 25 25
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 18.73
mm
340 80.24 14.79 136 164
Temperature 19.32
celsius
24.96 21.4 20.17 23.2 23.49