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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1350.00
1349 1370 1391 1413 1502
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 5.90
percent
7.5 7.05 7.5 6.97 7.8
GDP 67.40
USD Billion
66.9 69.35 71.8 76.1 75.6
GDP per capita 1420.50
USD
1459 1635 1494 1700 1762
GDP per capita PPP 5351.60
USD
5493 5559 5625 6372 6589
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 4.10
percent
4 4.1 4 4.1 4.2
Minimum Wages 4800.00
MMK/day
4800 4800 4800 5100 5100
Population 52.89
Million
53.13 53.26 53.38 53.51 55.36
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 5.42
percent
6 6.2 6.5 6 4.2
Food Inflation 3.99
percent
3.41 3.36 3.34 3.33 3.33
Consumer Price Index Cpi 139.11
Index Points
141 140 147 149 162
Cpi Housing Utilities 145.52
Index Points
144 144 152 153 167
Cpi Transportation 103.63
Index Points
103 104 109 112 120
Inflation Rate Mom -0.29
percent
0.52 0.7 0.37 0.51 0.47
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 10.00
percent
10 10 10 10 10
Deposit Interest Rate 8.00
percent
8 7.78 7.56 7.63 7.72
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 266.00
USD Million
-254 -254 -254 -254 -254
Exports 1757.30
USD Million
863 863 863 863 863
Imports 1491.30
USD Million
1116 1116 1116 1116 1116
Current Account -1818.00
USD Million
-2046 -2162 -2278 -2368 -2607
Current Account to GDP -6.50
percent
-5.7 -5.7 -5.7 -5.1 -4.7
Foreign Direct Investment 440.57
USD Million
656 656 656 656 656
Tourist Arrivals 242916.00
285300 285300 285300 285300 285300
Gold Reserves 7.30
Tonnes
7.27 7.27 7.27 7.27 7.27
Crude Oil Production 11.00
BBL/D/1K
15.9 15.86 15.82 15.78 15.47
Terrorism Index 4.96
4.36 4.44 4.51 4.49 4.52
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 36.75
percent
40 40 40 38 36
Government Budget -4.40
percent of GDP
-4.08 -4.13 -4.18 -4.01 -3.27
Military Expenditure 2604.10
USD Million
3736 3882 4028 4093 5225
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 4358.29
KBps
3771 3656 3563 3471 2843
IP Addresses 4755.00
IP
4456 4557 4563 4517 4568
Manufacturing Pmi 55.50
53.61 53.7 53.62 53.68 53.65
Ease Of Doing Business 171.00
171 171 171 171 171
Competitiveness Index 3.32
Points
3.24 3.24 3.23 3.24 3.25
Competitiveness Rank 131.00
135 135 135 135 135
Corruption Index 30.00
Points
30 30 30 30 30
Corruption Rank 130.00
130 130 130 130 130
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 18.73
mm
207 340 80.24 14.79 164
Temperature 19.32
celsius
25.42 24.96 21.4 20.17 23.49