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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1328.00
1361 1383 1405 1428 1523
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 6.30
percent
7.5 7.5 7.15 7.5 7.8
GDP 67.40
USD Billion
62.6 64.5 66.4 68.3 58.3
GDP per capita 1420.50
USD
1441 1459 1476 1494 1762
GDP per capita PPP 5351.60
USD
5427 5493 5559 5625 6589
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 4.10
percent
4 4 4.1 4 4.2
Minimum Wages 4800.00
MMK/day
4800 4800 4800 4800 5300
Population 52.89
Million
52.5 52.62 52.75 52.87 52.8
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 4.46
percent
6.3 6 6.3 6.5 4.2
Food Inflation 3.99
percent
4.86 5.68 6.37 6.93 8.91
Consumer Price Index Cpi 138.29
Index Points
139 139 138 138 131
Cpi Transportation 102.66
103 102 101 99.68 97.57
Cpi Housing Utilities 143.12
148 150 151 151 144
Inflation Rate Mom 0.58
percent
0.03 0.28 0.55 0.47 0.45
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 10.00
percent
10 10 10 10 10
Deposit Interest Rate 8.00
percent
7.91 7.91 7.91 7.91 7.5
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -253.70
USD Million
-211 -206 -204 -203 -203
Exports 862.80
USD Million
894 894 894 894 894
Imports 1116.50
USD Million
1336 1300 1268 1242 1112
Current Account -1818.00
USD Million
-1581 -1649 -1717 -1785 -404
Current Account to GDP -6.50
percent
-5.7 -5.7 -5.46 -5.7 -4.7
Foreign Direct Investment 656.28
USD Million
631 631 631 631 631
Tourist Arrivals 285262.00
253900 255600 256600 257000 256900
Terrorism Index 4.96
4.27 4.31 4.34 4.38 4.28
Crude Oil Production 15.00
BBL/D/1K
14.98 14.97 14.97 14.96 14.93
Gold Reserves 7.27
Tonnes
7.26 7.26 7.26 7.26 7.25
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 35.79
percent
40 40 40.05 40 36
Government Budget -4.60
percent of GDP
-4.81 -4.59 -4.36 -4.14 -3.27
Military Expenditure 3755.80
USD Million
3588 3762 3936 4110 4878
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 4358.29
KBps
3871 3771 3656 3563 2843
IP Addresses 4755.00
IP
4565 4517 4501 4406 3723
Manufacturing Pmi 51.70
50.63 49.96 50.71 50.76 50.52
Ease Of Doing Business 171.00
172 172 172 172 172
Competitiveness Index 3.32
Points
3.25 3.24 3.24 3.23 3.25
Competitiveness Rank 131.00
135 135 135 135 135
Corruption Index 28.00
Points
24 25 25 26 22
Corruption Rank 136.00
138 137 137 136 145
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Personal Income Tax Rate 25.00
percent
24 24 24 24 23
Sales Tax Rate 5.00
percent
12 12 12 12 18
Corporate Tax Rate 25.00
percent
25 25 25 25 25
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 18.73
mm
14.76 207 340 80.24 164
Temperature 19.32
celsius
20.13 25.42 24.96 21.4 23.49