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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1598.00
1540 1549 1559 1569 1609
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 5.90
percent
6 6.4 6.4 6.4 6.8
GDP 69.32
USD Billion
74 79.4 79.4 79.4 80
GDP per capita 1484.20
USD
1535 1700 1700 1700 1754
GDP per capita PPP 5591.60
USD
5717 6066 6066 6066 6413
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 0.80
percent
0.8 0.8 0.8 0.8 0.8
Minimum Wages 4800.00
MMK/day
4800 4800 4800 4800 5100
Population 53.37
Million
53.8 54.3 54.3 54.3 54.9
Labor Force Participation Rate 64.71
percent
65 67 67 67 64
Living Wage Family 405700.00
MMK/Month
405700 405700 405700 405700 405700
Living Wage Individual 193400.00
MMK/Month
193400 193400 193400 193400 193400
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 8.60
percent
6.3 6 5.8 6.3 4.2
Food Inflation 8.60
percent
5.7 5.1 5.3 5.7 5.3
Consumer Price Index Cpi 145.97
Index Points
147 147 149 155 162
Cpi Housing Utilities 150.37
Index Points
152 154 155 160 168
Cpi Transportation 115.19
Index Points
109 110 115 122 120
Inflation Rate Mom 1.25
percent
0.4 0.3 0.5 0.8 0.3
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 10.00
percent
10 10 10 10 10
Deposit Interest Rate 8.00
percent
8 8 8 8 8
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -199.88
USD Million
-271 -510 -413 -325 -170
Exports 1631.15
USD Million
1152 980 1184 1230 1450
Imports 1431.27
USD Million
1423 1490 1597 1555 1620
Current Account -5738.00
USD Million
-2100 -2300 -2300 -2300 -2450
Current Account to GDP -8.60
percent
-5.7 -6.2 -6.2 -6.2 -5.5
Foreign Direct Investment 176.02
USD Million
340 382 410 287 450
Tourist Arrivals 282645.00
281000 278600 276000 276300 276900
Gold Reserves 7.30
Tonnes
7.3 7.3 7.29 7.29 7.29
Crude Oil Production 11.00
BBL/D/1K
11 10 10 10 10
Terrorism Index 4.96
4.59 4.37 4.37 4.37 4.13
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 33.64
percent
34.2 38.3 38.3 38.3 36
Government Budget -4.40
percent of GDP
-4.7 -4.9 -4.9 -4.9 -5.2
Military Expenditure 2604.10
USD Million
2300 2150 2150 2150 2000
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 4358.29
KBps
4500 4508 4507 4510 4512
IP Addresses 4755.00
IP
4563 4517 4545 4569 4568
Manufacturing Pmi 48.00
51.9 51.1 50.4 50.9 50.77
Ease Of Doing Business 171.00
173 175 175 175 174
Competitiveness Index 3.32
Points
3.82 3.82 3.82 3.82 6.32
Competitiveness Rank 131.00
131 131 131 131 131
Corruption Index 30.00
Points
30 30 30 30 30
Corruption Rank 130.00
130 130 130 130 130
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 18.73
mm
80.24 14.79 136 131 164
Temperature 19.32
celsius
21.4 20.17 23.2 23.21 23.49



Myanmar - Economic Forecasts - 2018-2020 Outlook