Myanmar | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 1359.00 1334 1320 1307 1293 1145 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 6.30 7.1 7.1 7.5 7.5 7.8 percent [+]
GDP 67.40 69.33 71.76 71.57 71.37 76.12 USD Billion [+]
GDP per capita 1420.50 1480 1500 1519 1537 1721 USD [+]
GDP per capita PPP 5351.60 5566 5635 5705 5774 6453 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 4.10 4 4 4 4 4.2 percent [+]
Minimum Wages 3600.00 3600 3600 3600 3600 3600 MMK/ 8-hour [+]
Population 52.89 53.26 53.38 53.51 53.63 54.88 Million [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 6.26 6.8 6.1 6.3 6 4.2 percent [+]
Food Inflation 6.60 -0.43 -0.43 -0.44 -0.44 -0.44 percent [+]
Consumer Price Index Cpi 225.64 226 226 226 226 226 Index Points [+]
Inflation Rate Mom 0.42 0.8 0.78 0.77 0.78 0.78 percent [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 10.00 10 10 10 10 10 percent [+]
Deposit Interest Rate 8.00 7.95 7.85 7.86 7.86 7.87 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -310.10 -357 -356 -355 -355 -355 USD Million [+]
Exports 766.40 992 992 991 991 991 USD Million [+]
Imports 1076.50 1339 1339 1339 1339 1339 USD Million [+]
Current Account -1818.00 -2564 -2496 -2486 -2476 -3065 USD Million [+]
Current Account to GDP -6.50 -6.1 -6.1 -5.7 -5.7 -4.7 percent [+]
Foreign Direct Investment 31.36 777 776 776 776 776 USD Million [+]
Tourist Arrivals 268468.00 335979 346183 346245 341437 342806 [+]
Terrorism Index 4.17 4.3 4.27 4.29 4.32 4.43 [+]
Crude Oil Production 15.00 15.05 15.06 15.07 15.08 15.08 BBL/D/1K [+]
Gold Reserves 7.27 7.27 7.27 7.27 7.27 7.27 Tonnes [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 35.79 37 37 40 40 36 percent [+]
Government Budget -4.60 -3.62 -3.21 -3.1 -2.99 -2.03 percent of GDP [+]
Military Expenditure 3755.80 3883 4028 4093 4159 5016 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Ease Of Doing Business 170.00 173 173 173 173 173 [+]
Competitiveness Index 3.32 3.24 3.23 3.24 3.24 3.25 Points [+]
Competitiveness Rank 131.00 135 135 135 135 135 [+]
Corruption Index 28.00 27 28 28 28 28 Points [+]
Corruption Rank 136.00 137 136 135 135 140 [+]
Manufacturing Pmi 49.30 49.99 51.12 50.35 50.23 50.45 [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Personal Income Tax Rate 25.00 23.75 25 25 25 25 percent [+]
Sales Tax Rate 30.00 30 30 30 30 30 percent [+]
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]