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 1600.00
1548 1555 1563 1570 1601
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 5.90
percent
6 6 6.4 6.4 6.8
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 4800 4800 5100
Population 53.37
Million
53.8 53.8 54.3 54.3 54.9
Labor Force Participation Rate 64.71
percent
65 65 67 67 64
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 7.57
percent
6.1 6.3 6 5.8 4.2
Food Inflation 7.60
percent
5.9 5.7 5.1 5.3 5.3
Consumer Price Index Cpi 142.91
Index Points
143 147 147 149 162
Cpi Housing Utilities 147.19
Index Points
146 152 154 155 168
Cpi Transportation 109.71
Index Points
106 109 110 115 120
Inflation Rate Mom 1.26
percent
0.7 0.4 0.3 0.5 0.3
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 -309.90
USD Million
-393 -271 -510 -413 -170
Exports 1282.20
USD Million
1138 1152 980 1184 1450
Imports 1592.10
USD Million
1531 1423 1490 1597 1620
Current Account -1818.00
USD Million
-2100 -2100 -2300 -2300 -2450
Current Account to GDP -6.50
percent
-5.7 -5.7 -6.2 -6.2 -5.5
Foreign Direct Investment 267.15
USD Million
290 340 382 410 450
Tourist Arrivals 316677.00
293300 298900 301100 299900 299400
Gold Reserves 7.30
Tonnes
7.3 7.3 7.3 7.3 7.3
Crude Oil Production 11.00
BBL/D/1K
11 11 10 10 10
Terrorism Index 4.96
4.59 4.59 4.37 4.37 4.13
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 36.75
percent
37.7 37.7 38.3 38.3 36
Government Budget -4.40
percent of GDP
-4.7 -4.7 -4.9 -4.9 -5.2
Military Expenditure 2604.10
USD Million
2300 2300 2150 2150 2000
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 46.40
48.9 51.9 51.1 50.4 50.78
Ease Of Doing Business 171.00
173 173 175 175 174
Competitiveness Index 3.32
Points
3.34 3.34 3.35 3.35 3.33
Competitiveness Rank 131.00
135 135 135 135 135
Corruption Index 30.00
Points
31 31 33 33 30
Corruption Rank 130.00
128 128 125 125 123
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