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