The Gross Domestic Product (GDP) in Myanmar is projected to contract 18 percent in 2021. source: Central Bank of Myanmar

GDP Annual Growth Rate in Myanmar averaged 7.62 percent from 1994 until 2021, reaching an all time high of 13.84 percent in 2003 and a record low of -18 percent in 2021. This page provides - Myanmar GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Myanmar GDP Annual Growth Rate - values, historical data and charts - was last updated on December of 2022.

GDP Annual Growth Rate in Myanmar is expected to reach 2.00 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Myanmar GDP Annual Growth Rate is projected to trend around 3.00 percent in 2023 and 4.00 percent in 2024, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Myanmar GDP Annual Growth Rate

Related Last Previous Unit Reference
GDP Annual Growth Rate -18.00 3.20 percent Dec 2021

Myanmar GDP Annual Growth Rate
Myanmar, formerly known as Burma, is the poorest country in Southeast Asia. Myanmar was under a military regime for decades, yet since 2011, a transition to democracy has been taking place. The new, civilian led, reformist government has taken charge and the country has began to open up to foreign direct investment. Myanmar’s economy is pretty diversified. The most important sector of the economy is services, which has been growing steadily in the last few years, and now account for over 38 percent of GDP. The share of agriculture has been declining, and now represents 36 percent of GDP. Finally, industry contributes the remaining 26 percent of GDP.
Actual Previous Highest Lowest Dates Unit Frequency
-18.00 3.20 13.84 -18.00 1994 - 2021 percent Yearly