Myanmar Economy

Economic growth

The economy recorded average annual growth of 4.0% in the decade to 2022. To read more about GDP growth in Myanmar, go to our dedicated page.

Fiscal policy

Myanmar's fiscal deficit averaged 4.0% of GDP in the decade to 2022. Find out more on our dedicated page.

Unemployment

The unemployment rate averaged 0.9% in the decade to 2020. For more information on Myanmar's unemployment click here.

Inflation

Inflation averaged 5.8% in the decade to 2021. Go to our Myanmar inflation page for extra insight.

Monetary Policy

Myanmar's monetary policy rate ended 2022 at 7.00%, down from 10.00% a decade earlier. See our Myanmar monetary policy page for additional details.

Exchange Rate

From end-2012 to end-2022 the kyat weakened by 59.1% vs the U.S. dollar. For more info on the kyat, click here.

The economy has likely lost momentum so far in FY 2024 (April 2024–March 2025). The ongoing civil war has led to supply chain shocks, food and electricity shortages plus labor market disruptions. The manufacturing PMI averaged in contractionary territory in April–October—below FY 2023’s level—signaling sustained malaise in the sector. In addition, Typhoon Yagi caused widespread infrastructure damage in September, hitting nearly a million people. On a more positive note, goods exports fell at a softer annual clip in April–July compared with FY 2023. Meanwhile, foreign forces have recently taken action in response to the civil conflict. China closed its border with the country, which is largely controlled by rebel forces, in a bid to deprive them of key Chinese goods. On the flipside, Canada, the EU and the UK imposed new sanctions targeting the junta’s access to military equipment.

Projections out to 2034.

34 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 9 expert analysts.

Want to get insight on the economic outlook for Myanmar in the coming years? FocusEconomics collects projections out to 2034 on 34 economic indicators for Myanmar from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Myanmar economy. To download a sample report on the Myanmar's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.