Economic Growth in Myanmar
The economy of Myanmar recorded an average growth rate of 3.7% in the decade to 2022, below the 4.4% average for the Asia-Pacific region. In 2022, real GDP growth was 3.0%. For more GDP information, visit our dedicated page.
Myanmar GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Myanmar from 2013 to 2023.
Source: Macrobond.
Myanmar GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 4.9 | -1.4 | 2.3 | 3.5 | 2.6 |
| GDP (USD bn) | 75.1 | 79.0 | 66.3 | 62.3 | 66.8 |
| GDP (MMK bn) | 112,633 | 107,916 | 113,480 | 125,339 | 140,191 |
| Economic Growth (Nominal GDP, ann. var. %) | 12.4 | -4.2 | 5.2 | 10.5 | 11.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Burmese GDP projections for the next ten years from a panel of 7 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. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Burmese GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Burmese GDP projections.
Want to get access to the full dataset of Burmese GDP forecasts? Send an email to info@focus-economics.com.