Myanmar Real GDP Growth

2011 - 2023 | Yearly | % | CEIC Data

Key information about Myanmar Real GDP Growth

  • The Gross Domestic Product (GDP) in Myanmar expanded 3.3 % YoY in Dec 2023, following a growth of 3.5 % in the previous year.
  • Real GDP Growth YoY data in Myanmar is updated yearly, available from Dec 2011 to Dec 2023, with an average rate of 5.9 %.
  • The data reached an all-time high of 8.4 % in Dec 2013 and a record low of -2.9 % in Dec 2021.
CEIC calculates annual Real GDP Growth from quarterly Real GDP. The Central Bank of Myanmar provides Real GDP in local currency, at 2015-2016 prices. Real GDP Growth prior to 2017 is calculated from Real GDP reported in annual frequency, ending in March of each year. Real GDP Growth prior to 2019 is calculated from Real GDP reported in annual frequency, ending in September of each year.
  • Its GDP deflator (implicit price deflator) increased 2.9 % in Dec 2021.
  • GDP Per Capita in Myanmar reached 1,318.6 USD in Dec 2021.
  • Its Gross Savings Rate was measured at 28.7 % in Mar 2018.
  • For Nominal GDP contributions, Investment accounted for 34.1 % in Mar 2018.
  • View Myanmar's Real GDP Growth from 2011 to 2023 in the chart:

    Myanmar Real GDP Growth

    What was Myanmar's Real GDP Growth in 2023?

    The Gross Domestic Product (GDP) in Myanmar expanded 3.3 % YoY in Dec 2023, following a growth of 3.5 % in the previous year. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    3.3 2023 3.5 2022 -2.9 2021 8.4 2013 % yearly 2011 - 2023

    Real GDP Growth by Country Comparison

    country/region Last Frequency Range
    Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
    Algeria (%) 3.6 Jun 2024 quarterly Mar 2000 - Jun 2024
    Argentina (%) 1.2 Mar 2023 quarterly Mar 2005 - Mar 2023
    Armenia (%) 12.1 Mar 2023 quarterly Mar 2001 - Mar 2023
    Australia (%) 2.7 Dec 2022 quarterly Sep 1960 - Dec 2022
    Austria (%) 1.8 Mar 2023 quarterly Mar 1989 - Mar 2023
    Azerbaijan (%) 4.6 Jun 2024 quarterly Mar 2001 - Jun 2024
    Bahrain (%) 1.3 Jun 2024 quarterly Mar 2009 - Jun 2024
    Bangladesh (%) 7.1 2022 yearly 2007 - 2022
    Belarus (%) -2.0 Mar 2023 quarterly Mar 2006 - Mar 2023
    Belgium (%) 1.9 Sep 2022 quarterly Mar 1996 - Sep 2022
    Bolivia (%) 4.3 Jun 2022 quarterly Mar 1991 - Jun 2022
    Bosnia and Herzegovina (%) 2.6 Sep 2022 quarterly Mar 2009 - Sep 2022
    Botswana (%) 6.3 Sep 2022 quarterly Mar 1995 - Sep 2022
    Brazil (%) 3.4 Mar 2023 quarterly Mar 1997 - Mar 2023
    Brunei (%) 0.9 Sep 2022 quarterly Mar 2005 - Sep 2022
    Bulgaria (%) 2.3 Dec 2022 quarterly Mar 1996 - Dec 2022
    Cambodia (%) 5.3 2022 yearly 1994 - 2022
    Canada (%) 2.1 Dec 2022 quarterly Mar 1962 - Dec 2022
    Chile (%) -0.1 Sep 2022 quarterly Mar 1987 - Sep 2022
    China (%) 4.5 Mar 2023 quarterly Mar 1992 - Mar 2023
    Colombia (%) 2.9 Dec 2022 quarterly Mar 2001 - Dec 2022
    Croatia (%) 4.0 Dec 2022 quarterly Mar 1996 - Dec 2022
    Cyprus (%) 3.4 Mar 2023 quarterly Mar 1996 - Mar 2023
    Czech Republic (%) 0.2 Dec 2022 quarterly Mar 1996 - Dec 2022
    Denmark (%) 1.5 Dec 2022 quarterly Mar 1992 - Dec 2022
    Ecuador (%) 3.2 Sep 2022 quarterly Mar 1994 - Sep 2022
    Egypt (%) 4.4 Sep 2022 quarterly Sep 2002 - Sep 2022
    Estonia (%) -4.4 Dec 2022 quarterly Mar 1996 - Dec 2022
    European Union (%) 1.3 Mar 2023 quarterly Mar 1996 - Mar 2023
    Finland (%) -0.3 Mar 2023 quarterly Mar 1976 - Mar 2023
    France (%) 0.9 Mar 2023 quarterly Mar 1950 - Mar 2023
    Georgia (%) 9.7 Dec 2022 quarterly Mar 1998 - Dec 2022
    Germany (%) -0.5 Mar 2023 quarterly Mar 1992 - Mar 2023
    Ghana (%) 1.6 Jun 2024 quarterly Jun 2006 - Jun 2024
    Greece (%) 5.2 Dec 2022 quarterly Mar 1996 - Dec 2022
    Hong Kong SAR, China (%) 2.8 Mar 2023 quarterly Mar 1991 - Mar 2023
    Hungary (%) 0.8 Dec 2022 quarterly Mar 1996 - Dec 2022
    Iceland (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
    India (%) 4.4 Dec 2022 quarterly Jun 2005 - Dec 2022
    Indonesia (%) 5.0 Dec 2022 quarterly Mar 1994 - Dec 2022
    Iran (%) 5.0 Mar 2022 quarterly Jun 1989 - Mar 2022
    Ireland (%) -0.3 Mar 2023 quarterly Mar 1996 - Mar 2023
    Israel (%) 2.5 Dec 2022 quarterly Mar 1996 - Dec 2022
    Italy (%) 1.4 Dec 2022 quarterly Mar 1982 - Dec 2022
    Ivory Coast (%) 6.8 2022 yearly 1966 - 2022
    Japan (%) 0.4 Dec 2022 quarterly Mar 1956 - Dec 2022
    Jordan (%) 2.8 Mar 2023 quarterly Mar 1993 - Mar 2023
    Kazakhstan (%) 3.4 Mar 2023 quarterly Mar 2006 - Mar 2023
    Kenya (%) 5.2 Sep 2022 quarterly Mar 2010 - Sep 2022
    South Korea (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
    Kosovo (%) 4.3 Jun 2024 quarterly Mar 2011 - Jun 2024
    Kuwait (%) -1.6 Jun 2024 quarterly Jun 2010 - Jun 2024
    Kyrgyzstan (%) 7.0 Dec 2022 quarterly Mar 2007 - Dec 2022
    Laos (%) 3.5 2021 yearly 2003 - 2021
    Latvia (%) 0.4 Mar 2023 quarterly Mar 1996 - Mar 2023
    Lebanon (%) 2.0 2021 yearly 2012 - 2021
    Lithuania (%) -0.4 Dec 2022 quarterly Jun 1995 - Dec 2022
    Luxembourg (%) -2.2 Dec 2022 quarterly Mar 1996 - Dec 2022
    Macau SAR, China (%) -23.4 Dec 2022 quarterly Mar 2002 - Dec 2022
    North Macedonia (%) 0.6 Dec 2022 quarterly Mar 2001 - Dec 2022
    Malawi (%) 4.0 2018 yearly 2003 - 2018
    Malaysia (%) 7.0 Dec 2022 quarterly Mar 2001 - Dec 2022
    Malta (%) 4.6 Mar 2024 quarterly Mar 2001 - Mar 2024
    Mauritius (%) 7.4 Sep 2022 quarterly Mar 2001 - Sep 2022
    Mexico (%) 3.7 Dec 2022 quarterly Mar 1981 - Dec 2022
    Moldova (%) -10.3 Sep 2022 quarterly Mar 1996 - Sep 2022
    Mongolia (%) 7.7 Dec 2022 quarterly Mar 2011 - Dec 2022
    Montenegro (%) 2.7 Jun 2024 quarterly Mar 2011 - Jun 2024
    Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
    Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
    Myanmar (%) 3.3 2023 yearly 2011 - 2023
    Nepal (%) 1.0 Jun 2024 quarterly Dec 2004 - Jun 2024
    Netherlands (%) 2.1 Mar 2023 quarterly Mar 1997 - Mar 2023
    New Zealand (%) 1.8 Mar 2023 quarterly Jun 1983 - Mar 2023
    Nigeria (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023
    Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022
    Oman (%) 3.1 2021 yearly 1999 - 2021
    Pakistan (%) 1.7 2023 yearly 2001 - 2023
    Palestinian Territory (%) 4.8 Jun 2024 quarterly Jun 2000 - Jun 2024
    Panama (%) 9.5 Sep 2022 quarterly Mar 2008 - Sep 2022
    Paraguay (%) 5.2 Mar 2023 quarterly Mar 1995 - Mar 2023
    Peru (%) -0.4 Mar 2023 quarterly Mar 1981 - Mar 2023
    Philippines (%) 7.1 Dec 2022 quarterly Mar 1999 - Dec 2022
    Poland (%) 0.4 Dec 2022 quarterly Mar 1996 - Dec 2022
    Portugal (%) 1.8 Jun 2019 quarterly Mar 1996 - Jun 2019
    Qatar (%) -0.0 Dec 2023 quarterly Mar 2012 - Dec 2023
    Romania (%) 2.9 Mar 2023 quarterly Mar 1996 - Mar 2023
    Russia (%) -2.6 Mar 2023 quarterly Mar 1996 - Mar 2023
    Saudi Arabia (%) -3.7 Dec 2023 quarterly Mar 2011 - Dec 2023
    Serbia (%) 4.5 Sep 2019 quarterly Mar 1997 - Sep 2019
    Singapore (%) 0.4 Mar 2023 quarterly Mar 1976 - Mar 2023
    Slovakia (%) 1.2 Dec 2022 quarterly Mar 1994 - Dec 2022
    Slovenia (%) 0.8 Jun 2024 quarterly Mar 1996 - Jun 2024
    South Africa (%) 1.3 Dec 2022 quarterly Mar 1961 - Dec 2022
    Spain (%) 2.7 Dec 2022 quarterly Mar 1996 - Dec 2022
    Sri Lanka (%) -12.4 Dec 2022 quarterly Mar 2011 - Dec 2022
    Sudan (%) -1.9 2021 yearly 1983 - 2021
    Sweden (%) -0.1 Dec 2022 quarterly Mar 1982 - Dec 2022
    Switzerland (%) 0.7 Mar 2023 quarterly Mar 1966 - Mar 2023

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    Myanmar Key Series

    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -7.6 2021 yearly 1986 - 2021
    Consolidated Fiscal Balance (USD mn) -5,489.382 2021 yearly 1980 - 2021
    Tax Revenue (USD mn) 365.783 Jul 2022 monthly Apr 2012 - Jul 2022
    Tax Revenue: % of GDP (%) 4.4 2021 yearly 2005 - 2021
    Forecast: Government Expenditure (MMK bn) 56,281.157 2029 yearly 1998 - 2029
    Forecast: Government Net Debt (MMK bn) 145,688.721 2029 yearly 1998 - 2029
    Forecast: Government Revenue (MMK bn) 45,040.749 2029 yearly 1998 - 2029
    Budget: Government Deficit/Surplus (MMK mn) -4,482,762.733 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: TR: PPC: Specific Goods Tax (MMK mn) 407,167.571 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: TR: PPC: Excise duty (MMK mn) 425.550 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: TR: Tax on Income and Profit (MMK mn) 1,079,785.434 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: Expense (EX) (MMK mn) 10,387,004.856 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: Net Capital Expenditure (NEX) (MMK mn) 2,852,328.452 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: Total Expenditure (MMK mn) 13,686,235.230 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: Total Revenue (MMK mn) 9,203,472.497 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: Net Borrowing/ Net Lending (MMK mn) -4,302,365.123 Mar 2024 quarterly Dec 2018 - Mar 2024
    Budget: Revenue (MMK mn) 8,936,968.185 Mar 2024 quarterly Dec 2018 - Mar 2024
    State Budget: Expenditure (MMK mn) 25,692,973.000 2021 yearly 2019 - 2021
    State Budget: Surplus of Deficit (MMK mn) -8,181,794.910 2021 yearly 2019 - 2021
    State Budget: Revenue (MMK mn) 17,511,178.090 2021 yearly 2019 - 2021
    State Govt Revenue: Tax: Income (MMK mn) 332,258.000 Jul 2022 monthly Jan 2005 - Jul 2022
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 8.288 2029 yearly 1999 - 2029
    Trade Balance (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
    Total Exports (USD mn) 1,497.8 Jul 2022 monthly Jul 2010 - Jul 2022
    Total Exports Growth (%) 42.9 Jul 2022 monthly Jul 2011 - Jul 2022
    Aluminum: Exports (USD th) 24,865.219 2023 yearly 1995 - 2023
    Exports: Medicament (USD th) 50.074 2022 yearly 1996 - 2022
    Exports: Medicinal and Pharmaceutical Product (USD th) 0.172 2022 yearly 1995 - 2022
    Total Imports (USD mn) 1,313.9 Jul 2022 monthly Jul 2010 - Jul 2022
    Total Imports Growth (%) 38.4 Jul 2022 monthly Jul 2011 - Jul 2022
    Imports: Medicament (USD th) 467,037.680 2022 yearly 1995 - 2022
    Imports: Medicinal and Pharmaceutical Product (USD th) 145,193.038 2022 yearly 1995 - 2022
    Total Exports to USA (USD mn) 68.860 Jul 2022 monthly Aug 2010 - Jul 2022
    Total Imports from USA (USD mn) 7.630 Jul 2022 monthly Jul 2010 - Jul 2022
    Total Exports to China (USD mn) 267.080 Jul 2022 monthly Jul 2010 - Jul 2022
    Total Imports from China (USD mn) 363.850 Jul 2022 monthly Jul 2010 - Jul 2022
    Re Exports (USD mn) 790.600 Jul 2022 monthly Jul 2010 - Jul 2022
    Imports: Plastic (USD mn) 53.200 Jul 2022 monthly Jul 2010 - Jul 2022
    Exports: Matpe (USD mn) 26.100 Jul 2022 monthly Jul 2010 - Jul 2022
    Exports: Teak Log (USD mn) 0.400 Mar 2015 monthly Jan 2011 - Mar 2015
    Exports: Fish & Fish Products (USD mn) 40.500 Jul 2022 monthly Jul 2010 - Jul 2022
    Imports: Machinery Non-Electric & Transport Equipment (USD mn) 68.900 Jul 2022 monthly Jul 2010 - Jul 2022
    Exports: Gas (USD mn) 356.100 Jul 2022 monthly Aug 2010 - Jul 2022
    Exports: Sesamum Seeds (USD mn) 12.900 Jul 2022 monthly Jul 2010 - Jul 2022
    Imports: Fabric of Artificial & Synthetics Fabric (USD mn) 100.700 Jul 2022 monthly Jul 2010 - Jul 2022
    Imports: Refined Mineral Oil (USD mn) 434.400 Jul 2022 monthly Jul 2010 - Jul 2022
    Imports: Edible Vegetable Oil & Other Hydrogenated Oils (USD mn) 70.600 Jul 2022 monthly Jul 2010 - Jul 2022
    Imports: Thailand (USD mn) 165.050 Jul 2022 monthly Jul 2010 - Jul 2022
    Exports: India (USD mn) 42.000 Jul 2022 monthly Jul 2010 - Jul 2022
    Exports: China (USD mn) 267.080 Jul 2022 monthly Jul 2010 - Jul 2022
    Imports: China (USD mn) 363.850 Jul 2022 monthly Jul 2010 - Jul 2022
    Export Volume Index (2015=100) 80.286 2021 yearly 1981 - 2021
    Import Volume Index (2015=100) 65.280 2021 yearly 1981 - 2021
    Export Value Index (2015=100) 132.515 2021 yearly 1980 - 2021
    Import Value Index (2015=100) 84.821 2021 yearly 1980 - 2021
    Balance of Payments Last Frequency Range
    Current Account Balance (USD mn) 295.8 Mar 2024 quarterly Mar 1976 - Mar 2024
    Foreign Direct Investment (USD mn) 347.5 Mar 2024 quarterly Mar 1976 - Mar 2024
    Foreign Direct Investment: % of GDP (%) 0.6 Sep 2021 quarterly Dec 2017 - Sep 2021
    External Debt (USD mn) 12,537.5 2022 yearly 1970 - 2022
    External Debt: % of GDP (%) 16.7 2020 yearly 2018 - 2020
    External Debt: Short Term (USD mn) 31.8 2022 yearly 1973 - 2022
    External Debt: Short Term: % of GDP (%) 0.1 2020 yearly 2018 - 2020
    Forecast: Current Account Balance (USD bn) -3.675 2029 yearly 1998 - 2029
    Net International Investment Position (USD mn) -35,240.992 Sep 2020 quarterly Mar 1999 - Sep 2020
    BoP: CA: Exports (f.o.b) (USD mn) 2,722.800 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Imports (f.o.b) (USD mn) 2,524.100 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Services: Net (USD mn) 171.400 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Services: Receipts (USD mn) 537.000 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Primary Income: Net (USD mn) -443.200 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Services: Payments (USD mn) 365.600 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Primary Income: Payments (USD mn) 777.900 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Primary Income: Receipts (USD mn) 334.700 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Secondary Income: Receipts (USD mn) 455.400 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Secondary Income: Net (USD mn) 369.000 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: CA: Secondary Income: Payments (USD mn) 86.500 Mar 2024 quarterly Mar 2014 - Mar 2024
    Balance of Payment(BoP): Current Account (CA) (USD mn) 295.800 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: Capital Account: Net (USD mn) 0.000 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: Financial Account (USD mn) -498.200 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: Financial Account: Assets (USD mn) -152.800 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: Net Errors and Omissions (USD mn) -605.100 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: Financial Account: Liabilities (USD mn) 345.400 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: Capital Account: Receipts (USD mn) 0.000 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: Financial Account: Liabilities: Direct Investments (USD mn) 347.500 Mar 2024 quarterly Mar 2014 - Mar 2024
    BoP: Capital Account: Payments (USD mn) 0.000 Mar 2024 quarterly Mar 2014 - Mar 2024
    FDI: PE: Value: Oil & Gas (USD mn) 0.000 Dec 2021 monthly Feb 2004 - Dec 2021
    FDI: PE: Value: Power (USD mn) 702.400 Jul 2022 monthly Feb 2004 - Jul 2022
    FDI: PE: Value: Hong Kong (USD mn) 58.630 Jul 2022 monthly Feb 2004 - Jul 2022
    FDI: PE: Value: Mining (USD mn) 0.000 Dec 2021 monthly Feb 2004 - Dec 2021
    FDI: PE: Value: Singapore (USD mn) 1,086.470 Jul 2022 monthly Feb 2004 - Jul 2022
    FDI: PE: Value: Japan (USD mn) 3.100 May 2022 monthly Feb 2004 - May 2022
    FDI: PE: Value: Manufacturing (USD mn) 89.520 Jul 2022 monthly Feb 2004 - Jul 2022
    FDI: PE: Value (USD mn) 1,198.530 Jul 2022 monthly Feb 2004 - Jul 2022
    FDI: PE: Value: South Korea (USD mn) 2.800 Jul 2022 monthly Feb 2004 - Jul 2022
    FDI: PE: Value: China (USD mn) 44.590 Jul 2022 monthly Feb 2004 - Jul 2022
    Monetary Last Frequency Range
    Money Supply M1 (USD mn) 23,244.979 Mar 2024 monthly Apr 2012 - Mar 2024
    Money Supply M2 (USD mn) 56,858.041 Jan 2021 monthly Apr 2012 - Jan 2021
    M2 Growth (%) 15.9 Mar 2024 quarterly Dec 2002 - Mar 2024
    Reserve Requirement Ratio (%) 3.8 Sep 2024 monthly May 2011 - Sep 2024
    Foreign Exchange Reserves (USD mn) 8,473.8 Mar 2024 quarterly Dec 1950 - Mar 2024
    Foreign Exchange Reserves: Months of Import (NA) 5.2 Jun 2022 quarterly Sep 2010 - Jun 2022
    Gold Reserves (USD mn) 521.110 Mar 2024 monthly Dec 1950 - Mar 2024
    Total Deposits (USD mn) 63,663.584 2023 yearly 1960 - 2023
    Domestic Credit (USD mn) 45,836.4 Jan 2021 monthly Apr 2012 - Jan 2021
    Domestic Credit Growth (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
    Private Debt: % of Nominal GDP (%) 28.98 2020 yearly 1960 - 2020
    Reserve Requirement Rate: MMK (%) 3.750 Sep 2024 monthly May 2011 - Sep 2024
    Money Stock: Total Deposits (MMK mn) 63,052,151.350 Mar 2024 quarterly Jun 2013 - Mar 2024
    Money Stock: YoY Growth: M2 (MMK mn) 15.950 Mar 2024 quarterly Jun 2013 - Mar 2024
    Money Stock: YoY Growth: Total Deposits (MMK mn) 16.080 Mar 2024 quarterly Jun 2013 - Mar 2024
    Money Stock: M0 (MMK mn) 49,374,304.930 Mar 2024 quarterly Jun 2013 - Mar 2024
    Money Stock: M1 (MMK mn) 48,814,456.350 Mar 2024 quarterly Jun 2013 - Mar 2024
    Money Stock: M2 (MMK mn) 101,186,159.610 Mar 2024 quarterly Jun 2013 - Mar 2024

    More Indicators for Myanmar

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