The Gross Domestic Product (GDP) in Myanmar expanded 6.80 percent in 2018 from the previous year.

GDP Annual Growth Rate in Myanmar averaged 8.65 percent from 1994 until 2018, reaching an all time high of 13.84 percent in 2003 and a record low of 3.60 percent in 2008. 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 October of 2020.

GDP Annual Growth Rate in Myanmar is expected to reach 1.50 percent by the end of 2020, 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 6.50 percent in 2021 and 6.00 percent in 2022, according to our econometric models.

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Myanmar GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
6.80 5.90 13.84 3.60 1994 - 2018 percent Yearly

Myanmar GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.80 5.90 13.84 3.60 percent [+]
GDP 76.09 76.17 76.17 6.46 USD Billion [+]
GDP per capita 1608.50 1573.10 1608.50 145.00 USD [+]
GDP per capita PPP 5142.20 5029.20 5142.20 607.50 USD [+]

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.