Myanmar (Burma) Economic Statistics and Indicators
29, Jul 2015, EDT. Welcome to the Myanmar economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Myanmar (Burma) › Change country
National or Regional Currency: Kyat, MMK
Year of data: 2014 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 55746253 ; note: estimates for this country take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected (July 2014 est.)
Area: total: 676,578 sq km ; land: 653,508 sq km ; water: 23,070 sq km
Natural Resources: petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, marble, limestone, precious stones, natural gas, hydropower
Capital: name: Rangoon (Yangon); note - Nay Pyi Taw is the administrative capital ; geographic coordinates: 16 48 N, 96 09 E ; time difference: UTC+6.5 (11.5 hours ahead of Washington, DC, during Standard Time)
Since the transition to a civilian government in 2011, Myanmar has begun an economic overhaul aimed at attracting foreign investment and reintegrating into the global economy. Economic reforms have included establishing a managed float of the Burmese kyat in 2012, granting the Central Bank operational independence in July 2013, and enacting a new Anti-corruption Law in September 2013. The government’s commitment to reform, and the subsequent easing of most Western sanctions, has begun to pay dividends. The economy accelerated in 2012 and 2013. And Myanmar’s abundant natural resources, young labor force, and proximity to Asia’s dynamic economies have attracted foreign investment in the energy sector, garment industry, information technology, and food and beverages. Foreign direct investment grew from US$1.9 billion in FY 2011 to US$2.7 billion in FY 2012. Despite these improvements, living standards have not improved for the majority of the people residing in rural areas. Myanmar remains one of the poorest countries in Asia - more than one-fourth of the country’s 60 million people live in poverty. The previous government’s isolationist policies and economic mismanagement have left Myanmar with poor infrastructure, endemic corruption, underdeveloped human resources, and inadequate access to capital, which will require a major commitment to reverse. The Burmese government has been slow to address impediments to economic development such as an opaque revenue collection system and antiquated banking system. Key benchmarks of sustained economic progress would include modernizing and opening the financial sector, increasing budget allocations for social services, and accelerating agricultural and land reforms.
More on the Myanmar Economy
More on the Myanmar Export, Import and Trade
GDP (Constant Prices, National Currency) for Myanmar in year 2014 is MMK 53,218.55 Billion.
GDP (Current Prices, National Currency) for Myanmar in year 2014 is MMK 63,323.11 Billion.
GDP (Current Prices, US Dollars) for Myanmar in year 2014 is US$ 65.291 Billion.
GDP Deflator for Myanmar in year 2014 is 118.987 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Myanmar in year 2014 is MMK 1,034,989.36 .
GDP Per Capita (Current Prices, National Currency) for Myanmar in year 2014 is MMK 1,231,501.85 .
GDP Per Capita (Current Prices, US Dollars) for Myanmar in year 2014 is US$ 1,269.77 .
GDP (PPP), US Dollars for Myanmar in year 2014 is US$ 244.331 Billion.
GDP Per Capita (PPP), US Dollars for Myanmar in year 2014 is US$ 4,751.72 .
Investment (% of GDP) for Myanmar in year 2014 is 24.721 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Myanmar in year 2014 is 1,937.56 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Myanmar in year 2014 is 1,941.82 (Index, Base Year 2000 = 100).
Population for Myanmar in year 2014 is 51.419 Million .
General government revenue (National Currency) for Myanmar in year 2014 is MMK 15,349.25 Billions.
General government total expenditure (National Currency) for Myanmar in year 2014 is MMK 18,181.23 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Myanmar in year 2014 is MMK -2,831.99 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Myanmar in year 2014 is MMK 63,323.11 Billions.
Current Account Balance (US Dollars) for Myanmar in year 2014 is US$ -3.472 Billion.
|Number of Internet Users for Myanmar|
|Internet Penetration Rate for Myanmar|
|Number of Facebook Accounts for Myanmar|
|Facebook Penetration Rate for Myanmar|
|Corruption Perceptions Index Rank and Score for Myanmar|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International