Myanmar Real GDP Growth

2011 - 2022 | Yearly | % | CEIC Data

Key information about Myanmar Real GDP Growth

  • The Gross Domestic Product (GDP) in Myanmar expanded 3.5 % YoY in Dec 2022, following a negative growth of 2.9 % in the previous year.
  • Real GDP Growth YoY data in Myanmar is updated yearly, available from Dec 2011 to Dec 2022, with an average rate of 6.1 %.
  • 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 2022 in the chart:

    Myanmar Real GDP Growth

    What was Myanmar's Real GDP Growth in 2022?

    The Gross Domestic Product (GDP) in Myanmar expanded 3.5 % YoY in Dec 2022, following a negative growth of 2.9 % in the previous year. See the table below for more data.

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

    Real GDP Growth by Country Comparison

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    country/region Last Frequency Range
    Albania (%) 4.7 Dec 2022 quarterly Mar 2010 - Dec 2022
    Algeria (%) 3.0 Mar 2023 quarterly Mar 2000 - Mar 2023
    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 (%) 1.1 Dec 2023 quarterly Mar 2001 - Dec 2023
    Bahrain (%) 3.9 Dec 2023 quarterly Mar 2009 - Dec 2023
    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 (%) 0.5 Sep 2023 quarterly Jun 2006 - Sep 2023
    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 (%) 4.0 Dec 2023 quarterly Mar 2011 - Dec 2023
    Kuwait (%) 0.3 Sep 2023 quarterly Jun 2010 - Sep 2023
    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 (%) -25.9 2020 yearly 2005 - 2020
    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 (%) 4.3 Dec 2023 quarterly Mar 2001 - Dec 2023
    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 (%) 4.3 Dec 2023 quarterly Mar 2011 - Dec 2023
    Morocco (%) 0.5 Dec 2022 quarterly Mar 2008 - Dec 2022
    Mozambique (%) 2.0 Dec 2018 quarterly Jun 2007 - Dec 2018
    Myanmar (%) 3.5 2022 yearly 2011 - 2022
    Nepal (%) 0.7 Dec 2023 quarterly Dec 2004 - Dec 2023
    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 (%) -29.3 Dec 2023 quarterly Jun 2000 - Dec 2023
    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 (%) 1.0 Jun 2023 quarterly Mar 2012 - Jun 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 (%) 2.6 Dec 2023 quarterly Mar 1996 - Dec 2023
    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

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    Includes 187 key indicators for Myanmar, curated by CEIC analysts. Instant access to full history data in excel.
    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) 43,994.200 2028 yearly 1998 - 2028
    Forecast: Government Net Debt (MMK bn) 142,869.860 2028 yearly 1998 - 2028
    Forecast: Government Revenue (MMK bn) 36,020.560 2028 yearly 1998 - 2028
    Budget: Government Deficit/Surplus (MMK mn) -106,276.976 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: TR: PPC: Excise duty (MMK mn) 598.830 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: Net Borrowing/ Net Lending (MMK mn) -47,646.544 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: Total Expenditure (MMK mn) 5,624,667.718 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: TR: Tax on Income and Profit (MMK mn) 770,074.256 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: Revenue (MMK mn) 5,379,181.011 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: Net Capital Expenditure (NEX) (MMK mn) 368,051.407 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: Expense (EX) (MMK mn) 5,058,776.148 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: TR: PPC: Specific Goods Tax (MMK mn) 449,668.049 Jun 2023 quarterly Dec 2018 - Jun 2023
    Budget: Total Revenue (MMK mn) 5,518,390.742 Jun 2023 quarterly Dec 2018 - Jun 2023
    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 (%) 3.759 2028 yearly 1999 - 2028
    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) 39,896.285 2022 yearly 1995 - 2022
    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: Refined Mineral Oil (USD mn) 434.400 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: 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
    Balance of Payments Last Frequency Range
    Current Account Balance (USD mn) -280.3 Jun 2023 quarterly Mar 1976 - Jun 2023
    Foreign Direct Investment (USD mn) 169.1 Jun 2023 quarterly Mar 1976 - Jun 2023
    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) -1.384 2028 yearly 1998 - 2028
    Net International Investment Position (USD mn) -35,240.992 Sep 2020 quarterly Mar 1999 - Sep 2020
    BoP: CA: Services: Net (USD mn) 200.000 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Services: Receipts (USD mn) 631.900 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Services: Payments (USD mn) 431.900 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Secondary Income: Payments (USD mn) 78.500 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Imports (f.o.b) (USD mn) 3,611.200 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Primary Income: Receipts (USD mn) 360.300 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Exports (f.o.b) (USD mn) 2,539.900 Jun 2023 quarterly Mar 2014 - Jun 2023
    Balance of Payment(BoP): Current Account (CA) (USD mn) -280.300 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: Capital Account: Payments (USD mn) 0.000 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Primary Income: Payments (USD mn) 522.300 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Secondary Income: Net (USD mn) 753.000 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Primary Income: Net (USD mn) -162.000 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: Financial Account (USD mn) 65.500 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: CA: Secondary Income: Receipts (USD mn) 831.400 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: Capital Account: Net (USD mn) 0.000 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: Financial Account: Assets (USD mn) 94.000 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: Financial Account: Liabilities (USD mn) 28.600 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: Net Errors and Omissions (USD mn) 647.500 Jun 2023 quarterly Mar 2014 - Jun 2023
    BoP: Capital Account: Receipts (USD mn) 0.000 Jun 2023 quarterly Mar 2014 - Jun 2023
    FDI: PE: Value: Oil & Gas (USD mn) 0.000 Dec 2021 monthly Feb 2004 - Dec 2021
    FDI: PE: Value: Mining (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: 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: South Korea (USD mn) 2.800 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: China (USD mn) 44.590 Jul 2022 monthly Feb 2004 - Jul 2022
    Monetary Last Frequency Range
    Money Supply M1 (USD mn) 18,981.351 Jun 2023 monthly Apr 2012 - Jun 2023
    Money Supply M2 (USD mn) 56,858.041 Jan 2021 monthly Apr 2012 - Jan 2021
    M2 Growth (%) 10.9 Jun 2023 quarterly Dec 2002 - Jun 2023
    Reserve Requirement Ratio (%) 3.5 Mar 2024 monthly May 2011 - Mar 2024
    Foreign Exchange Reserves (USD mn) 7,704.9 Mar 2021 quarterly Dec 1950 - Mar 2021
    Foreign Exchange Reserves: Months of Import (NA) 6.0 Mar 2021 quarterly Sep 2010 - Mar 2021
    Gold Reserves (USD mn) 395.190 Mar 2021 monthly Dec 1950 - Mar 2021
    Total Deposits (USD mn) 60,865.914 2022 yearly 1960 - 2022
    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 (%) 3.500 Mar 2024 monthly May 2011 - Mar 2024
    Money Stock: M0 (MMK mn) 39,963,106.830 Jun 2023 quarterly Jun 2013 - Jun 2023
    Money Stock: M1 (MMK mn) 39,860,836.570 Jun 2023 quarterly Jun 2013 - Jun 2023
    Money Stock: M2 (MMK mn) 87,356,641.910 Jun 2023 quarterly Jun 2013 - Jun 2023

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