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Economy of Ireland vs Myanmar compared: GDP & Debt

Updated on by Georank team

Ireland has a GDP of $609B compared to $74.1B for Myanmar, ranking 25/197 and 85/197 by economy size, respectively.

Ireland has $236B in government debt (38.8% of GDP), compared to $44B (59.3% of GDP) in Myanmar.

Ireland vs Myanmar GDP by year

Ireland
Myanmar
1x
Year GDP, current $
Ireland Myanmar
2024 $609,157,459,747 $74,068,349,524
2023 $567,372,737,459 $66,757,619,000
2022 $548,341,794,599 $62,253,049,903
2021 $530,394,123,830 $66,345,291,149
2020 $436,009,027,819 $79,006,113,670
2019 $407,211,793,801 $75,065,106,243
2018 $395,780,319,817 $67,860,515,993
2017 $348,355,212,569 $66,053,040,475
2016 $305,431,252,709 $63,298,361,984
2015 $302,101,388,556 $59,607,290,408
2014 $266,490,442,124 $65,531,374,210
2013 $242,924,245,719 $60,269,732,855
2012 $226,921,827,888 $59,937,796,648
2011 $240,975,871,047 $59,977,326,086
2010 $221,732,824,603 $49,540,813,342
2009 $236,443,115,854 $36,906,181,381
2008 $275,447,471,451 $31,862,554,102
2007 $270,079,279,420 $20,182,477,481
2006 $232,180,617,162 $14,502,553,710
2005 $211,876,989,656 $11,986,972,419
2004 $194,372,115,041 $10,567,354,056
2003 $164,670,771,260 $10,467,109,978
2002 $128,596,035,288 $6,777,632,512
2001 $109,346,669,230 $6,477,790,688
2000 $100,207,610,430 $8,905,066,164
1999 $98,893,958,263 $8,486,832,801
1998 $90,199,410,116 $6,459,461,639
1997 $82,856,648,758 $4,722,288,496
1996 $75,790,786,290 $6,123,556,717
1995 $69,139,823,232 $5,289,174,943
1994 $57,097,656,066 $4,432,257,174
1993 $52,417,477,614 $3,163,020,035
1992 $55,918,538,121 $2,411,552,289
1991 $49,787,501,584 $2,069,832,687
1990 $49,305,632,408 $2,115,193,513
1989 $39,238,392,678 $2,013,448,229
1988 $37,772,896,221 $1,541,088,312
1987 $33,920,518,493 $1,562,448,077
1986 $28,714,571,852 $1,582,873,750
1985 $21,270,013,326 $1,478,908,173
1984 $20,106,648,455 $1,304,063,253
1983 $20,766,047,764 $1,381,573,615
1982 $21,474,752,962 $1,481,165,468
1981 $20,670,190,138 $1,111,000,765
1980 $21,747,855,640 $1,038,225,167
1979 $18,319,334,300 $952,265,043
1978 $14,647,996,074 $935,408,775
1977 $11,248,340,431 $873,579,932
1976 $9,453,756,015 $1,204,699,849
1975 $9,483,808,362 $1,061,107,354
1974 $7,896,860,615 $1,225,589,878
1973 $7,481,173,066 $719,754,655
1972 $6,318,060,582 $662,213,083
1971 $5,098,250,287 $587,448,405
1970 $4,395,995,086 $563,555,631
1969 $3,902,721,632 $571,854,215
1968 $3,378,701,147 $559,956,130
1967 $3,445,739,915 $420,359,036
1966 $3,198,820,904 $293,103,479
1965 $3,035,655,794 $367,053,117
1964 $2,851,091,646 $411,419,906
1963 $2,505,073,358 $598,998,419
1962 $2,329,372,972 $634,528,872
1961 $2,151,772,980 $605,581,577
1960 $1,998,550,222 $545,098,448

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ireland/myanmar | CC BY

GDP per capita in Ireland vs Myanmar by year

Ireland
GDP per capita

GDP per capita, PPP
Myanmar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ireland Myanmar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $112,895 $133,437 $1,359 $5,997
2023 $106,819 $129,683 $1,233 $5,953
2022 $105,191 $138,523 $1,158 $5,732
2021 $103,783 $116,904 $1,243 $5,178
2020 $86,514 $97,800 $1,490 $5,741
2019 $81,828 $92,023 $1,426 $6,101
2018 $80,804 $86,299 $1,298 $5,581
2017 $72,161 $80,450 $1,273 $4,706
2016 $64,130 $73,013 $1,229 $4,460
2015 $64,250 $71,588 $1,167 $4,459
2014 $57,215 $52,641 $1,293 $4,376
2013 $52,538 $48,839 $1,199 $4,144
2012 $49,336 $46,726 $1,203 $3,845
2011 $52,614 $45,526 $1,214 $3,579
2010 $48,624 $43,212 $1,011 $3,348
2009 $52,133 $41,491 $758 $3,040
2008 $61,353 $44,169 $658 $2,748
2007 $61,396 $46,782 $419 $2,459
2006 $54,329 $44,223 $303 $2,153
2005 $50,933 $40,466 $252.7 $1,860
2004 $47,754 $38,729 $224.5 $1,601
2003 $41,204 $36,280 $224.3 $1,385
2002 $32,705 $35,222 $146.6 $1,204
2001 $28,282 $32,573 $141.5 $1,069
2000 $26,335 $30,216 $196.6 $949
1999 $26,338 $27,041 $189.5 $825
1998 $24,295 $25,094 $146 $742
1997 $22,551 $22,637 $108 $702
1996 $20,836 $20,482 $141.9 $661
1995 $19,158 $18,944 $124.1 $618
1994 $15,903 $17,011 $105.4 $573
1993 $14,657 $15,811 $76.2 $529
1992 $15,714 $15,116 $58.9 $494
1991 $14,087 $14,399 $51.2 $447
1990 $14,031 $13,743 $53.1 $441
1989 $11,176 - $51.3 -
1988 $10,716 - $39.9 -
1987 $9,582 - $41.1 -
1986 $8,112 - $42.4 -
1985 $6,012 - $40.4 -
1984 $5,692 - $36.3 -
1983 $5,915 - $39.3 -
1982 $6,161 - $43 -
1981 $5,986 - $32.8 -
1980 $6,372 - $31.2 -
1979 $5,430 - $29.2 -
1978 $4,400 - $29.3 -
1977 $3,427 - $27.9 -
1976 $2,920 - $39.2 -
1975 $2,973 - $35.2 -
1974 $2,517 - $41.4 -
1973 $2,424 - $24.8 -
1972 $2,080 - $23.3 -
1971 $1,704 - $21.1 -
1970 $1,487 - $20.7 -
1969 $1,331 - $21.5 -
1968 $1,159 - $21.5 -
1967 $1,187 - $16.5 -
1966 $1,107 - $11.8 -
1965 $1,055 - $15.1 -
1964 $995 - $17.3 -
1963 $878 - $25.8 -
1962 $821 - $27.9 -
1961 $762 - $27.3 -
1960 $707 - $25.1 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/ireland/myanmar | CC BY

Ireland's GDP per capita is $112,895, ranking 4/197, compared to $1,359 in Myanmar, ranking 165/197. Adjusted for purchasing power (GDP per capita PPP), Ireland ranks 4th at $133,437, while Myanmar ranks 153rd at $5,997.

Economic indicators

Ireland Myanmar
Gross domestic product
$609B
2024
$74.1B
2024
GDP rank
25/197
2024
85/197
2024
GDP growth
2.6%
2023-2024
-0.97%
2023-2024
GDP per capita
$112,895
2024
$1,359
2024
GDP per capita rank
4/197
2024
165/197
2024
GDP per capita, PPP
$133,437
2024
$5,997
2024
GDP per capita PPP rank
4/197
2024
153/197
2024
Government debt
$236B
2024
$44B
2024
Debt-to-GDP ratio
38.8%
2024
59.3%
2024
Government debt per person
$43,766
2024
$806
2024
Government debt per person rank
11/185
2024
150/185
2024
Average annual personal income after taxes
$47,851
2026
$1,646
2026
Market capitalization of domestic companies
$110B
2018
n/a
Number of billionaires
11
2025
n/a
Income share by richest 10%
24.1%
2023
25.5%
2017
Income share by poorest 10%
3.7%
2023
3.8%
2017
Government expenditure, % of GDP
22.3%
2024
20.7%
2024
Consumer prices inflation
2.11%
2023-2024
8.83%
2018-2019
Unemployment rate
4.27%
2024
1.48%
2020
Population
5518360
55292116

Spending and national debt comparison by year

Ireland
Spending

Debt
Myanmar
Spending

Debt
1x
Year % of GDP
Ireland Myanmar
Government spending Government debt Government spending Government debt
2024 22.3% 38.8% 20.7% 59.3%
2023 22.1% 42.1% 21.4% 59.1%
2022 20.6% 43.2% 21.3% 56.1%
2021 23.6% 52.7% 20.9% 63.4%
2020 26.7% 57.1% 21.3% 49.1%
2019 23.9% 55.9% 20.5% 37.6%
2018 24.7% 61.4% 18.7% 39.9%
2017 25.3% 65.3% 19.7% 41.9%
2016 27.5% 72.7% 21.3% 35.7%
2015 28.1% 74% 23.7% 36.6%
2014 36.6% 101.4% 24.7% 34.5%
2013 39.8% 117.7% 23.9% 44.8%
2012 42.3% 118.9% 20% 48%
2011 46.9% 109.6% 15.6% 49.9%
2010 64.9% 86.2% 15.8% 54.4%
2009 46.9% 61.8% 14.4% 56.4%
2008 41.6% 42.5% 14.4% 59.8%
2007 35.6% 23.9% 15.7% 77.4%
2006 33.6% 23.7% 15.6% 103.1%
2005 33% 26.1% 14.6% 119%
2004 32.8% 28.1% 14.6% 126.6%
2003 32.7% 29.8% 14.3% 146%
2002 32.9% 30.9% 15.3% 190.6%
2001 32.2% 33.6% 19.1% 262%
2000 30.6% 36.4% 21.4% 164.5%
1999 32.5% 46.6% 22.8% 150.7%
1998 34.2% 51.4% 25.2% 208.6%
1997 36.1% 61.6% - -
1996 38.5% 69.8% - -
1995 40.3% 78.5% - -
1994 44.2% 88% - -
1993 44.6% 93.4% - -
1992 46.8% 90.6% - -
1991 46.1% 93.8% - -
1990 44.6% 92.7% - -
1989 42.5% 97.9% - -
1988 48.2% 106.5% - -
1987 51.4% 108.3% - -
1986 52.9% 107.2% - -
1985 53.2% 93% - -
1984 52.7% 90.2% - -
1983 55.6% 86.1% - -
1982 56.7% 73.5% - -
1981 54.1% 68.8% - -
1980 53.7% 64.6% - -
1979 48.7% 63.5% - -
1978 46.2% 50.6% - -
1977 44.6% 49.2% - -
1976 47.8% 51.7% - -
1975 48.2% 48.3% - -
1974 44.3% 43.5% - -
1973 40.3% 35.1% - -
1972 41.5% 37.3% - -
1971 45.3% 39.8% - -
1970 44.1% 41.7% - -
1969 42.5% 42.6% - -
1968 40% 44.7% - -
1967 39.3% 47.1% - -
1966 36.9% 47.7% - -
1965 35.8% 44.6% - -
1964 34.8% 43.1% - -
1963 33.6% 45.2% - -
1962 31.7% 44.5% - -
1961 31.4% 44.3% - -
1960 29.1% 44.9% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/ireland/myanmar | CC BY

In 2024, Ireland's government spending was $136B, accounting for 22.3% of its GDP, while Myanmar spent $15.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 38.8% in Ireland and 59.3% in Myanmar, ranking 138/185 and 81/185, respectively.

Government deficit by year

Deficit/surplus
Ireland

Myanmar
1x
Year Deficit/surplus, % of GDP
Ireland Myanmar
2024 4.09% -5.06%
2023 1.52% -5.18%
2022 1.67% -2.82%
2021 -1.37% -2.47%
2020 -4.87% -6.5%
2019 0.41% -4.7%
2018 0.09% -2.77%
2017 -0.3% -3.42%
2016 -0.76% -2.53%
2015 -1.97% -4.33%
2014 -3.52% -1.06%
2013 -6.28% -1.53%
2012 -8.42% -2.7%
2011 -13.5% -4.82%
2010 -32.1% -5.4%
2009 -13.9% -3.55%
2008 -7.03% -2.73%
2007 0.27% -3.52%
2006 2.78% -3.42%
2005 1.57% -3.49%
2004 1.3% -4.62%
2003 0.35% -4.24%
2002 -0.52% -4.01%
2001 0.96% -6.34%
2000 4.86% -6.03%
1999 3.54% -4.46%
1998 2.07% -4.89%
1997 1.37% -
1996 -0.2% -
1995 -2.07% -
1994 -1.82% -
1993 -2.62% -
1992 -2.84% -
1991 -2.8% -
1990 -2.69% -
1989 -2.64% -
1988 -4.62% -
1987 -8.47% -
1986 -10.5% -
1985 -10.7% -
1984 -9.43% -
1983 -11.5% -
1982 -13.1% -
1981 -12.1% -
1980 -11.1% -
1979 -10% -
1978 -8.27% -
1977 -6.44% -
1976 -7.34% -
1975 -11.1% -
1974 -6.96% -
1973 -3.84% -
1972 -3.23% -
1971 -3.5% -
1970 -3.64% -
1969 -3.4% -
1968 -2.72% -
1967 -2.69% -
1966 -2.26% -
1965 -3.5% -
1964 -3.35% -
1963 -2.92% -
1962 -2.91% -
1961 -2.6% -
1960 -1.97% -
1959 -2.16% -
1958 -4.3% -
1957 -5.19% -
1956 -3.23% -
1955 -5.06% -
1954 -5.28% -
1953 -5.77% -
1952 -7.84% -
1951 -4.62% -
1950 -5.21% -
1949 -2.17% -
1948 -1.29% -
1947 -1.8% -
1946 -0.43% -
1945 -0.43% -
1944 0.39% -
1943 -1.18% -
1942 -2.48% -
1941 -1.42% -
1940 -0.15% -
1939 -7.31% -
1938 -0.92% -
1937 -0.77% -
1936 -0.19% -
1935 - -
1934 - -
1933 2.97% -
1932 - -
1931 -1.63% -
1930 - -
1929 -3.41% -
1928 - -
1927 - -
1926 -1.95% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1926–1989, retrieved 2026-02-20).

GeoRank.org/economy/ireland/myanmar | CC BY

In 2024, Ireland's government surplus, the difference between spending and revenue, was $24.9B, equivalent to 4.09% of GDP. This compares to Myanmar's deficit of $3.75B, or 5.06% of GDP.

Over the past 27 years, Ireland recorded a fiscal deficit in 13 of those years, while Myanmar ran a deficit in 27 years. On average, Ireland posted an annual deficit equal to 2.56% of GDP, compared to deficit of 3.95% of GDP for Myanmar.

Inflation comparison by year

Inflation
Ireland

Myanmar
1x
Year Consumer prices inflation
Ireland Myanmar
2024 2.11% -
2023 6.3% -
2022 7.83% -
2021 2.34% -
2020 -0.33% -
2019 0.94% 8.83%
2018 0.47% 6.87%
2017 0.36% 4.57%
2016 0.02% 6.93%
2015 -0.33% 9.45%
2014 0.19% 4.95%
2013 0.52% 5.64%
2012 1.69% 1.47%
2011 2.55% 5.02%
2010 -0.92% 7.72%
2009 -4.45% 1.47%
2008 4.04% 26.8%
2007 4.89% 35%
2006 3.94% 20%
2005 2.46% 9.37%
2004 2.18% 4.53%
2003 3.49% 36.6%
2002 4.63% 57.1%
2001 4.85% 21.1%
2000 5.58% -0.11%
1999 1.63% 18.4%
1998 2.41% 51.5%
1997 1.54% 29.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/ireland/myanmar | CC BY

Over the past 23 years, Ireland has recorded an average annual inflation rate of 1.86%, compared with 16.2% in Myanmar. In 2019, inflation was 2.11% in Ireland and 8.83% in Myanmar.

Top exports between countries

Ireland
Export category Export value
Chemicals & pharma $1.81M
Animal & marine products $1.25M
Processed food, beverages & tobacco $645K
Textiles & consumer goods $291K
Raw agricultural goods $24K
Machinery & equipment $16K
Myanmar
Export category Export value
Textiles & consumer goods $1.38M
Animal & marine products $524K
Raw agricultural goods $112K
Processed food, beverages & tobacco $109K
Wood & paper products $101K
Machinery & equipment $53K
Metals $46K
Chemicals & pharma $16K

Balance of trade

Ireland Myanmar
Current account balance
$106B
2024
$67.7M
2019
Current account balance ranking
6/190
2024
71/190
2019
Current account balance, % of GDP
+17.4%
2024
+0.09%
2019
Goods imports
$165B
2024
$13.7B
2019
Goods exports
$356B
2024
$10.8B
2019
Service imports
$467B
2024
$3.66B
2019
Service exports
$526B
2024
$6.68B
2019
Imports of goods and services, % of GDP
102.2%
2024
n/a
Exports of goods and services, % of GDP
144%
2024
24.3%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Ireland Myanmar
Economic freedom 83.3 44.5
Economic freedom ranking 3/197 180/197
Property rights 94.4 5.7
Government integrity 84 18.1
Judicial effectiveness 95.4 3.9
Tax burden 77.7 88.6
Government spending 85.9 86.6
Fiscal health 97 62.7
Business freedom 85.5 37.9
Labor freedom 61.3 53.2
Monetary freedom 79.3 57.5
Trade freedom 79.4 69.4
Investment freedom 90 30
Financial freedom 70 20

Economic freedom comparison by year

Ireland
Myanmar
1x
Year Economic freedom index
Ireland Myanmar
2026 83.3 44.5
2025 83.1 43.7
2024 82.6 42.2
2023 82 46.5
2022 82 49.6
2021 81.4 55.2
2020 80.9 54
2019 80.5 53.6
2018 80.4 53.9
2017 76.7 52.5
2016 77.3 48.7
2015 76.6 46.9
2014 76.2 46.5
2013 75.7 39.2
2012 76.9 38.7
2011 78.7 37.8
2010 81.3 36.7
2009 82.2 37.7
2008 82.5 39.5
2007 82.6 41
2006 82.2 40
2005 80.8 40.5
2004 80.3 43.6
2003 80.9 44.9
2002 80.5 45.5
2001 81.2 46.1
2000 76.1 47.9
1999 74.6 46.4
1998 73.7 45.7
1997 72.6 45.4
1996 68.5 45.1
1995 68.5 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/ireland/myanmar | CC BY

The Economic Freedom Index for Ireland is 83.3, ranking 3/197, compared to 44.5 for Myanmar, ranking 180/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ireland Myanmar
Services, % of GDP
60.6%
2024
41.4%
2024
Industry, % of GDP
33.6%
2024
37.8%
2024
Agriculture, forestry, and fishing, % of GDP
1.02%
2024
20.8%
2024
GNI, Atlas method
$435B
2024
$65.9B
2024
GNI per capita, PPP
$101,180
2024
$5,890
2024
Total reserves including gold
$12.7B
2024
$9.34B
2023
Total reserves ranking
73/177
2024
81/177
2023
Net foreign direct investment
$62.3B
2024
-$1.74B
2019
Net inflows of foreign direct investment
$4.82B
2024
$1.1B
2024
Net outflows of foreign direct investment
$67.1B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
1.31%
2024
Poverty at national poverty lines
14%
2021
24.8%
2017
Gross capital formation, % of GDP
18.2%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/ireland/myanmar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1926–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.