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Myanmar economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Myanmar ranked 85/197 by economy size with a GDP of $74.1B and 165/197 by GDP per capita at $1,359. Myanmar has $44B in government debt, with a debt-to-GDP ratio of 59.3%.

In 2024, Myanmar made up 0.07% of the world's economy, compared to 0.04% in 1960.

Myanmar GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $74,068,349,524 -0.97%
2023 $66,757,619,000 0.96%
2022 $62,253,049,903 4.04%
2021 $66,345,291,149 -12%
2020 $79,006,113,670 -9.05%
2019 $75,065,106,243 6.58%
2018 $67,860,515,993 6.27%
2017 $66,053,040,475 6.14%
2016 $63,298,361,984 5.86%
2015 $59,607,290,408 6.99%
2014 $65,531,374,210 8.17%
2013 $60,269,732,855 8.43%
2012 $59,937,796,648 7.33%
2011 $59,977,326,086 5.59%
2010 $49,540,813,342 9.63%
2009 $36,906,181,381 10.6%
2008 $31,862,554,102 10.3%
2007 $20,182,477,481 12%
2006 $14,502,553,710 13.1%
2005 $11,986,972,419 13.6%
2004 $10,567,354,056 13.6%
2003 $10,467,109,978 13.8%
2002 $6,777,632,512 12%
2001 $6,477,790,688 11.3%
2000 $8,905,066,164 13.7%
1999 $8,486,832,801 10.9%
1998 $6,459,461,639 5.87%
1997 $4,722,288,496 5.65%
1996 $6,123,556,717 6.44%
1995 $5,289,174,943 6.95%
1994 $4,432,257,174 7.48%
1993 $3,163,020,035 6.04%
1992 $2,411,552,289 9.66%
1991 $2,069,832,687 -0.65%
1990 $2,115,193,513 2.82%
1989 $2,013,448,229 3.7%
1988 $1,541,088,312 -11.4%
1987 $1,562,448,077 -4.01%
1986 $1,582,873,750 -1.06%
1985 $1,478,908,173 2.85%
1984 $1,304,063,253 4.93%
1983 $1,381,573,615 4.39%
1982 $1,481,165,468 5.6%
1981 $1,111,000,765 6.36%
1980 $1,038,225,167 7.94%
1979 $952,265,043 5.2%
1978 $935,408,775 6.52%
1977 $873,579,932 5.95%
1976 $1,204,699,849 6.08%
1975 $1,061,107,354 4.15%
1974 $1,225,589,878 5.34%
1973 $719,754,655 -0.97%
1972 $662,213,083 2.44%
1971 $587,448,405 4.13%
1970 $563,555,631 4.98%
1969 $571,854,215 3.29%
1968 $559,956,130 12.1%
1967 $420,359,036 -5.93%
1966 $293,103,479 -4.85%
1965 $367,053,117 10.7%
1964 $411,419,906 -5.89%
1963 $598,998,419 13.3%
1962 $634,528,872 4.09%
1961 $605,581,577 0.47%
1960 $545,098,448 -

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

GeoRank.org/economy/myanmar | CC BY

Myanmar GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $1,359 $5,997
2023 $1,233 $5,953
2022 $1,158 $5,732
2021 $1,243 $5,178
2020 $1,490 $5,741
2019 $1,426 $6,101
2018 $1,298 $5,581
2017 $1,273 $4,706
2016 $1,229 $4,460
2015 $1,167 $4,459
2014 $1,293 $4,376
2013 $1,199 $4,144
2012 $1,203 $3,845
2011 $1,214 $3,579
2010 $1,011 $3,348
2009 $758 $3,040
2008 $658 $2,748
2007 $419 $2,459
2006 $303 $2,153
2005 $252.7 $1,860
2004 $224.5 $1,601
2003 $224.3 $1,385
2002 $146.6 $1,204
2001 $141.5 $1,069
2000 $196.6 $949
1999 $189.5 $825
1998 $146 $742
1997 $108 $702
1996 $141.9 $661
1995 $124.1 $618
1994 $105.4 $573
1993 $76.2 $529
1992 $58.9 $494
1991 $51.2 $447
1990 $53.1 $441
1989 $51.3 -
1988 $39.9 -
1987 $41.1 -
1986 $42.4 -
1985 $40.4 -
1984 $36.3 -
1983 $39.3 -
1982 $43 -
1981 $32.8 -
1980 $31.2 -
1979 $29.2 -
1978 $29.3 -
1977 $27.9 -
1976 $39.2 -
1975 $35.2 -
1974 $41.4 -
1973 $24.8 -
1972 $23.3 -
1971 $21.1 -
1970 $20.7 -
1969 $21.5 -
1968 $21.5 -
1967 $16.5 -
1966 $11.8 -
1965 $15.1 -
1964 $17.3 -
1963 $25.8 -
1962 $27.9 -
1961 $27.3 -
1960 $25.1 -

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

GeoRank.org/economy/myanmar | CC BY

Myanmar has a GDP per capita of $1,359, ranking 165/197, a GDP per capita based on purchasing power parity (PPP) of $5,997, ranking 153/197, and a median annual after tax income of $1,646, ranking 178/197.

Myanmar GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 84 155 140
2023 86 166 147
2022 85 167 147
2021 79 165 149
2020 66 159 139
2019 70 160 134
2018 73 162 137
2017 73 162 144
2016 71 163 145
2015 73 166 141
2014 73 161 140
2013 76 167 140
2012 72 163 141
2011 73 162 143
2010 77 165 146
2009 82 172 150
2008 84 174 154
2007 98 184 159
2006 102 190 161
2005 101 190 164
2004 98 189 167
2003 95 189 172
2002 106 191 177
2001 106 190 178
2000 95 186 182
1999 93 184 180
1998 103 187 178
1997 116 191 177
1996 103 187 175
1995 108 188 176
1994 104 185 176
1993 118 183 176
1992 127 183 178
1991 135 182 178
1990 135 182 176
1989 119 166 -
1988 125 166 -
1987 121 164 -
1986 111 159 -
1985 110 159 -
1984 111 157 -
1983 109 156 -
1982 107 156 -
1981 117 156 -
1980 118 156 -
1979 111 147 -
1978 105 146 -
1977 101 146 -
1976 95 143 -
1975 95 143 -
1974 92 140 -
1973 94 140 -
1972 91 140 -
1971 91 140 -
1970 90 140 -
1969 85 121 -
1968 85 121 -
1967 89 120 -
1966 93 117 -
1965 87 116 -
1964 81 113 -
1963 74 113 -
1962 72 113 -
1961 70 111 -
1960 69 109 -

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

GeoRank.org/economy/myanmar | CC BY

Compared with 2000, in 2024 Myanmar is ranked 84th out of 182 by GDP (up from 95th), 155th by GDP per capita (up from 186th), and 140th by GDP per capita PPP (up from 182nd).

Economic indicators

Myanmar Rank
Gross domestic product
$74.1B
2024
85/197
GDP growth
-0.97%
2023-2024
181/194
GDP per capita
$1,359
2024
165/197
GDP per capita, PPP
$5,997
2024
153/197
Government debt
$44B
2024
78/185
Debt-to-GDP ratio
59.3%
2024
81/185
Government debt per person
$806
2024
150/185
Average annual personal income after taxes
$1,646
2026
178/197
Income share by richest 10%
25.5%
2017
110/169
Income share by poorest 10%
3.8%
2017
18/169
Government expenditure, % of GDP
20.7%
2024
147/195
Consumer prices inflation
8.83%
2018-2019
33/195
Unemployment rate
1.48%
2020
184/196
Population
55292116
27/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 20.7% 59.3% -5.06%
2023 21.4% 59.1% -5.18%
2022 21.3% 56.1% -2.82%
2021 20.9% 63.4% -2.47%
2020 21.3% 49.1% -6.5%
2019 20.5% 37.6% -4.7%
2018 18.7% 39.9% -2.77%
2017 19.7% 41.9% -3.42%
2016 21.3% 35.7% -2.53%
2015 23.7% 36.6% -4.33%
2014 24.7% 34.5% -1.06%
2013 23.9% 44.8% -1.53%
2012 20% 48% -2.7%
2011 15.6% 49.9% -4.82%
2010 15.8% 54.4% -5.4%
2009 14.4% 56.4% -3.55%
2008 14.4% 59.8% -2.73%
2007 15.7% 77.4% -3.52%
2006 15.6% 103.1% -3.42%
2005 14.6% 119% -3.49%
2004 14.6% 126.6% -4.62%
2003 14.3% 146% -4.24%
2002 15.3% 190.6% -4.01%
2001 19.1% 262% -6.34%
2000 21.4% 164.5% -6.03%
1999 22.8% 150.7% -4.46%
1998 25.2% 208.6% -4.89%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

GeoRank.org/economy/myanmar | CC BY

This chart shows Myanmar's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of them, with an average annual deficit equal to 3.95% of GDP. In 2024, government spending reached $15.3B (20.7% of GDP), with a deficit of 5.06%.

The national debt reached $44B, ranking 78th out of 185 countries by total size, with a debt-to-GDP ratio of 59.3%, ranking 81st.

Inflation rate by year

1x
Year Inflation
2019 8.83%
2018 6.87%
2017 4.57%
2016 6.93%
2015 9.45%
2014 4.95%
2013 5.64%
2012 1.47%
2011 5.02%
2010 7.72%
2009 1.47%
2008 26.8%
2007 35%
2006 20%
2005 9.37%
2004 4.53%
2003 36.6%
2002 57.1%
2001 21.1%
2000 -0.11%
1999 18.4%
1998 51.5%
1997 29.7%
1996 16.3%
1995 25.2%
1994 24.1%
1993 31.8%
1992 21.9%
1991 32.3%
1990 17.6%
1989 27.2%
1988 16%
1987 24.8%
1986 9.33%
1985 6.81%
1984 4.85%
1983 5.65%
1982 5.3%
1981 0.32%
1980 0.61%
1979 5.67%
1978 -6.04%
1977 -1.16%
1976 22.4%
1975 31.7%
1974 25.2%
1973 25.2%
1972 7.64%
1971 2.09%
1970 -4.01%
1969 -4.34%
1968 2.38%
1967 0.83%
1966 25.5%
1965 17.7%
1964 -0.46%
1963 -2.68%
1962 -1.61%
1961 -0.15%
1960 7.39%

Data sources: World Bank | Economy & Growth (1960–2019, retrieved 2026-04-06).

GeoRank.org/economy/myanmar | CC BY

Over the past 20 years, Myanmar has had an average annual inflation rate of 13.7%. In 2019, inflation was 8.83%. The bar chart above shows consumer price inflation by year.

Balance of trade

Myanmar Rank
Current account balance
$67.7M
2019
71/190
Current account balance, % of GDP
+0.09%
2019
75/190
Goods imports
$13.7B
2019
99/189
Goods exports
$10.8B
2019
98/189
Service imports
$3.66B
2019
100/189
Service exports
$6.68B
2019
86/189
Exports of goods and services, % of GDP
24.3%
2025
133/193

Myanmar top 10 trading partners

Myanmar's biggest trading partner accounting for 28.1% of all exports and imports is China, with a trade balance between the two of -$718M: Myanmar exports $3.46B worth of goods and services to China and imports $4.17B.

Below is the list of the top 10 trade partners of Myanmar.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $7.63B 28.1% $3.46B $4.17B Raw materials & minerals Textiles & consumer goods
2 Thailand $4.07B 15% $2.9B $1.16B Raw materials & minerals Raw materials & minerals
3 Singapore $3.23B 11.9% $127M $3.11B Raw agricultural goods Raw materials & minerals
4 India $1.64B 6.01% $1.28B $359M Raw agricultural goods Chemicals & pharma
5 Malaysia $1.5B 5.51% $238M $1.26B Raw materials & minerals Raw materials & minerals
6 Japan $1.21B 4.46% $1.07B $138M Textiles & consumer goods Machinery & equipment
7 Indonesia $1.19B 4.38% $514M $678M Raw agricultural goods Processed food, beverages & tobacco
8 Germany $707M 2.6% $632M $74.7M Textiles & consumer goods Chemicals & pharma
9 South Korea $609M 2.24% $449M $160M Textiles & consumer goods Machinery & equipment
10 United States $586M 2.15% $473M $113M Textiles & consumer goods Processed food, beverages & tobacco

Top 10 exports

Myanmar Rank
Textiles & consumer goods $4.64B 42/193
Raw agricultural goods $4.63B 30/193
Raw materials & minerals $3.72B 84/193
Transport & tourism services $3.24B 88/188
Manufacturing & construction services $1.62B 35/164
Business & finance services $1.35B 72/188
Animal & marine products $664M 66/192
Machinery & equipment $526M 92/193
Metals $363M 96/192
Processed food, beverages & tobacco $208M 118/192

Top 10 imports

Myanmar Rank
Raw materials & minerals $5.23B 72/193
Textiles & consumer goods $2.22B 73/193
Transport & tourism services $1.71B 109/188
Machinery & equipment $1.51B 132/193
Business & finance services $1.16B 82/188
Chemicals & pharma $1.1B 107/193
Processed food, beverages & tobacco $975M 101/193
Metals $769M 104/193
IT & IP services $270M 86/182
Wood & paper products $225M 113/193

Economic freedom indices

Myanmar Rank
Economic freedom 44.5 180/197
Property rights 5.7 175/182
Government integrity 18.1 163/182
Judicial effectiveness 3.9 178/182
Tax burden 88.6 37/182
Government spending 86.6 40/180
Fiscal health 62.7 113/181
Business freedom 37.9 158/182
Labor freedom 53.2 121/182
Monetary freedom 57.5 158/180
Trade freedom 69.4 99/181
Investment freedom 30 152/181
Financial freedom 20 168/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 44.5 3.9 88.6 86.6 62.7
2025 43.7 4.2 88.6 84 39.9
2024 42.2 6.5 88.5 86.3 12.8
2023 46.5 29.3 88.5 86.4 38.8
2022 49.6 16.7 87.2 86.8 67.2
2021 55.2 19.7 87.2 87.1 81.9
2020 54 14.3 86.6 87.5 84.6
2019 53.6 18.1 86.6 85.4 78.3
2018 53.9 17.6 86.3 84.7 89.2
2017 52.5 12.9 86.2 81.5 89.9
2016 48.7 - 86.6 75.3 -
2015 46.9 - 86.9 77.9 -
2014 46.5 - 86.9 89.2 -
2013 39.2 - 81.9 96.8 -
2012 38.7 - 82 96 -
2011 37.8 - 81.9 98.1 -
2010 36.7 - 81.9 98.4 -
2009 37.7 - 81.8 98.5 -
2008 39.5 - 81.7 97 -
2007 41 - 81.9 98 -
2006 40 - 81.9 97.3 -
2005 40.5 - 82 97.8 -
2004 43.6 - 81.9 98.7 -
2003 44.9 - 81.9 98.7 -
2002 45.5 - 74.9 95.7 -
2001 46.1 - 74.9 95.7 -
2000 47.9 - 81.8 97 -
1999 46.4 - 81.9 95 -
1998 45.7 - 81.9 84.3 -
1997 45.4 - 81.8 85.2 -
1996 45.1 - 81.8 81.3 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/myanmar | CC BY

Myanmar is ranked 162/174 for economic freedom with a score of 44.5, compared to 157/162 and a score of 40 in 2006.

Other economic metrics

Myanmar Rank
Services, % of GDP
41.4%
2024
176/191
Industry, % of GDP
37.8%
2024
21/194
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
36/193
GNI, Atlas method
$65.9B
2024
86/194
GNI per capita, PPP
$5,890
2024
150/191
Total reserves including gold
$9.34B
2023
81/177
Net foreign direct investment
-$1.74B
2019
136/189
Net inflows of foreign direct investment
$1.1B
2024
93/193
Net outflows of foreign direct investment
$0
2024
154/193
Servicing debt to the IMF, % of GNI
1.31%
2024
106/121
Poverty at national poverty lines
24.8%
2017
77/176

Compare Myanmar vs other countries

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/myanmar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.