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Economy of Myanmar vs Nicaragua compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $19.7B for Nicaragua, ranking 85/197 and 131/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $7.71B (39.1% of GDP) in Nicaragua.

Myanmar vs Nicaragua GDP by year

Myanmar
Nicaragua
1x
Year GDP, current $
Myanmar Nicaragua
2024 $74,068,349,524 $19,693,982,968
2023 $66,757,619,000 $17,805,842,284
2022 $62,253,049,903 $15,634,572,502
2021 $66,345,291,149 $14,209,020,362
2020 $79,006,113,670 $12,726,422,432
2019 $75,065,106,243 $12,699,023,614
2018 $67,860,515,993 $13,025,221,974
2017 $66,053,040,475 $13,785,893,007
2016 $63,298,361,984 $13,286,093,388
2015 $59,607,290,408 $12,756,696,261
2014 $65,531,374,210 $11,880,438,824
2013 $60,269,732,855 $10,982,988,249
2012 $59,937,796,648 $10,532,017,232
2011 $59,977,326,086 $9,774,329,333
2010 $49,540,813,342 $8,758,602,233
2009 $36,906,181,381 $8,298,702,489
2008 $31,862,554,102 $8,496,967,597
2007 $20,182,477,481 $7,423,375,015
2006 $14,502,553,710 $6,763,672,381
2005 $11,986,972,419 $6,321,324,279
2004 $10,567,354,056 $5,792,932,838
2003 $10,467,109,978 $5,322,228,351
2002 $6,777,632,512 $5,223,727,303
2001 $6,477,790,688 $5,351,752,034
2000 $8,905,066,164 $5,109,587,050
1999 $8,486,832,801 $4,856,026,259
1998 $6,459,461,639 $4,635,347,386
1997 $4,722,288,496 $4,389,973,490
1996 $6,123,556,717 $4,308,351,903
1995 $5,289,174,943 $4,140,470,000
1994 $4,432,257,174 $3,863,185,119
1993 $3,163,020,035 $1,756,454,248
1992 $2,411,552,289 $1,792,800,000
1991 $2,069,832,687 $1,488,804,124
1990 $2,115,193,513 $1,009,455,484
1989 $2,013,448,229 $1,013,184,756
1988 $1,541,088,312 $2,630,900,096
1987 $1,562,448,077 $3,851,200,118
1986 $1,582,873,750 $2,885,799,994
1985 $1,478,908,173 $2,683,699,935
1984 $1,304,063,253 $3,117,599,872
1983 $1,381,573,615 $2,753,100,058
1982 $1,481,165,468 $2,454,499,872
1981 $1,111,000,765 $2,474,700,227
1980 $1,038,225,167 $2,144,300,006
1979 $952,265,043 $1,567,599,982
1978 $935,408,775 $2,127,699,979
1977 $873,579,932 $2,226,999,874
1976 $1,204,699,849 $1,836,899,999
1975 $1,061,107,354 $1,581,599,959
1974 $1,225,589,878 $1,521,400,012
1973 $719,754,655 $1,092,900,015
1972 $662,213,083 $878,570,045
1971 $587,448,405 $828,569,953
1970 $563,555,631 $778,569,939
1969 $571,854,215 $750,000,003
1968 $559,956,130 $692,859,985
1967 $420,359,036 $657,140,011
1966 $293,103,479 $607,140,010
1965 $367,053,117 $564,290,020
1964 $411,419,906 $347,119,918
1963 $598,998,419 $297,324,163
1962 $634,528,872 $269,283,804
1961 $605,581,577 $244,144,237
1960 $545,098,448 $227,223,322

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

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

GDP per capita in Myanmar vs Nicaragua by year

Myanmar
GDP per capita

GDP per capita, PPP
Nicaragua
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Nicaragua
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 $2,848 $8,709
2023 $1,233 $5,953 $2,609 $8,320
2022 $1,158 $5,732 $2,323 $7,797
2021 $1,243 $5,178 $2,138 $7,119
2020 $1,490 $5,741 $1,938 $6,274
2019 $1,426 $6,101 $1,959 $5,981
2018 $1,298 $5,581 $2,035 $5,935
2017 $1,273 $4,706 $2,183 $6,225
2016 $1,229 $4,460 $2,132 $5,882
2015 $1,167 $4,459 $2,074 $5,449
2014 $1,293 $4,376 $1,958 $5,068
2013 $1,199 $4,144 $1,835 $4,711
2012 $1,203 $3,845 $1,785 $4,508
2011 $1,214 $3,579 $1,680 $4,325
2010 $1,011 $3,348 $1,527 $4,042
2009 $758 $3,040 $1,467 $3,880
2008 $658 $2,748 $1,524 $4,044
2007 $419 $2,459 $1,350 $3,891
2006 $303 $2,153 $1,248 $3,658
2005 $252.7 $1,860 $1,183 $3,456
2004 $224.5 $1,601 $1,099 $3,255
2003 $224.3 $1,385 $1,021 $3,046
2002 $146.6 $1,204 $1,014 $2,948
2001 $141.5 $1,069 $1,052 $2,917
2000 $196.6 $949 $1,017 $2,806
1999 $189.5 $825 $980 $2,672
1998 $146 $742 $949 $2,497
1997 $108 $702 $913 $2,418
1996 $141.9 $661 $911 $2,325
1995 $124.1 $618 $892 $2,187
1994 $105.4 $573 $849 $2,064
1993 $76.2 $529 $394 $1,998
1992 $58.9 $494 $411 $2,003
1991 $51.2 $447 $350 $1,995
1990 $53.1 $441 $242.5 $1,979
1989 $51.3 - $249.2 -
1988 $39.9 - $662 -
1987 $41.1 - $992 -
1986 $42.4 - $761 -
1985 $40.4 - $724 -
1984 $36.3 - $861 -
1983 $39.3 - $780 -
1982 $43 - $714 -
1981 $32.8 - $740 -
1980 $31.2 - $659 -
1979 $29.2 - $495 -
1978 $29.3 - $691 -
1977 $27.9 - $744 -
1976 $39.2 - $633 -
1975 $35.2 - $561 -
1974 $41.4 - $557 -
1973 $24.8 - $413 -
1972 $23.3 - $341 -
1971 $21.1 - $331 -
1970 $20.7 - $321 -
1969 $21.5 - $319 -
1968 $21.5 - $304 -
1967 $16.5 - $297.9 -
1966 $11.8 - $284 -
1965 $15.1 - $272.3 -
1964 $17.3 - $172.7 -
1963 $25.8 - $152.5 -
1962 $27.9 - $142.3 -
1961 $27.3 - $132.9 -
1960 $25.1 - $127.5 -

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

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

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $2,848 in Nicaragua, ranking 141/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Nicaragua ranks 138th at $8,709.

Economic indicators

Myanmar Nicaragua
Gross domestic product
$74.1B
2024
$19.7B
2024
GDP rank
85/197
2024
131/197
2024
GDP growth
-0.97%
2023-2024
3.59%
2023-2024
GDP per capita
$1,359
2024
$2,848
2024
GDP per capita rank
165/197
2024
141/197
2024
GDP per capita, PPP
$5,997
2024
$8,709
2024
GDP per capita PPP rank
153/197
2024
138/197
2024
Government debt
$44B
2024
$7.71B
2024
Debt-to-GDP ratio
59.3%
2024
39.1%
2024
Government debt per person
$806
2024
$1,115
2024
Government debt per person rank
150/185
2024
138/185
2024
Average annual personal income after taxes
$1,646
2026
$2,318
2026
Income share by richest 10%
25.5%
2017
37.2%
2014
Income share by poorest 10%
3.8%
2017
2%
2014
Government expenditure, % of GDP
20.7%
2024
27.1%
2024
Consumer prices inflation
8.83%
2018-2019
4.6%
2023-2024
Central bank interest rate n/a
6%
2025
Unemployment rate
1.48%
2020
5.2%
2018
Population
55292116
7124343

Spending and national debt comparison by year

Myanmar
Spending

Debt
Nicaragua
Spending

Debt
1x
Year % of GDP
Myanmar Nicaragua
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 27.1% 39.1%
2023 21.4% 59.1% 26% 42.3%
2022 21.3% 56.1% 28.6% 45.9%
2021 20.9% 63.4% 30% 48.4%
2020 21.3% 49.1% 28.9% 49.2%
2019 20.5% 37.6% 27.7% 44.2%
2018 18.7% 39.9% 27.7% 39.1%
2017 19.7% 41.9% 27.3% 34.7%
2016 21.3% 35.7% 26.8% 30.9%
2015 23.7% 36.6% 25.4% 28.9%
2014 24.7% 34.5% 24.6% 28.7%
2013 23.9% 44.8% 24.2% 28.8%
2012 20% 48% 24.1% 27.9%
2011 15.6% 49.9% 23.5% 28.8%
2010 15.8% 54.4% 22.6% 30.3%
2009 14.4% 56.4% 22.7% 29.3%
2008 14.4% 59.8% 21.9% 26%
2007 15.7% 77.4% 21.5% 30.9%
2006 15.6% 103.1% 21.4% 51.2%
2005 14.6% 119% 21.3% 66.6%
2004 14.6% 126.6% 20.8% 84%
2003 14.3% 146% 20.9% 109.5%
2002 15.3% 190.6% 18.7% 110.4%
2001 19.1% 262% 19.2% 87.5%
2000 21.4% 164.5% 20.6% 95.2%
1999 22.8% 150.7% 22.1% 99.8%
1998 25.2% 208.6% 18.5% 86.5%
1997 - - 17.9% 86.4%
1996 - - 18% -
1995 - - 17.7% -
1994 - - 18.4% -
1993 - - 18.4% -
1992 - - 18.4% -
1991 - - 16.8% -
1990 - - 28.2% -
1989 - - - -
1988 - - 24.8% -
1987 - - - 266.6%
1986 - - 26.1% 159.2%
1985 - - 29.9% 218%
1984 - - 31.9% 198%
1983 - - 33.8% 211.6%
1982 - - 49.4% 159.1%
1981 - - 39.3% 149.1%
1980 - - 30.4% 152.1%
1979 - - 20.7% 116.3%
1978 - - 17.7% 76.9%
1977 - - 19.9% 62.7%
1976 - - 16.2% 59.5%
1975 - - 17.5% 57.8%
1974 - - 15.3% 40%
1973 - - 12.8% 32.9%
1972 - - 15.1% 30.2%
1971 - - 15.1% 31.6%
1970 - - 13.2% 35.4%
1969 - - 11.1% -
1968 - - 10.9% -
1967 - - 12.7% -
1966 - - 12.2% -
1965 - - 10.9% -
1964 - - 10.2% -
1963 - - 10.5% -
1962 - - 10.6% -
1961 - - 9.93% -
1960 - - 11.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while Nicaragua spent $5.34B, or 27.1% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 39.1% in Nicaragua, ranking 81/185 and 136/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Nicaragua
1x
Year Deficit/surplus, % of GDP
Myanmar Nicaragua
2024 -5.06% 2.48%
2023 -5.18% 2.31%
2022 -2.82% 0.65%
2021 -2.47% -1.26%
2020 -6.5% -2.57%
2019 -4.7% -1.12%
2018 -2.77% -4.35%
2017 -3.42% -1.75%
2016 -2.53% -1.92%
2015 -4.33% -1.64%
2014 -1.06% -0.89%
2013 -1.53% -0.3%
2012 -2.7% 0.22%
2011 -4.82% 0.59%
2010 -5.4% 0.69%
2009 -3.55% -0.9%
2008 -2.73% 0.27%
2007 -3.52% 1.88%
2006 -3.42% 1.36%
2005 -3.49% 1.72%
2004 -4.62% 1.69%
2003 -4.24% 1.3%
2002 -4.01% 2.07%
2001 -6.34% 0.34%
2000 -6.03% 2.15%
1999 -4.46% -6.86%
1998 -4.89% -2.88%
1997 - -3.31%
1996 - -5%
1995 - -4.62%
1994 - -5.79%
1993 - -4.66%
1992 - -3.8%
1991 - -3.45%
1990 - -15.2%
1989 - -
1988 - -22.4%
1987 - -
1986 - -7.33%
1985 - -11.3%
1984 - -11.8%
1983 - -15.6%
1982 - -20.2%
1981 - -10.6%
1980 - -6.53%
1979 - -5.89%
1978 - -4.44%
1977 - -5.91%
1976 - -2.2%
1975 - -3.53%
1974 - -1.41%
1973 - 1.21%
1972 - -2.61%
1971 - -2.33%
1970 - -2.69%
1969 - -1.57%
1968 - -1.21%
1967 - -2.11%
1966 - -1.04%
1965 - 0.3%
1964 - 0.2%
1963 - 0.75%
1962 - -0.29%
1961 - 0.04%
1960 - -1.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Myanmar's government deficit, the difference between spending and revenue, was $3.75B, equivalent to 5.06% of GDP. This compares to Nicaragua's surplus of $489M, or 2.48% of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of those years, while Nicaragua ran a deficit in 12 years. On average, Myanmar posted an annual deficit equal to 3.95% of GDP, compared to deficit of 0.25% of GDP for Nicaragua.

Inflation comparison by year

Inflation
Myanmar

Nicaragua
1x
Year Consumer prices inflation
Myanmar Nicaragua
2024 - 4.6%
2023 - 8.4%
2022 - 10.5%
2021 - 4.9%
2020 - 3.7%
2019 8.83% 5.4%
2018 6.87% 4.9%
2017 4.57% 3.9%
2016 6.93% 3.5%
2015 9.45% 4%
2014 4.95% 6%
2013 5.64% 7.1%
2012 1.47% 7.2%
2011 5.02% 8.1%
2010 7.72% 5.5%
2009 1.47% 3.7%
2008 26.8% 19.8%
2007 35% 11.1%
2006 20% 9.1%
2005 9.37% 9.6%
2004 4.53% 8.5%
2003 36.6% 5.3%
2002 57.1% 3.8%
2001 21.1% 7.4%
2000 -0.11% 11.5%
1999 18.4% 11.2%
1998 51.5% 13%
1997 29.7% 9.2%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 7.77% in Nicaragua. In 2019, inflation was 8.83% in Myanmar and 4.6% in Nicaragua.

Top exports between countries

Myanmar
Export category Export value
Textiles & consumer goods $4K
Nicaragua
Export category Export value

Balance of trade

Myanmar Nicaragua
Current account balance
$67.7M
2019
$818M
2024
Current account balance ranking
71/190
2019
55/190
2024
Current account balance, % of GDP
+0.09%
2019
+4.15%
2024
Goods imports
$13.7B
2019
$10.1B
2024
Goods exports
$10.8B
2019
$6.84B
2024
Service imports
$3.66B
2019
$1.31B
2024
Service exports
$6.68B
2019
$1.3B
2024
Imports of goods and services, % of GDP n/a
58.1%
2024
Exports of goods and services, % of GDP
24.3%
2025
40.5%
2024

Economic freedom indices

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

Myanmar Nicaragua
Economic freedom 44.5 53.6
Economic freedom ranking 180/197 139/197
Property rights 5.7 23.8
Government integrity 18.1 13.4
Judicial effectiveness 3.9 8.8
Tax burden 88.6 74.5
Government spending 86.6 77.7
Fiscal health 62.7 96.9
Business freedom 37.9 54.4
Labor freedom 53.2 47.3
Monetary freedom 57.5 69.4
Trade freedom 69.4 67
Investment freedom 30 60
Financial freedom 20 50

Economic freedom comparison by year

Myanmar
Nicaragua
1x
Year Economic freedom index
Myanmar Nicaragua
2026 44.5 53.6
2025 43.7 54
2024 42.2 53.4
2023 46.5 54.9
2022 49.6 54.8
2021 55.2 56.3
2020 54 57.2
2019 53.6 57.7
2018 53.9 58.9
2017 52.5 59.2
2016 48.7 58.6
2015 46.9 57.6
2014 46.5 58.4
2013 39.2 56.6
2012 38.7 57.9
2011 37.8 58.8
2010 36.7 58.3
2009 37.7 59.8
2008 39.5 60.8
2007 41 62.7
2006 40 63.8
2005 40.5 62.5
2004 43.6 61.4
2003 44.9 62.6
2002 45.5 61.1
2001 46.1 58
2000 47.9 56.9
1999 46.4 54
1998 45.7 53.8
1997 45.4 53.3
1996 45.1 54.1
1995 - 42.5

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 53.6 for Nicaragua, ranking 139/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Nicaragua
Services, % of GDP
41.4%
2024
46.8%
2024
Industry, % of GDP
37.8%
2024
27.6%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
14.4%
2024
GNI, Atlas method
$65.9B
2024
$17.4B
2024
GNI per capita, PPP
$5,890
2024
$8,270
2024
Total reserves including gold
$9.34B
2023
$6.1B
2024
Total reserves ranking
81/177
2023
91/177
2024
Net foreign direct investment
-$1.74B
2019
-$1.28B
2024
Net inflows of foreign direct investment
$1.1B
2024
$1.35B
2024
Net outflows of foreign direct investment
$0
2024
$73.8M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
9.74%
2024
Poverty at national poverty lines
24.8%
2017
24.9%
2016
Gross capital formation, % of GDP n/a
24.7%
2024

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/nicaragua | 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 (1997–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2024, retrieved 2026-02-08)

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.