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Economy of Myanmar vs Nigeria compared: GDP & Debt

Updated on by Georank

Myanmar has a GDP of $81.7B compared to $291B for Nigeria, ranking 85/197 and 50/197 by economy size, respectively.

Myanmar has $42.4B in government debt (51.9% of GDP), compared to $103B (35.5% of GDP) in Nigeria.

Myanmar vs Nigeria GDP by year

Myanmar
Nigeria
1x
Year GDP, current $
Myanmar Nigeria
2025 $81,665,773,810 $290,794,361,542
2024 $74,068,349,524 $252,261,880,140
2023 $66,757,619,000 $487,387,801,878
2022 $62,253,049,892 $646,950,257,575
2021 $66,345,291,160 $609,147,716,965
2020 $79,006,113,643 $598,586,817,817
2019 $75,065,106,228 $668,219,992,687
2018 $67,860,515,990 $421,739,251,509
2017 $66,053,040,483 $375,745,731,053
2016 $63,298,361,996 $404,649,125,252
2015 $59,607,290,408 $493,026,682,801
2014 $65,531,374,200 $574,183,763,412
2013 $60,269,732,855 $520,117,180,314
2012 $59,937,796,648 $463,971,018,239
2011 $59,977,326,086 $414,466,676,831
2010 $49,540,813,342 $366,990,417,129
2009 $36,906,181,381 $295,008,835,381
2008 $31,862,554,102 $339,476,276,258
2007 $20,182,477,481 $278,260,846,800
2006 $14,502,553,710 $238,454,997,161
2005 $11,986,972,419 $175,670,569,969
2004 $10,567,354,056 $135,764,731,646
2003 $10,467,109,978 $104,738,954,264
2002 $6,777,632,512 $95,054,059,303
2001 $6,477,790,688 $73,557,840,064
2000 $8,905,066,164 $69,171,451,627
1999 $8,486,832,801 $59,145,077,039
1998 $6,459,461,639 $218,416,200,673
1997 $4,722,288,496 $200,850,397,618
1996 $6,123,556,717 $185,730,236,700
1995 $5,289,174,943 $140,919,776,986
1994 $4,432,257,174 $80,399,613,064
1993 $3,163,020,035 $56,721,051,402
1992 $2,411,552,289 $52,058,181,854
1991 $2,069,832,687 $59,526,833,412
1990 $2,115,193,513 $54,035,795,388
1989 $2,013,448,229 $44,003,061,108
1988 $1,541,088,312 $49,648,470,440
1987 $1,562,448,077 $52,676,041,931
1986 $1,582,873,750 $54,805,852,581
1985 $1,478,908,173 $73,745,821,158
1984 $1,304,063,253 $73,484,359,521
1983 $1,381,573,615 $97,094,911,792
1982 $1,481,165,468 $142,769,363,314
1981 $1,111,000,765 $164,475,209,516
1980 $1,038,225,167 $64,201,788,123
1979 $952,265,043 $47,259,911,894
1978 $935,408,775 $36,527,862,209
1977 $873,579,932 $36,035,407,725
1976 $1,204,699,849 $36,308,883,249
1975 $1,061,107,354 $27,778,934,625
1974 $1,225,589,878 $24,846,641,318
1973 $719,754,655 $15,162,871,287
1972 $662,213,083 $12,274,416,018
1971 $587,448,405 $9,181,769,912
1970 $563,555,631 $12,546,094,982
1969 $571,854,215 $6,634,317,346
1968 $559,956,130 $5,200,997,920
1967 $420,359,036 $5,203,237,919
1966 $293,103,479 $6,366,917,453
1965 $367,053,117 $5,874,537,650
1964 $411,419,906 $5,552,931,319
1963 $598,998,419 $5,165,590,254
1962 $634,528,872 $4,909,399,176
1961 $605,581,577 $4,467,287,893
1960 $545,098,448 $4,196,174,502

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Myanmar vs Nigeria by year

Myanmar
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,489 - $1,224 -
2024 $1,359 $5,997 $1,084 $9,087
2023 $1,233 $5,953 $2,139 $8,705
2022 $1,158 $5,732 $2,899 $8,305
2021 $1,243 $5,178 $2,787 $7,588
2020 $1,490 $5,741 $2,797 $7,415
2019 $1,426 $6,101 $3,190 $7,551
2018 $1,298 $5,581 $2,058 $7,158
2017 $1,273 $4,706 $1,876 $7,037
2016 $1,229 $4,460 $2,070 $7,072
2015 $1,167 $4,459 $2,586 $7,308
2014 $1,293 $4,376 $3,089 $7,396
2013 $1,199 $4,144 $2,873 $7,004
2012 $1,203 $3,845 $2,633 $6,671
2011 $1,214 $3,579 $2,418 $6,585
2010 $1,011 $3,348 $2,202 $6,301
2009 $758 $3,040 $1,820 $5,927
2008 $658 $2,748 $2,154 $5,607
2007 $419 $2,459 $1,816 $5,298
2006 $303 $2,153 $1,600 $4,975
2005 $252.7 $1,860 $1,211 $4,678
2004 $224.5 $1,601 $962 $4,381
2003 $224.3 $1,385 $763 $4,015
2002 $146.6 $1,204 $712 $3,770
2001 $141.5 $1,069 $566 $3,309
2000 $196.6 $949 $547 $3,139
1999 $189.5 $825 $481 $3,002
1998 $146 $742 $1,822 $3,022
1997 $108 $702 $1,720 $2,990
1996 $141.9 $661 $1,633 $2,931
1995 $124.1 $618 $1,272 $2,835
1994 $105.4 $573 $745 $2,853
1993 $76.2 $529 $540 $2,921
1992 $58.9 $494 $509 $2,991
1991 $51.2 $447 $597 $2,870
1990 $53.1 $441 $556 $2,840
1989 $51.3 - $465 -
1988 $39.9 - $540 -
1987 $41.1 - $588 -
1986 $42.4 - $628 -
1985 $40.4 - $869 -
1984 $36.3 - $890 -
1983 $39.3 - $1,207 -
1982 $43 - $1,822 -
1981 $32.8 - $2,162 -
1980 $31.2 - $870 -
1979 $29.2 - $661 -
1978 $29.3 - $527 -
1977 $27.9 - $536 -
1976 $39.2 - $556 -
1975 $35.2 - $438 -
1974 $41.4 - $403 -
1973 $24.8 - $252.4 -
1972 $23.3 - $209.5 -
1971 $21.1 - $160.5 -
1970 $20.7 - $224.5 -
1969 $21.5 - $121.4 -
1968 $21.5 - $97.3 -
1967 $16.5 - $99.5 -
1966 $11.8 - $124.4 -
1965 $15.1 - $117.3 -
1964 $17.3 - $113.3 -
1963 $25.8 - $107.7 -
1962 $27.9 - $104.5 -
1961 $27.3 - $97.1 -
1960 $25.1 - $93.1 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Myanmar's GDP per capita is $1,489, ranking 166/197, compared to $1,224 in Nigeria, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Nigeria ranks 136th at $9,087.

Economic indicators

Myanmar Nigeria
Gross domestic product
$81.7B
2025
$291B
2025
GDP rank
85/197
2025
50/197
2025
GDP growth
-2.01%
2024-2025
4.01%
2024-2025
GDP per capita
$1,489
2025
$1,224
2025
GDP per capita rank
166/197
2025
172/197
2025
GDP per capita, PPP
$5,997
2024
$9,087
2024
GDP per capita PPP rank
153/197
2024
136/197
2024
Government debt
$42.4B
2025
$103B
2025
Debt-to-GDP ratio
51.9%
2025
35.5%
2025
Government debt per person
$773
2025
$434
2025
Government debt per person rank
152/185
2025
170/185
2025
Average annual personal income after taxes
$2,165
2026
$768
2026
Market capitalization of domestic companies n/a
$86.9B
2025
Number of billionaires n/a
4
2026
Income share by richest 10%
25.5%
2017
26.3%
2022
Income share by poorest 10%
3.8%
2017
3%
2022
Government expenditure, % of GDP
25.2%
2025
11.7%
2025
Consumer prices inflation
8.83%
2018-2019
23%
2024-2025
Central bank interest rate n/a
26.5%
2026
Unemployment rate
1.48%
2020
3.45%
2024
Population
55361818
245016045

Spending and national debt comparison by year

Myanmar
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Myanmar Nigeria
Government spending Government debt Government spending Government debt
2025 25.2% 51.9% 11.7% 35.5%
2024 25.8% 50.6% 12% 39.3%
2023 21.4% 53.2% 10.4% 36.3%
2022 21.3% 56% 10.6% 29.8%
2021 20.9% 63.4% 9.09% 26.6%
2020 21.3% 49.1% 8.73% 25.7%
2019 20.5% 37.6% 8.87% 21.4%
2018 18.7% 39.9% 9.1% 20.4%
2017 19.7% 41.9% 8.51% 18%
2016 21.3% 35.7% 6.93% 17.4%
2015 23.7% 36.6% 7.85% 14.9%
2014 24.7% 34.5% 9.49% 15.8%
2013 23.9% 44.8% 10% 13%
2012 20% 48% 10.5% 12.5%
2011 15.6% 49.9% 12.3% 12.4%
2010 15.8% 54.4% 11.8% 6.67%
2009 14.4% 56.4% 11% 6.12%
2008 14.4% 59.8% 10.2% 5.17%
2007 15.7% 77.4% 12.9% 5.76%
2006 15.6% 103.1% 8.75% 6.68%
2005 14.6% 119% 12.6% 13.4%
2004 14.6% 126.6% 13% 25.2%
2003 14.3% 146% 16.5% 29.9%
2002 15.3% 190.6% 13.8% 30.7%
2001 19.1% 262% 21.9% 37.7%
2000 21.4% 164.5% 17.6% 40.9%
1999 22.8% 150.7% 14.9% 46.1%
1998 25.2% 208.6% 11.2% 15.8%
1997 - - 9.68% 17.1%
1996 - - 7.87% 17.9%
1995 - - 8.87% 24.2%
1994 - - 12.1% 39.7%
1993 - - 20% 50.4%
1992 - - 15.9% 49.8%
1991 - - 13.6% 53.2%
1990 - - 14.2% 50.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Myanmar's government spending was $20.6B, accounting for 25.2% of its GDP, while Nigeria spent $34.1B, or 11.7% of GDP.

Debt-to-GDP ratio is 51.9% in Myanmar and 35.5% in Nigeria, ranking 101/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Nigeria
1x
Year Deficit/surplus, % of GDP
Myanmar Nigeria
2025 -4.94% -1.76%
2024 -4.11% -1.27%
2023 -2.76% -3.12%
2022 -2.75% -4%
2021 -2.22% -3.97%
2020 -6.5% -4.03%
2019 -4.7% -3.31%
2018 -2.77% -3.06%
2017 -3.42% -3.85%
2016 -2.53% -3.3%
2015 -4.33% -2.7%
2014 -1.06% -1.72%
2013 -1.53% -1.89%
2012 -2.7% -0.09%
2011 -4.82% 0.31%
2010 -5.4% -2.96%
2009 -3.55% -3.78%
2008 -2.73% 4.05%
2007 -3.52% -0.79%
2006 -3.42% 6.22%
2005 -3.49% 3.49%
2004 -4.62% 3.9%
2003 -4.24% -1.56%
2002 -4.01% 0.95%
2001 -6.34% -2.29%
2000 -6.03% 2.89%
1999 -4.46% -1.39%
1998 -4.89% -3.47%
1997 - 1.14%
1996 - 3.37%
1995 - 2.52%
1994 - -2.96%
1993 - -6.07%
1992 - 0.94%
1991 - -1.18%
1990 - -0.48%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Myanmar's government deficit, the difference between spending and revenue, was $4.04B, equivalent to 4.94% of GDP. This compares to Nigeria's deficit of $5.12B, or 1.76% of GDP.

Over the past 28 years, Myanmar recorded a fiscal deficit in 28 of those years, while Nigeria ran a deficit in 21 years. On average, Myanmar posted an annual deficit equal to 3.85% of GDP, compared to deficit of 1.16% of GDP for Nigeria.

Inflation comparison by year

Inflation
Myanmar

Nigeria
1x
Year Consumer prices inflation
Myanmar Nigeria
2025 - 23%
2024 - 33.2%
2023 - 24.7%
2022 - 18.8%
2021 - 17%
2020 - 13.2%
2019 8.83% 11.4%
2018 6.87% 12.1%
2017 4.57% 16.5%
2016 6.93% 15.7%
2015 9.45% 9.01%
2014 4.95% 8.05%
2013 5.64% 8.5%
2012 1.47% 12.2%
2011 5.02% 10.8%
2010 7.72% 13.7%
2009 1.47% 12.5%
2008 26.8% 11.6%
2007 35% 5.39%
2006 20% 8.23%
2005 9.37% 17.9%
2004 4.53% 15%
2003 36.6% 14%
2002 57.1% 12.9%
2001 21.1% 18.9%
2000 -0.11% 6.93%
1999 18.4% 6.62%
1998 51.5% 10%
1997 29.7% 8.53%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 11.6% in Nigeria. In 2019, inflation was 8.83% in Myanmar and 23% in Nigeria.

Top exports between countries

Myanmar
Export category Export value
Raw agricultural goods $2.7M
Processed food, beverages & tobacco $546K
Textiles & consumer goods $320K
Animal & marine products $36K
Nigeria
Export category Export value
Raw materials & minerals $42.8M
Raw agricultural goods $96K

Balance of trade

Myanmar Nigeria
Current account balance
$67.7M
2019
$14B
2025
Current account balance ranking
66/190
2019
21/190
2025
Current account balance, % of GDP
+0.09%
2019
+4.83%
2025
Goods imports
$13.7B
2019
$43B
2025
Goods exports
$10.8B
2019
$57.5B
2025
Service imports
$3.66B
2019
$19.6B
2025
Service exports
$6.68B
2019
$5.06B
2025
Imports of goods and services, % of GDP n/a
16.9%
1960
Exports of goods and services, % of GDP
24.3%
2026
9.24%
1960

Economic freedom indices

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

Myanmar Nigeria
Economic freedom 44.5 54.8
Economic freedom ranking 180/197 132/197
Property rights 5.7 29.7
Government integrity 18.1 23.5
Judicial effectiveness 3.9 34.4
Tax burden 88.6 84.6
Government spending 86.6 96.3
Fiscal health 62.7 83.5
Business freedom 37.9 50.3
Labor freedom 53.2 75.4
Monetary freedom 57.5 56.1
Trade freedom 69.4 64.4
Investment freedom 30 30
Financial freedom 20 30

Economic freedom comparison by year

Myanmar
Nigeria
1x
Year Economic freedom index
Myanmar Nigeria
2026 44.5 54.8
2025 43.7 53.4
2024 42.2 53.1
2023 46.5 53.9
2022 49.6 54.4
2021 55.2 58.7
2020 54 57.2
2019 53.6 57.3
2018 53.9 58.5
2017 52.5 57.1
2016 48.7 57.5
2015 46.9 55.6
2014 46.5 54.3
2013 39.2 55.1
2012 38.7 56.3
2011 37.8 56.7
2010 36.7 56.8
2009 37.7 55.1
2008 39.5 55.1
2007 41 55.6
2006 40 48.7
2005 40.5 48.4
2004 43.6 49.2
2003 44.9 49.5
2002 45.5 50.9
2001 46.1 49.6
2000 47.9 53.1
1999 46.4 55.7
1998 45.7 52.3
1997 45.4 52.8
1996 45.1 47.4
1995 - 47.3

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Nigeria
Services, % of GDP
38.5%
2025
58.2%
2025
Industry, % of GDP
36.2%
2025
16.4%
2025
Agriculture, forestry, and fishing, % of GDP
25.3%
2025
23%
2025
GNI, Atlas method
$72.3B
2025
$324B
2025
GNI per capita, PPP
$5,890
2025
$9,230
2025
Total reserves including gold
$9.34B
2023
$46B
2025
Total reserves ranking
85/177
2023
52/177
2025
Net foreign direct investment
-$1.74B
2019
-$2.82B
2025
Net inflows of foreign direct investment
$1.1B
2024
$1.61B
2024
Net outflows of foreign direct investment
$0
2024
$408M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
5.46%
2024
Poverty at national poverty lines
24.8%
2017
56.2%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.