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Economy of Myanmar vs Oman compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $107B for Oman, ranking 85/197 and 70/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $38B (35.5% of GDP) in Oman.

Myanmar vs Oman GDP by year

Myanmar
Oman
1x
Year GDP, current $
Myanmar Oman
2024 $74,068,349,524 $107,137,198,769
2023 $66,757,619,000 $106,174,708,037
2022 $62,253,049,903 $109,852,795,839
2021 $66,345,291,149 $87,323,797,139
2020 $79,006,113,670 $75,909,492,848
2019 $75,065,106,243 $88,060,858,257
2018 $67,860,515,993 $91,505,851,756
2017 $66,053,040,475 $80,856,697,009
2016 $63,298,361,984 $75,128,738,622
2015 $59,607,290,408 $78,710,793,238
2014 $65,531,374,210 $92,699,089,727
2013 $60,269,732,855 $89,936,020,806
2012 $59,937,796,648 $87,408,842,653
2011 $59,977,326,086 $77,497,529,259
2010 $49,540,813,342 $64,993,498,049
2009 $36,906,181,381 $55,454,096,229
2008 $31,862,554,102 $69,804,681,404
2007 $20,182,477,481 $48,300,390,117
2006 $14,502,553,710 $42,577,633,290
2005 $11,986,972,419 $35,506,892,068
2004 $10,567,354,056 $28,378,933,680
2003 $10,467,109,978 $24,733,680,104
2002 $6,777,632,512 $23,065,539,662
2001 $6,477,790,688 $22,205,721,717
2000 $8,905,066,164 $22,259,557,867
1999 $8,486,832,801 $17,832,769,831
1998 $6,459,461,639 $16,044,213,264
1997 $4,722,288,496 $18,039,791,938
1996 $6,123,556,717 $17,402,080,624
1995 $5,289,174,943 $15,722,236,671
1994 $4,432,257,174 $14,715,214,564
1993 $3,163,020,035 $14,230,429,129
1992 $2,411,552,289 $14,183,615,085
1991 $2,069,832,687 $12,918,335,501
1990 $2,115,193,513 $13,310,273,082
1989 $2,013,448,229 $9,372,171,651
1988 $1,541,088,312 $8,386,215,865
1987 $1,562,448,077 $7,811,183,095
1986 $1,582,873,750 $7,324,167,369
1985 $1,478,908,173 $10,005,645,420
1984 $1,304,063,253 $8,821,443,151
1983 $1,381,573,615 $7,932,541,691
1982 $1,481,165,468 $7,554,719,456
1981 $1,111,000,765 $7,259,120,151
1980 $1,038,225,167 $5,981,760,278
1979 $952,265,043 $3,733,352,635
1978 $935,408,775 $2,740,301,390
1977 $873,579,932 $2,741,169,948
1976 $1,204,699,849 $2,560,220,035
1975 $1,061,107,354 $2,096,699,189
1974 $1,225,589,878 $1,645,917,776
1973 $719,754,655 $483,066,991
1972 $662,213,083 $366,883,548
1971 $587,448,405 $301,010,587
1970 $563,555,631 $256,319,795
1969 $571,854,215 $239,999,808
1968 $559,956,130 $188,879,849
1967 $420,359,036 $107,151,832
1966 $293,103,479 $67,759,973
1965 $367,053,117 $63,279,975
1964 $411,419,906 $61,872,526
1963 $598,998,419 $59,912,763
1962 $634,528,872 $56,273,202
1961 $605,581,577 $45,634,487
1960 $545,098,448 $44,234,656

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

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

GDP per capita in Myanmar vs Oman by year

Myanmar
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 $20,285 $41,740
2023 $1,233 $5,953 $21,028 $41,945
2022 $1,158 $5,732 $23,224 $42,616
2021 $1,243 $5,178 $19,403 $38,719
2020 $1,490 $5,741 $16,785 $35,163
2019 $1,426 $6,101 $19,180 $37,251
2018 $1,298 $5,581 $19,902 $37,780
2017 $1,273 $4,706 $17,820 $33,619
2016 $1,229 $4,460 $17,110 $33,334
2015 $1,167 $4,459 $18,808 $36,058
2014 $1,293 $4,376 $23,161 $44,236
2013 $1,199 $4,144 $23,458 $47,013
2012 $1,203 $3,845 $24,642 $49,989
2011 $1,214 $3,579 $25,188 $52,393
2010 $1,011 $3,348 $23,570 $55,667
2009 $758 $3,040 $20,656 $55,127
2008 $658 $2,748 $26,577 $52,841
2007 $419 $2,459 $18,793 $48,627
2006 $303 $2,153 $16,931 $46,091
2005 $252.7 $1,860 $14,435 $43,673
2004 $224.5 $1,601 $11,801 $42,142
2003 $224.3 $1,385 $10,464 $40,935
2002 $146.6 $1,204 $9,869 $41,511
2001 $141.5 $1,069 $9,612 $41,679
2000 $196.6 $949 $9,754 $39,443
1999 $189.5 $825 $7,915 $36,792
1998 $146 $742 $7,219 $36,666
1997 $108 $702 $8,235 $36,809
1996 $141.9 $661 $8,068 $34,661
1995 $124.1 $618 $7,414 $33,598
1994 $105.4 $573 $7,068 $31,925
1993 $76.2 $529 $7,039 $30,987
1992 $58.9 $494 $7,318 $29,773
1991 $51.2 $447 $6,977 $28,109
1990 $53.1 $441 $7,546 $26,904
1989 $51.3 - $5,591 -
1988 $39.9 - $5,279 -
1987 $41.1 - $5,204 -
1986 $42.4 - $5,182 -
1985 $40.4 - $7,549 -
1984 $36.3 - $7,070 -
1983 $39.3 - $6,714 -
1982 $43 - $6,759 -
1981 $32.8 - $6,866 -
1980 $31.2 - $5,974 -
1979 $29.2 - $3,934 -
1978 $29.3 - $3,044 -
1977 $27.9 - $3,205 -
1976 $39.2 - $3,143 -
1975 $35.2 - $2,692 -
1974 $41.4 - $2,203 -
1973 $24.8 - $670 -
1972 $23.3 - $524 -
1971 $21.1 - $442 -
1970 $20.7 - $387 -
1969 $21.5 - $372 -
1968 $21.5 - $300 -
1967 $16.5 - $174.7 -
1966 $11.8 - $113.2 -
1965 $15.1 - $108.1 -
1964 $17.3 - $108.1 -
1963 $25.8 - $106.8 -
1962 $27.9 - $102.3 -
1961 $27.3 - $84.5 -
1960 $25.1 - $83.4 -

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

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

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Oman ranks 55th at $41,740.

Economic indicators

Myanmar Oman
Gross domestic product
$74.1B
2024
$107B
2024
GDP rank
85/197
2024
70/197
2024
GDP growth
-0.97%
2023-2024
1.63%
2023-2024
GDP per capita
$1,359
2024
$20,285
2024
GDP per capita rank
165/197
2024
57/197
2024
GDP per capita, PPP
$5,997
2024
$41,740
2024
GDP per capita PPP rank
153/197
2024
55/197
2024
Government debt
$44B
2024
$38B
2024
Debt-to-GDP ratio
59.3%
2024
35.5%
2024
Government debt per person
$806
2024
$7,204
2024
Government debt per person rank
150/185
2024
67/185
2024
Average annual personal income after taxes
$1,646
2026
$20,894
2026
Market capitalization of domestic companies n/a
$22.3B
2022
Number of billionaires n/a
2
2025
Income share by richest 10%
25.5%
2017
n/a
Income share by poorest 10%
3.8%
2017
n/a
Government expenditure, % of GDP
20.7%
2024
28.7%
2024
Consumer prices inflation
8.83%
2018-2019
0.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
1.48%
2020
3.3%
2024
Population
55292116
5761708

Spending and national debt comparison by year

Myanmar
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Myanmar Oman
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 28.7% 35.5%
2023 21.4% 59.1% 27.5% 37.5%
2022 21.3% 56.1% 30.9% 41.7%
2021 20.9% 63.4% 36.5% 61.9%
2020 21.3% 49.1% 44.5% 67.9%
2019 20.5% 37.6% 38.8% 52.5%
2018 18.7% 39.9% 38.3% 44.7%
2017 19.7% 41.9% 39.4% 40.1%
2016 21.3% 35.7% 44.6% 29.3%
2015 23.7% 36.6% 44.5% 13.9%
2014 24.7% 34.5% 41.4% 4.04%
2013 23.9% 44.8% 39.3% 4.66%
2012 20% 48% 38.6% 4.59%
2011 15.6% 49.9% 34.5% 4.44%
2010 15.8% 54.4% 30.6% 5.46%
2009 14.4% 56.4% 33.4% 5.8%
2008 14.4% 59.8% 25.6% 3.2%
2007 15.7% 77.4% 30.7% 4.44%
2006 15.6% 103.1% 30.1% 7.56%
2005 14.6% 119% 30.6% 8.39%
2004 14.6% 126.6% 34.1% 14.5%
2003 14.3% 146% 34% 13%
2002 15.3% 190.6% 34.1% 15.9%
2001 19.1% 262% 33.3% 22.5%
2000 21.4% 164.5% 31.2% 21.7%
1999 22.8% 150.7% 34.2% 28.9%
1998 25.2% 208.6% 36.1% 30.9%
1997 - - 32.1% 20.8%
1996 - - 33.5% 21.2%
1995 - - 38.2% 21.9%
1994 - - 39.7% 23.6%
1993 - - 40.1% 22.2%
1992 - - 40.1% 23.1%
1991 - - 37.4% 22.6%
1990 - - 36.5% 17.8%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 35.5% in Oman, ranking 81/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Oman
1x
Year Deficit/surplus, % of GDP
Myanmar Oman
2024 -5.06% 3.31%
2023 -5.18% 6.87%
2022 -2.82% 10.5%
2021 -2.47% -3.17%
2020 -6.5% -15.7%
2019 -4.7% -4.83%
2018 -2.77% -6.72%
2017 -3.42% -10.5%
2016 -2.53% -19.6%
2015 -4.33% -13.5%
2014 -1.06% -1.58%
2013 -1.53% 2.78%
2012 -2.7% 4.07%
2011 -4.82% 8.24%
2010 -5.4% 4.95%
2009 -3.55% -0.27%
2008 -2.73% 14.7%
2007 -3.52% 10.5%
2006 -3.42% 12.2%
2005 -3.49% 11.2%
2004 -4.62% 5.43%
2003 -4.24% 5.92%
2002 -4.01% 5.31%
2001 -6.34% 7.55%
2000 -6.03% 12.2%
1999 -4.46% 0.3%
1998 -4.89% -4.37%
1997 - 4.77%
1996 - 2.22%
1995 - -3.9%
1994 - -7.47%
1993 - -6.84%
1992 - -4.85%
1991 - 0.12%
1990 - 4.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/myanmar/oman | 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 Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of those years, while Oman ran a deficit in 10 years. On average, Myanmar posted an annual deficit equal to 3.95% of GDP, compared to surplus of 1.7% of GDP for Oman.

Inflation comparison by year

Inflation
Myanmar

Oman
1x
Year Consumer prices inflation
Myanmar Oman
2024 - 0.6%
2023 - 1%
2022 - 2.5%
2021 - 1.7%
2020 - -0.4%
2019 8.83% 0.5%
2018 6.87% 0.7%
2017 4.57% 1.5%
2016 6.93% 0.9%
2015 9.45% 0.1%
2014 4.95% 1.2%
2013 5.64% 1.3%
2012 1.47% 2.9%
2011 5.02% 4.1%
2010 7.72% 3.3%
2009 1.47% 3.5%
2008 26.8% 12.6%
2007 35% 5.9%
2006 20% 3.2%
2005 9.37% 1.9%
2004 4.53% 0.8%
2003 36.6% 0.2%
2002 57.1% -0.3%
2001 21.1% -0.8%
2000 -0.11% -1.2%
1999 18.4% 0.5%
1998 51.5% 0.4%
1997 29.7% -0.4%

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/oman | CC BY

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 1.86% in Oman. In 2019, inflation was 8.83% in Myanmar and 0.6% in Oman.

Top exports between countries

Myanmar
Export category Export value
Animal & marine products $6.91M
Textiles & consumer goods $335K
Wood & paper products $64K
Raw agricultural goods $46K
Chemicals & pharma $22K
Processed food, beverages & tobacco $2K
Miscellaneous $1K
Oman
Export category Export value
Raw materials & minerals $31.9M
Chemicals & pharma $3.76M
Processed food, beverages & tobacco $2.98M
Animal & marine products $237K
Machinery & equipment $123K
Textiles & consumer goods $8K
Miscellaneous $1K

Balance of trade

Myanmar Oman
Current account balance
$67.7M
2019
$3.07B
2024
Current account balance ranking
71/190
2019
39/190
2024
Current account balance, % of GDP
+0.09%
2019
+2.86%
2024
Goods imports
$13.7B
2019
$39.5B
2024
Goods exports
$10.8B
2019
$65.2B
2024
Service imports
$3.66B
2019
$12.8B
2024
Service exports
$6.68B
2019
$5.64B
2024
Imports of goods and services, % of GDP n/a
48.8%
2024
Exports of goods and services, % of GDP
24.3%
2025
66.1%
2024

Economic freedom indices

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

Myanmar Oman
Economic freedom 44.5 68.5
Economic freedom ranking 180/197 45/197
Property rights 5.7 71.8
Government integrity 18.1 49.4
Judicial effectiveness 3.9 28
Tax burden 88.6 97.6
Government spending 86.6 74.7
Fiscal health 62.7 97.5
Business freedom 37.9 67.8
Labor freedom 53.2 47.7
Monetary freedom 57.5 79.2
Trade freedom 69.4 78.4
Investment freedom 30 70
Financial freedom 20 60

Economic freedom comparison by year

Myanmar
Oman
1x
Year Economic freedom index
Myanmar Oman
2026 44.5 68.5
2025 43.7 65.4
2024 42.2 62.9
2023 46.5 58.5
2022 49.6 56.6
2021 55.2 64.6
2020 54 63.6
2019 53.6 61
2018 53.9 61
2017 52.5 62.1
2016 48.7 67.1
2015 46.9 66.7
2014 46.5 67.4
2013 39.2 68.1
2012 38.7 67.9
2011 37.8 69.8
2010 36.7 67.7
2009 37.7 67
2008 39.5 67.3
2007 41 65.8
2006 40 63.7
2005 40.5 66.5
2004 43.6 66.9
2003 44.9 64.6
2002 45.5 64
2001 46.1 67.7
2000 47.9 64.1
1999 46.4 64.9
1998 45.7 64.9
1997 45.4 64.5
1996 45.1 65.4
1995 - 70.2

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Oman
Services, % of GDP
41.4%
2024
46%
2024
Industry, % of GDP
37.8%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
2.6%
2024
GNI, Atlas method
$65.9B
2024
$103B
2024
GNI per capita, PPP
$5,890
2024
$39,340
2024
Total reserves including gold
$9.34B
2023
$18.3B
2024
Total reserves ranking
81/177
2023
64/177
2024
Net foreign direct investment
-$1.74B
2019
-$12.6B
2024
Net inflows of foreign direct investment
$1.1B
2024
$12.5B
2024
Net outflows of foreign direct investment
$0
2024
-$143M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
n/a
Poverty at national poverty lines
24.8%
2017
n/a
Gross capital formation, % of GDP n/a
24.8%
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).

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

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.