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Economy of Myanmar vs Panama compared: GDP & Debt

Updated on by Georank

Myanmar has a GDP of $81.7B compared to $90.5B for Panama, ranking 85/197 and 82/197 by economy size, respectively.

Myanmar has $42.4B in government debt (51.9% of GDP), compared to $51.2B (56.6% of GDP) in Panama.

Myanmar vs Panama GDP by year

Myanmar
Panama
1x
Year GDP, current $
Myanmar Panama
2025 $81,665,773,810 $90,462,600,000
2024 $74,068,349,524 $86,523,959,100
2023 $66,757,619,000 $83,812,155,200
2022 $62,253,049,892 $76,479,304,500
2021 $66,345,291,160 $67,396,392,500
2020 $79,006,113,643 $57,059,846,500
2019 $75,065,106,228 $69,778,991,200
2018 $67,860,515,990 $67,316,471,200
2017 $66,053,040,483 $64,327,688,800
2016 $63,298,361,996 $59,760,858,700
2015 $59,607,290,408 $55,767,806,100
2014 $65,531,374,200 $51,427,104,900
2013 $60,269,732,855 $46,949,496,500
2012 $59,937,796,648 $41,595,439,700
2011 $59,977,326,086 $35,687,738,300
2010 $49,540,813,342 $30,231,009,500
2009 $36,906,181,381 $27,791,215,500
2008 $31,862,554,102 $25,721,328,000
2007 $20,182,477,481 $21,717,433,800
2006 $14,502,553,710 $18,659,721,500
2005 $11,986,972,419 $16,623,906,700
2004 $10,567,354,056 $15,100,203,400
2003 $10,467,109,978 $13,603,456,000
2002 $6,777,632,512 $12,800,851,300
2001 $6,477,790,688 $12,252,906,300
2000 $8,905,066,164 $11,966,497,000
1999 $8,486,832,801 $11,660,704,800
1998 $6,459,461,639 $11,019,557,700
1997 $4,722,288,496 $10,058,854,400
1996 $6,123,556,717 $9,197,503,300
1995 $5,289,174,943 $9,573,813,700
1994 $4,432,257,174 $9,365,289,800
1993 $3,163,020,035 $8,782,585,400
1992 $2,411,552,289 $8,042,337,700
1991 $2,069,832,687 $7,074,675,500
1990 $2,115,193,513 $6,433,967,000
1989 $2,013,448,229 $5,918,469,800
1988 $1,541,088,312 $5,902,783,400
1987 $1,562,448,077 $6,827,665,300
1986 $1,582,873,750 $6,797,834,200
1985 $1,478,908,173 $6,541,517,100
1984 $1,304,063,253 $6,183,387,100
1983 $1,381,573,615 $5,923,755,900
1982 $1,481,165,468 $5,769,767,900
1981 $1,111,000,765 $5,222,421,500
1980 $1,038,225,167 $4,614,086,400
1979 $952,265,043 $3,704,551,600
1978 $935,408,775 $3,244,558,600
1977 $873,579,932 $2,738,261,900
1976 $1,204,699,849 $2,588,106,000
1975 $1,061,107,354 $2,435,304,100
1974 $1,225,589,878 $2,188,307,600
1973 $719,754,655 $1,913,793,400
1972 $662,213,083 $1,673,411,700
1971 $587,448,405 $1,523,917,200
1970 $563,555,631 $1,351,006,400
1969 $571,854,215 $1,221,305,700
1968 $559,956,130 $1,112,791,100
1967 $420,359,036 $1,034,376,400
1966 $293,103,479 $928,833,000
1965 $367,053,117 $852,485,300
1964 $411,419,906 $776,137,500
1963 $598,998,419 $722,784,500
1962 $634,528,872 $652,120,900
1961 $605,581,577 $599,026,300
1960 $545,098,448 $537,147,100

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

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

GDP per capita in Myanmar vs Panama by year

Myanmar
GDP per capita

GDP per capita, PPP
Panama
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Panama
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,489 - $19,790 -
2024 $1,359 $5,997 $19,161 $41,369
2023 $1,233 $5,953 $18,797 $39,813
2022 $1,158 $5,732 $17,379 $36,333
2021 $1,243 $5,178 $15,510 $30,933
2020 $1,490 $5,741 $13,291 $27,017
2019 $1,426 $6,101 $16,478 $33,240
2018 $1,298 $5,581 $16,151 $32,464
2017 $1,273 $4,706 $15,695 $33,533
2016 $1,229 $4,460 $14,832 $30,277
2015 $1,167 $4,459 $14,083 $27,245
2014 $1,293 $4,376 $13,213 $24,376
2013 $1,199 $4,144 $12,273 $21,924
2012 $1,203 $3,845 $11,065 $19,473
2011 $1,214 $3,579 $9,662 $17,474
2010 $1,011 $3,348 $8,331 $15,573
2009 $758 $3,040 $7,797 $14,766
2008 $658 $2,748 $7,348 $14,705
2007 $419 $2,459 $6,318 $13,333
2006 $303 $2,153 $5,529 $11,685
2005 $252.7 $1,860 $5,018 $10,511
2004 $224.5 $1,601 $4,645 $9,592
2003 $224.3 $1,385 $4,265 $8,801
2002 $146.6 $1,204 $4,091 $8,370
2001 $141.5 $1,069 $3,992 $8,197
2000 $196.6 $949 $3,975 $8,097
1999 $189.5 $825 $3,950 $7,749
1998 $146 $742 $3,808 $7,408
1997 $108 $702 $3,546 $6,895
1996 $141.9 $661 $3,308 $6,421
1995 $124.1 $618 $3,514 $6,182
1994 $105.4 $573 $3,508 $6,073
1993 $76.2 $529 $3,358 $5,902
1992 $58.9 $494 $3,140 $5,582
1991 $51.2 $447 $2,821 $5,150
1990 $53.1 $441 $2,620 $4,651
1989 $51.3 - $2,462 -
1988 $39.9 - $2,509 -
1987 $41.1 - $2,966 -
1986 $42.4 - $3,019 -
1985 $40.4 - $2,972 -
1984 $36.3 - $2,875 -
1983 $39.3 - $2,819 -
1982 $43 - $2,811 -
1981 $32.8 - $2,605 -
1980 $31.2 - $2,357 -
1979 $29.2 - $1,938 -
1978 $29.3 - $1,738 -
1977 $27.9 - $1,503 -
1976 $39.2 - $1,457 -
1975 $35.2 - $1,406 -
1974 $41.4 - $1,296 -
1973 $24.8 - $1,164 -
1972 $23.3 - $1,046 -
1971 $21.1 - $979 -
1970 $20.7 - $893 -
1969 $21.5 - $830 -
1968 $21.5 - $778 -
1967 $16.5 - $745 -
1966 $11.8 - $689 -
1965 $15.1 - $651 -
1964 $17.3 - $611 -
1963 $25.8 - $587 -
1962 $27.9 - $546 -
1961 $27.3 - $516 -
1960 $25.1 - $477 -

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

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

Myanmar's GDP per capita is $1,489, ranking 166/197, compared to $19,790 in Panama, ranking 62/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Panama ranks 56th at $41,369.

Economic indicators

Myanmar Panama
Gross domestic product
$81.7B
2025
$90.5B
2025
GDP rank
85/197
2025
82/197
2025
GDP growth
-2.01%
2024-2025
4.35%
2024-2025
GDP per capita
$1,489
2025
$19,790
2025
GDP per capita rank
166/197
2025
62/197
2025
GDP per capita, PPP
$5,997
2024
$41,369
2024
GDP per capita PPP rank
153/197
2024
56/197
2024
Government debt
$42.4B
2025
$51.2B
2025
Debt-to-GDP ratio
51.9%
2025
56.6%
2025
Government debt per person
$773
2025
$11,198
2025
Government debt per person rank
152/185
2025
56/185
2025
Average annual personal income after taxes
$2,165
2026
$11,056
2026
Market capitalization of domestic companies n/a
$27.2B
2025
Income share by richest 10%
25.5%
2017
37.6%
2024
Income share by poorest 10%
3.8%
2017
1.2%
2024
Government expenditure, % of GDP
25.2%
2025
20.9%
2025
Consumer prices inflation
8.83%
2018-2019
-0.19%
2024-2025
Unemployment rate
1.48%
2020
8.31%
2025
Population
55361818
4654479

Spending and national debt comparison by year

Myanmar
Spending

Debt
Panama
Spending

Debt
1x
Year % of GDP
Myanmar Panama
Government spending Government debt Government spending Government debt
2025 25.2% 51.9% 20.9% 56.6%
2024 25.8% 50.6% 23.1% 57.8%
2023 21.4% 53.2% 21.4% 54.4%
2022 21.3% 56% 21.3% 56.2%
2021 20.9% 63.4% 23.7% 58%
2020 21.3% 49.1% 27% 62.4%
2019 20.5% 37.6% 20.5% 42.5%
2018 18.7% 39.9% 21.7% 36.3%
2017 19.7% 41.9% 21.1% 34.3%
2016 21.3% 35.7% 21.3% 34%
2015 23.7% 36.6% 21.4% 34.1%
2014 24.7% 34.5% 22.9% 32.9%
2013 23.9% 44.8% 23.6% 30.8%
2012 20% 48% 23% 31.3%
2011 15.6% 49.9% 23.7% 35.9%
2010 15.8% 54.4% 24.4% 38.5%
2009 14.4% 56.4% 22.9% 39.5%
2008 14.4% 59.8% 23% 40.6%
2007 15.7% 77.4% 22.2% 48.2%
2006 15.6% 103.1% 22.4% 56.1%
2005 14.6% 119% 23.2% 61.5%
2004 14.6% 126.6% 24.4% 61.5%
2003 14.3% 146% 25.7% 59.9%
2002 15.3% 190.6% 25.1% 60.9%
2001 19.1% 262% 25.2% 62.1%
2000 21.4% 164.5% 24.7% 58%
1999 22.8% 150.7% 25.2% 60.4%
1998 25.2% 208.6% 25.9% 64.3%
1997 - - 24.8% 67.3%
1996 - - 24.3% 73.6%
1995 - - 29.3% 86.7%
1994 - - 28.5% 88.7%
1993 - - 33.8% 83.6%
1992 - - 27.8% 91.2%
1991 - - 20.9% 103.7%
1990 - - 41.5% 112.7%
1989 - - 43% 104.4%
1988 - - 41.8% 105%
1987 - - 40.1% 92.2%
1986 - - 38.6% 84%
1985 - - 39.7% 82.5%
1984 - - 44% 82.5%
1983 - - 44.6% 86.6%
1982 - - 48% 80.9%
1981 - - 30.7% 68.7%
1980 - - 30.5% 69.4%
1979 - - 35% 78.9%
1978 - - 27.6% 83.1%
1977 - - 16.9% 77.7%
1976 - - 15.9% 69.7%
1975 - - 15.3% 52.6%
1974 - - 15.3% 37.6%
1973 - - 14.4% 32.6%
1972 - - 15.6% 29.5%
1971 - - 15% 26.2%
1970 - - 22.4% 25.7%
1969 - - 20.5% 23.2%
1968 - - 14.2% 18%
1967 - - 14.9% 17.8%
1966 - - 14% 17.9%
1965 - - 13.2% 18.7%
1964 - - 14.1% 20%
1963 - - 19.1% 22.6%
1962 - - 16.4% 19.8%
1961 - - 18.9% 20.5%
1960 - - 16.6% 21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1993, retrieved 2026-07-08).

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

In 2025, Myanmar's government spending was $20.6B, accounting for 25.2% of its GDP, while Panama spent $18.9B, or 20.9% of GDP.

Debt-to-GDP ratio is 51.9% in Myanmar and 56.6% in Panama, ranking 101/185 and 84/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Panama
1x
Year Deficit/surplus, % of GDP
Myanmar Panama
2025 -4.94% -3.67%
2024 -4.11% -6.23%
2023 -2.76% -3.9%
2022 -2.75% -3.98%
2021 -2.22% -6.45%
2020 -6.5% -9.68%
2019 -4.7% -2.74%
2018 -2.77% -2.76%
2017 -3.42% -1.8%
2016 -2.53% -1.76%
2015 -4.33% -2.17%
2014 -1.06% -3.04%
2013 -1.53% -2.4%
2012 -2.7% -1.32%
2011 -4.82% -1.97%
2010 -5.4% -1.69%
2009 -3.55% -0.91%
2008 -2.73% 0.38%
2007 -3.52% 3.17%
2006 -3.42% 0.53%
2005 -3.49% -2.29%
2004 -4.62% -4.54%
2003 -4.24% -2.41%
2002 -4.01% -1.03%
2001 -6.34% -0.45%
2000 -6.03% 2.22%
1999 -4.46% -0.71%
1998 -4.89% -1.23%
1997 - 1.39%
1996 - 2.81%
1995 - 2.61%
1994 - 2.4%
1993 - -9.4%
1992 - -2.62%
1991 - -0.6%
1990 - -3.65%
1989 - -13.6%
1988 - -13.5%
1987 - -1.7%
1986 - -1%
1985 - -2.57%
1984 - -7.56%
1983 - -7.62%
1982 - -13.3%
1981 - -6.77%
1980 - -5.17%
1979 - -12.1%
1978 - -5.21%
1977 - -1.61%
1976 - -2.65%
1975 - -0.74%
1974 - -0.6%
1973 - -0.01%
1972 - -1.17%
1971 - -0.51%
1970 - -8.02%
1969 - -7.56%
1968 - -1.5%
1967 - -1.97%
1966 - -1.18%
1965 - -1.17%
1964 - -2.51%
1963 - -6.71%
1962 - -3.01%
1961 - -5.45%
1960 - -3.05%
1959 - -3.79%
1958 - -1.62%
1957 - -0.89%
1956 - -3.69%
1955 - -1.33%
1954 - -0.2%
1953 - -0.55%
1952 - -3.84%
1951 - -2.54%
1950 - -3.89%
1949 - -1%
1948 - -1.21%
1947 - -1.94%
1946 - -3.19%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1994–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1993, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/panama | 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 Panama's deficit of $3.32B, or 3.67% of GDP.

Over the past 28 years, Myanmar recorded a fiscal deficit in 28 of those years, while Panama ran a deficit in 24 years. On average, Myanmar posted an annual deficit equal to 3.85% of GDP, compared to deficit of 2.24% of GDP for Panama.

Inflation comparison by year

Inflation
Myanmar

Panama
1x
Year Consumer prices inflation
Myanmar Panama
2025 - -0.19%
2024 - 0.69%
2023 - 1.49%
2022 - 2.86%
2021 - 1.63%
2020 - -1.55%
2019 8.83% -0.36%
2018 6.87% 0.76%
2017 4.57% 0.88%
2016 6.93% 0.74%
2015 9.45% 0.14%
2014 4.95% 2.63%
2013 5.64% 4.03%
2012 1.47% 5.7%
2011 5.02% 5.88%
2010 7.72% 3.49%
2009 1.47% 2.41%
2008 26.8% 8.76%
2007 35% 4.17%
2006 20% 2.46%
2005 9.37% 2.86%
2004 4.53% 0.47%
2003 36.6% 0.39%
2002 57.1% 1.01%
2001 21.1% 0.31%
2000 -0.11% 1.5%
1999 18.4% 1.25%
1998 51.5% 0.56%
1997 29.7% 1.32%

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

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 2.23% in Panama. In 2019, inflation was 8.83% in Myanmar and -0.19% in Panama.

Top exports between countries

Myanmar
Export category Export value
Textiles & consumer goods $3.59M
Raw agricultural goods $1K
Panama
Export category Export value
Animal & marine products $101K
Machinery & equipment $3K
Raw agricultural goods $1K

Balance of trade

Myanmar Panama
Current account balance
$67.7M
2019
-$169M
2025
Current account balance ranking
66/190
2019
91/190
2025
Current account balance, % of GDP
+0.09%
2019
-0.19%
2025
Goods imports
$13.7B
2019
$28.2B
2025
Goods exports
$10.8B
2019
$18.6B
2025
Service imports
$3.66B
2019
$5.91B
2025
Service exports
$6.68B
2019
$20.2B
2025
Imports of goods and services, % of GDP n/a
39.3%
2024
Exports of goods and services, % of GDP
24.3%
2026
44.4%
2024

Economic freedom indices

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

Myanmar Panama
Economic freedom 44.5 64.9
Economic freedom ranking 180/197 70/197
Property rights 5.7 56.7
Government integrity 18.1 37.4
Judicial effectiveness 3.9 49.6
Tax burden 88.6 86.1
Government spending 86.6 85.5
Fiscal health 62.7 51.8
Business freedom 37.9 72.6
Labor freedom 53.2 60.9
Monetary freedom 57.5 78.2
Trade freedom 69.4 80.2
Investment freedom 30 60
Financial freedom 20 60

Economic freedom comparison by year

Myanmar
Panama
1x
Year Economic freedom index
Myanmar Panama
2026 44.5 64.9
2025 43.7 65.5
2024 42.2 64.1
2023 46.5 63.8
2022 49.6 65.4
2021 55.2 66.2
2020 54 67.2
2019 53.6 67.2
2018 53.9 67
2017 52.5 66.3
2016 48.7 64.8
2015 46.9 64.1
2014 46.5 63.4
2013 39.2 62.5
2012 38.7 65.2
2011 37.8 64.9
2010 36.7 64.8
2009 37.7 64.7
2008 39.5 64.7
2007 41 64.6
2006 40 65.6
2005 40.5 64.3
2004 43.6 65.3
2003 44.9 68.4
2002 45.5 68.5
2001 46.1 70.6
2000 47.9 71.6
1999 46.4 72.6
1998 45.7 72.6
1997 45.4 72.4
1996 45.1 71.8
1995 - 71.6

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 64.9 for Panama, ranking 70/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Panama
Services, % of GDP
38.5%
2025
70%
2025
Industry, % of GDP
36.2%
2025
24.9%
2025
Agriculture, forestry, and fishing, % of GDP
25.3%
2025
2.62%
2025
GNI, Atlas method
$72.3B
2025
$87.5B
2025
GNI per capita, PPP
$5,890
2025
$41,770
2025
Total reserves including gold
$9.34B
2023
$6.24B
2025
Total reserves ranking
85/177
2023
93/177
2025
Net foreign direct investment
-$1.74B
2019
-$1.81B
2025
Net inflows of foreign direct investment
$1.1B
2024
$2.09B
2024
Net outflows of foreign direct investment
$0
2024
$84.3M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
n/a
Poverty at national poverty lines
24.8%
2017
21.7%
2023
Gross capital formation, % of GDP n/a
33.5%
2024

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/panama | 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 (1994–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1946–1993, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2020–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.

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.