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Economy of Myanmar vs Romania compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $383B for Romania, ranking 85/197 and 42/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $220B (57.4% of GDP) in Romania.

Myanmar vs Romania GDP by year

Myanmar
Romania
1x
Year GDP, current $
Myanmar Romania
2024 $74,068,349,524 $382,564,217,989
2023 $66,757,619,000 $347,757,995,759
2022 $62,253,049,903 $295,319,437,557
2021 $66,345,291,149 $285,071,280,114
2020 $79,006,113,670 $250,625,048,304
2019 $75,065,106,243 $250,080,428,512
2018 $67,860,515,993 $241,791,427,224
2017 $66,053,040,475 $210,147,385,855
2016 $63,298,361,984 $185,290,759,249
2015 $59,607,290,408 $177,885,131,240
2014 $65,531,374,210 $199,722,319,676
2013 $60,269,732,855 $189,798,603,751
2012 $59,937,796,648 $179,117,323,107
2011 $59,977,326,086 $192,623,977,894
2010 $49,540,813,342 $170,064,350,672
2009 $36,906,181,381 $174,110,532,659
2008 $31,862,554,102 $214,315,932,061
2007 $20,182,477,481 $174,588,782,939
2006 $14,502,553,710 $122,023,735,993
2005 $11,986,972,419 $98,454,380,120
2004 $10,567,354,056 $74,973,656,852
2003 $10,467,109,978 $57,806,384,143
2002 $6,777,632,512 $46,065,502,703
2001 $6,477,790,688 $40,395,116,581
2000 $8,905,066,164 $37,253,739,511
1999 $8,486,832,801 $35,953,156,754
1998 $6,459,461,639 $41,696,091,974
1997 $4,722,288,496 $35,575,214,078
1996 $6,123,556,717 $36,937,074,278
1995 $5,289,174,943 $37,430,162,103
1994 $4,432,257,174 $30,072,805,104
1993 $3,163,020,035 $26,361,160,450
1992 $2,411,552,289 $25,121,666,667
1991 $2,069,832,687 $28,850,634,900
1990 $2,115,193,513 $38,247,882,300
1989 $2,013,448,229 $41,450,777,202
1988 $1,541,088,312 $40,424,528,302
1987 $1,562,448,077 $38,067,567,568
1986 $1,582,873,750 -
1985 $1,478,908,173 -
1984 $1,304,063,253 -
1983 $1,381,573,615 -
1982 $1,481,165,468 -
1981 $1,111,000,765 -
1980 $1,038,225,167 -
1979 $952,265,043 -
1978 $935,408,775 -
1977 $873,579,932 -
1976 $1,204,699,849 -
1975 $1,061,107,354 -
1974 $1,225,589,878 -
1973 $719,754,655 -
1972 $662,213,083 -
1971 $587,448,405 -
1970 $563,555,631 -
1969 $571,854,215 -
1968 $559,956,130 -
1967 $420,359,036 -
1966 $293,103,479 -
1965 $367,053,117 -
1964 $411,419,906 -
1963 $598,998,419 -
1962 $634,528,872 -
1961 $605,581,577 -
1960 $545,098,448 -

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

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

GDP per capita in Myanmar vs Romania by year

Myanmar
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 $20,080 $49,077
2023 $1,233 $5,953 $18,244 $45,982
2022 $1,158 $5,732 $15,504 $41,979
2021 $1,243 $5,178 $14,908 $37,534
2020 $1,490 $5,741 $13,009 $34,194
2019 $1,426 $6,101 $12,910 $33,425
2018 $1,298 $5,581 $12,416 $29,383
2017 $1,273 $4,706 $10,728 $26,943
2016 $1,229 $4,460 $9,405 $23,905
2015 $1,167 $4,459 $8,977 $21,625
2014 $1,293 $4,376 $10,032 $20,633
2013 $1,199 $4,144 $9,498 $19,678
2012 $1,203 $3,845 $8,930 $19,808
2011 $1,214 $3,579 $9,561 $18,804
2010 $1,011 $3,348 $8,400 $17,355
2009 $758 $3,040 $8,548 $16,641
2008 $658 $2,748 $10,435 $16,782
2007 $419 $2,459 $8,360 $13,703
2006 $303 $2,153 $5,758 $11,554
2005 $252.7 $1,860 $4,618 $9,602
2004 $224.5 $1,601 $3,495 $8,989
2003 $224.3 $1,385 $2,679 $7,559
2002 $146.6 $1,204 $2,120 $7,162
2001 $141.5 $1,069 $1,825 $6,520
2000 $196.6 $949 $1,660 $5,850
1999 $189.5 $825 $1,600 $5,596
1998 $146 $742 $1,853 $5,545
1997 $108 $702 $1,577 $5,564
1996 $141.9 $661 $1,633 $5,746
1995 $124.1 $618 $1,650 $5,429
1994 $105.4 $573 $1,323 $4,995
1993 $76.2 $529 $1,158 $4,699
1992 $58.9 $494 $1,102 $4,515
1991 $51.2 $447 $1,254 $4,795
1990 $53.1 $441 $1,648 $5,280
1989 $51.3 - $1,790 -
1988 $39.9 - $1,753 -
1987 $41.1 - $1,659 -
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/romania | CC BY

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Romania ranks 47th at $49,077.

Economic indicators

Myanmar Romania
Gross domestic product
$74.1B
2024
$383B
2024
GDP rank
85/197
2024
42/197
2024
GDP growth
-0.97%
2023-2024
0.92%
2023-2024
GDP per capita
$1,359
2024
$20,080
2024
GDP per capita rank
165/197
2024
58/197
2024
GDP per capita, PPP
$5,997
2024
$49,077
2024
GDP per capita PPP rank
153/197
2024
47/197
2024
Government debt
$44B
2024
$220B
2024
Debt-to-GDP ratio
59.3%
2024
57.4%
2024
Government debt per person
$806
2024
$11,533
2024
Government debt per person rank
150/185
2024
48/185
2024
Average annual personal income after taxes
$1,646
2026
$13,912
2026
Market capitalization of domestic companies n/a
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
25.5%
2017
21.8%
2023
Income share by poorest 10%
3.8%
2017
2.4%
2023
Government expenditure, % of GDP
20.7%
2024
39.9%
2024
Consumer prices inflation
8.83%
2018-2019
5.6%
2023-2024
Central bank interest rate n/a
6.5%
2024
Unemployment rate
1.48%
2020
5.43%
2024
Population
55292116
18839108

Spending and national debt comparison by year

Myanmar
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Myanmar Romania
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 39.9% 57.4%
2023 21.4% 59.1% 36.6% 52.1%
2022 21.3% 56.1% 37.4% 51.7%
2021 20.9% 63.4% 37% 51.5%
2020 21.3% 49.1% 38.1% 49.3%
2019 20.5% 37.6% 33.2% 36.5%
2018 18.7% 39.9% 31.7% 36.2%
2017 19.7% 41.9% 31% 37.1%
2016 21.3% 35.7% 31.8% 39.5%
2015 23.7% 36.6% 34.2% 39.4%
2014 24.7% 34.5% 33.8% 40.5%
2013 23.9% 44.8% 34.2% 39.3%
2012 20% 48% 33.5% 36.2%
2011 15.6% 49.9% 35% 32.6%
2010 15.8% 54.4% 37.4% 30.2%
2009 14.4% 56.4% 36.3% 22.5%
2008 14.4% 59.8% 35.3% 13%
2007 15.7% 77.4% 34.6% 12.4%
2006 15.6% 103.1% 33.9% 12.7%
2005 14.6% 119% 32.3% 17.8%
2004 14.6% 126.6% 33.7% 21.3%
2003 14.3% 146% 31.8% 24.9%
2002 15.3% 190.6% 32.1% 27.4%
2001 19.1% 262% 33.2% 27.4%
2000 21.4% 164.5% 35% 29.6%
1999 22.8% 150.7% 35.1% 21.7%
1998 25.2% 208.6% 34.7% 16.5%
1997 - - 33.5% 15%
1996 - - 33.5% 11%
1995 - - 34.4% 6.91%
1994 - - 33.1% -
1993 - - 33.5% -
1992 - - 41.5% -
1991 - - 38.3% -
1990 - - 38.4% -
1989 - - 40.1% -
1988 - - 36.6% -
1987 - - 40.7% -
1986 - - 42.5% -
1985 - - 41.6% -
1984 - - 28.6% -
1983 - - 25.8% -
1982 - - 28.5% -
1981 - - 30.4% -
1980 - - 33.6% -
1979 - - 42% -
1978 - - 42.1% -
1977 - - 39.9% -
1976 - - 37.5% -
1975 - - 40.6% -
1974 - - 37.6% -
1973 - - 32.6% -
1972 - - 29.9% -
1971 - - 27.2% -
1970 - - 28.1% -
1969 - - 32.1% -
1968 - - 31.8% -
1967 - - 30.6% -
1966 - - 27.3% -
1965 - - 25.6% -
1964 - - 25.1% -
1963 - - 23.1% -
1962 - - 43.4% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, retrieved 2026-02-20).

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

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 57.4% in Romania, ranking 81/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Romania
1x
Year Deficit/surplus, % of GDP
Myanmar Romania
2024 -5.06% -8.68%
2023 -5.18% -5.61%
2022 -2.82% -5.83%
2021 -2.47% -6.7%
2020 -6.5% -9.54%
2019 -4.7% -4.55%
2018 -2.77% -2.74%
2017 -3.42% -2.86%
2016 -2.53% -2.5%
2015 -4.33% -1.35%
2014 -1.06% -1.76%
2013 -1.53% -2.44%
2012 -2.7% -2.39%
2011 -4.82% -4.14%
2010 -5.4% -6.22%
2009 -3.55% -6.86%
2008 -2.73% -4.6%
2007 -3.52% -3.05%
2006 -3.42% -1.36%
2005 -3.49% -0.69%
2004 -4.62% -3.39%
2003 -4.24% -2.29%
2002 -4.01% -2.59%
2001 -6.34% -3.2%
2000 -6.03% -3.99%
1999 -4.46% -3.58%
1998 -4.89% -5.33%
1997 - -5.19%
1996 - -4.74%
1995 - -3.32%
1994 - -2.2%
1993 - -0.35%
1992 - -4.55%
1991 - 3.23%
1990 - 1.03%
1989 - -2.87%
1988 - 8.4%
1987 - 2.37%
1986 - 5.72%
1985 - 6.36%
1984 - 15.2%
1983 - 9.35%
1982 - 0.36%
1981 - 0.61%
1980 - -1.95%
1979 - 0%
1978 - 0%
1977 - 0.23%
1976 - 0.66%
1975 - 0.41%
1974 - 0.51%
1973 - 1.53%
1972 - 1.21%
1971 - 0.89%
1970 - 0.52%
1969 - 0.93%
1968 - 1.65%
1967 - 1.23%
1966 - 0.91%
1965 - -1.29%
1964 - -3.11%
1963 - -1.61%
1962 - -4.86%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1962–1989, retrieved 2026-02-20).

GeoRank.org/economy/myanmar/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of those years, while Romania ran a deficit in 27 years. On average, Myanmar posted an annual deficit equal to 3.95% of GDP, compared to deficit of 4.01% of GDP for Romania.

Inflation comparison by year

Inflation
Myanmar

Romania
1x
Year Consumer prices inflation
Myanmar Romania
2024 - 5.6%
2023 - 10.4%
2022 - 13.8%
2021 - 5%
2020 - 2.6%
2019 8.83% 3.8%
2018 6.87% 4.6%
2017 4.57% 1.3%
2016 6.93% -1.6%
2015 9.45% -0.6%
2014 4.95% 1.1%
2013 5.64% 4%
2012 1.47% 3.3%
2011 5.02% 5.8%
2010 7.72% 6.1%
2009 1.47% 5.6%
2008 26.8% 7.8%
2007 35% 4.8%
2006 20% 6.6%
2005 9.37% 9%
2004 4.53% 11.9%
2003 36.6% 15.4%
2002 57.1% 22.5%
2001 21.1% 34.5%
2000 -0.11% 45.7%
1999 18.4% 45.8%
1998 51.5% 59.1%
1997 29.7% 154.8%

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/romania | CC BY

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 19.6% in Romania. In 2019, inflation was 8.83% in Myanmar and 5.6% in Romania.

Top exports between countries

Myanmar
Export category Export value
Textiles & consumer goods $43.2M
Raw agricultural goods $883K
Machinery & equipment $97K
Wood & paper products $66K
Chemicals & pharma $5K
Romania
Export category Export value
Processed food, beverages & tobacco $1.95M
Raw agricultural goods $1.56M
Animal & marine products $853K
Metals $466K
Miscellaneous $74K
Machinery & equipment $67K
Textiles & consumer goods $63K
Chemicals & pharma $52K
Raw materials & minerals $7K
Wood & paper products $1K

Balance of trade

Myanmar Romania
Current account balance
$67.7M
2019
-$31.2B
2024
Current account balance ranking
71/190
2019
185/190
2024
Current account balance, % of GDP
+0.09%
2019
-8.16%
2024
Goods imports
$13.7B
2019
$129B
2024
Goods exports
$10.8B
2019
$93.3B
2024
Service imports
$3.66B
2019
$30.2B
2024
Service exports
$6.68B
2019
$42.9B
2024
Imports of goods and services, % of GDP n/a
41.6%
2024
Exports of goods and services, % of GDP
24.3%
2025
35.6%
2024

Economic freedom indices

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

Myanmar Romania
Economic freedom 44.5 65.4
Economic freedom ranking 180/197 64/197
Property rights 5.7 81
Government integrity 18.1 50
Judicial effectiveness 3.9 67
Tax burden 88.6 89.1
Government spending 86.6 56.7
Fiscal health 62.7 21.4
Business freedom 37.9 74.4
Labor freedom 53.2 63.6
Monetary freedom 57.5 72.7
Trade freedom 69.4 79.4
Investment freedom 30 70
Financial freedom 20 60

Economic freedom comparison by year

Myanmar
Romania
1x
Year Economic freedom index
Myanmar Romania
2026 44.5 65.4
2025 43.7 66.5
2024 42.2 64.4
2023 46.5 64.5
2022 49.6 67.1
2021 55.2 69.5
2020 54 69.7
2019 53.6 68.6
2018 53.9 69.4
2017 52.5 69.7
2016 48.7 65.6
2015 46.9 66.6
2014 46.5 65.5
2013 39.2 65.1
2012 38.7 64.4
2011 37.8 64.7
2010 36.7 64.2
2009 37.7 63.2
2008 39.5 61.7
2007 41 61.2
2006 40 58.2
2005 40.5 52.1
2004 43.6 50
2003 44.9 50.6
2002 45.5 48.7
2001 46.1 50
2000 47.9 52.1
1999 46.4 50.1
1998 45.7 54.4
1997 45.4 50.8
1996 45.1 46.2
1995 - 42.9

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Romania
Services, % of GDP
41.4%
2024
62.6%
2024
Industry, % of GDP
37.8%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
2.81%
2024
GNI, Atlas method
$65.9B
2024
$335B
2024
GNI per capita, PPP
$5,890
2024
$47,920
2024
Total reserves including gold
$9.34B
2023
$73.4B
2024
Total reserves ranking
81/177
2023
35/177
2024
Net foreign direct investment
-$1.74B
2019
-$5.17B
2024
Net inflows of foreign direct investment
$1.1B
2024
$7.16B
2024
Net outflows of foreign direct investment
$0
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
n/a
Poverty at national poverty lines
24.8%
2017
19%
2023
Gross capital formation, % of GDP n/a
25%
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/romania | 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 (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1962–1999, 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. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.