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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 43/197 by economy size, respectively.

Myanmar has $45.4B in government debt (62.6% of GDP), compared to $219B (61.6% of GDP) in Romania.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Myanmar
GDP, current $

GDP, constant 2015 $
Romania
GDP, current $

GDP, constant 2015 $
Year GDP
Myanmar Romania
Current $ Constant $ Current $ Constant $
1960 $545,098,448 $2,819,978,877 - -
1961 $605,581,577 $2,833,276,800 - -
1962 $634,528,872 $2,949,069,211 - -
1963 $598,998,419 $3,342,749,158 - -
1964 $411,419,906 $3,145,726,893 - -
1965 $367,053,117 $3,482,088,444 - -
1966 $293,103,479 $3,313,145,218 - -
1967 $420,359,036 $3,116,832,787 - -
1968 $559,956,130 $3,492,702,256 - -
1969 $571,854,215 $3,607,672,972 - -
1970 $563,555,631 $3,787,310,936 - -
1971 $587,448,405 $3,943,725,456 - -
1972 $662,213,083 $4,039,788,352 - -
1973 $719,754,655 $4,000,678,162 - -
1974 $1,225,589,878 $4,214,409,420 - -
1975 $1,061,107,354 $4,389,421,587 - -
1976 $1,204,699,849 $4,656,315,812 - -
1977 $873,579,932 $4,933,473,074 - -
1978 $935,408,775 $5,255,027,822 - -
1979 $952,265,043 $5,528,356,401 - -
1980 $1,038,225,167 $5,967,227,079 - -
1981 $1,111,000,765 $6,346,489,388 - -
1982 $1,481,165,468 $6,702,138,811 - -
1983 $1,381,573,615 $6,996,435,938 - -
1984 $1,304,063,253 $7,341,551,094 - -
1985 $1,478,908,173 $7,550,858,733 - -
1986 $1,582,873,750 $7,471,019,822 - -
1987 $1,562,448,077 $7,171,758,277 $38,067,567,568 -
1988 $1,541,088,312 $6,357,588,760 $40,424,528,302 -
1989 $2,013,448,229 $6,592,520,573 $41,450,777,202 -
1990 $2,115,193,513 $6,778,227,479 $38,247,882,300 $116,460,149,705
1991 $2,069,832,687 $6,734,127,185 $28,850,634,900 $101,415,582,149
1992 $2,411,552,289 $7,384,707,337 $25,121,666,667 $92,524,246,376
1993 $3,163,020,035 $7,830,700,107 $26,361,160,450 $93,938,788,973
1994 $4,432,257,174 $8,416,276,600 $30,072,805,104 $97,632,408,356
1995 $5,289,174,943 $9,001,043,827 $37,430,162,103 $103,718,335,743
1996 $6,123,556,717 $9,580,955,459 $36,937,074,278 $107,771,339,314
1997 $4,722,288,496 $10,122,431,106 $35,575,214,078 $102,545,439,457
1998 $6,459,461,639 $10,716,234,491 $41,696,091,974 $100,463,958,893
1999 $8,486,832,801 $11,889,140,285 $35,953,156,754 $100,085,550,636
2000 $8,905,066,164 $13,523,413,252 $37,253,739,511 $102,548,872,692
2001 $6,477,790,688 $15,057,508,855 $40,395,116,581 $107,900,062,083
2002 $6,777,632,512 $16,868,251,605 $46,065,502,703 $114,053,593,614
2003 $10,467,109,978 $19,203,491,833 $57,806,384,143 $116,723,756,275
2004 $10,567,354,056 $21,808,380,519 $74,973,656,852 $128,895,841,499
2005 $11,986,972,419 $24,767,548,772 $98,454,380,120 $134,912,890,211
2006 $14,502,553,710 $28,006,178,558 $122,023,735,993 $145,744,791,283
2007 $20,182,477,481 $31,364,521,323 $174,588,782,939 $156,287,689,281
2008 $31,862,554,102 $34,581,048,770 $214,315,932,061 $170,834,114,653
2009 $36,906,181,381 $38,229,352,561 $174,110,532,659 $161,409,698,529
2010 $49,540,813,342 $41,912,536,386 $170,064,350,672 $155,105,339,844
2011 $59,977,326,086 $44,256,068,473 $192,623,977,894 $162,078,238,595
2012 $59,937,796,648 $47,501,220,127 $179,117,323,107 $165,163,587,446
2013 $60,269,732,855 $51,503,673,421 $189,798,603,751 $165,624,017,080
2014 $65,531,374,200 $55,711,475,876 $199,722,319,676 $172,441,103,432
2015 $59,607,290,408 $59,607,290,408 $177,885,131,240 $177,885,131,240
2016 $63,298,361,996 $63,101,751,663 $185,290,759,249 $182,972,525,962
2017 $66,053,040,483 $66,973,743,449 $210,147,385,855 $197,967,999,561
2018 $67,860,515,990 $71,172,235,146 $243,468,683,030 $210,085,482,251
2019 $75,065,106,228 $75,854,734,834 $251,677,082,534 $218,327,690,029
2020 $79,006,113,643 $68,991,135,074 $252,033,792,712 $210,305,491,426
2021 $66,345,291,160 $60,700,903,303 $286,578,196,368 $221,968,423,308
2022 $62,253,049,892 $63,151,698,289 $296,354,358,293 $230,770,154,207
2023 $66,757,619,000 $63,756,973,610 $350,775,856,415 $236,318,495,899
2024 $74,079,772,652 $63,137,226,235 $382,767,571,329 $238,241,389,260

Economic indicators

Myanmar Romania
Gross domestic product
$74.1B
2024
$383B
2024
GDP rank
85/197
2024
43/197
2024
GDP growth
11%
2023-2024
9.12%
2023-2024
GDP per capita
$1,359
2024
$20,072
2024
GDP per capita rank
165/197
2024
58/197
2024
GDP per capita, PPP
$5,997
2024
$48,712
2024
Government debt
$45.4B
2024
$219B
2024
Debt-to-GDP ratio
62.6%
2025
61.6%
2025
Government debt per person
$833
2024
$11,490
2024
Government debt per person rank
146/185
2024
49/185
2024
Average annual personal income after taxes
$1,798
2025
$13,200
2025
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
21.9%
2025
39.2%
2025
Consumer prices inflation
8.83%
2018-2019
7.3%
2024-2025
Central bank interest rate n/a
6.5%
2024
Unemployment rate
1.48%
2020
5.43%
2024
Population
55119090
18962595

GDP per capita in Myanmar vs Romania

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $20,072 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Romania ranks 46th at $48,712.

Myanmar
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
Year Current $
Myanmar Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $25.1 - - -
1961 $27.3 - - -
1962 $27.9 - - -
1963 $25.8 - - -
1964 $17.3 - - -
1965 $15.1 - - -
1966 $11.8 - - -
1967 $16.5 - - -
1968 $21.5 - - -
1969 $21.5 - - -
1970 $20.7 - - -
1971 $21.1 - - -
1972 $23.3 - - -
1973 $24.8 - - -
1974 $41.4 - - -
1975 $35.2 - - -
1976 $39.2 - - -
1977 $27.9 - - -
1978 $29.3 - - -
1979 $29.2 - - -
1980 $31.2 - - -
1981 $32.8 - - -
1982 $43 - - -
1983 $39.3 - - -
1984 $36.3 - - -
1985 $40.4 - - -
1986 $42.4 - - -
1987 $41.1 - $1,659 -
1988 $39.9 - $1,753 -
1989 $51.3 - $1,790 -
1990 $53.1 $441 $1,648 $5,277
1991 $51.2 $447 $1,254 $4,792
1992 $58.9 $494 $1,102 $4,512
1993 $76.2 $529 $1,158 $4,696
1994 $105.4 $573 $1,323 $4,992
1995 $124.1 $618 $1,650 $5,425
1996 $141.9 $661 $1,633 $5,744
1997 $108 $702 $1,577 $5,563
1998 $146 $742 $1,853 $5,544
1999 $189.5 $825 $1,600 $5,596
2000 $196.6 $949 $1,660 $5,849
2001 $141.5 $1,069 $1,825 $6,521
2002 $146.6 $1,204 $2,120 $7,162
2003 $224.3 $1,385 $2,679 $7,560
2004 $224.5 $1,601 $3,495 $8,991
2005 $252.7 $1,860 $4,618 $9,602
2006 $303 $2,153 $5,758 $11,557
2007 $419 $2,459 $8,360 $13,703
2008 $658 $2,748 $10,435 $16,782
2009 $758 $3,040 $8,548 $16,632
2010 $1,011 $3,348 $8,400 $17,357
2011 $1,214 $3,579 $9,561 $18,804
2012 $1,203 $3,845 $8,930 $19,807
2013 $1,199 $4,144 $9,498 $19,678
2014 $1,293 $4,376 $10,032 $20,633
2015 $1,167 $4,459 $8,977 $21,630
2016 $1,229 $4,460 $9,405 $23,905
2017 $1,273 $4,706 $10,728 $26,943
2018 $1,298 $5,581 $12,502 $29,586
2019 $1,426 $6,101 $12,992 $33,638
2020 $1,490 $5,741 $13,082 $34,386
2021 $1,243 $5,178 $14,987 $37,733
2022 $1,158 $5,732 $15,558 $42,218
2023 $1,233 $5,953 $18,404 $45,777
2024 $1,359 $5,997 $20,072 $48,712

Spending and national debt comparison

In 2024, Myanmar's government spending was $15.2B, accounting for 21.9% of its GDP, while Romania's spent $152B, or 39.2% of GDP.

Debt-to-GDP ratio is 62.6% in Myanmar and 61.6% in Romania, ranking 73/185 and 74/185, respectively.

Myanmar
Government spending

Government debt
Romania
Government spending

Government debt
Year % of GDP
Myanmar Romania
Government spending Government debt Government spending Government debt
1962 - - 43.4% -
1963 - - 23.1% -
1964 - - 25.1% -
1965 - - 25.6% -
1966 - - 27.3% -
1967 - - 30.6% -
1968 - - 31.8% -
1969 - - 32.1% -
1970 - - 28.1% -
1971 - - 27.2% -
1972 - - 29.9% -
1973 - - 32.6% -
1974 - - 37.6% -
1975 - - 40.6% -
1976 - - 37.5% -
1977 - - 39.9% -
1978 - - 42.1% -
1979 - - 42% -
1980 - - 33.6% -
1981 - - 30.4% -
1982 - - 28.5% -
1983 - - 25.8% -
1984 - - 28.6% -
1985 - - 41.6% -
1986 - - 42.5% -
1987 - - 40.7% -
1988 - - 36.6% -
1989 - - 40.1% -
1990 - - 38.4% -
1991 - - 38.3% -
1992 - - 41.5% -
1993 - - 33.5% -
1994 - - 33.1% -
1995 - - 34.4% 6.91%
1996 - - 33.5% 11%
1997 - - 33.5% 15%
1998 25.2% 225.7% 34.7% 16.5%
1999 22.8% 163.1% 35.1% 21.7%
2000 21.4% 178% 35% 29.6%
2001 19.1% 283.5% 33.2% 27.4%
2002 15.3% 206.3% 32.1% 27.4%
2003 14.3% 158% 31.8% 24.9%
2004 14.6% 137% 33.7% 21.3%
2005 14.6% 128.7% 32.3% 17.8%
2006 15.6% 111.5% 33.9% 12.7%
2007 15.7% 83.7% 34.6% 12.4%
2008 14.4% 64.7% 35.3% 13%
2009 14.4% 61% 36.3% 22.5%
2010 15.8% 58.8% 37.4% 30.2%
2011 15.6% 54% 35% 32.6%
2012 20% 51.9% 33.5% 36.2%
2013 23.9% 48.5% 34.2% 39.3%
2014 24.7% 37.3% 33.8% 40.5%
2015 23.7% 38.4% 34.2% 39.4%
2016 21.3% 35.7% 31.8% 39.5%
2017 19.7% 41.9% 31% 37.1%
2018 18.7% 38.7% 31.7% 36.2%
2019 20.5% 38.3% 33.2% 36.5%
2020 21.2% 48.7% 38.1% 49.3%
2021 20.6% 59.2% 37% 51.5%
2022 21.2% 55.6% 37.4% 51.7%
2023 21.2% 57.9% 36.6% 52.1%
2024 20.5% 61.3% 39.8% 57.2%
2025 21.9% 62.6% 39.2% 61.6%

Government deficit by year

In 2024, Myanmar's government deficit, the difference between spending and revenue, was -$3.94B, equivalent to -5.32% of GDP. This compares to Romania's deficit of -$33.1B, or -8.65% 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 -3.96% of GDP, compared to deficit of -4.01% of GDP for Romania.

Deficit/surplus
Myanmar

Romania
Year Deficit/surplus, % of GDP
Myanmar Romania
1962 - -4.86%
1963 - -1.61%
1964 - -3.11%
1965 - -1.29%
1966 - 0.91%
1967 - 1.23%
1968 - 1.65%
1969 - 0.93%
1970 - 0.52%
1971 - 0.89%
1972 - 1.21%
1973 - 1.53%
1974 - 0.51%
1975 - 0.41%
1976 - 0.66%
1977 - 0.23%
1978 - 0%
1979 - 0%
1980 - -1.95%
1981 - 0.61%
1982 - 0.36%
1983 - 9.35%
1984 - 15.2%
1985 - 6.36%
1986 - 5.72%
1987 - 2.37%
1988 - 8.4%
1989 - -2.87%
1990 - 1.03%
1991 - 3.23%
1992 - -4.55%
1993 - -0.35%
1994 - -2.2%
1995 - -3.32%
1996 - -4.74%
1997 - -5.19%
1998 -4.89% -5.33%
1999 -4.46% -3.58%
2000 -6.03% -3.99%
2001 -6.34% -3.2%
2002 -4.01% -2.59%
2003 -4.24% -2.29%
2004 -4.62% -3.39%
2005 -3.49% -0.69%
2006 -3.42% -1.36%
2007 -3.52% -3.05%
2008 -2.73% -4.6%
2009 -3.55% -6.86%
2010 -5.4% -6.22%
2011 -4.82% -4.14%
2012 -2.7% -2.39%
2013 -1.53% -2.44%
2014 -1.06% -1.76%
2015 -4.33% -1.35%
2016 -2.53% -2.5%
2017 -3.42% -2.86%
2018 -2.77% -2.74%
2019 -4.7% -4.55%
2020 -6.56% -9.54%
2021 -2.53% -6.7%
2022 -2.78% -5.83%
2023 -5.22% -5.61%
2024 -5.32% -8.65%
2025 -5.71% -7.83%

Inflation comparison by year

Over the past 24 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 20.4% in Romania. In 2019, inflation was 8.83% in Myanmar and 7.3% in Romania.

Inflation
Myanmar

Romania
Year Inflation
Myanmar Romania Myanmar Romania
1996 16.3% 38.8%
1997 29.7% 154.8%
1998 51.5% 59.1%
1999 18.4% 45.8%
2000 -0.11% 45.7%
2001 21.1% 34.5%
2002 57.1% 22.5%
2003 36.6% 15.4%
2004 4.53% 11.9%
2005 9.37% 9%
2006 20% 6.6%
2007 35% 4.8%
2008 26.8% 7.8%
2009 1.47% 5.6%
2010 7.72% 6.1%
2011 5.02% 5.8%
2012 1.47% 3.3%
2013 5.64% 4%
2014 4.95% 1.1%
2015 9.45% -0.6%
2016 6.93% -1.6%
2017 4.57% 1.3%
2018 6.87% 4.6%
2019 8.83% 3.8%
2020 - 2.6%
2021 - 5%
2022 - 13.8%
2023 - 10.4%
2024 - 5.6%
2025 - 7.3%

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
-$32B
2024
Current account balance ranking
70/189
2019
184/189
2024
Current account balance, % of GDP
+0.09%
2019
-8.36%
2024
Goods imports
$13.7B
2019
$129B
2024
Goods exports
$10.8B
2019
$93.3B
2024
Service imports
$3.66B
2019
$30.6B
2024
Service exports
$6.68B
2019
$42.9B
2024
Imports of goods and services, % of GDP n/a
41.7%
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 43.7 66.5
Economic freedom ranking 182/197 57/197
Property rights 17.3 81.7
Government integrity 18.7 49.1
Judicial effectiveness 4.2 67
Tax burden 88.6 93.7
Government spending 84 59.1
Fiscal health 39.9 36.1
Business freedom 39.9 75.1
Labor freedom 53.2 67.8
Monetary freedom 59.7 69.2
Trade freedom 68.6 79.6
Investment freedom 30 70
Financial freedom 20 50

Economic freedom by year comparison

The Economic Freedom Index for Myanmar is 43.7, ranking 182/197, compared to 66.5 for Romania, ranking 57/197. The chart below displays a comparison of annual changes in economic freedom indexes.

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

More economic indicators

Myanmar Romania
Services, % of GDP
41.4%
2024
62.5%
2024
Industry, % of GDP
37.8%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
3.28%
2024
GNI, Atlas method
$66.3B
2024
$336B
2024
GNI per capita, PPP
$5,920
2024
$47,420
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
-$6.21B
2024
Net inflows of foreign direct investment
$1.1B
2024
$7.35B
2024
Net outflows of foreign direct investment
$0
1989
$1.15B
2024
Servicing debt to the IMF, % of GNI
1.39%
2023
n/a
Poverty at national poverty lines
24.8%
2017
19%
2023
Gross capital formation, % of GDP
n/a
24.3%
2024

GDP per capita map

GDP per capita

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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.