Skip to content

Economy of Myanmar vs Rwanda compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $14.3B for Rwanda, ranking 85/197 and 144/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $9.58B (67.2% of GDP) in Rwanda.

Myanmar vs Rwanda GDP by year

Myanmar
Rwanda
1x
Year GDP, current $
Myanmar Rwanda
2024 $74,068,349,524 $14,251,642,235
2023 $66,757,619,000 $14,331,722,703
2022 $62,253,049,903 $13,316,161,002
2021 $66,345,291,149 $11,078,787,090
2020 $79,006,113,670 $10,174,386,857
2019 $75,065,106,243 $10,349,300,277
2018 $67,860,515,993 $9,637,904,521
2017 $66,053,040,475 $9,252,833,891
2016 $63,298,361,984 $8,695,272,058
2015 $59,607,290,408 $8,543,760,200
2014 $65,531,374,210 $8,238,966,124
2013 $60,269,732,855 $7,819,964,030
2012 $59,937,796,648 $7,654,761,050
2011 $59,977,326,086 $6,884,913,658
2010 $49,540,813,342 $6,124,756,654
2009 $36,906,181,381 $5,674,476,969
2008 $31,862,554,102 $5,179,854,065
2007 $20,182,477,481 $4,070,507,895
2006 $14,502,553,710 $3,319,784,539
2005 $11,986,972,419 $2,933,819,766
2004 $10,567,354,056 $2,376,496,067
2003 $10,467,109,978 $2,138,237,279
2002 $6,777,632,512 $1,966,003,468
2001 $6,477,790,688 $1,966,600,715
2000 $8,905,066,164 $2,068,836,754
1999 $8,486,832,801 $2,157,108,263
1998 $6,459,461,639 $1,989,343,546
1997 $4,722,288,496 $1,851,558,197
1996 $6,123,556,717 $1,382,334,879
1995 $5,289,174,943 $1,293,535,193
1994 $4,432,257,174 $753,636,370
1993 $3,163,020,035 $1,971,525,712
1992 $2,411,552,289 $2,029,026,962
1991 $2,069,832,687 $1,911,600,237
1990 $2,115,193,513 $2,550,185,679
1989 $2,013,448,229 $2,405,022,593
1988 $1,541,088,312 $2,395,492,687
1987 $1,562,448,077 $2,157,432,668
1986 $1,582,873,750 $1,944,710,684
1985 $1,478,908,173 $1,715,626,331
1984 $1,304,063,253 $1,587,413,084
1983 $1,381,573,615 $1,479,687,587
1982 $1,481,165,468 $1,407,243,139
1981 $1,111,000,765 $1,407,062,527
1980 $1,038,225,167 $1,254,765,642
1979 $952,265,043 $1,109,346,131
1978 $935,408,775 $905,709,076
1977 $873,579,932 $746,650,613
1976 $1,204,699,849 $637,753,853
1975 $1,061,107,354 $571,863,500
1974 $1,225,589,878 $308,458,423
1973 $719,754,655 $290,746,157
1972 $662,213,083 $246,457,838
1971 $587,448,405 $222,952,504
1970 $563,555,631 $219,900,006
1969 $571,854,215 $188,700,037
1968 $559,956,130 $172,200,018
1967 $420,359,036 $159,560,018
1966 $293,103,479 $124,525,703
1965 $367,053,117 $148,799,980
1964 $411,419,906 $129,999,994
1963 $598,998,419 $128,000,000
1962 $634,528,872 $125,000,008
1961 $605,581,577 $122,000,016
1960 $545,098,448 $119,000,024

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

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

GDP per capita in Myanmar vs Rwanda by year

Myanmar
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 $1,000 $3,711
2023 $1,233 $5,953 $1,027 $3,399
2022 $1,158 $5,732 $975 $3,099
2021 $1,243 $5,178 $830 $2,733
2020 $1,490 $5,741 $779 $2,285
2019 $1,426 $6,101 $810 $2,336
2018 $1,298 $5,581 $772 $2,125
2017 $1,273 $4,706 $758 $1,968
2016 $1,229 $4,460 $730 $1,866
2015 $1,167 $4,459 $734 $1,781
2014 $1,293 $4,376 $725 $1,678
2013 $1,199 $4,144 $705 $1,512
2012 $1,203 $3,845 $707 $1,455
2011 $1,214 $3,579 $651 $1,413
2010 $1,011 $3,348 $594 $1,314
2009 $758 $3,040 $564 $1,241
2008 $658 $2,748 $528 $1,191
2007 $419 $2,459 $426 $1,079
2006 $303 $2,153 $357 $1,002
2005 $252.7 $1,860 $324 $914
2004 $224.5 $1,601 $269.5 $832
2003 $224.3 $1,385 $249 $775
2002 $146.6 $1,204 $234 $760
2001 $141.5 $1,069 $237.3 $670
2000 $196.6 $949 $251.9 $609
1999 $189.5 $825 $264.7 $554
1998 $146 $742 $246.2 $528
1997 $108 $702 $238.7 $500
1996 $141.9 $661 $206 $499
1995 $124.1 $618 $228 $514
1994 $105.4 $573 $111 $311
1993 $76.2 $529 $247 $521
1992 $58.9 $494 $264.1 $575
1991 $51.2 $447 $254 $542
1990 $53.1 $441 $346 $549
1989 $51.3 - $335 -
1988 $39.9 - $344 -
1987 $41.1 - $320 -
1986 $42.4 - $297.7 -
1985 $40.4 - $271.6 -
1984 $36.3 - $259.9 -
1983 $39.3 - $250.6 -
1982 $43 - $246.4 -
1981 $32.8 - $254.6 -
1980 $31.2 - $234.4 -
1979 $29.2 - $213.8 -
1978 $29.3 - $179.9 -
1977 $27.9 - $152.7 -
1976 $39.2 - $134.4 -
1975 $35.2 - $124.1 -
1974 $41.4 - $68.9 -
1973 $24.8 - $66.9 -
1972 $23.3 - $58.4 -
1971 $21.1 - $54.4 -
1970 $20.7 - $55.2 -
1969 $21.5 - $48.9 -
1968 $21.5 - $46 -
1967 $16.5 - $44 -
1966 $11.8 - $35.4 -
1965 $15.1 - $43.5 -
1964 $17.3 - $39 -
1963 $25.8 - $39.3 -
1962 $27.9 - $39.2 -
1961 $27.3 - $39.3 -
1960 $25.1 - $39.4 -

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

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

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $1,000 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Rwanda ranks 168th at $3,711.

Economic indicators

Myanmar Rwanda
Gross domestic product
$74.1B
2024
$14.3B
2024
GDP rank
85/197
2024
144/197
2024
GDP growth
-0.97%
2023-2024
8.89%
2023-2024
GDP per capita
$1,359
2024
$1,000
2024
GDP per capita rank
165/197
2024
178/197
2024
GDP per capita, PPP
$5,997
2024
$3,711
2024
GDP per capita PPP rank
153/197
2024
168/197
2024
Government debt
$44B
2024
$9.58B
2024
Debt-to-GDP ratio
59.3%
2024
67.2%
2024
Government debt per person
$806
2024
$672
2024
Government debt per person rank
150/185
2024
157/185
2024
Average annual personal income after taxes
$1,646
2026
$2,194
2026
Market capitalization of domestic companies n/a
$2.75B
2024
Income share by richest 10%
25.5%
2017
33.4%
2023
Income share by poorest 10%
3.8%
2017
3.1%
2023
Government expenditure, % of GDP
20.7%
2024
28.8%
2024
Consumer prices inflation
8.83%
2018-2019
1.77%
2023-2024
Central bank interest rate n/a
6.75%
2025
Unemployment rate
1.48%
2020
11.3%
2024
Population
55292116
14975051

Spending and national debt comparison by year

Myanmar
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Myanmar Rwanda
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 28.8% 67.2%
2023 21.4% 59.1% 27% 63.4%
2022 21.3% 56.1% 29.7% 60.9%
2021 20.9% 63.4% 31.6% 67.3%
2020 21.3% 49.1% 33.5% 68.7%
2019 20.5% 37.6% 28.2% 53.6%
2018 18.7% 39.9% 26.4% 49.2%
2017 19.7% 41.9% 25.1% 45.6%
2016 21.3% 35.7% 25.1% 41.1%
2015 23.7% 36.6% 26.6% 33.1%
2014 24.7% 34.5% 27.5% 29.1%
2013 23.9% 44.8% 26.2% 26.7%
2012 20% 48% 24.6% 19.1%
2011 15.6% 49.9% 24.7% 18.7%
2010 15.8% 54.4% 23.8% 18.8%
2009 14.4% 56.4% 22.3% 18.5%
2008 14.4% 59.8% 22.5% 18.3%
2007 15.7% 77.4% 22.4% 22.1%
2006 15.6% 103.1% 20.6% 22.5%
2005 14.6% 119% 19.9% 58.9%
2004 14.6% 126.6% 17.9% 80.9%
2003 14.3% 146% 18.5% 79.5%
2002 15.3% 190.6% 20.5% 92%
2001 19.1% 262% 19.1% 84%
2000 21.4% 164.5% 18.2% 86%
1999 22.8% 150.7% 22.4% 78.4%
1998 25.2% 208.6% 16.4% 70.1%
1997 - - 17% 72.2%
1996 - - 19.5% 83.4%
1995 - - 18% 100.8%
1994 - - 13.3% -
1993 - - 20.3% -
1992 - - 21.5% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

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

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while Rwanda spent $4.1B, or 28.8% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 67.2% in Rwanda, ranking 81/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Rwanda
1x
Year Deficit/surplus, % of GDP
Myanmar Rwanda
2024 -5.06% -6.57%
2023 -5.18% -5.04%
2022 -2.82% -5.74%
2021 -2.47% -7%
2020 -6.5% -9.54%
2019 -4.7% -5.08%
2018 -2.77% -2.57%
2017 -3.42% -2.52%
2016 -2.53% -2.27%
2015 -4.33% -2.68%
2014 -1.06% -3.92%
2013 -1.53% -1.27%
2012 -2.7% -2.38%
2011 -4.82% -0.86%
2010 -5.4% -0.64%
2009 -3.55% 0.26%
2008 -2.73% 0.83%
2007 -3.52% -1.56%
2006 -3.42% -0.03%
2005 -3.49% 1.12%
2004 -4.62% 2.27%
2003 -4.24% -1.23%
2002 -4.01% -2.03%
2001 -6.34% -1.8%
2000 -6.03% -0.22%
1999 -4.46% -4.41%
1998 -4.89% -2.59%
1997 - -2.22%
1996 - -5.01%
1995 - -2.04%
1994 - -9.54%
1993 - -6.6%
1992 - -7.21%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20).

GeoRank.org/economy/myanmar/rwanda | 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 Rwanda's deficit of $936M, or 6.57% of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of those years, while Rwanda ran a deficit in 23 years. On average, Myanmar posted an annual deficit equal to 3.95% of GDP, compared to deficit of 2.5% of GDP for Rwanda.

Inflation comparison by year

Inflation
Myanmar

Rwanda
1x
Year Consumer prices inflation
Myanmar Rwanda
2024 - 1.77%
2023 - 19.8%
2022 - 17.7%
2021 - -0.39%
2020 - 9.85%
2019 8.83% 3.35%
2018 6.87% -0.31%
2017 4.57% 8.28%
2016 6.93% 7.17%
2015 9.45% 2.53%
2014 4.95% 2.35%
2013 5.64% 5.92%
2012 1.47% 10.3%
2011 5.02% 3.08%
2010 7.72% -0.25%
2009 1.47% 12.9%
2008 26.8% 15.4%
2007 35% 9.08%
2006 20% 8.88%
2005 9.37% 9.01%
2004 4.53% 12.3%
2003 36.6% 7.45%
2002 57.1% 1.99%
2001 21.1% 3.34%
2000 -0.11% 3.9%
1999 18.4% -2.41%
1998 51.5% 6.21%
1997 29.7% 12%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 6.2% in Rwanda. In 2019, inflation was 8.83% in Myanmar and 1.77% in Rwanda.

Top exports between countries

Myanmar
Export category Export value
Rwanda
Export category Export value
Raw agricultural goods $698K

Balance of trade

Myanmar Rwanda
Current account balance
$67.7M
2019
-$1.81B
2024
Current account balance ranking
71/190
2019
140/190
2024
Current account balance, % of GDP
+0.09%
2019
-12.7%
2024
Goods imports
$13.7B
2019
$5.55B
2024
Goods exports
$10.8B
2019
$3.2B
2024
Service imports
$3.66B
2019
$991M
2024
Service exports
$6.68B
2019
$1.08B
2024
Imports of goods and services, % of GDP n/a
39.1%
2024
Exports of goods and services, % of GDP
24.3%
2025
30.8%
2024

Economic freedom indices

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

Myanmar Rwanda
Economic freedom 44.5 56.5
Economic freedom ranking 180/197 121/197
Property rights 5.7 60.3
Government integrity 18.1 53.9
Judicial effectiveness 3.9 27.5
Tax burden 88.6 80.6
Government spending 86.6 75.7
Fiscal health 62.7 37.5
Business freedom 37.9 60.1
Labor freedom 53.2 49.1
Monetary freedom 57.5 72.3
Trade freedom 69.4 61.8
Investment freedom 30 60
Financial freedom 20 40

Economic freedom comparison by year

Myanmar
Rwanda
1x
Year Economic freedom index
Myanmar Rwanda
2026 44.5 56.5
2025 43.7 54.8
2024 42.2 51.6
2023 46.5 52.2
2022 49.6 57.1
2021 55.2 68.3
2020 54 70.9
2019 53.6 71.1
2018 53.9 69.1
2017 52.5 67.6
2016 48.7 63.1
2015 46.9 64.8
2014 46.5 64.7
2013 39.2 64.1
2012 38.7 64.9
2011 37.8 62.7
2010 36.7 59.1
2009 37.7 54.2
2008 39.5 54.2
2007 41 52.4
2006 40 52.8
2005 40.5 51.7
2004 43.6 53.3
2003 44.9 47.8
2002 45.5 50.4
2001 46.1 45.4
2000 47.9 42.3
1999 46.4 39.8
1998 45.7 39.1
1997 45.4 38.3
1996 45.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Rwanda
Services, % of GDP
41.4%
2024
47.6%
2024
Industry, % of GDP
37.8%
2024
21%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
24.6%
2024
GNI, Atlas method
$65.9B
2024
$14.8B
2024
GNI per capita, PPP
$5,890
2024
$3,620
2024
Total reserves including gold
$9.34B
2023
$2.41B
2024
Total reserves ranking
81/177
2023
123/177
2024
Net foreign direct investment
-$1.74B
2019
-$560M
2024
Net inflows of foreign direct investment
$1.1B
2024
$573M
2024
Net outflows of foreign direct investment
$0
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
3.09%
2024
Poverty at national poverty lines
24.8%
2017
27.4%
2023
Gross capital formation, % of GDP n/a
25.9%
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/rwanda | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1992–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. TradeMap (2021, retrieved 2026-02-08)

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.