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Economy of Myanmar vs Slovakia compared: GDP & Debt

Updated on by Georank

Myanmar has a GDP of $81.7B compared to $155B for Slovakia, ranking 85/197 and 60/197 by economy size, respectively.

Myanmar has $42.4B in government debt (51.9% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

Myanmar vs Slovakia GDP by year

Myanmar
Slovakia
1x
Year GDP, current $
Myanmar Slovakia
2025 $81,665,773,810 $154,530,066,507
2024 $74,068,349,524 $140,934,076,532
2023 $66,757,619,000 $133,578,518,424
2022 $62,253,049,892 $115,792,972,358
2021 $66,345,291,160 $120,511,265,913
2020 $79,006,113,643 $107,732,602,896
2019 $75,065,106,228 $105,843,498,304
2018 $67,860,515,990 $106,611,673,365
2017 $66,053,040,483 $95,978,130,735
2016 $63,298,361,996 $90,347,173,229
2015 $59,607,290,408 $89,178,548,717
2014 $65,531,374,200 $101,713,075,599
2013 $60,269,732,855 $99,134,277,850
2012 $59,937,796,648 $94,724,394,278
2011 $59,977,326,086 $99,705,104,723
2010 $49,540,813,342 $91,112,160,801
2009 $36,906,181,381 $89,342,984,698
2008 $31,862,554,102 $96,685,492,864
2007 $20,182,477,481 $77,019,443,089
2006 $14,502,553,710 $57,111,148,619
2005 $11,986,972,419 $48,823,790,951
2004 $10,567,354,056 $42,960,730,480
2003 $10,467,109,978 $33,761,723,946
2002 $6,777,632,512 $24,768,142,566
2001 $6,477,790,688 $21,377,597,035
2000 $8,905,066,164 $20,626,538,612
1999 $8,486,832,801 $20,813,421,086
1998 $6,459,461,639 $22,911,708,405
1997 $4,722,288,496 $22,026,728,498
1996 $6,123,556,717 $21,864,845,214
1995 $5,289,174,943 $20,306,095,054
1994 $4,432,257,174 $16,187,735,322
1993 $3,163,020,035 $13,991,963,247
1992 $2,411,552,289 $12,932,972,789
1991 $2,069,832,687 $11,952,983,608
1990 $2,115,193,513 $17,068,924,602
1989 $2,013,448,229 -
1988 $1,541,088,312 -
1987 $1,562,448,077 -
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Myanmar vs Slovakia by year

Myanmar
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,489 - $28,544 -
2024 $1,359 $5,997 $25,993 $48,132
2023 $1,233 $5,953 $24,615 $45,974
2022 $1,158 $5,732 $21,318 $41,562
2021 $1,243 $5,178 $22,123 $38,346
2020 $1,490 $5,741 $19,735 $35,328
2019 $1,426 $6,101 $19,406 $33,986
2018 $1,298 $5,581 $19,573 $31,510
2017 $1,273 $4,706 $17,646 $30,246
2016 $1,229 $4,460 $16,636 $29,868
2015 $1,167 $4,459 $16,442 $30,148
2014 $1,293 $4,376 $18,771 $29,108
2013 $1,199 $4,144 $18,313 $28,075
2012 $1,203 $3,845 $17,517 $27,023
2011 $1,214 $3,579 $18,469 $26,202
2010 $1,011 $3,348 $16,899 $25,382
2009 $758 $3,040 $16,587 $23,077
2008 $658 $2,748 $17,974 $23,714
2007 $419 $2,459 $14,330 $21,232
2006 $303 $2,153 $10,629 $18,906
2005 $252.7 $1,860 $9,087 $16,570
2004 $224.5 $1,601 $7,997 $15,166
2003 $224.3 $1,385 $6,283 $14,088
2002 $146.6 $1,204 $4,606 $13,292
2001 $141.5 $1,069 $3,974 $12,367
2000 $196.6 $949 $3,828 $11,370
1999 $189.5 $825 $3,857 $10,726
1998 $146 $742 $4,250 $10,666
1997 $108 $702 $4,092 $10,137
1996 $141.9 $661 $4,069 $9,500
1995 $124.1 $618 $3,787 $8,812
1994 $105.4 $573 $3,028 $8,178
1993 $76.2 $529 $2,627 $7,569
1992 $58.9 $494 $2,438 $7,270
1991 $51.2 $447 $2,254 $7,623
1990 $53.1 $441 $3,221 $8,638
1989 $51.3 - - -
1988 $39.9 - - -
1987 $41.1 - - -
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 (1960–2025, retrieved 2026-07-08).

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

Myanmar's GDP per capita is $1,489, ranking 166/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Slovakia ranks 49th at $48,132.

Economic indicators

Myanmar Slovakia
Gross domestic product
$81.7B
2025
$155B
2025
GDP rank
85/197
2025
60/197
2025
GDP growth
-2.01%
2024-2025
0.81%
2024-2025
GDP per capita
$1,489
2025
$28,544
2025
GDP per capita rank
166/197
2025
46/197
2025
GDP per capita, PPP
$5,997
2024
$48,132
2024
GDP per capita PPP rank
153/197
2024
49/197
2024
Government debt
$42.4B
2025
$95.3B
2025
Debt-to-GDP ratio
51.9%
2025
61.6%
2025
Government debt per person
$773
2025
$17,597
2025
Government debt per person rank
152/185
2025
36/185
2025
Average annual personal income after taxes
$2,165
2026
$17,518
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
25.5%
2017
18.8%
2023
Income share by poorest 10%
3.8%
2017
3.3%
2023
Government expenditure, % of GDP
25.2%
2025
48.7%
2025
Consumer prices inflation
8.83%
2018-2019
4%
2024-2025
Unemployment rate
1.48%
2020
5.4%
2025
Population
55361818
5376239

Spending and national debt comparison by year

Myanmar
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Myanmar Slovakia
Government spending Government debt Government spending Government debt
2025 25.2% 51.9% 48.7% 61.6%
2024 25.8% 50.6% 47.5% 59.7%
2023 21.4% 53.2% 48.2% 55.8%
2022 21.3% 56% 43.1% 57.8%
2021 20.9% 63.4% 44.8% 60.2%
2020 21.3% 49.1% 44.5% 58.4%
2019 20.5% 37.6% 40.6% 48%
2018 18.7% 39.9% 39.7% 49.3%
2017 19.7% 41.9% 39.8% 51.4%
2016 21.3% 35.7% 40.9% 52.1%
2015 23.7% 36.6% 44.1% 51.6%
2014 24.7% 34.5% 42% 53.4%
2013 23.9% 44.8% 41.1% 54.6%
2012 20% 48% 40% 51.7%
2011 15.6% 49.9% 40.8% 43.3%
2010 15.8% 54.4% 41% 40.7%
2009 14.4% 56.4% 43.2% 36.4%
2008 14.4% 59.8% 36.5% 28.6%
2007 15.7% 77.4% 35.9% 30.4%
2006 15.6% 103.1% 38.2% 31.5%
2005 14.6% 119% 39.1% 35%
2004 14.6% 126.6% 38.4% 42%
2003 14.3% 146% 40% 43.6%
2002 15.3% 190.6% 46% 45.6%
2001 19.1% 262% 46.2% 51.4%
2000 21.4% 164.5% 53.2% 50.6%
1999 22.8% 150.7% 48.4% 47.1%
1998 25.2% 208.6% 46.2% 33.9%
1997 - - 48.6% 32.8%
1996 - - 52.8% 30.3%
1995 - - 47.8% 21.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

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

In 2025, Myanmar's government spending was $20.6B, accounting for 25.2% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 51.9% in Myanmar and 61.6% in Slovakia, ranking 101/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Slovakia
1x
Year Deficit/surplus, % of GDP
Myanmar Slovakia
2025 -4.94% -5.02%
2024 -4.11% -5.5%
2023 -2.76% -5.3%
2022 -2.75% -1.56%
2021 -2.22% -5.09%
2020 -6.5% -5.3%
2019 -4.7% -1.21%
2018 -2.77% -1.01%
2017 -3.42% -0.98%
2016 -2.53% -2.59%
2015 -4.33% -2.78%
2014 -1.06% -3.25%
2013 -1.53% -2.86%
2012 -2.7% -4.37%
2011 -4.82% -4.36%
2010 -5.4% -7.44%
2009 -3.55% -8.18%
2008 -2.73% -2.54%
2007 -3.52% -2.26%
2006 -3.42% -3.57%
2005 -3.49% -2.86%
2004 -4.62% -2.36%
2003 -4.24% -2.28%
2002 -4.01% -8.35%
2001 -6.34% -7.74%
2000 -6.03% -12.7%
1999 -4.46% -7.25%
1998 -4.89% -5.37%
1997 - -6.24%
1996 - -9.72%
1995 - -3.43%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/slovakia | 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 Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 28 years, Myanmar recorded a fiscal deficit in 28 of those years, while Slovakia ran a deficit in 28 years. On average, Myanmar posted an annual deficit equal to 3.85% of GDP, compared to deficit of 4.43% of GDP for Slovakia.

Inflation comparison by year

Inflation
Myanmar

Slovakia
1x
Year Consumer prices inflation
Myanmar Slovakia
2025 - 4%
2024 - 2.76%
2023 - 10.5%
2022 - 12.8%
2021 - 3.15%
2020 - 1.94%
2019 8.83% 2.66%
2018 6.87% 2.51%
2017 4.57% 1.31%
2016 6.93% -0.52%
2015 9.45% -0.33%
2014 4.95% -0.08%
2013 5.64% 1.4%
2012 1.47% 3.61%
2011 5.02% 3.92%
2010 7.72% 0.96%
2009 1.47% 1.62%
2008 26.8% 4.6%
2007 35% 2.76%
2006 20% 4.48%
2005 9.37% 2.71%
2004 4.53% 7.55%
2003 36.6% 8.55%
2002 57.1% 3.13%
2001 21.1% 7.33%
2000 -0.11% 12%
1999 18.4% 10.6%
1998 51.5% 6.67%
1997 29.7% 6.14%

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

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 4.07% in Slovakia. In 2019, inflation was 8.83% in Myanmar and 4% in Slovakia.

Top exports between countries

Myanmar
Export category Export value
Textiles & consumer goods $1.82M
Raw agricultural goods $269K
Processed food, beverages & tobacco $7K
Slovakia
Export category Export value
Machinery & equipment $406K
Chemicals & pharma $14K
Raw materials & minerals $4K
Animal & marine products $3K
Textiles & consumer goods $2K
Metals $1K
Processed food, beverages & tobacco $1K

Balance of trade

Myanmar Slovakia
Current account balance
$67.7M
2019
-$5.6B
2025
Current account balance ranking
66/190
2019
165/190
2025
Current account balance, % of GDP
+0.09%
2019
-3.63%
2025
Goods imports
$13.7B
2019
$117B
2025
Goods exports
$10.8B
2019
$117B
2025
Service imports
$3.66B
2019
$14.3B
2025
Service exports
$6.68B
2019
$14.7B
2025
Imports of goods and services, % of GDP n/a
85.2%
2025
Exports of goods and services, % of GDP
24.3%
2026
85.1%
2025

Economic freedom indices

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

Myanmar Slovakia
Economic freedom 44.5 67.7
Economic freedom ranking 180/197 54/197
Property rights 5.7 82.6
Government integrity 18.1 57.2
Judicial effectiveness 3.9 70.5
Tax burden 88.6 75.4
Government spending 86.6 36.4
Fiscal health 62.7 69.6
Business freedom 37.9 71.1
Labor freedom 53.2 55.1
Monetary freedom 57.5 69.7
Trade freedom 69.4 79.4
Investment freedom 30 75
Financial freedom 20 70

Economic freedom comparison by year

Myanmar
Slovakia
1x
Year Economic freedom index
Myanmar Slovakia
2026 44.5 67.7
2025 43.7 68.4
2024 42.2 68.1
2023 46.5 69
2022 49.6 69.7
2021 55.2 66.3
2020 54 66.8
2019 53.6 65
2018 53.9 65.3
2017 52.5 65.7
2016 48.7 66.6
2015 46.9 67.2
2014 46.5 66.4
2013 39.2 68.7
2012 38.7 67
2011 37.8 69.5
2010 36.7 69.7
2009 37.7 69.4
2008 39.5 70
2007 41 69.6
2006 40 69.8
2005 40.5 66.8
2004 43.6 64.6
2003 44.9 59
2002 45.5 59.8
2001 46.1 58.5
2000 47.9 53.8
1999 46.4 54.2
1998 45.7 57.5
1997 45.4 55.5
1996 45.1 57.6
1995 - 60.4

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Slovakia
Services, % of GDP
38.5%
2025
59.8%
2025
Industry, % of GDP
36.2%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
25.3%
2025
1.59%
2025
GNI, Atlas method
$72.3B
2025
$143B
2025
GNI per capita, PPP
$5,890
2025
$47,920
2025
Total reserves including gold
$9.34B
2023
$18.2B
2025
Total reserves ranking
85/177
2023
69/177
2025
Net foreign direct investment
-$1.74B
2019
-$198M
2025
Net inflows of foreign direct investment
$1.1B
2024
$5.01B
2024
Net outflows of foreign direct investment
$0
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
n/a
Poverty at national poverty lines
24.8%
2017
13.7%
2021
Gross capital formation, % of GDP n/a
20.1%
2025

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/slovakia | 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 (1995–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2020–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.