Myanmar vs Thailand: Economic Indicators Comparison

Thailand with a GDP of $505B ranked the 26th largest economy in the world, while Myanmar ranked 71st with $71.2B. By GDP 5-years average growth and GDP per capita, Thailand and Myanmar ranked 86th vs 13th and 89th vs 164th, respectively.

Gross Domestic Product & Income

StatMyanmarThailand
GDP$71.2B$505B
GDP growth, 1 year6.7%4.1%
GDP growth, 5-years average6.8%3.1%
Population53.4M65.9M
GDP per capita$1.3k$7.3k
GDP per capita growth5.56%3.8%
Purchasing Power Parity conversion factor290.1712.34
Price level ratio of PPP conversion factor GDP to market exchange rate0.290.38
GDP per capita, PPP adjusted$6.2k$19k
GNI, Atlas method$70.2B$458.7B
GNI per capita$1.3k$6.6k
GNI, PPP adjusted$348.9B$1.3T
GNI per capita, PPP adjusted$6.5k$18k

Financial system and Human development

StatMyanmarThailand
Income Tax Rate20%35%
Corporate Tax Rate30%20%
Inflation, consumer prices5.9%1.1%
Inflation, GDP deflator8.3%1.4%
Unemployment1.6%0.7%
Economic Freedom Index5469.4
Personal Freedom Index5.967.42
Human Freedom Index4.817.11
Property Rights Index32.559.5
Judical Effectiveness Index14.348
Business Freedom Index53.183
Fiscal Health Index84.696.4
Labor Freedom Index59.963.7
Investment Freedom Index3055
Financial Freedom Index2060
Trade Freedom Index70.883
Monetary Freedom Index77.574
Government Spending Index87.585.9
Tax Burden Index86.680.7
Government Integrity Index31.543.4
Corruption Perceptions Index2936
Life expectancy at birth, years66.676.7
Suicide mortality rate, per 100,000 people7.814.4
Mortality caused by road traffic injury, per 100,000 people19.932.7
Intentional homicides, per 100,000 people2.33.2
International tourism, number of arrivals3.6M38.2M

Government debt & reserves

StatMyanmarThailand
Central government debt, % of GDP38.2%42.1%
External debt stocks, % of GNI21.5%35.1%
External debt stocks$14.9B$169.2B
Short-term debt, % of total reserves15.6%29.3%
Total debt service, % of exports and primary income4.9%5.4%
Adjusted net savings including particulate emission damage, % of GNI23.1%14%
Gross savings, % of GDP29.2%32.2%
Gross capital formation, % of GDP32.8%25%
Total reserves including gold$5.6B$205.6B
Foreign direct investment net inflows$1.3B$13.4B

Exports, imports and economic structure

StatMyanmarThailand
Exports of goods and services, % of GDP20%66.8%
Imports of goods and services, % of GDP28%56.5%
Current account balance (balance of payments)-$2.1B$32.4B
Revenue excluding grants, % of GDP15.8%19.5%
Grants excluding technical cooperation, BoP$886.7M$90.4M
Personal remittances received$2.8B$7.5B
Industry including construction value added, % of GDP32.3%35%
Agriculture, forestry and fishing value added, % of GDP24.6%8.1%
Charges for the use of intellectual property, payments BoP$47.3M$5.3B
Charges for the use of intellectual property, receipts BoP$2.6M$163M
Expense, % of GDP16.8%18.5%
Government Expenditure, % of GDP20.4%21.7%

Compare with countries close by GDP per capita

Myanmar vs

CountryGDP
per capita
Population
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M

Thailand vs

CountryGDP
per capita
Population
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M