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Economy of Myanmar vs Thailand compared: GDP & Debt

Updated on by Georank

Myanmar has a GDP of $81.7B compared to $577B for Thailand, ranking 85/197 and 30/197 by economy size, respectively.

Myanmar has $42.4B in government debt (51.9% of GDP), compared to $373B (64.7% of GDP) in Thailand.

Myanmar vs Thailand GDP by year

Myanmar
Thailand
1x
Year GDP, current $
Myanmar Thailand
2025 $81,665,773,810 $577,009,981,112
2024 $74,068,349,524 $529,385,520,942
2023 $66,757,619,000 $517,013,369,475
2022 $62,253,049,892 $495,691,837,308
2021 $66,345,291,160 $506,049,783,825
2020 $79,006,113,643 $500,274,927,779
2019 $75,065,106,228 $543,976,691,794
2018 $67,860,515,990 $506,754,208,404
2017 $66,053,040,483 $456,356,813,537
2016 $63,298,361,996 $413,366,349,748
2015 $59,607,290,408 $401,296,238,228
2014 $65,531,374,200 $407,339,040,198
2013 $60,269,732,855 $420,333,654,593
2012 $59,937,796,648 $397,558,325,279
2011 $59,977,326,086 $370,818,739,624
2010 $49,540,813,342 $341,104,766,329
2009 $36,906,181,381 $281,710,630,187
2008 $31,862,554,102 $291,382,982,431
2007 $20,182,477,481 $262,942,621,455
2006 $14,502,553,710 $221,758,296,022
2005 $11,986,972,419 $189,318,408,469
2004 $10,567,354,056 $172,895,685,155
2003 $10,467,109,978 $152,280,615,246
2002 $6,777,632,512 $134,300,904,400
2001 $6,477,790,688 $120,296,476,180
2000 $8,905,066,164 $126,392,224,254
1999 $8,486,832,801 $126,669,211,779
1998 $6,459,461,639 $113,675,596,788
1997 $4,722,288,496 $150,180,456,566
1996 $6,123,556,717 $183,035,237,429
1995 $5,289,174,943 $169,278,916,593
1994 $4,432,257,174 $146,683,778,959
1993 $3,163,020,035 $128,889,262,951
1992 $2,411,552,289 $111,452,746,518
1991 $2,069,832,687 $98,234,714,971
1990 $2,115,193,513 $85,343,190,719
1989 $2,013,448,229 $72,250,748,100
1988 $1,541,088,312 $61,667,253,471
1987 $1,562,448,077 $50,535,446,555
1986 $1,582,873,750 $43,096,773,981
1985 $1,478,908,173 $38,900,711,333
1984 $1,304,063,253 $41,797,647,776
1983 $1,381,573,615 $40,042,798,388
1982 $1,481,165,468 $36,589,772,404
1981 $1,111,000,765 $34,846,039,194
1980 $1,038,225,167 $32,353,514,989
1979 $952,265,043 $27,371,650,825
1978 $935,408,775 $24,006,566,637
1977 $873,579,932 $19,779,312,261
1976 $1,204,699,849 $16,985,208,648
1975 $1,061,107,354 $14,882,770,594
1974 $1,225,589,878 $13,702,998,512
1973 $719,754,655 $10,838,587,358
1972 $662,213,083 $8,177,873,151
1971 $587,448,405 $7,375,000,024
1970 $563,555,631 $7,086,538,438
1969 $571,854,215 $6,695,336,567
1968 $559,956,130 $6,081,009,428
1967 $420,359,036 $5,638,461,442
1966 $293,103,479 $5,279,230,817
1965 $367,053,117 $4,388,937,649
1964 $411,419,906 $3,889,129,942
1963 $598,998,419 $3,540,403,457
1962 $634,528,872 $3,308,912,797
1961 $605,581,577 $3,034,037,811
1960 $545,098,448 $2,760,750,861

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Myanmar vs Thailand by year

Myanmar
GDP per capita

GDP per capita, PPP
Thailand
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Thailand
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,489 - $8,057 -
2024 $1,359 $5,997 $7,387 $24,712
2023 $1,233 $5,953 $7,211 $23,519
2022 $1,158 $5,732 $6,910 $22,243
2021 $1,243 $5,178 $7,055 $20,243
2020 $1,490 $5,741 $6,983 $19,164
2019 $1,426 $6,101 $7,606 $19,963
2018 $1,298 $5,581 $7,100 $18,876
2017 $1,273 $4,706 $6,413 $17,573
2016 $1,229 $4,460 $5,834 $16,671
2015 $1,167 $4,459 $5,689 $15,791
2014 $1,293 $4,376 $5,801 $15,365
2013 $1,199 $4,144 $6,018 $15,216
2012 $1,203 $3,845 $5,726 $14,617
2011 $1,214 $3,579 $5,374 $13,227
2010 $1,011 $3,348 $4,974 $12,932
2009 $758 $3,040 $4,135 $11,964
2008 $658 $2,748 $4,309 $12,062
2007 $419 $2,459 $3,919 $11,723
2006 $303 $2,153 $3,331 $10,912
2005 $252.7 $1,860 $2,868 $10,169
2004 $224.5 $1,601 $2,642 $9,545
2003 $224.3 $1,385 $2,348 $8,824
2002 $146.6 $1,204 $2,090 $8,148
2001 $141.5 $1,069 $1,890 $7,632
2000 $196.6 $949 $2,006 $7,289
1999 $189.5 $825 $2,033 $6,901
1998 $146 $742 $1,848 $6,590
1997 $108 $702 $2,473 $7,148
1996 $141.9 $661 $3,055 $7,322
1995 $124.1 $618 $2,864 $6,901
1994 $105.4 $573 $2,518 $6,341
1993 $76.2 $529 $2,245 $5,834
1992 $58.9 $494 $1,972 $5,347
1991 $51.2 $447 $1,766 $4,914
1990 $53.1 $441 $1,559 $4,451
1989 $51.3 - $1,342 -
1988 $39.9 - $1,164 -
1987 $41.1 - $970 -
1986 $42.4 - $842 -
1985 $40.4 - $774 -
1984 $36.3 - $847 -
1983 $39.3 - $827 -
1982 $43 - $770 -
1981 $32.8 - $748 -
1980 $31.2 - $709 -
1979 $29.2 - $612 -
1978 $29.3 - $548 -
1977 $27.9 - $462 -
1976 $39.2 - $405 -
1975 $35.2 - $364 -
1974 $41.4 - $343 -
1973 $24.8 - $278.3 -
1972 $23.3 - $215.6 -
1971 $21.1 - $199.7 -
1970 $20.7 - $197.1 -
1969 $21.5 - $191.4 -
1968 $21.5 - $178.8 -
1967 $16.5 - $170.7 -
1966 $11.8 - $164.5 -
1965 $15.1 - $140.9 -
1964 $17.3 - $128.6 -
1963 $25.8 - $120.7 -
1962 $27.9 - $116.2 -
1961 $27.3 - $109.7 -
1960 $25.1 - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Myanmar's GDP per capita is $1,489, ranking 166/197, compared to $8,057 in Thailand, ranking 97/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Thailand ranks 85th at $24,712.

Economic indicators

Myanmar Thailand
Gross domestic product
$81.7B
2025
$577B
2025
GDP rank
85/197
2025
30/197
2025
GDP growth
-2.01%
2024-2025
2.44%
2024-2025
GDP per capita
$1,489
2025
$8,057
2025
GDP per capita rank
166/197
2025
97/197
2025
GDP per capita, PPP
$5,997
2024
$24,712
2024
GDP per capita PPP rank
153/197
2024
85/197
2024
Government debt
$42.4B
2025
$373B
2025
Debt-to-GDP ratio
51.9%
2025
64.7%
2025
Government debt per person
$773
2025
$5,211
2025
Government debt per person rank
152/185
2025
83/185
2025
Average annual personal income after taxes
$2,165
2026
$7,438
2026
Market capitalization of domestic companies n/a
$512B
2025
Number of millionaires n/a
100,001
2024
Number of billionaires n/a
25
2026
Income share by richest 10%
25.5%
2017
26%
2024
Income share by poorest 10%
3.8%
2017
3.4%
2024
Government expenditure, % of GDP
25.2%
2025
23%
2025
Consumer prices inflation
8.83%
2018-2019
-0.13%
2024-2025
Central bank interest rate n/a
1.5%
2025
Unemployment rate
1.48%
2020
0.6%
2025
Population
55361818
71565981

Spending and national debt comparison by year

Myanmar
Spending

Debt
Thailand
Spending

Debt
1x
Year % of GDP
Myanmar Thailand
Government spending Government debt Government spending Government debt
2025 25.2% 51.9% 23% 64.7%
2024 25.8% 50.6% 22.6% 62.9%
2023 21.4% 53.2% 22.7% 62.2%
2022 21.3% 56% 24.7% 60.5%
2021 20.9% 63.4% 26.8% 58.4%
2020 21.3% 49.1% 24.9% 49.4%
2019 20.5% 37.6% 20.6% 41.1%
2018 18.7% 39.9% 21.2% 41.9%
2017 19.7% 41.9% 21.6% 41.8%
2016 21.3% 35.7% 21.4% 41.7%
2015 23.7% 36.6% 22.3% 42.6%
2014 24.7% 34.5% 22.2% 43.3%
2013 23.9% 44.8% 21.6% 42.2%
2012 20% 48% 22.3% 41.9%
2011 15.6% 49.9% 21.1% 39.1%
2010 15.8% 54.4% 22% 39.8%
2009 14.4% 56.4% 21.7% 42.4%
2008 14.4% 59.8% 19.2% 34.9%
2007 15.7% 77.4% 20% 36%
2006 15.6% 103.1% 18.7% 39.2%
2005 14.6% 119% 19.6% 45.5%
2004 14.6% 126.6% 19.3% 46.3%
2003 14.3% 146% 18.3% 47.5%
2002 15.3% 190.6% 25.7% 54.9%
2001 19.1% 262% 20.8% 57.5%
2000 21.4% 164.5% 19.3% 57.8%
1999 22.8% 150.7% 26.5% 56.6%
1998 25.2% 208.6% 23.9% 49.9%
1997 - - 21.6% 40.5%
1996 - - 18% 15.2%
1995 - - 17.2% 5.12%
1994 - - 16% 6.69%
1993 - - 18.8% 9.14%
1992 - - 17.8% 11.4%
1991 - - 17% 14.1%
1990 - - 16.6% 18%
1989 - - 16.5% 23.7%
1988 - - 15.1% 30.3%
1987 - - 17.5% 38.8%
1986 - - 19.5% 40.1%
1985 - - 20.5% 36.8%
1984 - - 19.3% 30.6%
1983 - - 19.5% 28.9%
1982 - - 20.2% 27.1%
1981 - - 19.1% 24.4%
1980 - - 18.7% 22.1%
1979 - - 16.9% 23.7%
1978 - - 16.6% 22.8%
1977 - - 16.1% 22.4%
1976 - - 15.6% 22%
1975 - - 14.2% 15.8%
1974 - - 13.2% 16.3%
1973 - - 15.9% 21.2%
1972 - - 18.5% 26.8%
1971 - - 18.8% 21.5%
1970 - - 17.6% 18.5%
1969 - - 15.9% 17.7%
1968 - - 16% 15.5%
1967 - - 15.5% 15%
1966 - - 14.7% 14.4%
1965 - - 14.7% 14.8%
1964 - - 13.3% 13.3%
1963 - - 12% 12.6%
1962 - - 11.9% 13.4%
1961 - - 9.58% 12.9%
1960 - - 12.1% 14.3%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1995, retrieved 2026-07-08).

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

In 2025, Myanmar's government spending was $20.6B, accounting for 25.2% of its GDP, while Thailand spent $133B, or 23% of GDP.

Debt-to-GDP ratio is 51.9% in Myanmar and 64.7% in Thailand, ranking 101/185 and 67/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Thailand
1x
Year Deficit/surplus, % of GDP
Myanmar Thailand
2025 -4.94% -1.91%
2024 -4.11% -1.29%
2023 -2.76% -1.91%
2022 -2.75% -4.61%
2021 -2.22% -6.72%
2020 -6.5% -4.47%
2019 -4.7% 0.43%
2018 -2.77% 0.2%
2017 -3.42% -0.51%
2016 -2.53% 0.41%
2015 -4.33% 0.19%
2014 -1.06% -0.7%
2013 -1.53% 0.6%
2012 -2.7% -0.86%
2011 -4.82% 0.09%
2010 -5.4% -1.07%
2009 -3.55% -2.21%
2008 -2.73% 0.8%
2007 -3.52% 0.22%
2006 -3.42% 1.87%
2005 -3.49% 2.17%
2004 -4.62% 1.11%
2003 -4.24% 1.98%
2002 -4.01% -6.72%
2001 -6.34% -1.77%
2000 -6.03% -1.79%
1999 -4.46% -9.02%
1998 -4.89% -6.29%
1997 - -1.68%
1996 - 2.75%
1995 - 3.05%
1994 - 2.78%
1993 - 6.67%
1992 - -0.18%
1991 - 1.6%
1990 - 1.41%
1989 - 0.16%
1988 - 0.58%
1987 - -2.38%
1986 - -4.32%
1985 - -5.11%
1984 - -3.85%
1983 - -4.02%
1982 - -6.18%
1981 - -4.07%
1980 - -4.41%
1979 - -3.62%
1978 - -3.31%
1977 - -2.91%
1976 - -3.35%
1975 - -1.73%
1974 - 1.29%
1973 - -2.7%
1972 - -4.81%
1971 - -5.47%
1970 - -3.73%
1969 - -2.53%
1968 - -2.79%
1967 - -2.1%
1966 - -1.13%
1965 - -1.05%
1964 - -1.01%
1963 - -0.81%
1962 - -0.27%
1961 - 0.05%
1960 - 0.48%
1959 - -1.15%
1958 - -0.91%
1957 - -1.31%
1956 - -1.38%
1955 - -1.65%
1954 - -3.46%
1953 - -3.56%
1952 - -2.4%
1951 - -3.54%
1950 - -0.7%
1949 - 0.7%
1948 - -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1948–1994, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/thailand | 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 Thailand's deficit of $11B, or 1.91% of GDP.

Over the past 28 years, Myanmar recorded a fiscal deficit in 28 of those years, while Thailand ran a deficit in 16 years. On average, Myanmar posted an annual deficit equal to 3.85% of GDP, compared to deficit of 1.49% of GDP for Thailand.

Inflation comparison by year

Inflation
Myanmar

Thailand
1x
Year Consumer prices inflation
Myanmar Thailand
2025 - -0.13%
2024 - 0.4%
2023 - 1.23%
2022 - 6.08%
2021 - 1.23%
2020 - -0.85%
2019 8.83% 0.71%
2018 6.87% 1.07%
2017 4.57% 0.66%
2016 6.93% 0.19%
2015 9.45% -0.9%
2014 4.95% 1.89%
2013 5.64% 2.19%
2012 1.47% 3.01%
2011 5.02% 3.81%
2010 7.72% 3.25%
2009 1.47% -0.85%
2008 26.8% 5.47%
2007 35% 2.24%
2006 20% 4.64%
2005 9.37% 4.54%
2004 4.53% 2.76%
2003 36.6% 1.8%
2002 57.1% 0.7%
2001 21.1% 1.63%
2000 -0.11% 1.59%
1999 18.4% 0.28%
1998 51.5% 7.99%
1997 29.7% 5.63%

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

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 2.36% in Thailand. In 2019, inflation was 8.83% in Myanmar and -0.13% in Thailand.

Top exports between countries

Myanmar
Export category Export value
Raw materials & minerals $1.84B
Raw agricultural goods $684M
Animal & marine products $254M
Machinery & equipment $63.1M
Processed food, beverages & tobacco $38.3M
Metals $35.1M
Textiles & consumer goods $28.6M
Wood & paper products $3.07M
Chemicals & pharma $1.06M
Miscellaneous $272K
Thailand
Export category Export value
Processed food, beverages & tobacco $1.19B
Machinery & equipment $957M
Chemicals & pharma $751M
Raw materials & minerals $590M
Textiles & consumer goods $288M
Metals $260M
Animal & marine products $153M
Raw agricultural goods $108M
Wood & paper products $56.5M
Precious metals & jewellery $46.7M

Balance of trade

Myanmar Thailand
Current account balance
$67.7M
2019
$15.9B
2025
Current account balance ranking
66/190
2019
20/190
2025
Current account balance, % of GDP
+0.09%
2019
+2.76%
2025
Goods imports
$13.7B
2019
$312B
2025
Goods exports
$10.8B
2019
$335B
2025
Service imports
$3.66B
2019
$77.2B
2025
Service exports
$6.68B
2019
$76.2B
2025
Imports of goods and services, % of GDP n/a
67.3%
2025
Exports of goods and services, % of GDP
24.3%
2026
71.1%
2025

Economic freedom indices

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

Myanmar Thailand
Economic freedom 44.5 62.2
Economic freedom ranking 180/197 88/197
Property rights 5.7 41.8
Government integrity 18.1 38.9
Judicial effectiveness 3.9 35
Tax burden 88.6 80.8
Government spending 86.6 83.6
Fiscal health 62.7 81
Business freedom 37.9 69.9
Labor freedom 53.2 56.4
Monetary freedom 57.5 73.3
Trade freedom 69.4 70.2
Investment freedom 30 55
Financial freedom 20 60

Economic freedom comparison by year

Myanmar
Thailand
1x
Year Economic freedom index
Myanmar Thailand
2026 44.5 62.2
2025 43.7 60.6
2024 42.2 59
2023 46.5 60.6
2022 49.6 63.2
2021 55.2 69.7
2020 54 69.4
2019 53.6 68.3
2018 53.9 67.1
2017 52.5 66.2
2016 48.7 63.9
2015 46.9 62.4
2014 46.5 63.3
2013 39.2 64.1
2012 38.7 64.9
2011 37.8 64.7
2010 36.7 64.1
2009 37.7 63
2008 39.5 62.3
2007 41 63.5
2006 40 63.3
2005 40.5 62.5
2004 43.6 63.7
2003 44.9 65.8
2002 45.5 69.1
2001 46.1 68.9
2000 47.9 66.6
1999 46.4 66.9
1998 45.7 67.3
1997 45.4 66.1
1996 45.1 71
1995 - 71.3

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 62.2 for Thailand, ranking 88/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Thailand
Services, % of GDP
38.5%
2025
60.2%
2025
Industry, % of GDP
36.2%
2025
31.1%
2025
Agriculture, forestry, and fishing, % of GDP
25.3%
2025
8.75%
2025
GNI, Atlas method
$72.3B
2025
$551B
2025
GNI per capita, PPP
$5,890
2025
$25,570
2025
Total reserves including gold
$9.34B
2023
$282B
2025
Total reserves ranking
85/177
2023
15/177
2025
Net foreign direct investment
-$1.74B
2019
-$9.51B
2025
Net inflows of foreign direct investment
$1.1B
2024
$14.3B
2024
Net outflows of foreign direct investment
$0
2024
$7.36B
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
3.51%
2024
Poverty at national poverty lines
24.8%
2017
5.4%
2022
Gross capital formation, % of GDP n/a
22.1%
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/thailand | 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. International Monetary Fund (IMF) | Public Finances in Modern History (1948–1995, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.