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Economy of Myanmar vs Ukraine compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $191B for Ukraine, ranking 85/197 and 57/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Myanmar vs Ukraine GDP by year

Myanmar
Ukraine
1x
Year GDP, current $
Myanmar Ukraine
2024 $74,068,349,524 $190,741,262,415
2023 $66,757,619,000 $181,221,517,869
2022 $62,253,049,903 $161,989,520,721
2021 $66,345,291,149 $199,765,859,571
2020 $79,006,113,670 $156,617,722,013
2019 $75,065,106,243 $153,883,047,510
2018 $67,860,515,993 $130,891,088,294
2017 $66,053,040,475 $112,090,505,082
2016 $63,298,361,984 $93,355,869,404
2015 $59,607,290,408 $91,030,967,789
2014 $65,531,374,210 $133,503,871,862
2013 $60,269,732,855 $190,498,811,460
2012 $59,937,796,648 $182,591,753,828
2011 $59,977,326,086 $169,333,835,202
2010 $49,540,813,342 $141,209,170,427
2009 $36,906,181,381 $121,552,153,444
2008 $31,862,554,102 $188,110,390,660
2007 $20,182,477,481 $148,733,861,386
2006 $14,502,553,710 $111,884,752,475
2005 $11,986,972,419 $89,238,865,119
2004 $10,567,354,056 $67,220,154,164
2003 $10,467,109,978 $52,010,355,753
2002 $6,777,632,512 $43,956,163,612
2001 $6,477,790,688 $39,309,580,983
2000 $8,905,066,164 $32,375,083,935
1999 $8,486,832,801 $31,580,639,554
1998 $6,459,461,639 $41,882,523,345
1997 $4,722,288,496 $50,151,531,592
1996 $6,123,556,717 $44,558,831,005
1995 $5,289,174,943 $48,213,856,469
1994 $4,432,257,174 $52,549,580,265
1993 $3,163,020,035 $65,648,559,903
1992 $2,411,552,289 $73,945,908,384
1991 $2,069,832,687 $77,350,733,982
1990 $2,115,193,513 $81,393,558,423
1989 $2,013,448,229 $82,709,161,099
1988 $1,541,088,312 $74,703,517,903
1987 $1,562,448,077 $64,087,694,038
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Myanmar vs Ukraine by year

Myanmar
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 $5,038 $18,550
2023 $1,233 $5,953 $4,803 $17,665
2022 $1,158 $5,732 $3,946 $14,770
2021 $1,243 $5,178 $4,510 $17,846
2020 $1,490 $5,741 $3,505 $15,541
2019 $1,426 $6,101 $3,423 $14,217
2018 $1,298 $5,581 $2,895 $12,555
2017 $1,273 $4,706 $2,467 $11,536
2016 $1,229 $4,460 $2,047 $10,865
2015 $1,167 $4,459 $1,988 $9,922
2014 $1,293 $4,376 $2,904 $10,494
2013 $1,199 $4,144 $4,130 $10,904
2012 $1,203 $3,845 $3,951 $9,552
2011 $1,214 $3,579 $3,657 $9,127
2010 $1,011 $3,348 $3,040 $8,453
2009 $758 $3,040 $2,607 $7,995
2008 $658 $2,748 $4,018 $9,324
2007 $419 $2,459 $3,160 $8,900
2006 $303 $2,153 $2,366 $7,971
2005 $252.7 $1,860 $1,875 $7,142
2004 $224.5 $1,601 $1,401 $6,663
2003 $224.3 $1,385 $1,076 $5,764
2002 $146.6 $1,204 $903 $5,123
2001 $141.5 $1,069 $800 $4,747
2000 $196.6 $949 $653 $4,228
1999 $189.5 $825 $632 $3,871
1998 $146 $742 $831 $3,794
1997 $108 $702 $987 $3,794
1996 $141.9 $661 $870 $3,812
1995 $124.1 $618 $933 $4,124
1994 $105.4 $573 $1,009 $4,565
1993 $76.2 $529 $1,254 $5,766
1992 $58.9 $494 $1,413 $6,568
1991 $51.2 $447 $1,483 $7,148
1990 $53.1 $441 $1,564 $7,591
1989 $51.3 - $1,593 -
1988 $39.9 - $1,444 -
1987 $41.1 - $1,244 -
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 (1960–2024, retrieved 2026-04-06).

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

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Ukraine ranks 101st at $18,550.

Economic indicators

Myanmar Ukraine
Gross domestic product
$74.1B
2024
$191B
2024
GDP rank
85/197
2024
57/197
2024
GDP growth
-0.97%
2023-2024
2.91%
2023-2024
GDP per capita
$1,359
2024
$5,038
2024
GDP per capita rank
165/197
2024
120/197
2024
GDP per capita, PPP
$5,997
2024
$18,550
2024
GDP per capita PPP rank
153/197
2024
101/197
2024
Government debt
$44B
2024
$171B
2024
Debt-to-GDP ratio
59.3%
2024
89.7%
2024
Government debt per person
$806
2024
$4,520
2024
Government debt per person rank
150/185
2024
86/185
2024
Average annual personal income after taxes
$1,646
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
25.5%
2017
21.7%
2020
Income share by poorest 10%
3.8%
2017
4.3%
2020
Government expenditure, % of GDP
20.7%
2024
71.3%
2024
Consumer prices inflation
8.83%
2018-2019
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
1.48%
2020
9.83%
2021
Population
55292116
40125599

Spending and national debt comparison by year

Myanmar
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Myanmar Ukraine
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 71.3% 89.7%
2023 21.4% 59.1% 73.4% 81.2%
2022 21.3% 56.1% 65.4% 77.7%
2021 20.9% 63.4% 40.5% 48.9%
2020 21.3% 49.1% 45.6% 60.5%
2019 20.5% 37.6% 41.5% 50.5%
2018 18.7% 39.9% 41.9% 60.4%
2017 19.7% 41.9% 41.7% 71.6%
2016 21.3% 35.7% 40.8% 79.5%
2015 23.7% 36.6% 43% 79.3%
2014 24.7% 34.5% 44.8% 70.3%
2013 23.9% 44.8% 48.1% 40.5%
2012 20% 48% 49% 37.5%
2011 15.6% 49.9% 45.7% 36.9%
2010 15.8% 54.4% 49.2% 40.6%
2009 14.4% 56.4% 48.6% 35.4%
2008 14.4% 59.8% 47.1% 20.4%
2007 15.7% 77.4% 43.7% 12.3%
2006 15.6% 103.1% 44.6% 14.8%
2005 14.6% 119% 44.2% 17.7%
2004 14.6% 126.6% 41.6% 24.8%
2003 14.3% 146% 38.9% 29.4%
2002 15.3% 190.6% 37.9% 33.6%
2001 19.1% 262% 36.7% 36.7%
2000 21.4% 164.5% 35.5% 43.8%
1999 22.8% 150.7% 25.8% 59%
1998 25.2% 208.6% 37.1% 46.5%
1997 - - 40.8% 28.9%
1996 - - 36.9% 24.4%
1995 - - 41.3% 30.2%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

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

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 89.7% in Ukraine, ranking 81/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Ukraine
1x
Year Deficit/surplus, % of GDP
Myanmar Ukraine
2024 -5.06% -17.2%
2023 -5.18% -19.3%
2022 -2.82% -15.6%
2021 -2.47% -3.97%
2020 -6.5% -5.92%
2019 -4.7% -2.08%
2018 -2.77% -2.12%
2017 -3.42% -2.36%
2016 -2.53% -2.46%
2015 -4.33% -1.16%
2014 -1.06% -4.46%
2013 -1.53% -4.78%
2012 -2.7% -4.31%
2011 -4.82% -2.76%
2010 -5.4% -5.77%
2009 -3.55% -6.27%
2008 -2.73% -3.14%
2007 -3.52% -1.97%
2006 -3.42% -1.36%
2005 -3.49% -2.28%
2004 -4.62% -4.41%
2003 -4.24% -0.89%
2002 -4.01% -1.84%
2001 -6.34% -3.03%
2000 -6.03% -3.19%
1999 -4.46% 4.95%
1998 -4.89% -2.69%
1997 - -5.37%
1996 - -3.09%
1995 - -4.72%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/myanmar/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of those years, while Ukraine ran a deficit in 26 years. On average, Myanmar posted an annual deficit equal to 3.95% of GDP, compared to deficit of 4.46% of GDP for Ukraine.

Inflation comparison by year

Inflation
Myanmar

Ukraine
1x
Year Consumer prices inflation
Myanmar Ukraine
2024 - 6.5%
2023 - 12.9%
2022 - 20.2%
2021 - 9.4%
2020 - 2.7%
2019 8.83% 7.9%
2018 6.87% 10.9%
2017 4.57% 14.4%
2016 6.93% 13.9%
2015 9.45% 48.7%
2014 4.95% 12.1%
2013 5.64% -0.3%
2012 1.47% 0.6%
2011 5.02% 8%
2010 7.72% 9.4%
2009 1.47% 15.9%
2008 26.8% 25.2%
2007 35% 12.8%
2006 20% 9.1%
2005 9.37% 13.5%
2004 4.53% 9%
2003 36.6% 5.2%
2002 57.1% 0.8%
2001 21.1% 12%
2000 -0.11% 28.2%
1999 18.4% 22.7%
1998 51.5% 10.6%
1997 29.7% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2019, retrieved 2026-04-06).

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 13.3% in Ukraine. In 2019, inflation was 8.83% in Myanmar and 6.5% in Ukraine.

Top exports between countries

Myanmar
Export category Export value
Raw agricultural goods $2.31M
Textiles & consumer goods $963K
Chemicals & pharma $66K
Machinery & equipment $60K
Raw materials & minerals $25K
Wood & paper products $20K
Ukraine
Export category Export value
Machinery & equipment $10.6M
Raw agricultural goods $7.33M
Raw materials & minerals $427K
Wood & paper products $220K
Processed food, beverages & tobacco $96K
Animal & marine products $87K
Chemicals & pharma $71K
Metals $1K

Balance of trade

Myanmar Ukraine
Current account balance
$67.7M
2019
-$15.1B
2024
Current account balance ranking
71/190
2019
179/190
2024
Current account balance, % of GDP
+0.09%
2019
-7.94%
2024
Goods imports
$13.7B
2019
$72.3B
2024
Goods exports
$10.8B
2019
$39.3B
2024
Service imports
$3.66B
2019
$22.9B
2024
Service exports
$6.68B
2019
$17.3B
2024
Imports of goods and services, % of GDP n/a
48.3%
2024
Exports of goods and services, % of GDP
24.3%
2025
29.4%
2024

Economic freedom indices

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

Myanmar Ukraine
Economic freedom 44.5 54.1
Economic freedom ranking 180/197 135/197
Property rights 5.7 21.6
Government integrity 18.1 35
Judicial effectiveness 3.9 28.2
Tax burden 88.6 83.7
Government spending 86.6 0
Fiscal health 62.7 3.9
Business freedom 37.9 57.4
Labor freedom 53.2 46.9
Monetary freedom 57.5 65.7
Trade freedom 69.4 73
Investment freedom 30 35
Financial freedom 20 30

Economic freedom comparison by year

Myanmar
Ukraine
1x
Year Economic freedom index
Myanmar Ukraine
2026 44.5 -
2025 43.7 -
2024 42.2 -
2023 46.5 -
2022 49.6 54.1
2021 55.2 56.2
2020 54 54.9
2019 53.6 52.3
2018 53.9 51.9
2017 52.5 48.1
2016 48.7 46.8
2015 46.9 46.9
2014 46.5 49.3
2013 39.2 46.3
2012 38.7 46.1
2011 37.8 45.8
2010 36.7 46.4
2009 37.7 48.8
2008 39.5 51
2007 41 51.5
2006 40 54.4
2005 40.5 55.8
2004 43.6 53.7
2003 44.9 51.1
2002 45.5 48.2
2001 46.1 48.5
2000 47.9 47.8
1999 46.4 43.7
1998 45.7 40.4
1997 45.4 43.5
1996 45.1 40.6
1995 - 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Ukraine
Services, % of GDP
41.4%
2024
60.6%
2024
Industry, % of GDP
37.8%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
7.11%
2024
GNI, Atlas method
$65.9B
2024
$184B
2024
GNI per capita, PPP
$5,890
2024
$18,560
2024
Total reserves including gold
$9.34B
2023
$43.8B
2024
Total reserves ranking
81/177
2023
46/177
2024
Net foreign direct investment
-$1.74B
2019
-$3.71B
2024
Net inflows of foreign direct investment
$1.1B
2024
$4.02B
2024
Net outflows of foreign direct investment
$0
2024
$305M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
5.42%
2024
Poverty at national poverty lines
24.8%
2017
23.2%
2020
Gross capital formation, % of GDP n/a
18.6%
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/ukraine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1995–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2020–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.