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Economy of Myanmar vs United States compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $28.8T for the United States, ranking 85/197 and 1/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $35.2T (122.3% of GDP) in the United States.

Myanmar vs United States GDP by year

Myanmar
United States
1x
Year GDP, current $
Myanmar United States
2024 $74,068,349,524 $28,750,956,130,731
2023 $66,757,619,000 $27,292,170,793,214
2022 $62,253,049,903 $25,604,848,907,611
2021 $66,345,291,149 $23,315,080,560,000
2020 $79,006,113,670 $21,060,473,613,000
2019 $75,065,106,243 $21,380,976,119,000
2018 $67,860,515,993 $20,533,057,312,000
2017 $66,053,040,475 $19,477,336,549,000
2016 $63,298,361,984 $18,695,110,842,000
2015 $59,607,290,408 $18,206,020,741,000
2014 $65,531,374,210 $17,550,680,174,000
2013 $60,269,732,855 $16,843,190,993,000
2012 $59,937,796,648 $16,253,972,230,000
2011 $59,977,326,086 $15,599,728,123,000
2010 $49,540,813,342 $15,048,964,444,000
2009 $36,906,181,381 $14,478,064,934,000
2008 $31,862,554,102 $14,769,857,911,000
2007 $20,182,477,481 $14,474,226,905,000
2006 $14,502,553,710 $13,815,586,948,000
2005 $11,986,972,419 $13,039,199,193,000
2004 $10,567,354,056 $12,217,193,198,000
2003 $10,467,109,978 $11,456,442,041,000
2002 $6,777,632,512 $10,929,112,955,000
2001 $6,477,790,688 $10,581,929,774,000
2000 $8,905,066,164 $10,250,947,997,000
1999 $8,486,832,801 $9,631,174,489,000
1998 $6,459,461,639 $9,062,818,202,000
1997 $4,722,288,496 $8,577,554,457,000
1996 $6,123,556,717 $8,073,122,000,000
1995 $5,289,174,943 $7,639,749,000,000
1994 $4,432,257,174 $7,287,236,000,000
1993 $3,163,020,035 $6,858,559,000,000
1992 $2,411,552,289 $6,520,327,000,000
1991 $2,069,832,687 $6,158,129,000,000
1990 $2,115,193,513 $5,963,144,000,000
1989 $2,013,448,229 $5,641,580,000,000
1988 $1,541,088,312 $5,236,438,000,000
1987 $1,562,448,077 $4,855,215,000,000
1986 $1,582,873,750 $4,579,631,000,000
1985 $1,478,908,173 $4,338,979,000,000
1984 $1,304,063,253 $4,037,613,000,000
1983 $1,381,573,615 $3,634,038,000,000
1982 $1,481,165,468 $3,343,789,000,000
1981 $1,111,000,765 $3,207,041,000,000
1980 $1,038,225,167 $2,857,307,000,000
1979 $952,265,043 $2,627,333,000,000
1978 $935,408,775 $2,351,599,000,000
1977 $873,579,932 $2,081,826,000,000
1976 $1,204,699,849 $1,873,412,000,000
1975 $1,061,107,354 $1,684,904,000,000
1974 $1,225,589,878 $1,545,243,000,000
1973 $719,754,655 $1,425,376,000,000
1972 $662,213,083 $1,279,110,000,000
1971 $587,448,405 $1,164,850,000,000
1970 $563,555,631 $1,073,303,000,000
1969 $571,854,215 $1,017,438,172,414
1968 $559,956,130 $940,225,000,000
1967 $420,359,036 $859,620,034,483
1966 $293,103,479 $813,032,758,621
1965 $367,053,117 $741,904,862,069
1964 $411,419,906 $684,144,620,690
1963 $598,998,419 $637,058,551,724
1962 $634,528,872 $603,639,413,793
1961 $605,581,577 $561,940,310,345
1960 $545,098,448 $541,988,586,207

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

GeoRank.org/economy/myanmar/united-states | CC BY

GDP per capita in Myanmar vs United States by year

Myanmar
GDP per capita

GDP per capita, PPP
United States
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar United States
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 $84,534 $85,810
2023 $1,233 $5,953 $81,490 $82,305
2022 $1,158 $5,732 $76,829 $77,861
2021 $1,243 $5,178 $70,249 $71,307
2020 $1,490 $5,741 $63,526 $64,402
2019 $1,426 $6,101 $65,120 $65,228
2018 $1,298 $5,581 $62,823 $62,876
2017 $1,273 $4,706 $59,908 $60,048
2016 $1,229 $4,460 $57,867 $57,977
2015 $1,167 $4,459 $56,763 $56,849
2014 $1,293 $4,376 $55,124 $55,153
2013 $1,199 $4,144 $53,291 $53,297
2012 $1,203 $3,845 $51,784 $51,708
2011 $1,214 $3,579 $50,066 $50,025
2010 $1,011 $3,348 $48,651 $48,643
2009 $758 $3,040 $47,195 $47,195
2008 $658 $2,748 $48,570 $48,570
2007 $419 $2,459 $48,050 $48,050
2006 $303 $2,153 $46,302 $46,302
2005 $252.7 $1,860 $44,123 $44,123
2004 $224.5 $1,601 $41,725 $41,725
2003 $224.3 $1,385 $39,490 $39,490
2002 $146.6 $1,204 $37,998 $37,998
2001 $141.5 $1,069 $37,134 $37,134
2000 $196.6 $949 $36,330 $36,330
1999 $189.5 $825 $34,484 $34,515
1998 $146 $742 $32,823 $32,854
1997 $108 $702 $31,430 $31,459
1996 $141.9 $661 $29,937 $29,968
1995 $124.1 $618 $28,661 $28,691
1994 $105.4 $573 $27,662 $27,695
1993 $76.2 $529 $26,353 $26,387
1992 $58.9 $494 $25,381 $25,419
1991 $51.2 $447 $24,293 $24,342
1990 $53.1 $441 $23,840 $23,889
1989 $51.3 - $22,857 -
1988 $39.9 - $21,417 -
1987 $41.1 - $20,039 -
1986 $42.4 - $19,071 -
1985 $40.4 - $18,237 -
1984 $36.3 - $17,121 -
1983 $39.3 - $15,544 -
1982 $43 - $14,434 -
1981 $32.8 - $13,976 -
1980 $31.2 - $12,613 -
1979 $29.2 - $11,674 -
1978 $29.3 - $10,565 -
1977 $27.9 - $9,453 -
1976 $39.2 - $8,592 -
1975 $35.2 - $7,801 -
1974 $41.4 - $7,226 -
1973 $24.8 - $6,726 -
1972 $23.3 - $6,094 -
1971 $21.1 - $5,609 -
1970 $20.7 - $5,234 -
1969 $21.5 - $5,020 -
1968 $21.5 - $4,685 -
1967 $16.5 - $4,326 -
1966 $11.8 - $4,136 -
1965 $15.1 - $3,818 -
1964 $17.3 - $3,565 -
1963 $25.8 - $3,366 -
1962 $27.9 - $3,236 -
1961 $27.3 - $3,059 -
1960 $25.1 - $3,000 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06); U.S. Census Bureau (1960–2024, retrieved 2026-02-08).

GeoRank.org/economy/myanmar/united-states | CC BY

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $84,534 in the United States, ranking 10/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while the United States ranks 12th at $85,810.

Economic indicators

Myanmar United States
Gross domestic product
$74.1B
2024
$28.8T
2024
GDP rank
85/197
2024
1/197
2024
GDP growth
-0.97%
2023-2024
2.79%
2023-2024
GDP per capita
$1,359
2024
$84,534
2024
GDP per capita rank
165/197
2024
10/197
2024
GDP per capita, PPP
$5,997
2024
$85,810
2024
GDP per capita PPP rank
153/197
2024
12/197
2024
Government debt
$44B
2024
$35.2T
2024
Debt-to-GDP ratio
59.3%
2024
122.3%
2024
Government debt per person
$806
2024
$103,404
2024
Government debt per person rank
150/185
2024
2/185
2024
Average annual personal income after taxes
$1,646
2026
$53,202
2026
Market capitalization of domestic companies n/a
$62.2T
2024
Number of millionaires n/a
23,831,000
2025
Number of billionaires n/a
902
2025
Income share by richest 10%
25.5%
2017
30.4%
2023
Income share by poorest 10%
3.8%
2017
1.8%
2023
Government expenditure, % of GDP
20.7%
2024
37.9%
2024
Consumer prices inflation
8.83%
2018-2019
2.95%
2023-2024
Central bank interest rate n/a
3.75%
2025
Unemployment rate
1.48%
2020
4.02%
2024
Population
55292116
344023146

Spending and national debt comparison by year

Myanmar
Spending

Debt
United States
Spending

Debt
1x
Year % of GDP
Myanmar United States
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 37.9% 122.3%
2023 21.4% 59.1% 37.7% 119.8%
2022 21.3% 56.1% 36.8% 119.1%
2021 20.9% 63.4% 43.2% 125%
2020 21.3% 49.1% 44.7% 132.5%
2019 20.5% 37.6% 35.8% 108.8%
2018 18.7% 39.9% 35.3% 107.6%
2017 19.7% 41.9% 35.2% 106.4%
2016 21.3% 35.7% 35.3% 107.4%
2015 23.7% 36.6% 35% 105.4%
2014 24.7% 34.5% 35.3% 104.9%
2013 23.9% 44.8% 35.8% 105%
2012 20% 48% 37.2% 103.7%
2011 15.6% 49.9% 38.8% 100%
2010 15.8% 54.4% 39.8% 95.6%
2009 14.4% 56.4% 41.4% 87.1%
2008 14.4% 59.8% 37.1% 73.8%
2007 15.7% 77.4% 34.6% 64.9%
2006 15.6% 103.1% 33.7% 64.5%
2005 14.6% 119% 33.9% 65.8%
2004 14.6% 126.6% 33.7% 66.4%
2003 14.3% 146% 34% 59%
2002 15.3% 190.6% 33.7% 55.9%
2001 19.1% 262% 32.8% 53.5%
2000 21.4% 164.5% 31.7% 54.5%
1999 22.8% 150.7% 32.2% 60.5%
1998 25.2% 208.6% 32.8% 64.2%
1997 - - 33.7% 67.4%
1996 - - 34.7% 69.9%
1995 - - 35.5% 70.7%
1994 - - 35.5% 71.1%
1993 - - 36.4% 71.9%
1992 - - 36.7% 70.3%
1991 - - 35.7% 67.9%
1990 - - 34.5% 63.1%
1989 - - 33.7% 61.6%
1988 - - 33.7% 61.3%
1987 - - 34.3% 60.6%
1986 - - 34.8% 58.9%
1985 - - 34.5% 55.4%
1984 - - 34.3% 50.6%
1983 - - 35.7% 48.9%
1982 - - 35.8% 45.9%
1981 - - 33.9% 41.1%
1980 - - 33.7% 41.9%
1979 - - 32% 41.2%
1978 - - 32.6% 42.5%
1977 - - 33.4% 43.6%
1976 - - 34.2% 44.8%
1975 - - 35.2% 44.6%
1974 - - 32.9% 41.4%
1973 - - 31.9% 42.6%
1972 - - 32.8% 45.4%
1971 - - 32.3% 47%
1970 - - 31.5% 46.4%
1969 - - 29.3% 45.9%
1968 - - 29.1% 48.5%
1967 - - 28.3% 50.4%
1966 - - 26.3% 50.6%
1965 - - 25.4% 53.7%
1964 - - 25.6% 56.7%
1963 - - 26% 58.8%
1962 - - 26% 60.2%
1961 - - 25.9% 62.3%
1960 - - 24.9% 61.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–2000, retrieved 2026-02-20).

GeoRank.org/economy/myanmar/united-states | CC BY

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while the United States spent $10.9T, or 37.9% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 122.3% in the United States, ranking 81/185 and 12/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

United States
1x
Year Deficit/surplus, % of GDP
Myanmar United States
2024 -5.06% -8.03%
2023 -5.18% -7.8%
2022 -2.82% -3.72%
2021 -2.47% -11.4%
2020 -6.5% -14.1%
2019 -4.7% -5.81%
2018 -2.77% -5.33%
2017 -3.42% -4.79%
2016 -2.53% -4.36%
2015 -4.33% -3.53%
2014 -1.06% -4.03%
2013 -1.53% -4.56%
2012 -2.7% -8.11%
2011 -4.82% -9.72%
2010 -5.4% -11%
2009 -3.55% -13.2%
2008 -2.73% -6.61%
2007 -3.52% -2.91%
2006 -3.42% -2.04%
2005 -3.49% -3.07%
2004 -4.62% -4.24%
2003 -4.24% -4.77%
2002 -4.01% -3.82%
2001 -6.34% -0.54%
2000 -6.03% 3.62%
1999 -4.46% 2.71%
1998 -4.89% 2.18%
1997 - 0.88%
1996 - -0.46%
1995 - -1.7%
1994 - -2.05%
1993 - -3.35%
1992 - -3.98%
1991 - -2.72%
1990 - -1.64%
1989 - -0.8%
1988 - -1.06%
1987 - -1.53%
1986 - -2.81%
1985 - -2.63%
1984 - -2.97%
1983 - -4.26%
1982 - -3.78%
1981 - -1.58%
1980 - -2.17%
1979 - -0.79%
1978 - -1.7%
1977 - -2.57%
1976 - -3.63%
1975 - -5.4%
1974 - -1.27%
1973 - -0.86%
1972 - -1.86%
1971 - -2.63%
1970 - -1.21%
1969 - 2.11%
1968 - 1.23%
1967 - 0.47%
1966 - 2.07%
1965 - 2.38%
1964 - 2.18%
1963 - 2.87%
1962 - 2.32%
1961 - 2.28%
1960 - 3.2%
1959 - -9.06%
1958 - -8.68%
1957 - -6.72%
1956 - -6.02%
1955 - -7.4%
1954 - -5.55%
1953 - -5.76%
1952 - -5.41%
1951 - -6.93%
1950 - -8.22%
1949 - -7.94%
1948 - -4.16%
1947 - -3.99%
1946 - -6.45%
1945 - -14.1%
1944 - -13.4%
1943 - -19.3%
1942 - -16.3%
1941 - -10.2%
1940 - -9.73%
1939 - -11.9%
1938 - -10.4%
1937 - -9.22%
1936 - -12.1%
1935 - -13.3%
1934 - -14.9%
1933 - -14.3%
1932 - -12.7%
1931 - -9.76%
1930 - -5.46%
1929 - -4.58%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

GeoRank.org/economy/myanmar/united-states | 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 the United States' deficit of $2.31T, or 8.03% of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of those years, while the United States ran a deficit in 24 years. On average, Myanmar posted an annual deficit equal to 3.95% of GDP, compared to deficit of 5.15% of GDP for the United States.

Inflation comparison by year

Inflation
Myanmar

United States
1x
Year Consumer prices inflation
Myanmar United States
2024 - 2.95%
2023 - 4.12%
2022 - 8%
2021 - 4.7%
2020 - 1.23%
2019 8.83% 1.81%
2018 6.87% 2.44%
2017 4.57% 2.13%
2016 6.93% 1.26%
2015 9.45% 0.12%
2014 4.95% 1.62%
2013 5.64% 1.46%
2012 1.47% 2.07%
2011 5.02% 3.16%
2010 7.72% 1.64%
2009 1.47% -0.36%
2008 26.8% 3.84%
2007 35% 2.85%
2006 20% 3.23%
2005 9.37% 3.39%
2004 4.53% 2.68%
2003 36.6% 2.27%
2002 57.1% 1.59%
2001 21.1% 2.83%
2000 -0.11% 3.38%
1999 18.4% 2.19%
1998 51.5% 1.55%
1997 29.7% 2.34%

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

GeoRank.org/economy/myanmar/united-states | CC BY

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 2.15% in the United States. In 2019, inflation was 8.83% in Myanmar and 2.95% in the United States.

Top exports between countries

Myanmar
Export category Export value
Textiles & consumer goods $353M
Machinery & equipment $84.5M
Animal & marine products $20M
Chemicals & pharma $10.2M
Raw materials & minerals $8.56M
Raw agricultural goods $2.63M
Metals $2.24M
Processed food, beverages & tobacco $1.13M
Miscellaneous $1.11M
Wood & paper products $884K
United States
Export category Export value
Processed food, beverages & tobacco $27.1M
Machinery & equipment $17.8M
Raw agricultural goods $14.4M
Chemicals & pharma $11.6M
Textiles & consumer goods $4.41M
Animal & marine products $2.39M
Miscellaneous $1.47M
Weapons & explosives $1.41M
Wood & paper products $722K
Raw materials & minerals $473K

Balance of trade

Myanmar United States
Current account balance
$67.7M
2019
-$1.19T
2024
Current account balance ranking
71/190
2019
190/190
2024
Current account balance, % of GDP
+0.09%
2019
-4.12%
2024
Goods imports
$13.7B
2019
$3.3T
2024
Goods exports
$10.8B
2019
$2.08T
2024
Service imports
$3.66B
2019
$841B
2024
Service exports
$6.68B
2019
$1.15T
2024
Imports of goods and services, % of GDP n/a
14.3%
2024
Exports of goods and services, % of GDP
24.3%
2025
11.1%
2024

Economic freedom indices

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

Myanmar United States
Economic freedom 44.5 72.8
Economic freedom ranking 180/197 27/197
Property rights 5.7 91.6
Government integrity 18.1 77.1
Judicial effectiveness 3.9 76.4
Tax burden 88.6 75.3
Government spending 86.6 57.9
Fiscal health 62.7 18.5
Business freedom 37.9 88.6
Labor freedom 53.2 76.3
Monetary freedom 57.5 84.2
Trade freedom 69.4 67.6
Investment freedom 30 80
Financial freedom 20 80

Economic freedom comparison by year

Myanmar
United States
1x
Year Economic freedom index
Myanmar United States
2026 44.5 72.8
2025 43.7 70.2
2024 42.2 70.1
2023 46.5 70.6
2022 49.6 72.1
2021 55.2 74.8
2020 54 76.6
2019 53.6 76.8
2018 53.9 75.7
2017 52.5 75.1
2016 48.7 75.4
2015 46.9 76.2
2014 46.5 75.5
2013 39.2 76
2012 38.7 76.3
2011 37.8 77.8
2010 36.7 78
2009 37.7 80.7
2008 39.5 81
2007 41 81.2
2006 40 81.2
2005 40.5 79.9
2004 43.6 78.7
2003 44.9 78.2
2002 45.5 78.4
2001 46.1 79.1
2000 47.9 76.4
1999 46.4 75.5
1998 45.7 75.4
1997 45.4 75.6
1996 45.1 76.7
1995 - 76.7

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

GeoRank.org/economy/myanmar/united-states | CC BY

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 72.8 for the United States, ranking 27/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar United States
Services, % of GDP
41.4%
2024
79.7%
2024
Industry, % of GDP
37.8%
2024
17.3%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
0.85%
2024
GNI, Atlas method
$65.9B
2024
$28.4T
2024
GNI per capita, PPP
$5,890
2024
$85,980
2024
Total reserves including gold
$9.34B
2023
$910B
2024
Total reserves ranking
81/177
2023
3/177
2024
Net foreign direct investment
-$1.74B
2019
$25.1B
2024
Net inflows of foreign direct investment
$1.1B
2024
$297B
2024
Net outflows of foreign direct investment
$0
2024
$322B
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
n/a
Poverty at national poverty lines
24.8%
2017
15.1%
2020
Gross capital formation, % of GDP n/a
21.8%
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/united-states | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1929–2000, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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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.