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Economy of Myanmar vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $115B for Uzbekistan, ranking 85/197 and 66/197 by economy size, respectively.

Myanmar has $45.4B in government debt (62.6% of GDP), compared to $37.5B (33% of GDP) in Uzbekistan.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Myanmar
GDP, current $

GDP, constant 2015 $
Uzbekistan
GDP, current $

GDP, constant 2015 $
Year GDP
Myanmar Uzbekistan
Current $ Constant $ Current $ Constant $
1960 $545,098,448 $2,819,978,877 - -
1961 $605,581,577 $2,833,276,800 - -
1962 $634,528,872 $2,949,069,211 - -
1963 $598,998,419 $3,342,749,158 - -
1964 $411,419,906 $3,145,726,893 - -
1965 $367,053,117 $3,482,088,444 - -
1966 $293,103,479 $3,313,145,218 - -
1967 $420,359,036 $3,116,832,787 - -
1968 $559,956,130 $3,492,702,256 - -
1969 $571,854,215 $3,607,672,972 - -
1970 $563,555,631 $3,787,310,936 - -
1971 $587,448,405 $3,943,725,456 - -
1972 $662,213,083 $4,039,788,352 - -
1973 $719,754,655 $4,000,678,162 - -
1974 $1,225,589,878 $4,214,409,420 - -
1975 $1,061,107,354 $4,389,421,587 - -
1976 $1,204,699,849 $4,656,315,812 - -
1977 $873,579,932 $4,933,473,074 - -
1978 $935,408,775 $5,255,027,822 - -
1979 $952,265,043 $5,528,356,401 - -
1980 $1,038,225,167 $5,967,227,079 - -
1981 $1,111,000,765 $6,346,489,388 - -
1982 $1,481,165,468 $6,702,138,811 - -
1983 $1,381,573,615 $6,996,435,938 - -
1984 $1,304,063,253 $7,341,551,094 - -
1985 $1,478,908,173 $7,550,858,733 - -
1986 $1,582,873,750 $7,471,019,822 - -
1987 $1,562,448,077 $7,171,758,277 $8,523,160,593 $28,089,418,035
1988 $1,541,088,312 $6,357,588,760 $10,722,799,639 $30,656,392,613
1989 $2,013,448,229 $6,592,520,573 $11,948,815,258 $31,604,071,830
1990 $2,115,193,513 $6,778,227,479 $13,362,340,338 $32,109,736,981
1991 $2,069,832,687 $6,734,127,185 $13,800,167,712 $31,951,757,074
1992 $2,411,552,289 $7,384,707,337 $12,953,801,760 $28,373,160,282
1993 $3,163,020,035 $7,830,700,107 $13,099,920,056 $27,720,577,595
1994 $4,432,257,174 $8,416,276,600 $12,899,074,922 $26,279,107,562
1995 $5,289,174,943 $9,001,043,827 $13,350,461,265 $26,042,595,592
1996 $6,123,556,717 $9,580,955,459 $13,948,892,216 $26,485,319,718
1997 $4,722,288,496 $10,122,431,106 $14,744,603,774 $27,862,556,343
1998 $6,459,461,639 $10,716,234,491 $14,988,971,211 $29,060,646,266
1999 $8,486,832,801 $11,889,140,285 $17,078,465,982 $30,310,254,055
2000 $8,905,066,164 $13,523,413,252 $13,760,513,969 $31,472,652,299
2001 $6,477,790,688 $15,057,508,855 $11,401,421,329 $32,783,122,633
2002 $6,777,632,512 $16,868,251,605 $9,687,788,513 $34,085,756,140
2003 $10,467,109,978 $19,203,491,833 $10,134,453,435 $35,528,479,188
2004 $10,567,354,056 $21,808,380,519 $12,030,023,548 $38,174,995,818
2005 $11,986,972,419 $24,767,548,772 $14,307,509,839 $40,828,160,774
2006 $14,502,553,710 $28,006,178,558 $17,330,833,853 $43,870,437,889
2007 $20,182,477,481 $31,364,521,323 $22,311,393,928 $48,026,286,798
2008 $31,862,554,102 $34,581,048,770 $29,549,438,884 $52,362,657,564
2009 $36,906,181,381 $38,229,352,561 $33,689,223,673 $56,578,340,213
2010 $49,540,813,342 $41,912,536,386 $49,765,676,402 $60,876,691,748
2011 $59,977,326,086 $44,256,068,473 $60,178,909,297 $65,457,747,965
2012 $59,937,796,648 $47,501,220,127 $67,517,349,212 $70,106,848,439
2013 $60,269,732,855 $51,503,673,421 $73,180,037,915 $75,222,229,948
2014 $65,531,374,200 $55,711,475,876 $80,845,385,809 $80,392,884,506
2015 $59,607,290,408 $59,607,290,408 $86,196,264,755 $86,196,264,755
2016 $63,298,361,996 $63,101,751,663 $86,138,288,644 $91,309,557,165
2017 $66,053,040,483 $66,973,743,449 $69,703,222,283 $95,322,862,969
2018 $67,860,515,990 $71,172,235,146 $58,695,899,092 $100,622,047,496
2019 $75,065,106,228 $75,854,734,834 $67,293,639,798 $107,444,145,840
2020 $79,006,113,643 $68,991,135,074 $66,443,265,418 $109,123,866,128
2021 $66,345,291,160 $60,700,903,303 $77,340,060,003 $117,891,622,987
2022 $62,253,049,892 $63,151,698,289 $90,095,926,567 $124,966,702,851
2023 $66,757,619,000 $63,756,973,610 $102,641,879,249 $132,828,878,428
2024 $74,079,772,652 $63,137,226,235 $114,965,293,467 $141,462,755,525

Economic indicators

Myanmar Uzbekistan
Gross domestic product
$74.1B
2024
$115B
2024
GDP rank
85/197
2024
66/197
2024
GDP growth
11%
2023-2024
12%
2023-2024
GDP per capita
$1,359
2024
$3,162
2024
GDP per capita rank
165/197
2024
139/197
2024
GDP per capita, PPP
$5,997
2024
$11,879
2024
Government debt
$45.4B
2024
$37.5B
2024
Debt-to-GDP ratio
62.6%
2025
33%
2025
Government debt per person
$833
2024
$1,032
2024
Government debt per person rank
146/185
2024
142/185
2024
Average annual personal income after taxes
$1,798
2025
$3,203
2025
Market capitalization of domestic companies n/a
$18.8B
2024
Income share by richest 10%
25.5%
2017
25.7%
2024
Income share by poorest 10%
3.8%
2017
2.3%
2024
Government expenditure, % of GDP
21.9%
2025
27.8%
2025
Consumer prices inflation
8.83%
2018-2019
9.1%
2024-2025
Central bank interest rate n/a
14%
2025
Unemployment rate
1.48%
2020
5.29%
2020
Population
55119090
37592263

GDP per capita in Myanmar vs Uzbekistan

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Uzbekistan ranks 123rd at $11,879.

Myanmar
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
Year Current $
Myanmar Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 $25.1 - - -
1961 $27.3 - - -
1962 $27.9 - - -
1963 $25.8 - - -
1964 $17.3 - - -
1965 $15.1 - - -
1966 $11.8 - - -
1967 $16.5 - - -
1968 $21.5 - - -
1969 $21.5 - - -
1970 $20.7 - - -
1971 $21.1 - - -
1972 $23.3 - - -
1973 $24.8 - - -
1974 $41.4 - - -
1975 $35.2 - - -
1976 $39.2 - - -
1977 $27.9 - - -
1978 $29.3 - - -
1979 $29.2 - - -
1980 $31.2 - - -
1981 $32.8 - - -
1982 $43 - - -
1983 $39.3 - - -
1984 $36.3 - - -
1985 $40.4 - - -
1986 $42.4 - - -
1987 $41.1 - $450 -
1988 $39.9 - $551 -
1989 $51.3 - $598 -
1990 $53.1 $441 $653 $2,665
1991 $51.2 $447 $658 $2,676
1992 $58.9 $494 $603 $2,371
1993 $76.2 $529 $596 $2,318
1994 $105.4 $573 $574 $2,197
1995 $124.1 $618 $583 $2,178
1996 $141.9 $661 $597 $2,214
1997 $108 $702 $621 $2,329
1998 $146 $742 $621 $2,418
1999 $189.5 $825 $698 $2,522
2000 $196.6 $949 $555 $2,644
2001 $141.5 $1,069 $454 $2,782
2002 $146.6 $1,204 $381 $2,902
2003 $224.3 $1,385 $394 $3,047
2004 $224.5 $1,601 $462 $3,321
2005 $252.7 $1,860 $543 $3,618
2006 $303 $2,153 $649 $3,956
2007 $419 $2,459 $824 $4,386
2008 $658 $2,748 $1,075 $4,800
2009 $758 $3,040 $1,206 $5,135
2010 $1,011 $3,348 $1,753 $5,505
2011 $1,214 $3,579 $2,088 $5,949
2012 $1,203 $3,845 $2,307 $6,168
2013 $1,199 $4,144 $2,462 $6,413
2014 $1,293 $4,376 $2,675 $6,610
2015 $1,167 $4,459 $2,803 $6,800
2016 $1,229 $4,460 $2,753 $6,919
2017 $1,273 $4,706 $2,191 $7,818
2018 $1,298 $5,581 $1,813 $8,129
2019 $1,426 $6,101 $2,041 $8,544
2020 $1,490 $5,741 $1,978 $8,452
2021 $1,243 $5,178 $2,259 $9,248
2022 $1,158 $5,732 $2,579 $10,293
2023 $1,233 $5,953 $2,879 $11,107
2024 $1,359 $5,997 $3,162 $11,879

Spending and national debt comparison

In 2024, Myanmar's government spending was $15.2B, accounting for 21.9% of its GDP, while Uzbekistan's spent $31.9B, or 27.8% of GDP.

Debt-to-GDP ratio is 62.6% in Myanmar and 33% in Uzbekistan, ranking 73/185 and 155/185, respectively.

Myanmar
Government spending

Government debt
Uzbekistan
Government spending

Government debt
Year % of GDP
Myanmar Uzbekistan
Government spending Government debt Government spending Government debt
1992 - - 18% -
1993 - - 39.6% -
1994 - - 27.1% -
1995 - - 29.4% -
1996 - - 35.1% -
1997 - - 31.8% 15.3%
1998 25.2% 225.7% 35.1% 18%
1999 22.8% 163.1% 33.6% 18.4%
2000 21.4% 178% 32.9% 29.5%
2001 19.1% 283.5% 30.6% 44.8%
2002 15.3% 206.3% 34.6% 41.6%
2003 14.3% 158% 31.5% 31.4%
2004 14.6% 137% 29.4% 26.9%
2005 14.6% 128.7% 28.1% 21%
2006 15.6% 111.5% 24.7% 13.5%
2007 15.7% 83.7% 24.8% 9.56%
2008 14.4% 64.7% 26.5% 8.33%
2009 14.4% 61% 27.5% 7.3%
2010 15.8% 58.8% 26.4% 6.61%
2011 15.6% 54% 23.7% 6.33%
2012 20% 51.9% 23.9% 6.76%
2013 23.9% 48.5% 25.2% 6.23%
2014 24.7% 37.3% 24.9% 6.09%
2015 23.7% 38.4% 24.6% 6.72%
2016 21.3% 35.7% 23.3% 8.19%
2017 19.7% 41.9% 19.9% 17.3%
2018 18.7% 38.7% 22.2% 17.5%
2019 20.5% 38.3% 24.3% 25.4%
2020 21.2% 48.7% 26% 33.7%
2021 20.6% 59.2% 27.4% 31.7%
2022 21.2% 55.6% 31.4% 30.5%
2023 21.2% 57.9% 29.9% 32.2%
2024 20.5% 61.3% 27.8% 32.6%
2025 21.9% 62.6% 27.8% 33%

Government deficit by year

In 2024, Myanmar's government deficit, the difference between spending and revenue, was -$3.94B, equivalent to -5.32% of GDP. This compares to Uzbekistan's deficit of -$2.6B, or -2.26% of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of those years, while Uzbekistan ran a deficit in 15 years. On average, Myanmar posted an annual deficit equal to -3.96% of GDP, compared to deficit of -0.51% of GDP for Uzbekistan.

Deficit/surplus
Myanmar

Uzbekistan
Year Deficit/surplus, % of GDP
Myanmar Uzbekistan
1992 - 7.15%
1993 - -12%
1994 - -4.47%
1995 - -1.77%
1996 - -1.57%
1997 - -2.05%
1998 -4.89% -3.04%
1999 -4.46% -2.91%
2000 -6.03% -3.66%
2001 -6.34% -3.28%
2002 -4.01% -6.31%
2003 -4.24% -4.87%
2004 -4.62% -3.74%
2005 -3.49% -3.52%
2006 -3.42% 2.72%
2007 -3.52% 3.55%
2008 -2.73% 5.97%
2009 -3.55% 1.82%
2010 -5.4% 2.56%
2011 -4.82% 5.11%
2012 -2.7% 5.89%
2013 -1.53% 2.15%
2014 -1.06% 1.9%
2015 -4.33% -0.28%
2016 -2.53% 0.7%
2017 -3.42% 1.04%
2018 -2.77% 1.64%
2019 -4.7% -0.26%
2020 -6.56% -2.95%
2021 -2.53% -4.1%
2022 -2.78% -3.65%
2023 -5.22% -3.98%
2024 -5.32% -2.26%
2025 -5.71% -2.27%

Inflation comparison by year

Over the past 24 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 19.3% in Uzbekistan. In 2019, inflation was 8.83% in Myanmar and 9.1% in Uzbekistan.

Inflation
Myanmar

Uzbekistan
Year Inflation
Myanmar Uzbekistan Myanmar Uzbekistan
1996 16.3% 54%
1997 29.7% 70.9%
1998 51.5% 29%
1999 18.4% 29.1%
2000 -0.11% 25%
2001 21.1% 27.3%
2002 57.1% 27.3%
2003 36.6% 12.5%
2004 4.53% 7.3%
2005 9.37% 10.7%
2006 20% 13.1%
2007 35% 11.2%
2008 26.8% 13.1%
2009 1.47% 12.3%
2010 7.72% 12.3%
2011 5.02% 12.4%
2012 1.47% 11.9%
2013 5.64% 11.7%
2014 4.95% 9.1%
2015 9.45% 8.5%
2016 6.93% 8.8%
2017 4.57% 13.9%
2018 6.87% 17.5%
2019 8.83% 14.5%
2020 - 12.9%
2021 - 10.8%
2022 - 11.4%
2023 - 10%
2024 - 9.6%
2025 - 9.1%

Top exports between countries

Myanmar
Export category Export value
Uzbekistan
Export category Export value
Wood & paper products $10.1M
Chemicals & pharma $2.87M
Machinery & equipment $775K
Raw agricultural goods $425K
Raw materials & minerals $240K
Animal & marine products $217K
Textiles & consumer goods $65K

Balance of trade

Myanmar Uzbekistan
Current account balance
$67.7M
2019
-$5.72B
2024
Current account balance ranking
70/189
2019
170/189
2024
Current account balance, % of GDP
+0.09%
2019
-4.97%
2024
Goods imports
$13.7B
2019
$33.2B
2024
Goods exports
$10.8B
2019
$19.6B
2024
Service imports
$3.66B
2019
$10.5B
2024
Service exports
$6.68B
2019
$6.55B
2024
Imports of goods and services, % of GDP n/a
38%
2024
Exports of goods and services, % of GDP
24.3%
2025
22.8%
2024

Economic freedom indices

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

Myanmar Uzbekistan
Economic freedom 43.7 58
Economic freedom ranking 182/197 111/197
Property rights 17.3 33.5
Government integrity 18.7 31.2
Judicial effectiveness 4.2 14.5
Tax burden 88.6 92.8
Government spending 84 73.6
Fiscal health 39.9 73.3
Business freedom 39.9 64.4
Labor freedom 53.2 47.9
Monetary freedom 59.7 64.6
Trade freedom 68.6 80.6
Investment freedom 30 60
Financial freedom 20 60

Economic freedom by year comparison

The Economic Freedom Index for Myanmar is 43.7, ranking 182/197, compared to 58 for Uzbekistan, ranking 111/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Myanmar
Uzbekistan
Year Economic freedom index
Myanmar Uzbekistan
1996 45.1 -
1997 45.4 -
1998 45.7 31.5
1999 46.4 33.8
2000 47.9 38.1
2001 46.1 38.2
2002 45.5 38.5
2003 44.9 38.3
2004 43.6 39.1
2005 40.5 45.8
2006 40 48.7
2007 41 51.5
2008 39.5 51.9
2009 37.7 50.5
2010 36.7 47.5
2011 37.8 45.8
2012 38.7 45.8
2013 39.2 46
2014 46.5 46.5
2015 46.9 47
2016 48.7 46
2017 52.5 52.3
2018 53.9 51.5
2019 53.6 53.3
2020 54 57.2
2021 55.2 58.3
2022 49.6 55.7
2023 46.5 56.5
2024 42.2 55.9
2025 43.7 58

More economic indicators

Myanmar Uzbekistan
Services, % of GDP
41.4%
2024
45.2%
2024
Industry, % of GDP
37.8%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
18.3%
2024
GNI, Atlas method
$66.3B
2024
$110B
2024
GNI per capita, PPP
$5,920
2024
$12,000
2024
Total reserves including gold
$9.34B
2023
$41.2B
2024
Total reserves ranking
81/177
2023
50/177
2024
Net foreign direct investment
-$1.74B
2019
-$2.8B
2024
Net inflows of foreign direct investment
$1.1B
2024
$2.84B
2024
Net outflows of foreign direct investment
$0
1989
$36.7M
2024
Servicing debt to the IMF, % of GNI
1.39%
2023
8.24%
2023
Poverty at national poverty lines
24.8%
2017
8.9%
2024
Gross capital formation, % of GDP
n/a
33.3%
2024

GDP per capita map

GDP per capita

Compare countries by 7 more topics

Economy comparisons

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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.