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Economy of Myanmar vs Venezuela compared: GDP & Debt

Updated on by Georank

Myanmar has a GDP of $81.7B compared to $99.7B for Venezuela, ranking 85/197 and 78/197 by economy size, respectively.

Myanmar has $42.4B in government debt (51.9% of GDP), compared to $308B (309% of GDP) in Venezuela.

Myanmar vs Venezuela GDP by year

Myanmar
Venezuela
1x
Year GDP, current $
Myanmar Venezuela
2025 $81,665,773,810 $99,661,244,156
2024 $74,068,349,524 $120,566,112,397
2023 $66,757,619,000 $102,377,501,186
2022 $62,253,049,892 $89,013,251,021
2021 $66,345,291,160 $56,615,026,263
2020 $79,006,113,643 $42,837,965,907
2019 $75,065,106,228 $73,014,157,108
2018 $67,860,515,990 $101,987,075,929
2017 $66,053,040,483 $115,892,475,743
2016 $63,298,361,996 $112,948,035,495
2015 $59,607,290,408 $125,249,941,854
2014 $65,531,374,200 $214,838,755,022
2013 $60,269,732,855 $258,512,396,298
2012 $59,937,796,648 $371,846,610,182
2011 $59,977,326,086 $316,482,190,800
2010 $49,540,813,342 $393,192,354,511
2009 $36,906,181,381 $329,787,628,928
2008 $31,862,554,102 $315,953,388,511
2007 $20,182,477,481 $230,364,012,576
2006 $14,502,553,710 $183,477,522,124
2005 $11,986,972,419 $145,513,489,652
2004 $10,567,354,056 $112,451,400,425
2003 $10,467,109,978 $83,620,628,582
2002 $6,777,632,512 $92,893,587,734
2001 $6,477,790,688 $122,911,036,747
2000 $8,905,066,164 $117,146,466,003
1999 $8,486,832,801 $97,972,842,462
1998 $6,459,461,639 $91,336,763,255
1997 $4,722,288,496 $85,837,678,560
1996 $6,123,556,717 $70,543,211,119
1995 $5,289,174,943 $77,389,487,770
1994 $4,432,257,174 $58,418,666,667
1993 $3,163,020,035 $60,037,460,783
1992 $2,411,552,289 $60,416,519,620
1991 $2,069,832,687 $53,453,444,787
1990 $2,115,193,513 $48,606,952,195
1989 $2,013,448,229 $43,536,709,104
1988 $1,541,088,312 $60,226,413,793
1987 $1,562,448,077 $48,029,034,483
1986 $1,582,873,750 $60,516,123,711
1985 $1,478,908,173 $61,965,466,667
1984 $1,304,063,253 $59,867,743,468
1983 $1,381,573,615 $67,556,279,070
1982 $1,481,165,468 $67,736,744,186
1981 $1,111,000,765 $66,327,441,860
1980 $1,038,225,167 $59,116,511,628
1979 $952,265,043 $48,310,930,233
1978 $935,408,775 $39,316,279,070
1977 $873,579,932 $36,210,697,674
1976 $1,204,699,849 $31,419,534,884
1975 $1,061,107,354 $27,464,651,163
1974 $1,225,589,878 $26,100,930,233
1973 $719,754,655 $17,035,581,395
1972 $662,213,083 $13,977,727,273
1971 $587,448,405 $12,986,590,909
1970 $563,555,631 $11,561,111,111
1969 $571,854,215 $10,285,111,111
1968 $559,956,130 $10,034,444,444
1967 $420,359,036 $9,250,000,000
1966 $293,103,479 $8,781,333,333
1965 $367,053,117 $8,427,777,778
1964 $411,419,906 $8,192,413,793
1963 $598,998,419 $9,608,717,288
1962 $634,528,872 $8,814,309,884
1961 $605,581,577 $8,067,267,031
1960 $545,098,448 $7,663,938,303

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

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

GDP per capita in Myanmar vs Venezuela by year

Myanmar
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $1,489 - $3,495 -
2024 $1,359 $5,997 $4,244 -
2023 $1,233 $5,953 $3,617 -
2022 $1,158 $5,732 $3,155 -
2021 $1,243 $5,178 $2,005 -
2020 $1,490 $5,741 $1,506 -
2019 $1,426 $6,101 $2,523 -
2018 $1,298 $5,581 $3,422 -
2017 $1,273 $4,706 $3,792 -
2016 $1,229 $4,460 $3,671 -
2015 $1,167 $4,459 $4,097 -
2014 $1,293 $4,376 $7,101 -
2013 $1,199 $4,144 $8,642 -
2012 $1,203 $3,845 $12,582 -
2011 $1,214 $3,579 $10,844 $21,241
2010 $1,011 $3,348 $13,646 $20,236
2009 $758 $3,040 $11,597 $20,562
2008 $658 $2,748 $11,262 $21,402
2007 $419 $2,459 $8,332 $20,236
2006 $303 $2,153 $6,739 $18,399
2005 $252.7 $1,860 $5,432 $16,511
2004 $224.5 $1,601 $4,269 $14,757
2003 $224.3 $1,385 $3,230 $12,359
2002 $146.6 $1,204 $3,652 $13,375
2001 $141.5 $1,069 $4,920 $14,714
2000 $196.6 $949 $4,776 $14,174
1999 $189.5 $825 $4,071 $13,623
1998 $146 $742 $3,870 $14,568
1997 $108 $702 $3,711 $14,655
1996 $141.9 $661 $3,113 $13,824
1995 $124.1 $618 $3,487 $13,890
1994 $105.4 $573 $2,689 $13,370
1993 $76.2 $529 $2,825 $13,702
1992 $58.9 $494 $2,907 $13,652
1991 $51.2 $447 $2,633 $12,880
1990 $53.1 $441 $2,452 $11,628
1989 $51.3 - $2,250 -
1988 $39.9 - $3,191 -
1987 $41.1 - $2,611 -
1986 $42.4 - $3,376 -
1985 $40.4 - $3,549 -
1984 $36.3 - $3,520 -
1983 $39.3 - $4,079 -
1982 $43 - $4,202 -
1981 $32.8 - $4,228 -
1980 $31.2 - $3,874 -
1979 $29.2 - $3,257 -
1978 $29.3 - $2,727 -
1977 $27.9 - $2,585 -
1976 $39.2 - $2,309 -
1975 $35.2 - $2,078 -
1974 $41.4 - $2,034 -
1973 $24.8 - $1,367 -
1972 $23.3 - $1,155 -
1971 $21.1 - $1,106 -
1970 $20.7 - $1,015 -
1969 $21.5 - $932 -
1968 $21.5 - $938 -
1967 $16.5 - $893 -
1966 $11.8 - $876 -
1965 $15.1 - $869 -
1964 $17.3 - $874 -
1963 $25.8 - $1,060 -
1962 $27.9 - $1,007 -
1961 $27.3 - $954 -
1960 $25.1 - $939 -

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

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

Myanmar's GDP per capita is $1,489, ranking 166/197, compared to $3,495 in Venezuela, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Venezuela ranks 93rd at $21,241.

Economic indicators

Myanmar Venezuela
Gross domestic product
$81.7B
2025
$99.7B
2025
GDP rank
85/197
2025
78/197
2025
GDP growth
-2.01%
2024-2025
1.57%
2024-2025
GDP per capita
$1,489
2025
$3,495
2025
GDP per capita rank
166/197
2025
138/197
2025
GDP per capita, PPP
$5,997
2024
$21,241
2011
GDP per capita PPP rank
153/197
2024
93/197
2011
Government debt
$42.4B
2025
$308B
2025
Debt-to-GDP ratio
51.9%
2025
309%
2025
Government debt per person
$773
2025
$10,790
2025
Government debt per person rank
152/185
2025
58/185
2025
Average annual personal income after taxes
$2,165
2026
$2,659
2026
Market capitalization of domestic companies n/a
$3.98B
2002
Number of billionaires n/a
1
2026
Income share by richest 10%
25.5%
2017
33.2%
2006
Income share by poorest 10%
3.8%
2017
1.2%
2006
Government expenditure, % of GDP
25.2%
2025
20.3%
2025
Consumer prices inflation
8.83%
2018-2019
252%
2024-2025
Central bank interest rate n/a
58.9%
2026
Unemployment rate
1.48%
2020
7.53%
2020
Population
55361818
28692435

Spending and national debt comparison by year

Myanmar
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Myanmar Venezuela
Government spending Government debt Government spending Government debt
2025 25.2% 51.9% 20.3% 309%
2024 25.8% 50.6% 17.5% 169.1%
2023 21.4% 53.2% 13.1% 138.5%
2022 21.3% 56% 15.1% 164.4%
2021 20.9% 63.4% 13.1% 254.2%
2020 21.3% 49.1% 11.2% 337%
2019 20.5% 37.6% 21% 206%
2018 18.7% 39.9% 37.9% 175.3%
2017 19.7% 41.9% 21.8% 133.6%
2016 21.3% 35.7% 19.7% 138.4%
2015 23.7% 36.6% 22.9% 129.8%
2014 24.7% 34.5% 31.6% 84.9%
2013 23.9% 44.8% 36.5% 85.4%
2012 20% 48% 38% 58.4%
2011 15.6% 49.9% 39.4% 52.5%
2010 15.8% 54.4% 31.1% 37.7%
2009 14.4% 56.4% 33.3% 27.6%
2008 14.4% 59.8% 34.9% 20.3%
2007 15.7% 77.4% 35.9% 26.4%
2006 15.6% 103.1% 39.3% 25.7%
2005 14.6% 119% 33.5% 34.9%
2004 14.6% 126.6% 31.9% 41.8%
2003 14.3% 146% 32.2% 56%
2002 15.3% 190.6% 31% 48.2%
2001 19.1% 262% 31.9% 30.7%
2000 21.4% 164.5% 28.3% 27.7%
1999 22.8% 150.7% 26.1% 29.6%
1998 25.2% 208.6% 28.8% 30.7%
1997 - - 31% 34.8%
1996 - - 27.7% 45.9%
1995 - - 32.9% 45.9%
1994 - - 42.2% 63.9%
1993 - - 27.7% 57.7%
1992 - - 30.6% 54.8%
1991 - - 33.9% 62.2%
1990 - - 31.9% 63.3%
1989 - - 32.5% 61.8%
1988 - - 33.2% 46.3%
1987 - - 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

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

In 2025, Myanmar's government spending was $20.6B, accounting for 25.2% of its GDP, while Venezuela spent $20.2B, or 20.3% of GDP.

Debt-to-GDP ratio is 51.9% in Myanmar and 309% in Venezuela, ranking 101/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Venezuela
1x
Year Deficit/surplus, % of GDP
Myanmar Venezuela
2025 -4.94% -5.84%
2024 -4.11% -3.67%
2023 -2.76% -1.25%
2022 -2.75% -5.29%
2021 -2.22% -5.85%
2020 -6.5% -6.63%
2019 -4.7% -10.9%
2018 -2.77% -31%
2017 -3.42% -13.3%
2016 -2.53% -8.46%
2015 -4.33% -8.06%
2014 -1.06% -9.81%
2013 -1.53% -10.4%
2012 -2.7% -9.86%
2011 -4.82% -8.24%
2010 -5.4% -4.74%
2009 -3.55% -8.69%
2008 -2.73% -3.46%
2007 -3.52% -2.82%
2006 -3.42% -1.6%
2005 -3.49% 4.09%
2004 -4.62% 2.47%
2003 -4.24% 0.17%
2002 -4.01% -1.48%
2001 -6.34% -4.59%
2000 -6.03% 4.45%
1999 -4.46% 0.74%
1998 -4.89% -4.49%
1997 - 2.58%
1996 - 7.94%
1995 - -5.86%
1994 - -11.2%
1993 - -2.92%
1992 - -6.37%
1991 - -2.28%
1990 - 3.84%
1989 - -0.91%
1988 - -9.24%
1987 - -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/myanmar/venezuela | 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 Venezuela's deficit of $5.82B, or 5.84% of GDP.

Over the past 28 years, Myanmar recorded a fiscal deficit in 28 of those years, while Venezuela ran a deficit in 23 years. On average, Myanmar posted an annual deficit equal to 3.85% of GDP, compared to deficit of 5.66% of GDP for Venezuela.

Inflation comparison by year

Inflation
Myanmar

Venezuela
1x
Year Consumer prices inflation
Myanmar Venezuela
2025 - 252%
2024 - 49.4%
2023 - 338%
2022 - 186.5%
2021 - 1,589%
2020 - 2,355%
2019 8.83% 19,906%
2018 6.87% 65,374%
2017 4.57% 438%
2016 6.93% 254.9%
2015 9.45% 121.7%
2014 4.95% 62.2%
2013 5.64% 40.6%
2012 1.47% 21.1%
2011 5.02% 26.1%
2010 7.72% 28.2%
2009 1.47% 26%
2008 26.8% 31.4%
2007 35% 18.7%
2006 20% 13.7%
2005 9.37% 16%
2004 4.53% 21.7%
2003 36.6% 31.1%
2002 57.1% 22.4%
2001 21.1% 12.5%
2000 -0.11% 16.2%
1999 18.4% 23.6%
1998 51.5% 35.8%
1997 29.7% 50%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2019, retrieved 2026-07-08).

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

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 3,765% in Venezuela. In 2019, inflation was 8.83% in Myanmar and 252% in Venezuela.

Top exports between countries

Myanmar
Export category Export value
Textiles & consumer goods $1.41M
Wood & paper products $38K
Raw agricultural goods $30K
Venezuela
Export category Export value

Balance of trade

Myanmar Venezuela
Current account balance
$67.7M
2019
-$3.87B
2016
Current account balance ranking
66/190
2019
155/190
2016
Current account balance, % of GDP
+0.09%
2019
-3.43%
2016
Goods imports
$13.7B
2019
$16.3B
2016
Goods exports
$10.8B
2019
$27.4B
2016
Service imports
$3.66B
2019
$9.47B
2016
Service exports
$6.68B
2019
$1.28B
2016
Imports of goods and services, % of GDP n/a
10.1%
2025
Exports of goods and services, % of GDP
24.3%
2026
14.9%
2025

Economic freedom indices

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

Myanmar Venezuela
Economic freedom 44.5 27.3
Economic freedom ranking 180/197 194/197
Property rights 5.7 0
Government integrity 18.1 6.9
Judicial effectiveness 3.9 5.1
Tax burden 88.6 73.4
Government spending 86.6 93
Fiscal health 62.7 29.1
Business freedom 37.9 31.1
Labor freedom 53.2 35.5
Monetary freedom 57.5 0
Trade freedom 69.4 43.2
Investment freedom 30 0
Financial freedom 20 10

Economic freedom comparison by year

Myanmar
Venezuela
1x
Year Economic freedom index
Myanmar Venezuela
2026 44.5 27.3
2025 43.7 27.6
2024 42.2 28.1
2023 46.5 25.8
2022 49.6 24.8
2021 55.2 24.7
2020 54 25.2
2019 53.6 25.9
2018 53.9 25.2
2017 52.5 27
2016 48.7 33.7
2015 46.9 34.3
2014 46.5 36.3
2013 39.2 36.1
2012 38.7 38.1
2011 37.8 37.6
2010 36.7 37.1
2009 37.7 39.9
2008 39.5 44.7
2007 41 47.9
2006 40 44.6
2005 40.5 45.2
2004 43.6 46.7
2003 44.9 54.8
2002 45.5 54.7
2001 46.1 54.6
2000 47.9 57.4
1999 46.4 56.1
1998 45.7 54
1997 45.4 52.8
1996 45.1 54.5
1995 - 59.8

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Venezuela
Services, % of GDP
38.5%
2025
51.7%
2014
Industry, % of GDP
36.2%
2025
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
25.3%
2025
5.03%
2014
GNI, Atlas method
$72.3B
2025
$110B
2025
GNI per capita, PPP
$5,890
2025
$20,840
2011
Total reserves including gold
$9.34B
2023
$9.79B
2017
Total reserves ranking
85/177
2023
80/177
2017
Net foreign direct investment
-$1.74B
2019
-$27M
2016
Net inflows of foreign direct investment
$1.1B
2024
$1.63B
2024
Net outflows of foreign direct investment
$0
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
n/a
Poverty at national poverty lines
24.8%
2017
33.1%
2015
Gross capital formation, % of GDP n/a
5.93%
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/venezuela | 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 (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1920–1997, 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, 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.