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Economy of Myanmar vs Vietnam compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $476B for Vietnam, ranking 85/197 and 33/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $149B (31.3% of GDP) in Vietnam.

Myanmar vs Vietnam GDP by year

Myanmar
Vietnam
1x
Year GDP, current $
Myanmar Vietnam
2024 $74,068,349,524 $476,388,230,307
2023 $66,757,619,000 $433,857,681,378
2022 $62,253,049,903 $413,445,230,669
2021 $66,345,291,149 $366,474,752,771
2020 $79,006,113,670 $346,615,738,538
2019 $75,065,106,243 $334,365,270,497
2018 $67,860,515,993 $310,106,478,395
2017 $66,053,040,475 $281,353,605,987
2016 $63,298,361,984 $257,096,001,178
2015 $59,607,290,408 $239,258,328,382
2014 $65,531,374,210 $233,451,469,643
2013 $60,269,732,855 $213,708,811,665
2012 $59,937,796,648 $195,590,661,129
2011 $59,977,326,086 $172,595,049,184
2010 $49,540,813,342 $147,201,173,197
2009 $36,906,181,381 $106,014,659,565
2008 $31,862,554,102 $99,130,304,099
2007 $20,182,477,481 $77,414,425,532
2006 $14,502,553,710 $66,371,664,817
2005 $11,986,972,419 $57,633,255,738
2004 $10,567,354,056 $45,427,854,693
2003 $10,467,109,978 $39,552,513,232
2002 $6,777,632,512 $35,064,105,501
2001 $6,477,790,688 $32,685,198,809
2000 $8,905,066,164 $31,172,518,403
1999 $8,486,832,801 $28,683,659,007
1998 $6,459,461,639 $27,209,602,050
1997 $4,722,288,496 $26,843,700,442
1996 $6,123,556,717 $24,657,470,575
1995 $5,289,174,943 $20,736,164,459
1994 $4,432,257,174 $16,286,433,533
1993 $3,163,020,035 $13,180,953,598
1992 $2,411,552,289 $9,866,990,236
1991 $2,069,832,687 $9,613,369,520
1990 $2,115,193,513 $6,471,740,806
1989 $2,013,448,229 $6,293,304,975
1988 $1,541,088,312 $25,423,812,649
1987 $1,562,448,077 $36,658,108,850
1986 $1,582,873,750 $26,336,616,250
1985 $1,478,908,173 $14,094,687,821
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/vietnam | CC BY

GDP per capita in Myanmar vs Vietnam by year

Myanmar
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 $4,717 $16,386
2023 $1,233 $5,953 $4,323 $15,034
2022 $1,158 $5,732 $4,148 $13,905
2021 $1,243 $5,178 $3,704 $12,049
2020 $1,490 $5,741 $3,534 $11,609
2019 $1,426 $6,101 $3,441 $11,029
2018 $1,298 $5,581 $3,222 $10,010
2017 $1,273 $4,706 $2,956 $9,170
2016 $1,229 $4,460 $2,735 $8,375
2015 $1,167 $4,459 $2,578 $7,672
2014 $1,293 $4,376 $2,546 $7,297
2013 $1,199 $4,144 $2,360 $6,758
2012 $1,203 $3,845 $2,185 $6,377
2011 $1,214 $3,579 $1,951 $5,786
2010 $1,011 $3,348 $1,683 $5,389
2009 $758 $3,040 $1,226 $5,061
2008 $658 $2,748 $1,164 $4,844
2007 $419 $2,459 $926 $4,581
2006 $303 $2,153 $808 $4,237
2005 $252.7 $1,860 $711 $3,894
2004 $224.5 $1,601 $565 $3,543
2003 $224.3 $1,385 $497 $3,240
2002 $146.6 $1,204 $445 $3,002
2001 $141.5 $1,069 $419 $2,809
2000 $196.6 $949 $404 $2,614
1999 $189.5 $825 $376 $2,421
1998 $146 $742 $361 $2,308
1997 $108 $702 $362 $2,189
1996 $141.9 $661 $337 $2,019
1995 $124.1 $618 $287.8 $1,841
1994 $105.4 $573 $229.9 $1,674
1993 $76.2 $529 $189.4 $1,534
1992 $58.9 $494 $144.5 $1,413
1991 $51.2 $447 $143.7 $1,298
1990 $53.1 $441 $98.8 $1,210
1989 $51.3 - $98.1 -
1988 $39.9 - $405 -
1987 $41.1 - $595 -
1986 $42.4 - $436 -
1985 $40.4 - $238.6 -
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/vietnam | CC BY

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $4,717 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Vietnam ranks 108th at $16,386.

Economic indicators

Myanmar Vietnam
Gross domestic product
$74.1B
2024
$476B
2024
GDP rank
85/197
2024
33/197
2024
GDP growth
-0.97%
2023-2024
7.09%
2023-2024
GDP per capita
$1,359
2024
$4,717
2024
GDP per capita rank
165/197
2024
122/197
2024
GDP per capita, PPP
$5,997
2024
$16,386
2024
GDP per capita PPP rank
153/197
2024
108/197
2024
Government debt
$44B
2024
$149B
2024
Debt-to-GDP ratio
59.3%
2024
31.3%
2024
Government debt per person
$806
2024
$1,475
2024
Government debt per person rank
150/185
2024
132/185
2024
Average annual personal income after taxes
$1,646
2026
$4,020
2026
Market capitalization of domestic companies n/a
$205B
2024
Number of billionaires n/a
5
2025
Income share by richest 10%
25.5%
2017
28.1%
2022
Income share by poorest 10%
3.8%
2017
2.6%
2022
Government expenditure, % of GDP
20.7%
2024
19.1%
2024
Consumer prices inflation
8.83%
2018-2019
3.6%
2023-2024
Central bank interest rate n/a
4.5%
2023
Unemployment rate
1.48%
2020
1.53%
2024
Population
55292116
102365351

Spending and national debt comparison by year

Myanmar
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Myanmar Vietnam
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 19.1% 31.3%
2023 21.4% 59.1% 18.8% 34.3%
2022 21.3% 56.1% 18.2% 34.9%
2021 20.9% 63.4% 20.1% 39.2%
2020 21.3% 49.1% 21.3% 41.3%
2019 20.5% 37.6% 19.8% 41%
2018 18.7% 39.9% 20.5% 43.8%
2017 19.7% 41.9% 21.5% 46.6%
2016 21.3% 35.7% 22.2% 47.9%
2015 23.7% 36.6% 24.2% 46.1%
2014 24.7% 34.5% 22.8% 43.6%
2013 23.9% 44.8% 24.5% 41.4%
2012 20% 48% 23.5% 38.3%
2011 15.6% 49.9% 21.2% 36.2%
2010 15.8% 54.4% 23.7% 37.3%
2009 14.4% 56.4% 25% 36.2%
2008 14.4% 59.8% 21.4% 31%
2007 15.7% 77.4% 22.3% 32.2%
2006 15.6% 103.1% 20.5% 30.2%
2005 14.6% 119% 20.6% 28.7%
2004 14.6% 126.6% 19.4% 29.4%
2003 14.3% 146% 22.2% 29.8%
2002 15.3% 190.6% 19.7% 27.7%
2001 19.1% 262% 19.2% 25.4%
2000 21.4% 164.5% 17.8% 24.8%
1999 22.8% 150.7% 16.7% -
1998 25.2% 208.6% 16% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

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

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while Vietnam spent $91.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 31.3% in Vietnam, ranking 81/185 and 156/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Vietnam
1x
Year Deficit/surplus, % of GDP
Myanmar Vietnam
2024 -5.06% -1.54%
2023 -5.18% -1.72%
2022 -2.82% 0.67%
2021 -2.47% -1.43%
2020 -6.5% -2.86%
2019 -4.7% -0.4%
2018 -2.77% -1.02%
2017 -3.42% -1.96%
2016 -2.53% -3.16%
2015 -4.33% -4.98%
2014 -1.06% -5.02%
2013 -1.53% -5.96%
2012 -2.7% -5.46%
2011 -4.82% -0.9%
2010 -5.4% -2.25%
2009 -3.55% -4.82%
2008 -2.73% -0.45%
2007 -3.52% -1.74%
2006 -3.42% 0.2%
2005 -3.49% -0.95%
2004 -4.62% -0.15%
2003 -4.24% -2.56%
2002 -4.01% -1.85%
2001 -6.34% -2.19%
2000 -6.03% -1.61%
1999 -4.46% -1.25%
1998 -4.89% -0.1%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1998–2024, retrieved 2026-02-20).

GeoRank.org/economy/myanmar/vietnam | 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 Vietnam's deficit of $7.32B, or 1.54% of GDP.

Over the past 27 years, Myanmar recorded a fiscal deficit in 27 of those years, while Vietnam ran a deficit in 25 years. On average, Myanmar posted an annual deficit equal to 3.95% of GDP, compared to deficit of 2.05% of GDP for Vietnam.

Inflation comparison by year

Inflation
Myanmar

Vietnam
1x
Year Consumer prices inflation
Myanmar Vietnam
2024 - 3.6%
2023 - 3.3%
2022 - 3.2%
2021 - 1.8%
2020 - 3.2%
2019 8.83% 2.8%
2018 6.87% 3.5%
2017 4.57% 3.5%
2016 6.93% 2.7%
2015 9.45% 0.6%
2014 4.95% 4.1%
2013 5.64% 6.6%
2012 1.47% 9.1%
2011 5.02% 18.7%
2010 7.72% 9.1%
2009 1.47% 6.7%
2008 26.8% 23.3%
2007 35% 8.4%
2006 20% 7.7%
2005 9.37% 8.3%
2004 4.53% 7.8%
2003 36.6% 3.1%
2002 57.1% 3.8%
2001 21.1% -0.4%
2000 -0.11% -1.8%
1999 18.4% 4.1%
1998 51.5% 8.1%
1997 29.7% 3.1%

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/vietnam | CC BY

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 6.21% in Vietnam. In 2019, inflation was 8.83% in Myanmar and 3.6% in Vietnam.

Top exports between countries

Myanmar
Export category Export value
Raw agricultural goods $135M
Processed food, beverages & tobacco $59.9M
Raw materials & minerals $19.9M
Metals $18.2M
Textiles & consumer goods $9.12M
Animal & marine products $7.96M
Machinery & equipment $6.62M
Chemicals & pharma $694K
Wood & paper products $349K
Miscellaneous $83K
Vietnam
Export category Export value
Chemicals & pharma $92.5M
Machinery & equipment $90.7M
Textiles & consumer goods $90.3M
Metals $58.5M
Raw materials & minerals $39.1M
Processed food, beverages & tobacco $35.5M
Wood & paper products $17.7M
Miscellaneous $8.48M
Animal & marine products $7.35M
Raw agricultural goods $3.49M

Balance of trade

Myanmar Vietnam
Current account balance
$67.7M
2019
$28B
2024
Current account balance ranking
71/190
2019
18/190
2024
Current account balance, % of GDP
+0.09%
2019
+5.89%
2024
Goods imports
$13.7B
2019
$362B
2024
Goods exports
$10.8B
2019
$406B
2024
Service imports
$3.66B
2019
$36.2B
2024
Service exports
$6.68B
2019
$23.9B
2024
Imports of goods and services, % of GDP n/a
83.7%
2024
Exports of goods and services, % of GDP
24.3%
2025
90.2%
2024

Economic freedom indices

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

Myanmar Vietnam
Economic freedom 44.5 64.4
Economic freedom ranking 180/197 73/197
Property rights 5.7 47.3
Government integrity 18.1 39.2
Judicial effectiveness 3.9 31.3
Tax burden 88.6 80.9
Government spending 86.6 89.5
Fiscal health 62.7 96.9
Business freedom 37.9 70
Labor freedom 53.2 54.7
Monetary freedom 57.5 73.2
Trade freedom 69.4 79.8
Investment freedom 30 60
Financial freedom 20 50

Economic freedom comparison by year

Myanmar
Vietnam
1x
Year Economic freedom index
Myanmar Vietnam
2026 44.5 64.4
2025 43.7 65.2
2024 42.2 62.8
2023 46.5 61.8
2022 49.6 60.6
2021 55.2 61.7
2020 54 58.8
2019 53.6 55.3
2018 53.9 53.1
2017 52.5 52.4
2016 48.7 54
2015 46.9 51.7
2014 46.5 50.8
2013 39.2 51
2012 38.7 51.3
2011 37.8 51.6
2010 36.7 49.8
2009 37.7 51
2008 39.5 50.4
2007 41 49.8
2006 40 50.5
2005 40.5 48.1
2004 43.6 46.1
2003 44.9 46.2
2002 45.5 45.6
2001 46.1 44.3
2000 47.9 43.7
1999 46.4 42.7
1998 45.7 40.4
1997 45.4 38.6
1996 45.1 40.2
1995 - 41.7

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Vietnam
Services, % of GDP
41.4%
2024
42.4%
2024
Industry, % of GDP
37.8%
2024
37.6%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
11.9%
2024
GNI, Atlas method
$65.9B
2024
$454B
2024
GNI per capita, PPP
$5,890
2024
$15,850
2024
Total reserves including gold
$9.34B
2023
$83.1B
2024
Total reserves ranking
81/177
2023
30/177
2024
Net foreign direct investment
-$1.74B
2019
-$19.6B
2024
Net inflows of foreign direct investment
$1.1B
2024
$20.2B
2024
Net outflows of foreign direct investment
$0
2024
$600M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
7.29%
2024
Poverty at national poverty lines
24.8%
2017
4.2%
2022
Gross capital formation, % of GDP n/a
30.6%
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/vietnam | 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 (1998–2024, 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 (2023–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.