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Economy of Myanmar vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Myanmar has a GDP of $74.1B compared to $41.5B for Zimbabwe, ranking 85/197 and 102/197 by economy size, respectively.

Myanmar has $44B in government debt (59.3% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Myanmar vs Zimbabwe GDP by year

Myanmar
Zimbabwe
1x
Year GDP, current $
Myanmar Zimbabwe
2024 $74,068,349,524 $41,539,411,516
2023 $66,757,619,000 $35,871,779,681
2022 $62,253,049,903 $40,757,561,709
2021 $66,345,291,149 $41,287,673,690
2020 $79,006,113,670 $31,980,334,561
2019 $75,065,106,243 $33,357,695,635
2018 $67,860,515,993 $34,141,666,667
2017 $66,053,040,475 $51,035,657,371
2016 $63,298,361,984 $20,559,250,000
2015 $59,607,290,408 $19,973,250,000
2014 $65,531,374,210 $19,505,500,000
2013 $60,269,732,855 $19,100,750,000
2012 $59,937,796,648 $17,123,500,000
2011 $59,977,326,086 $14,109,000,000
2010 $49,540,813,342 $12,047,750,000
2009 $36,906,181,381 $9,670,750,000
2008 $31,862,554,102 $4,418,000,000
2007 $20,182,477,481 $5,294,750,000
2006 $14,502,553,710 $5,446,750,000
2005 $11,986,972,419 $5,758,250,000
2004 $10,567,354,056 $5,808,500,000
2003 $10,467,109,978 $5,730,500,000
2002 $6,777,632,512 $6,345,250,000
2001 $6,477,790,688 $6,780,750,000
2000 $8,905,066,164 $6,693,250,000
1999 $8,486,832,801 $6,861,500,000
1998 $6,459,461,639 $6,405,250,000
1997 $4,722,288,496 $8,534,000,000
1996 $6,123,556,717 $8,557,500,000
1995 $5,289,174,943 $7,115,000,000
1994 $4,432,257,174 $6,894,250,000
1993 $3,163,020,035 $6,567,250,000
1992 $2,411,552,289 $6,755,000,000
1991 $2,069,832,687 $8,646,000,000
1990 $2,115,193,513 $8,788,301,546
1989 $2,013,448,229 $8,290,553,535
1988 $1,541,088,312 $7,818,774,177
1987 $1,562,448,077 $6,744,657,033
1986 $1,582,873,750 $6,220,698,247
1985 $1,478,908,173 $5,640,137,575
1984 $1,304,063,253 $6,355,369,172
1983 $1,381,573,615 $7,768,031,182
1982 $1,481,165,468 $8,544,060,905
1981 $1,111,000,765 $8,015,464,252
1980 $1,038,225,167 $6,682,278,300
1979 $952,265,043 $5,180,102,910
1978 $935,408,775 $4,353,822,343
1977 $873,579,932 $4,366,610,469
1976 $1,204,699,849 $4,320,576,877
1975 $1,061,107,354 $4,373,532,601
1974 $1,225,589,878 $3,984,194,614
1973 $719,754,655 $3,311,043,292
1972 $662,213,083 $2,679,096,597
1971 $587,448,405 $2,179,828,710
1970 $563,555,631 $1,885,168,339
1969 $571,854,215 $1,748,891,294
1968 $559,956,130 $1,480,355,355
1967 $420,359,036 $1,397,715,282
1966 $293,103,479 $1,282,403,936
1965 $367,053,117 $1,312,105,394
1964 $411,419,906 $1,217,759,447
1963 $598,998,419 $1,160,103,724
1962 $634,528,872 $1,118,172,226
1961 $605,581,577 $1,097,206,526
1960 $545,098,448 $1,053,528,036

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

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

GDP per capita in Myanmar vs Zimbabwe by year

Myanmar
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Myanmar Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,359 $5,997 $2,497 $5,928
2023 $1,233 $5,953 $2,195 $5,791
2022 $1,158 $5,732 $2,536 $5,396
2021 $1,243 $5,178 $2,614 $4,827
2020 $1,490 $5,741 $2,060 $4,179
2019 $1,426 $6,101 $2,184 $4,166
2018 $1,298 $5,581 $2,271 $3,993
2017 $1,273 $4,706 $3,445 $10,756
2016 $1,229 $4,460 $1,408 $4,275
2015 $1,167 $4,459 $1,387 $4,046
2014 $1,293 $4,376 $1,373 $3,903
2013 $1,199 $4,144 $1,363 $3,784
2012 $1,203 $3,845 $1,239 $3,472
2011 $1,214 $3,579 $1,038 $3,047
2010 $1,011 $3,348 $902 $2,661
2009 $758 $3,040 $736 $2,233
2008 $658 $2,748 $341 $1,987
2007 $419 $2,459 $414 $2,396
2006 $303 $2,153 $431 $2,454
2005 $252.7 $1,860 $461 $2,496
2004 $224.5 $1,601 $470 $2,591
2003 $224.3 $1,385 $468 $2,708
2002 $146.6 $1,204 $525 $3,238
2001 $141.5 $1,069 $566 $3,533
2000 $196.6 $949 $563 $3,429
1999 $189.5 $825 $582 $3,491
1998 $146 $742 $552 $3,527
1997 $108 $702 $751 $3,457
1996 $141.9 $661 $767 $3,372
1995 $124.1 $618 $648 $3,051
1994 $105.4 $573 $634 $3,012
1993 $76.2 $529 $605 $2,703
1992 $58.9 $494 $631 $2,651
1991 $51.2 $447 $831 $2,930
1990 $53.1 $441 $867 $2,757
1989 $51.3 - $840 -
1988 $39.9 - $816 -
1987 $41.1 - $726 -
1986 $42.4 - $693 -
1985 $40.4 - $649 -
1984 $36.3 - $757 -
1983 $39.3 - $959 -
1982 $43 - $1,096 -
1981 $32.8 - $1,069 -
1980 $31.2 - $949 -
1979 $29.2 - $779 -
1978 $29.3 - $665 -
1977 $27.9 - $677 -
1976 $39.2 - $687 -
1975 $35.2 - $717 -
1974 $41.4 - $674 -
1973 $24.8 - $579 -
1972 $23.3 - $483 -
1971 $21.1 - $406 -
1970 $20.7 - $361 -
1969 $21.5 - $346 -
1968 $21.5 - $302 -
1967 $16.5 - $294.4 -
1966 $11.8 - $278.7 -
1965 $15.1 - $294.3 -
1964 $17.3 - $281.9 -
1963 $25.8 - $277.1 -
1962 $27.9 - $275.7 -
1961 $27.3 - $279.2 -
1960 $25.1 - $276.6 -

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

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

Myanmar's GDP per capita is $1,359, ranking 165/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Myanmar ranks 153rd at $5,997, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Myanmar Zimbabwe
Gross domestic product
$74.1B
2024
$41.5B
2024
GDP rank
85/197
2024
102/197
2024
GDP growth
-0.97%
2023-2024
1.74%
2023-2024
GDP per capita
$1,359
2024
$2,497
2024
GDP per capita rank
165/197
2024
148/197
2024
GDP per capita, PPP
$5,997
2024
$5,928
2024
GDP per capita PPP rank
153/197
2024
154/197
2024
Government debt
$44B
2024
$30.3B
2024
Debt-to-GDP ratio
59.3%
2024
73%
2024
Government debt per person
$806
2024
$1,824
2024
Government debt per person rank
150/185
2024
121/185
2024
Average annual personal income after taxes
$1,646
2026
$2,897
2026
Market capitalization of domestic companies n/a
$2.46B
1999
Number of billionaires n/a
1
2025
Income share by richest 10%
25.5%
2017
40.5%
2019
Income share by poorest 10%
3.8%
2017
1.9%
2019
Government expenditure, % of GDP
20.7%
2024
12.9%
2024
Consumer prices inflation
8.83%
2018-2019
736%
2023-2024
Central bank interest rate n/a
35%
2024
Unemployment rate
1.48%
2020
12.1%
2024
Population
55292116
17361868

Spending and national debt comparison by year

Myanmar
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Myanmar Zimbabwe
Government spending Government debt Government spending Government debt
2024 20.7% 59.3% 12.9% 73%
2023 21.4% 59.1% 15.5% 76.1%
2022 21.3% 56.1% 14.4% 66.8%
2021 20.9% 63.4% 12.8% 39.9%
2020 21.3% 49.1% 9.27% 56.8%
2019 20.5% 37.6% 9.36% 53.9%
2018 18.7% 39.9% 13.9% 33%
2017 19.7% 41.9% 19.8% 49%
2016 21.3% 35.7% 16.6% 35.1%
2015 23.7% 36.6% 14.7% 34.1%
2014 24.7% 34.5% 14.1% 29.2%
2013 23.9% 44.8% 14.7% 26.4%
2012 20% 48% 14.6% 27.2%
2011 15.6% 49.9% 16.2% 30%
2010 15.8% 54.4% 12.8% 33.2%
2009 14.4% 56.4% 7.93% 39.7%
2008 14.4% 59.8% 2.54% 41.3%
2007 15.7% 77.4% 3.43% 30.2%
2006 15.6% 103.1% 5.72% 26.7%
2005 14.6% 119% 10.5% 22.4%
2004 14.6% 126.6% - -
2003 14.3% 146% - -
2002 15.3% 190.6% - -
2001 19.1% 262% - -
2000 21.4% 164.5% - -
1999 22.8% 150.7% - -
1998 25.2% 208.6% - -

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

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

In 2024, Myanmar's government spending was $15.3B, accounting for 20.7% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 59.3% in Myanmar and 73% in Zimbabwe, ranking 81/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Myanmar

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Myanmar Zimbabwe
2024 -5.06% -1.06%
2023 -5.18% -3.9%
2022 -2.82% -3.3%
2021 -2.47% -2.24%
2020 -6.5% -0.34%
2019 -4.7% -1.72%
2018 -2.77% -3.81%
2017 -3.42% -7.37%
2016 -2.53% -4.63%
2015 -4.33% -1.45%
2014 -1.06% -0.71%
2013 -1.53% -0.69%
2012 -2.7% -0.13%
2011 -4.82% -1.72%
2010 -5.4% -0.11%
2009 -3.55% -1.39%
2008 -2.73% -1.2%
2007 -3.52% -1.67%
2006 -3.42% -1.4%
2005 -3.49% -3.46%
2004 -4.62% -
2003 -4.24% -
2002 -4.01% -
2001 -6.34% -
2000 -6.03% -
1999 -4.46% -
1998 -4.89% -

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

GeoRank.org/economy/myanmar/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Myanmar recorded a fiscal deficit in 20 of those years, while Zimbabwe ran a deficit in 20 years. On average, Myanmar posted an annual deficit equal to 3.6% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Myanmar

Zimbabwe
1x
Year Consumer prices inflation
Myanmar Zimbabwe
2024 - 736%
2023 - 667%
2022 - 193.4%
2021 - 98.5%
2020 - 557%
2019 8.83% 255.3%
2018 6.87% 10.6%
2017 4.57% 0.9%
2016 6.93% -1.6%
2015 9.45% -2.4%
2014 4.95% -0.2%
2013 5.64% 1.6%
2012 1.47% 3.7%
2011 5.02% 3.5%
2010 7.72% 3%
2009 1.47% 6.2%
2008 26.8% 157%
2007 35% -72.7%
2006 20% 33%
2005 9.37% -31.5%
2004 4.53% 113.6%
2003 36.6% -8.6%
2002 57.1% -34.4%
2001 21.1% -37.2%
2000 -0.11% 4.5%
1999 18.4% -13.4%
1998 51.5% -28%
1997 29.7% -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/zimbabwe | CC BY

Over the past 23 years, Myanmar has recorded an average annual inflation rate of 16.2%, compared with 15.7% in Zimbabwe. In 2019, inflation was 8.83% in Myanmar and 736% in Zimbabwe.

Top exports between countries

Myanmar
Export category Export value
Wood & paper products $27K
Textiles & consumer goods $9K
Zimbabwe
Export category Export value

Balance of trade

Myanmar Zimbabwe
Current account balance
$67.7M
2019
$501M
2024
Current account balance ranking
71/190
2019
62/190
2024
Current account balance, % of GDP
+0.09%
2019
+1.21%
2024
Goods imports
$13.7B
2019
$9.06B
2024
Goods exports
$10.8B
2019
$7.79B
2024
Service imports
$3.66B
2019
$1.66B
2024
Service exports
$6.68B
2019
$457M
2024
Imports of goods and services, % of GDP n/a
23.4%
2024
Exports of goods and services, % of GDP
24.3%
2025
18%
2024

Economic freedom indices

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

Myanmar Zimbabwe
Economic freedom 44.5 35.2
Economic freedom ranking 180/197 190/197
Property rights 5.7 19.4
Government integrity 18.1 20.7
Judicial effectiveness 3.9 16.8
Tax burden 88.6 73.6
Government spending 86.6 93.9
Fiscal health 62.7 52.4
Business freedom 37.9 42
Labor freedom 53.2 33.3
Monetary freedom 57.5 0
Trade freedom 69.4 50.4
Investment freedom 30 10
Financial freedom 20 10

Economic freedom comparison by year

Myanmar
Zimbabwe
1x
Year Economic freedom index
Myanmar Zimbabwe
2026 44.5 35.2
2025 43.7 35.1
2024 42.2 38.2
2023 46.5 39
2022 49.6 33.1
2021 55.2 39.5
2020 54 43.1
2019 53.6 40.4
2018 53.9 44
2017 52.5 44
2016 48.7 38.2
2015 46.9 37.6
2014 46.5 35.5
2013 39.2 28.6
2012 38.7 26.3
2011 37.8 22.1
2010 36.7 21.4
2009 37.7 22.7
2008 39.5 29.5
2007 41 32
2006 40 33.5
2005 40.5 35.2
2004 43.6 34.4
2003 44.9 36.7
2002 45.5 36.7
2001 46.1 38.8
2000 47.9 48.7
1999 46.4 47.2
1998 45.7 44.6
1997 45.4 48
1996 45.1 46.7
1995 - 48.5

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

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

The Economic Freedom Index for Myanmar is 44.5, ranking 180/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Myanmar Zimbabwe
Services, % of GDP
41.4%
2024
50.6%
2024
Industry, % of GDP
37.8%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
20.8%
2024
8.69%
2024
GNI, Atlas method
$65.9B
2024
$39.9B
2024
GNI per capita, PPP
$5,890
2024
$5,870
2024
Total reserves including gold
$9.34B
2023
$485M
2024
Total reserves ranking
81/177
2023
157/177
2024
Net foreign direct investment
-$1.74B
2019
-$465M
2024
Net inflows of foreign direct investment
$1.1B
2024
$465M
2024
Net outflows of foreign direct investment
$0
2024
$131M
2024
Servicing debt to the IMF, % of GNI
1.31%
2024
3.44%
2024
Poverty at national poverty lines
24.8%
2017
38.3%
2019
Gross capital formation, % of GDP n/a
8.85%
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/zimbabwe | 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 (2020, 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.