myanmar gdp growth rate 2019

myanmar gdp growth rate 2019

Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. Parliament has approved the National Planning Law for fiscal 2020-21, under which the Myanmar economy is forecast to grow at a rate of 6 percent. All rights reserved. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Ongoing conflicts in Rakhine state will hinder efforts to repatriate Rohingya refugees and continue to prompt criticism from Western governments. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The data reached an all-time high of 8.4 % in Dec 2013 and a record low of 5.6 % in Dec 2011. The description is composed by our digital data assistant. The most complete set of 5.5 million time series covering more than 200 economies, compiled from 1500 sources worldwide. The 0.5 percentage point decline in the growth rate from the previous year is the biggest since a 1.7 point year-on-year slowdown in 2012. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP per Capita in Myanmar (formerly Burma) (with a population of 53,382,523 people in 2017) was $1,489, an increase of $85 from $1,404 in 2016; this represents a change of 6.1% in GDP … Confirmed and recovered cases, deaths, alternative data on economic activities, customer behavior, supply chains, and more. World and regional statistics, national data, maps and rankings, Latest releases of new datasets and data updates from different sources around the world. Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema. GDP Growth Rate in 2017 was 6.76%, representing a change of 5,032,687,515 US$ over 2016, when Real GDP was $74,463,144,018. Curated by Knoema’s data analysts to deliver leading short-term and long-term indicators and forecasts from trusted sources for each of the covered industries. Real GDP Growth prior to 2017 is calculated from Real GDP in annual frequency, ending in March of each year. GDP Per Capita in Myanmar reached 1,249.7 USD in Dec 2017. Economic growth will slow sharply to just over 1% in 2020 but post a strong recovery post-pandemic as the country's low … Annual percentage growth rate of GDP at market prices based on constant local currency. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Under the baseline scenario, in which the domestic spread of the coronavirus is brought under control, the global economy swiftly recovers, and Myanmar’s GDP growth rate is projected to bounce back to 7.2 percent in FY2020/21, poverty rates would increase in the short term and will not return to pre-crisis levels FY2021/22. The economy of Myanmar (also known as Burma) is an emerging economy with a nominal GDP of $69.322 billion in 2017 and an estimated purchasing power adjusted GDP of $327.629 billion in 2017 according to World Bank. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database. Knoema is the most comprehensive source of global decision-making data in the world. For the 2018 estimate, GDP per capita in Myanmar will be $6,509 in PPP per capita and $1,490 in nominal per capita United States: Trade Deficit Widened to Record $84 Billion in August, IMF Global Growth Projections | Cautious Optimism Amidst COVID-19 Upsurge, Knoema Global Economic Outlook | Q2 2020 Explained, Current account balance as a share of GDP. In comparison, the economy was projected to expand by 7pc in fiscal 2019-20 but due to COVID-19 is now expected to have grown by just 4.3pc instead, according to official data. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Myanmar GDP Growth Rate chart, historic, and current data. Real GDP Growth YoY data in Myanmar is updated yearly, available from Dec 2011 to Dec 2019, with an average rate of 6.8 %. Unlimited access tailored to your data needs, Instant access to full history data in excel. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. The Gross Domestic Product (GDP) in Myanmar expanded 6.8 % YoY in Dec 2019, following a growth of 6.4 % in the previous year. Our tools allow individuals and organizations to discover, visualize, model, and present their data and the world’s data to facilitate better decisions and better outcomes. CEIC calculates Real GDP Growth from annual Real GDP. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Current Myanmar GDP Growth Rate is 5.87%. Search and explore the world’s largest statistical database to find data. They were placed on your computer when you launched this website. Myanmar real GDP growth was at level of 6.5 % in 2019, up from 6.4 % previous year. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Live data and insights on Coronavirus outbreak around the world, including detailed statistics for the US, Italy, EU, and China. The Gross Domestic Product (GDP) in Myanmar expanded 6.8 % YoY in Dec 2019, following a growth of 6.4 % in the previous year. Our website uses cookies to improve your online experience. Okay to continue It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Its GDP deflator (implicit price deflator) increased 6.3 % in Dec 2019. Myanmar economic growth for was $0.00B, a NAN% decline from . We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. The data reached an all-time high of 8.4 % in Dec 2013 and a record low of 5.6 % in Dec 2011. Central Statistical Organization provides Real GDP in local currency, at 2015-2016 prices in annual frequency, ending in September of each year. Myanmar real GDP growth was at level of 6.5 % in 2019, up from 6.4 % previous year. Annual percentage growth rate of GDP at market prices based on constant local currency. Please check your download folder. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. CEIC shifts year-end for annual Real GDP. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Its Gross Savings Rate was measured at 28.7 % in Mar 2018. You can change your personal cookie settings through your internet browser settings. © 2020 CEIC Data, an ISI Emerging Markets Group Company. There is no data available for your selected dates. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Forecast: GDP PPP Per Capita (PPP Intl $), Total Trade of Goods & Services: % of Nominal GDP (%), GDP: Services: Wholesale and Retail Trade Value (MMK mn), GDP: Goods: Processing & Manufacturing (MMK mn), GDP: Services: Financial Institutions (MMK mn), GDP: Services: Social & Administrative Services (MMK mn), GDP: Services: Rental & Other Services (MMK mn), GDP: Industry Goods: Construction (MMK mn), GDP: Industry Goods: Electric Power (MMK mn), GDP: Industry Goods: Processing & Manufacturing (MMK mn), GDP: Agriculture Goods: Agriculture (MMK mn), GDP: Agriculture Goods: Livestock & Fishery (MMK mn), GDP: Agriculture Goods: Forestry (MMK mn), Gross Domestic Product (GDP): 2015-16p (MMK mn), MM: GDP: Real: Final Consumption Expenditure (MMK mn), MM: GDP: Real: Final Consumption Expenditure: Household (MMK mn), MM: GDP: Real: Final Consumption Expenditure: General Government (MMK mn), MM: GDP: Real: Gross Fixed Capital Formation (MMK mn), MM: GDP: Real: Exports of Goods and Services (MMK mn), MM: GDP: Real: Imports of Goods and Services (MMK mn), Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (MMK bn), Budget: TR: Tax on Income and Profit (MMK mn), Budget: Net Capital Expenditure (NEX) (MMK mn), State Govt Budget: Surplus of Deficit (MMK mn), State Govt Revenue: Tax: Goods & Services and Commercial (MMK mn), Motor Vehicle Sales: Commercial Cars (Unit), Motor Vehicle Sales: Passenger Cars (Unit), Household Expenditure: Monthly Average (MA) (MMK), CPI: Food and Non Alcoholic Beverage Change (%), Forecast: Consumer Price Index Growth (%), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), Imports: Edible Vegetable Oil & Other Hydrogenated Oils (USD mn), Imports: Machinery Non-Electric & Transport Equipment (USD mn), Imports: Fabric of Artificial & Synthetics Fabric (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), Balance of Payment(BoP): Current Account (CA) (USD mn), BoP: CA: Secondary Income: Receipts (USD mn), BoP: CA: Secondary Income: Payments (USD mn), BoP: CA: Primary Income: Receipts (USD mn), BoP: CA: Primary Income: Payments (USD mn), BoP: Financial Account: Liabilities (USD mn), Foreign Exchange Reserves: Months of Import (NA), Policy Rate: Month End: Central Bank Rate (% pa), Saving Deposit Rate: Basic Rate: Min (% pa), Forex: Reference Rate: US Dollar: Average Period (MMK/USD), Forex: Official Rate: Reference Rate: US Dollar (MMK/USD), Natural Gas Production: OPEC: Marketed Production (Cub m mn), Visitor Arrival: RGN & MDL: TV: Japan (Person), Visitor Arrival: RGN & MDL: TV: Korea (Person), Visitor Arrival: RGN & MDL: TV: Malaysia (Person), Visitor Arrival: RGN & MDL: TV: Thailand (Person), Stock Price Index: Yangon Stock Exchange: Composite (25Mar2016=1000), Market Capitalization: End of Period (MMK mn), Number of Listed Company: End of period (Number), Liner Shipping Connectivity Index (2004=100), Exports: Telecommunication Equipment (USD th), Imports: Telecommunication Equipment (USD th), Motor Vehicle Registered: Motorcycles (Unit), Gross Domestic Product: Annual Growth Rate, Gross Domestic Product: by Expenditure: Annual, Gross Domestic Product: Deflator and Volume Index: Annual, Gross Domestic Product: Purchasing Power Parity, SNA 1968: Gross Domestic Product: Current Price, SNA 1968: Gross Domestic Product: Current Price (Annual).

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