Includes historical data for Myanmar’ Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Military Regime Mismanages Economy

On February 1, 2021, Myanmar’s military seized power in a coup d’état, undoing a decade of democratic and economic progress under civilian rule. The military’s crackdown on peaceful protests destabilized the country, leading to widespread opposition and a sharp decline in the investment climate. The economy contracted by 18% that year, a stark contrast to the over 6% growth seen on average during the years prior.

Since then, the regime’s ongoing repression and economic mismanagement have further diminished commercial activity in Myanmar. Restrictions on the internet and telecommunications have disrupted business operations, prompting many foreign companies to suspend their activities, and the EU, the U.S. government and other nations have imposed sanctions. Isolationist policies, structural problems and endemic corruption contribute to Myanmar’s status as one of the poorest countries in Asia.

Macroeconomy & Sovereign Data

Type of Government Military junta
Capital Rangoon (Yangon)
Sovereign Ratings S&P: Not rated
Moody’s: Not rated
Fitch: Not rated
Total Population 54.5 million
Median Age 29.6
Adult Per Capita Income (PPP) 6,545.46
Total GDP (2023) USD 79.3 billion

Myanmar GDP & Economic Overview

Most Recent Content

Banking & Finance

Trade & Investment

Total Exports USD 34.6 billion (2022)
Leading Exports Refined Petroleum
Broadcasting Equipment
Packaged Medicines
Total Imports USD 27.3 billion (2022)
Leading Imports Natural Gas
Clothing Products
Dried Legumes
Precious Stones
Source: World Integrated Trade Solution

Myanmar Leading Companies

Myanmar Economic Bank (MEB) Financials
First Myanmar Investment Company (FMICO) Financials
Myanmar Airways International Transportation, Airlines
Yoma Strategic Holdings Conglomerates, Consumer Staples, Industrials
Max Myanmar Group of Companies Consumer Staples, Food & Beverage Distribution
Myanmar Brewery Limited (MBL) Consumer Staples

Major Trade Partners — Import

China 29.4%
Singapore 19.1%
Thailand 14.4%
Indonesia 8.4%
Malaysia 6.0%

Major Trade Partners — Export

China 29.5%
Thailand 23.1%
Japan 6.0%
India 5.7%
United States 3.9%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000