Myanmar: A Political Economy Analysis Kristian Stokke, Roman Vakulchuk, Indra Øverland Report commissioned by the Norwegian Ministry of Foreign Affairs 2018. Myanmar Sustainable Development Plan (2018 – 2030) August 2018. i ... Myanmar has myriad sectoral, ministerial and sub-national plans. Publication Date: March 28, 2018 ... Country Report No. Nominal Gross Domestic Product for Myanmar from International Monetary Fund (IMF) for the International Financial Statistics (IFS) release. MYANMAR ECONOMIC MONITOR | December 2018 December 2018 Navigating Risks Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized. Yangon future vision 2018 is to be an attractive international port and logistics hub, a city of blue, green and gold. Real GDP is projected to moderate to 6.2 percent in 2018… The Investor Handout of a leading local PE firm described the following to be Myanmars unique advantages14: • Fast-growing economy: GDP growth projected to grow at 7.5% CAGR till 2022 as per the IMF In 2017-2018, April to March 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. GDP of Myanmar increased from 7.17 billion US dollars in 2001 to 70.89 billion US dollars in 2020 growing at an average annual rate of 13.64%. Myanmar’s economy performed better in 2017/18 with a modest growth acceleration that partially reversed the deterioration experienced in 2016/17. Asia and Pacific Dept. Aung Myin Ye Zaw/The Myanmar Times. However, the World Bank expects Myanmar’s economic growth will have a slight pick-up in the 2018-19 fiscal year, rising to 6.5 percent from 6.4 percent during the Transition Period (April to September, 2018), reinforced by subsidized price and exchange rate volatility and the acceleration in the reforms agenda. Inflation surged to 8.6% in FY2019 from 5.9%. 1:1,450 at the beginning of August 2018. Myanmar’s Economic Trends The Myanmar economy has continued to achieve favorable growth ever since 2011, when the transition to civilian rule by the military regime took place. Thus, Myanmar has encouraged domestic and foreign investors to invest in various economic sectors. Myanmar’s external debts account for 40 per cent of the total debts. Myanmar has one of the fastest-growing economies in Southeast Asia, with average economic growth of 7.5% during the period 2012–2016, and this is expected to continue for several years. 7 For the GDP (current prices), the source is Ministry of National Planning and Economic Development (later Ministry of Planning and Finance), as reflected in World Economic Outlook (WEO) 2014 (GDP 2011-14) and WEO 2017 (GDP 2015-18). In 2017, the government pursued a prudent fiscal policy, which includes passing a new tax law, granting permission for Although it has moderated from earlier double-digit highs, GDP growth remained robust in the early 2010s, accelerating from 5.3% in 2010 to 5.6% in 2011, 7.3% in 2012, 8.4% in 2013 and 8% in 2014. Economic growth, percent change in quarterly real GDP in Burma (Myanmar), June, 2020: The latest data from Q2 2020 show economic growth of 5.3 percent, which is a decrease from the rate of growth of 6.5 percent in the previous quarter and a decrease compared to the growth rate of 5.7 percent in the same quarter last year. Occupying a strategic position at the crossroads of India, China and Thailand, and now in its seventh year of sweeping economic liberalisation and political transition, Myanmar remains one of the fastest-growing economies in South-east Asia. With a population of about 54 million, young working population and an average and projected GDP growth average 6 – 9%, Myanmar has promising investment opportunities. The extent of the sector’s growth will depend on the economy though. Myanmar is sometimes referred to as one of the “last frontier” countries in Asia. The years 2013 and 2014 stand out especially, when high growth exceeding 8% was achieved. “If the domestic economy continues to decline, utilisation of banking services will be affected,” U Than Lwin explained. Despite its many challenges, Myanmar still presents an unparalleled opportunity for investors seeking access to a truly undeveloped market. ADB operations in Myanmar address the strategic areas of infrastructure connectivity, human capital and skills development, and structural and institutional reform to improve the inclusiveness of the country's economic growth. Myanmar gdp growth rate for 2016 was 5.75%, a 1.24% decline from 2015. Why Myanmar. Myanmar’s economy rebounded in 2017/18 but is showing signs of slowing; growth is expected to moderate to around 6.4 percent in 2018/19. Data refer to fiscal years starting in April and ending in March. Author/Editor: International Monetary Fund. The medium-to-long-term outlook remains favorable with economic growth expected to gradually rise close to 7 percent; risks are tilted to the downside, including from the Rakhine crisis. Foreign direct investments (FDI) commitments expanded to .2 billion during the year, with manufacturing, transportation and telecommunications as key FDI sectors. In 2020, GDP for Myanmar was 70.89 billion US dollars. In 2018, the share of the GDP contribution from the total agriculture sector in Myanmar was approximately 20.5 percent. Total land area of Yangon is 1,535 square kilometers with GDP growth of 6.8%, waterways of 1,280 kilometers (world’s 10th longest) and vehicle ownership of 10 cars per 1,000 people. The extent of the sector’s growth will depend on the economy though. Download Historical Data Save as Image. ... Health expenditure, private (% of GDP) Health expenditure, public (% of GDP) Health expenditure, total (% of GDP) Hospital beds (per 1,000 people) 189/191, Mahabandoola Road, Fax : 95-01-397454 Botataung P. O. Recovery in agriculture and industry pushed GDP growth up to 6.8% in FY2019 (ending September 2019) from 6.4% in FY2018. Data Source: World Bank MLA Citation: PopulationPyramid.net Population Pyramids of the World from 1950 to 2100. The economy experienced a broad-based increase in real GDP growth to 6.4 percent in 2017/181 from 5.9 percent in 2016/17. Trading Partner Rank (2018): 34. Fast-Growing Economy . Genuine development will only come to Myanmar if, ... GDP Gross Domestic Product GMS Greater Mekong Subregion GoM Government of Myanmar Myanmar gdp growth rate for 2018 was 6.75%, a 0.35% increase from 2017. “If the domestic economy continues to decline, utilisation of banking services will be affected,” U Than Lwin explained. The Myanmar economy is expected to grow at 6.2pc this year. Gross Domestic Product ASEAN GDP per Capita at Current Prices (US$) ASEAN ASEAN 6 CLMV 4,083.1 4,046.3 4,307.6 4,977.5 4,845.3 5,157.0 1,603.9 1,939.9 2013 2016 2017 ASEAN GDP by Economic Sector, 2017 (0/0) Brunei Darussalam Indonesia Lao PDR Malaysia Myanmar Philippines Singapore Thailand Viet Nam Agriculture Industry 58.7 33.1 40.1 Services 40. Many foreign investors expect a massive fast-growing economy and wish to enter into Myanmar’s untapped market. Current Status of Myanmar Economy Summary 1. Myanmar is working to maintain the local and external debts to GDP ratio at 40 per cent. The current account deficit narrowed to the equivalent of … Agriculture in Myanmar Kang Wan Chern Thiha Ko Ko 14 Dec 2018. Mailing List - See more. However, Myanmar has Although Myanmar maintains relatively strong growth momentum by global and regional standards, macroeconomic volatility has intensified as the country continues to navigate significant uncertainty and risks at home and abroad. Myanmar gdp growth rate for 2017 was 6.41%, a 0.65% increase from 2016. Population Pyramids: Myanmar - 2018. Growth has dropped off slightly since 2015, reaching 7% that year and 6.1% in 2016, according to the IMF. The Myanmar The Myanmar economy is expected to expand by 7.6pc in 2018-19, according to the National Planning Bill signed by President U Win Myint on September 21. Investment is an important factor to sustain economic growth. Merchandise Trade summary statistics data for Myanmar (MMR) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP for year 2018 Myanmar and ADB. The external debt to the GDP ratio was 16.7 per cent in 2015-2016 FY, 13.4 per cent in 2016-2017 FY and 15.4 per cent in 2017-2018 FY. Myanmar : Selected Issues. MYANMAR ECONOMIC HOLDING LIMITED Tel : 397471, 397472, 397187 No. Myanmar Economy in 2018 Business Information Centre, Royal Thai Embassy After the establishment of democratically elected government in April 2018, Myanmar’s economic forecast remains broadly positive. Myanmar is now in turmoil after the military staged a coup against the ruling National League for Democracy (NLD) and detained its leader, Aung San Suu Kyi, over unsubstantiated allegations of fraud in the election held in November 2020. MANDALAY — Myanma Economic Bank will provide some 700 billion kyats (US$520 million) in loans to small and medium enterprises (SMEs) across the country next year. Myanmar Economic Forecast for 2018 and Economic Update Overview: Myanmar’s economy is expected to recover in 2017/2018 due to the notable reforms and strong foreign investment flowing into the country. While the outlook remains positive, risks have intensified. 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 … 5/3/Ah Kha Ya/Pai (2124/2018) Date: 25th June, 2018 To Union Minister Office Ministry of Planning and Finance Nay Pyi Taw Contents Myanmar's economy is forecast to expand to 6.4% in 2018-19, before picking up to 6.8% in 2019-20, as the market opens up to foreign investment, according to the Institute of Chartered Accountants in England and Wales’s (ICAEW) latest Economic Update: South-East Asia report. World Bank downgrades Myanmar’s GDP forecast, flags rising risks. This page provides forecast and historical data, charts, statistics, news and updates for Myanmar Nominal Gross Domestic Product. 11161 Yangon, Republic of the Union of Myanmar Reference No. In the financial year 2018, the agricultural sector’s gross domestic product (GDP) contribution was almost seven trillion Myanmar kyat. The Report: Myanmar 2018. The Myanmar economy is expected to expand by 7.6pc in 2018-19, according to the National Planning Bill signed by President U Win Myint on September 21.