Myanmar's GDP changed from approximately $4B 838M in 1998 to $68B 6M in 2024, showing an overall 1305.7% sharply increased during the period.
The lowest GDP was recorded in 1998 at $4B 838M, and the highest in 2020 at $77B 801M.
Over the 26-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 10.7%.
For comparison, the average annual growth rate of Thailand was 6.6%, and that of China was 9.8%.
Myanmar GDP from 1998 to 2024
The total market value of goods and services produced annually in Myanmar.
Overview of Myanmar's GDP (1998–2024)
The Gross Domestic Product (GDP) of Myanmar recorded a 1305.7% sharply increased from 1998 to 2024.
The average GDP during this period was $39B 506M, and the median was $50B 292M.
GDP fluctuated within a range of $72B 963M, with a standard deviation of $26B 535M.
The average annual change was $3B 159M.
Highest and Lowest GDP Records
- Lowest GDP: 1998, $4B 838M
- Highest GDP: 2020, $77B 801M
- Most Recent GDP: 2024, $68B 6M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2021: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Myanmar's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $68B 802M → $77B 801M
- Outcome: sharply increased
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $16B 760M → $28B 971M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $7B 261M → $6B 693M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $0 → $4B 838M
- Outcome: remained stable
Key Economic Indicators of Myanmar (1998–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1998 | $ 4B 838M | $ 109.09 | $ 744.08 | $ 32B 996M | 0 % | -22.762 % | −11.72 % | -3.527 % | 44M 345K people |
1999 | $ 6B 44M | $ 134.37 | $ 806.67 | $ 36B 285M | 8.432 % | -14.582 % | −3.23 % | -3.1 % | 44M 981K people |
2000 | $ 7B 261M | $ 159.29 | $ 915.10 | $ 41B 715M | 12.418 % | -8.75 % | 4.47 % | -4.479 % | 45M 585K people |
2001 | $ 6B 693M | $ 145.10 | $ 1,040.01 | $ 47B 972M | 12.468 % | -7.262 % | 5.49 % | -4.768 % | 46M 126K people |
2002 | $ 6B 496M | $ 139.44 | $ 1,149.47 | $ 53B 554M | 9.928 % | -1.684 % | 8.40 % | -2.733 % | 46M 590K people |
2003 | $ 8B 336M | $ 177.44 | $ 1,315.92 | $ 61B 818M | 13.196 % | 1.262 % | 10.61 % | -3.106 % | 46M 977K people |
2004 | $ 10B 95M | $ 213.40 | $ 1,547.52 | $ 73B 204M | 15.318 % | 2.403 % | 13.16 % | -3.462 % | 47M 304K people |
2005 | $ 11B 382M | $ 239.13 | $ 1,801.40 | $ 85B 742M | 13.567 % | 5.554 % | 17.21 % | -2.364 % | 47M 598K people |
2006 | $ 12B 752M | $ 266.30 | $ 2,091.35 | $ 100B 148M | 13.307 % | 7.754 % | 19.66 % | -2.394 % | 47M 887K people |
2007 | $ 16B 760M | $ 347.81 | $ 2,401.53 | $ 115B 719M | 12.5 % | 2.911 % | 15.33 % | -2.504 % | 48M 186K people |
2008 | $ 23B 907M | $ 492.98 | $ 2,615.97 | $ 126B 863M | 7.558 % | -3.353 % | 11.06 % | -1.626 % | 48M 496K people |
2009 | $ 28B 971M | $ 593.45 | $ 2,729.38 | $ 133B 244M | 4.385 % | -3.261 % | 14.40 % | -2.207 % | 48M 818K people |
2010 | $ 35B 748M | $ 727.19 | $ 2,887.35 | $ 141B 939M | 5.247 % | 5.046 % | 27.46 % | -3.902 % | 49M 159K people |
2011 | $ 50B 292M | $ 1,015.56 | $ 3,085.41 | $ 152B 793M | 5.471 % | -2.016 % | 26.44 % | -3.351 % | 49M 521K people |
2012 | $ 55B 131M | $ 1,104.64 | $ 3,454.36 | $ 172B 404M | 6.486 % | -1.943 % | 29.92 % | -1.396 % | 49M 909K people |
2013 | $ 59B 176M | $ 1,175.91 | $ 3,829.51 | $ 192B 715M | 7.899 % | -1.268 % | 30.76 % | -0.435 % | 50M 324K people |
2014 | $ 63B 153M | $ 1,244.18 | $ 4,130.26 | $ 209B 644M | 8.2 % | -4.468 % | 27.59 % | -0.066 % | 50M 758K people |
2015 | $ 62B 655M | $ 1,223.74 | $ 4,224.24 | $ 216B 278M | 7.473 % | -3.472 % | 30.08 % | -1.615 % | 51M 199K people |
2016 | $ 60B 90M | $ 1,163.79 | $ 4,141.47 | $ 213B 835M | 6.408 % | -4.206 % | 29.27 % | -2.603 % | 51M 633K people |
2017 | $ 61B 267M | $ 1,177.08 | $ 4,332.72 | $ 225B 517M | 5.75 % | -6.793 % | 27.71 % | -1.524 % | 52M 50K people |