Myanmar GDP Trends from 1998 to 2024: A overall increase with some decline Flow

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%.

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.


Myanmar GDP from 1998 to 2024

The total market value of goods and services produced annually in Myanmar.

Change Chart

    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)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    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