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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
