[ Nominal GDP in billions of USD ]
Year -
$74.07 billions
Myanmar GDP expanded from 1960 to 2024, increasing from $0.55 billion to $74.07 billion.The compound annual growth rate (CAGR) averaged 7.96% over the period. The economy recorded its peak level in 2020 and its lowest level in 1966. Growth volatility remained high. The maximum drawdown reached 53.97%, indicating the largest cyclical decline from peak levels. The country experienced 12 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 74.07 Billions | $ 326.86 Int Billions |
| Growth (YoY) | 10.951% | 1.422% |
| Net Change vs Previous Year | $ 7.31 Billion | $ 4.58 Int Billion |
| % of World GDP | 0.07% | 0.16% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.55 | - | - | - | - | - |
| 1961 | 0.61 | 0.06 | 11.096 % | - | - | - |
| 1962 | 0.63 | 0.03 | 4.78 % | - | - | - |
| 1963 | 0.6 | -0.04 | -5.6 % | - | - | - |
| 1964 | 0.41 | -0.19 | -31.315 % | - | - | - |
| 1965 | 0.37 | -0.04 | -10.784 % | - | - | - |
| 1966 | 0.29 | -0.07 | -20.147 % | - | - | - |
| 1967 | 0.42 | 0.13 | 43.417 % | - | - | - |
| 1968 | 0.56 | 0.14 | 33.209 % | - | - | - |
| 1969 | 0.57 | 0.01 | 2.125 % | - | - | - |
| 1970 | 0.56 | -0.01 | -1.451 % | - | - | - |
| 1971 | 0.59 | 0.02 | 4.24 % | - | - | - |
| 1972 | 0.66 | 0.07 | 12.727 % | - | - | - |
| 1973 | 0.72 | 0.06 | 8.689 % | - | - | - |
| 1974 | 1.23 | 0.51 | 70.279 % | - | - | - |
| 1975 | 1.06 | -0.16 | -13.421 % | - | - | - |
| 1976 | 1.2 | 0.14 | 13.532 % | - | - | - |
| 1977 | 0.87 | -0.33 | -27.486 % | - | - | - |
| 1978 | 0.94 | 0.06 | 7.078 % | - | - | - |
| 1979 | 0.95 | 0.02 | 1.802 % | - | - | - |
| 1980 | 1.04 | 0.09 | 9.027 % | - | - | - |
| 1981 | 1.11 | 0.07 | 7.01 % | - | - | - |
| 1982 | 1.48 | 0.37 | 33.318 % | - | - | - |
| 1983 | 1.38 | -0.1 | -6.724 % | - | - | - |
| 1984 | 1.3 | -0.08 | -5.61 % | - | - | - |
| 1985 | 1.48 | 0.17 | 13.408 % | - | - | - |
| 1986 | 1.58 | 0.1 | 7.03 % | - | - | - |
| 1987 | 1.56 | -0.02 | -1.29 % | - | - | - |
| 1988 | 1.54 | -0.02 | -1.367 % | - | - | - |
| 1989 | 2.01 | 0.47 | 30.651 % | - | - | - |
| 1990 | 2.12 | 0.1 | 5.053 % | 17.56 | - | - |
| 1991 | 2.07 | -0.05 | -2.145 % | 18.04 | 0.48 | 2.709 % |
| 1992 | 2.41 | 0.34 | 16.51 % | 20.23 | 2.19 | 12.16 % |
| 1993 | 3.16 | 0.75 | 31.161 % | 21.96 | 1.73 | 8.553 % |
| 1994 | 4.43 | 1.27 | 40.127 % | 24.11 | 2.15 | 9.773 % |
| 1995 | 5.29 | 0.86 | 19.334 % | 26.33 | 2.22 | 9.19 % |
| 1996 | 6.12 | 0.83 | 15.775 % | 28.53 | 2.21 | 8.391 % |
| 1997 | 4.72 | -1.4 | -22.883 % | 30.67 | 2.13 | 7.473 % |
| 1998 | 6.46 | 1.74 | 36.787 % | 32.83 | 2.16 | 7.056 % |
| 1999 | 8.49 | 2.03 | 31.386 % | 36.94 | 4.11 | 12.515 % |
| 2000 | 8.91 | 0.42 | 4.928 % | 42.97 | 6.03 | 16.322 % |
| 2001 | 6.48 | -2.43 | -27.257 % | 48.92 | 5.95 | 13.851 % |
| 2002 | 6.78 | 0.3 | 4.629 % | 55.66 | 6.73 | 13.766 % |
| 2003 | 10.47 | 3.69 | 54.436 % | 64.61 | 8.96 | 16.092 % |
| 2004 | 10.57 | 0.1 | 0.958 % | 75.35 | 10.74 | 16.619 % |
| 2005 | 11.99 | 1.42 | 13.434 % | 88.26 | 12.91 | 17.13 % |
| 2006 | 14.5 | 2.52 | 20.986 % | 102.88 | 14.62 | 16.563 % |
| 2007 | 20.18 | 5.68 | 39.165 % | 118.33 | 15.46 | 15.026 % |
| 2008 | 31.86 | 11.68 | 57.872 % | 132.98 | 14.65 | 12.379 % |
| 2009 | 36.91 | 5.04 | 15.829 % | 147.92 | 14.94 | 11.232 % |
| 2010 | 49.54 | 12.63 | 34.234 % | 164.14 | 16.22 | 10.967 % |
| 2011 | 59.98 | 10.44 | 21.066 % | 176.89 | 12.75 | 7.77 % |
| 2012 | 59.94 | -0.04 | -0.066 % | 191.63 | 14.74 | 8.332 % |
| 2013 | 60.27 | 0.33 | 0.554 % | 208.27 | 16.64 | 8.682 % |
| 2014 | 65.53 | 5.26 | 8.73 % | 221.8 | 13.53 | 6.498 % |
| 2015 | 59.61 | -5.92 | -9.04 % | 227.79 | 5.99 | 2.699 % |
| 2016 | 63.3 | 3.69 | 6.192 % | 229.65 | 1.86 | 0.815 % |
| 2017 | 66.05 | 2.75 | 4.352 % | 244.24 | 14.59 | 6.355 % |
| 2018 | 67.86 | 1.81 | 2.736 % | 291.75 | 47.51 | 19.451 % |
| 2019 | 75.07 | 7.2 | 10.617 % | 321.18 | 29.44 | 10.089 % |
| 2020 | 79.01 | 3.94 | 5.25 % | 304.37 | -16.81 | -5.235 % |
| 2021 | 66.35 | -12.66 | -16.025 % | 276.46 | -27.91 | -9.168 % |
| 2022 | 62.25 | -4.09 | -6.168 % | 308.13 | 31.67 | 11.455 % |
| 2023 | 66.76 | 4.5 | 7.236 % | 322.28 | 14.15 | 4.591 % |
| 2024 | 74.07 | 7.31 | 10.951 % | 326.86 | 4.58 | 1.422 % |
Between 1960 to 2024, Myanmar experienced the following economic phases:
The most remarkable growth occurred in 1974 with an increase of 70.279%, while the largest decline was in 1964 at -31.315%.