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Cost of food in Myanmar increased 172.76 percent in February of 2020 over the same month in the previous year. Food Inflation in Myanmar averaged 13.57 percent from 2005 until 2020, reaching an all time high of 174.13 percent in December of 2019 and a record low of -6.30 percent in April of 2012. This page provides - Myanmar Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Foreign Direct Investment in Myanmar increased by 734.89 USD Million in November of 2019. Foreign Direct Investment in Myanmar averaged 507.09 USD Million from 2012 until 2019, reaching an all time high of 3821.91 USD Million in March of 2016 and a record low of 3.14 USD Million in June of 2016. This page provides the latest reported value for - Myanmar Foreign Direct Investment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
The Sales Tax Rate in Myanmar stands at 5 percent. Sales Tax Rate in Myanmar averaged 15.71 percent from 2014 until 2020, reaching an all time high of 30 percent in 2015 and a record low of 5 percent in 2017. In Myanmar, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Myanmar. This page provides - Myanmar Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Labor Force Participation Rate in Myanmar decreased to 64.71 percent in 2015 from 67 percent in 2014. Labor Force Participation Rate in Myanmar averaged 65.02 percent from 1990 until 2015, reaching an all time high of 67 percent in 2014 and a record low of 60.59 percent in 1990. This page provides - Myanmar Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Living Wage Individual in Myanmar remained unchanged at 193400 MMK/Month in 2018 from 193400 MMK/Month in 2018. WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. This page provides - Myanmar Living Wage Individual- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Tourist Arrivals in Myanmar decreased to 367733 in February from 380172 in January of 2019. Tourist Arrivals in Myanmar averaged 268224.41 from 2012 until 2019, reaching an all time high of 450541 in December of 2015 and a record low of 125085 in December of 2012. This page provides the latest reported value for - Myanmar Tourist Arrivals - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Terrorism Index in Myanmar decreased to 5.51 in 2018 from 5.92 in 2017. Terrorism Index in Myanmar averaged 4.43 from 2002 until 2018, reaching an all time high of 5.92 in 2017 and a record low of 3.45 in 2002. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).
Myanmar is ranked 165 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Myanmar improved to 165 in 2019 from 171 in 2018. Ease Of Doing Business in Myanmar averaged 170.83 from 2014 until 2019, reaching an all time high of 177 in 2014 and a record low of 165 in 2019. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page provides - Myanmar Ease Of Doing Business- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Personal Income Tax Rate in Myanmar stands at 25 percent. Personal Income Tax Rate in Myanmar averaged 22.86 percent from 2013 until 2019, reaching an all time high of 25 percent in 2016 and a record low of 20 percent in 2014. In Myanmar, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Myanmar. This page provides - Myanmar Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Gold Reserves in Myanmar remained unchanged at 7.27 Tonnes in the fourth quarter of 2019 from 7.27 Tonnes in the third quarter of 2019. Gold Reserves in Myanmar averaged 7.24 Tonnes from 2000 until 2019, reaching an all time high of 7.30 Tonnes in the second quarter of 2015 and a record low of 7.18 Tonnes in the second quarter of 2000. This page provides - Myanmar Gold Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Consumer Price Index Cpi in Myanmar decreased to 161.29 points in February from 161.33 points in January of 2020. Consumer Price Index Cpi in Myanmar averaged 128.47 points from 2013 until 2020, reaching an all time high of 161.72 points in December of 2019 and a record low of 100.87 points in March of 2013. This page provides - Myanmar Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Living Wage Family in Myanmar remained unchanged at 405700 MMK/Month in 2018 from 405700 MMK/Month in 2018. WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates. This page provides - Myanmar Living Wage Family- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Gross Domestic Product per capita in Myanmar was last recorded at 1571.90 US dollars in 2018. The GDP per Capita in Myanmar is equivalent to 12 percent of the world's average. GDP per capita in Myanmar averaged 424.68 USD from 1960 until 2018, reaching an all time high of 1571.90 USD in 2018 and a record low of 145 USD in 1967. This page provides - Myanmar GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Minimum Wages in Myanmar increased to 4800 MMK/day in 2018 from 3600 MMK/day in 2017. Minimum Wages in Myanmar averaged 3900 MMK/day from 2015 until 2018, reaching an all time high of 4800 MMK/day in 2018 and a record low of 3600 MMK/day in 2016. This page provides - Myanmar Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Consumer Price Index in Myanmar decreased 0.03 percent in February of 2020 over the previous month. Inflation Rate Mom in Myanmar averaged 1.04 percent from 1998 until 2020, reaching an all time high of 4.50 percent in January of 2002 and a record low of -2.32 percent in December of 2015. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Myanmar Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Manufacturing Pmi in Myanmar decreased to 29 points in April from 45.30 points in March of 2020. Manufacturing Pmi in Myanmar averaged 50.55 points from 2016 until 2020, reaching an all time high of 55.50 points in April of 2018 and a record low of 29 points in April of 2020. The IHS Markit Myanmar Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 450 manufacturing companies. The Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides - Myanmar Manufacturing Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The inflation rate in Myanmar was recorded at 8.36 percent in February of 2020. Inflation Rate in Myanmar averaged 13.55 percent from 1998 until 2020, reaching an all time high of 54.02 percent in December of 2002 and a record low of -1.09 percent in December of 2011. In Myanmar, the most important categories in the consumer price index are food (68.3 percent of the total weight) miscellaneous goods and services (15.9 percent); fuel and light (8.6 percent); clothing and apparel (4.7 percent) and rent and repair (2.7 percent). This page provides - Myanmar Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Corporate Tax Rate in Myanmar stands at 25 percent. In Myanmar, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Myanmar. This page provides - Myanmar Corporate Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Crude Oil Production in Myanmar remained unchanged at 10 BBL/D/1K in December from 10 BBL/D/1K in November of 2019. Crude Oil Production in Myanmar averaged 15.52 BBL/D/1K from 1994 until 2019, reaching an all time high of 23 BBL/D/1K in January of 2006 and a record low of 8 BBL/D/1K in January of 1996. This page provides the latest reported value for - Myanmar Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Myanmar scored 29 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Myanmar averaged 19.71 Points from 2003 until 2019, reaching an all time high of 30 Points in 2017 and a record low of 13 Points in 2008. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Myanmar Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Myanmar recorded 67 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Myanmar reported 6 Coronavirus Deaths. This page includes a chart with historical data for Myanmar Coronavirus Recovered.
Myanmar recorded 6 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Myanmar reported 177 Coronavirus Cases. This page includes a chart with historical data for Myanmar Coronavirus Deaths.
Myanmar recorded 177 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Myanmar reported 6 Coronavirus Deaths. This page includes a chart with historical data for Myanmar Coronavirus Cases.
In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Myanmar thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Myanmar as reported by major credit rating agencies.
The transportation sub-index of the CPI basket in Myanmar decreased to 114.62 points in February of 2020 from 117.14 points in January of 2020. Cpi Transportation in Myanmar averaged 100.82 points from 2013 until 2020, reaching an all time high of 118.78 points in October of 2018 and a record low of 87.69 points in March of 2016. This page provides - Myanmar Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Cpi Housing Utilities in Myanmar increased to 200.49 points in February from 200.12 points in January of 2020. Cpi Housing Utilities in Myanmar averaged 135.41 points from 2013 until 2020, reaching an all time high of 200.49 points in February of 2020 and a record low of 103.93 points in January of 2013. This page provides - Myanmar Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The benchmark interest rate in Myanmar was last recorded at 10 percent. Interest Rate in Myanmar averaged 10.04 percent from 2011 until 2020, reaching an all time high of 12 percent in December of 2011 and a record low of 10 percent in January of 2012. In Myanmar, the benchmark interest rate is set by the Central Bank of Myanmar. The benchmark interest is the Central Bank Rate. This page provides the latest reported value for - Myanmar Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
The total population in Myanmar was estimated at 54.1 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Myanmar had a population of 21.0 million people. The population of Myanmar represents 0.70 percent of the world´s total population which arguably means that one person in every 144 people on the planet is a resident of Myanmar. This page provides - Myanmar Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Gross Domestic Product (GDP) in Myanmar was worth 77 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Myanmar represents 0.06 percent of the world economy. GDP in Myanmar averaged 36.67 USD Billion from 1998 until 2019, reaching an all time high of 77 USD Billion in 2019 and a record low of 6.46 USD Billion in 1998. This page provides - Myanmar GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Imports in Myanmar increased to 1479.30 USD Million in September from 1414.90 USD Million in August of 2019. Imports in Myanmar averaged 1219.08 USD Million from 2010 until 2019, reaching an all time high of 1972.90 USD Million in July of 2015 and a record low of 334.20 USD Million in October of 2010. Myanmar mainly imports fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment, polymers, tires and machinery. Myanmar's main imports partners are China, Japan, India, Indonesia, Germany, France and Hong Kong. This page provides - Myanmar Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Exports in Myanmar decreased to 1413 USD Million in September from 1435.50 USD Million in August of 2019. Exports in Myanmar averaged 1025.42 USD Million from 2010 until 2019, reaching an all time high of 1760.70 USD Million in September of 2017 and a record low of 502.60 USD Million in April of 2011. Oil and natural gas dominate Myanmar's exports. Other exports include vegetables, wood, fish, clothing, rubber and fruits. Myanmar's main exports partners are China, India, Japan, South Korea, Germany, Indonesia and Hong Kong. This page provides - Myanmar Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Myanmar recorded a trade deficit of 66.30 USD Million in September of 2019. Balance of Trade in Myanmar averaged -206.88 USD Million from 2010 until 2019, reaching an all time high of 593.30 USD Million in August of 2011 and a record low of -948.50 USD Million in July of 2015. Myanmar had been trading mostly with neighboring countries due to political circumstances and poor infrastructure, but the change to democracy is likely to allow access to new markets. Oil and natural gas dominate Myanmar's exports. Other exports include vegetables, wood, fish, clothing, rubber and fruits. Myanmar mainly imports fuel, vegetable oil, vehicles, pharmaceutical products, construction equipment, polymers, tires and machinery. Myanmar's main trading partners are China, India, Japan, Indonesia, Germany and Hong-Kong. This page provides - Myanmar Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Unemployment Rate in Myanmar increased to 1.60 percent in 2019 from 1 percent in 2018. Unemployment Rate in Myanmar averaged 3.50 percent from 1990 until 2019, reaching an all time high of 4.17 percent in 1990 and a record low of 0.80 percent in 2015. In Myanmar, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Myanmar Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Myanmar is the 130 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Myanmar averaged 155.12 from 2003 until 2019, reaching an all time high of 180 in 2011 and a record low of 129 in 2003. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Myanmar Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Myanmar recorded a Current Account deficit of 3592 USD Million in 2018. Current Account in Myanmar averaged -527.16 USD Million from 1994 until 2018, reaching an all time high of 1963 USD Million in 2010 and a record low of -3592 USD Million in 2018. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Myanmar Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Myanmar recorded a Government Budget deficit equal to 2.50 percent of the country's Gross Domestic Product in 2018. Government Budget in Myanmar averaged -3.28 percent of GDP from 1994 until 2018, reaching an all time high of 1.70 percent of GDP in 2012 and a record low of -7.10 percent of GDP in 2000. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Myanmar Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Gross Domestic Product per capita in Myanmar was last recorded at 5922 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Myanmar, when adjusted by Purchasing Power Parity is equivalent to 33 percent of the world's average. GDP per capita PPP in Myanmar averaged 2543.91 USD from 1990 until 2018, reaching an all time high of 5922 USD in 2018 and a record low of 715.90 USD in 1991. This page provides - Myanmar GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Gross Domestic Product (GDP) in Myanmar expanded 6.80 percent in 2018 from the previous year. GDP Annual Growth Rate in Myanmar averaged 8.65 percent from 1994 until 2018, reaching an all time high of 13.84 percent in 2003 and a record low of 3.60 percent in 2008. Myanmar, formerly known as Burma, is the poorest country in Southeast Asia. Myanmar was under a military regime for decades, yet since 2011, a transition to democracy has been taking place. The new, civilian led, reformist government has taken charge and the country has began to open up to foreign direct investment. Myanmar’s economy is pretty diversified. The most important sector of the economy is services, which has been growing steadily in the last few years, and now account for over 38 percent of GDP. The share of agriculture has been declining, and now represents 36 percent of GDP. Finally, industry contributes the remaining 26 percent of GDP. This page provides - Myanmar GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Myanmar is the 131 most competitive nation in the world out of 138 countries ranked in the 2016-2017 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Myanmar averaged 134.67 from 2014 until 2016, reaching an all time high of 139 in 2014 and a record low of 131 in 2016. Competitiveness Rank in Myanmar is reported by the World Economic Forum. The most recent 2014-2015 edition of Global Competitiveness Report assesses 144 economies and indicates their position relative to the other countries and territories in the index. This page provides the latest reported value for - Myanmar Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Myanmar scored 3.32 points out of 7 on the 2016-2017 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Myanmar averaged 3.26 Points from 2014 until 2016, reaching an all time high of 3.32 Points in 2016 and a record low of 3.22 Points in 2014. Competitiveness Index in Myanmar is reported by the World Economic Forum. The most recent 2014-2015 edition of Global Competitiveness Report assesses 144 economies. The report is made up of over 110 variables, of which two thirds come from the Executive Opinion Survey representing the sample of business leaders, and one third comes from publicly available sources such as the United Nations. The variables are organized into twelve pillars with the most important including: institutions, infrastructure, macroeconomic framework, health and primary education and higher education and training. The GCI score varies between 1 and 7 scale, higher average score means higher degree of competitiveness. This page provides the latest reported value for - Myanmar Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Military Expenditure in Myanmar decreased to 3155 USD Million in 2018 from 3464 USD Million in 2017. Military Expenditure in Myanmar averaged 779.40 USD Million from 1951 until 2018, reaching an all time high of 3818 USD Million in 2015 and a record low of 159 USD Million in 1951.
Myanmar recorded a government debt equivalent to 49.41 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Myanmar averaged 87.05 percent from 1998 until 2018, reaching an all time high of 216.04 percent in 2001 and a record low of 37.14 percent in 2013. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Myanmar Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Myanmar recorded a Current Account deficit of 2 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Myanmar averaged -2.10 percent from 1998 until 2018, reaching an all time high of 6.80 percent in 2006 and a record low of -14.80 percent in 1998. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Myanmar Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Precipitation in Myanmar decreased to 18.73 mm in December from 45.24 mm in November of 2015. Precipitation in Myanmar averaged 160.36 mm from 1901 until 2015, reaching an all time high of 749.12 mm in August of 1939 and a record low of 0.40 mm in January of 1940. This page includes a chart with historical data for Myanmar Average Precipitation.