myanmar gross domestic product

. Despite its abundance of natural resources, the per capita gross national income has been estimated to be USD 1,144 per year (2011). In a country where gross domestic product per capita was just $1,400 last year, a 48-kg bag of rice now costs 48,000 kyat, or around $18, up nearly 40% since the coup, while gasoline prices have . The OECD's estimated real GDP growth in the Philippines this year . In the third quarter, real GDP increased 33.4 percent. Drill down by country to evaluate all economic data for each country drivided into regions, data includes GDP, re-valued economy size, shadow economy and corruption levels, all on World Economics. The World Bank predicts an 18.4 percent contraction in gross domestic product in 2021, while the United Nations predicts that half the population will be living under the poverty line in 2022. . The junta's patriarchal oppression will cost more lives in Myanmar—unless the international community acts now. GDP Gross Domestic Product GNI Gross National Income ICT Information and Communication Technology Oil will increase by 4.9% per year and electricity by 7.0% by 2040. Myanmar is the world's second-largest producer of opium after Afghanistan, producing some 25% of the world's opium, and forms part of the Golden Triangle.The opium industry was a monopoly during colonial times and has since been illegally operated by corrupt officials in the . That 6.5% for exports to overall GDP in PPP for 2020 compares to 5.3% for 2019, seeming to indicate a relatively increasing reliance on products sold on . But despite such dire forecasts, the minister said gross domestic product is likely to contract by just a single digit due to the combined impact of the pandemic and civil . The arrangements would also help support economic recovery, the statement said, adding that - even with rising energy prices - Myanmar should record "modest" gross domestic product growth in . The largest economic sector in Myanmar is agriculture, which accounts for more 30% of the country's GDP. Myanmar is an agricultural country, and the agriculture sector is the backbone of its economy. The Myanmar Economic Monitor (MEM) is published semiannually and is a product of the World Bank's Myanmar office. GDP is an important indicator of a country's economic power. Long-standing conflicts remain a challenge. Population ages 0-14: 26% . Only 10,680 square kilometers (4,123 square miles) of the country's arable land was irrigated in 1993. The description is composed by our digital data assistant. Is Myanmar A Rich Or Poor Country? Myanmar Wants to Modernize Its Banking System Nation's gross domestic product growth exceeded 8% last year Opaque financial state of government lenders seen as key risk Lowy Institute Charts. Demographic data. The agriculture sector contributes to 37.8 percent of gross domestic product (GDP), accounts for 25 to 30 percent of total export earnings and employs 70 percent of the labour force. Myanmar - Gross domestic product in constant prices of 2010 62,181,585,621 (US dollars) in 2016 Expenditure-based gross domestic product is total final expenditure at purchasers' prices (including final consumption expenditure, gross fixed capital formation, changes in inventories, valuables and f.o.b. The World Bank estimates that US gross domestic product was $629 billion in 2017. Gross Domestic Product (GDP), per capita: $5,142 For that reason, "GDP (Gross Domestic Product) is projected to fall by 18% in FY (Fiscal Year) 2021," it said, using the Myanmar fiscal year which runs until September as its reference point. Data are in current U.S. dollars. Note: The newly industrialized economies are Hong Kong, China, the Republic of Korea, Singapore, and Taipei,China. • A resident filing refers to an application filed in the country by its own resident; whereas a non-resident filing refers to the one filed by a foreign applicant. GDP per capita in Myanmar averaged 394.29 USD from 1960 until 2020, reaching an all time high of 1362.73 USD in 2019 and a record low of 124.28 USD in 1967. That was one of the lowest rates in the world, according to World Bank figures. GDP Growth Rate in 2017 was 6.76%, representing a change of 5,032,687,515 US$ over 2016, when Real GDP was $74,463,144,018. Exported volume was about 7 percent of the total 2013 fishery production, with the majority of export sales occurring via border trade for the regional market. Providing up to 87 key data series and with data ranging from 1980 to 2050, this data set indicates a Myanmar's economic health and prospects vital to economic, financial, and budget models. The GDP figure in 2021 was €19,443,730 $22,996,100 million, United States is the world's leading economy with regard to GDP, as can be seen in the ranking of GDP of the 196 countries that we publish. Myanmar's military conducted air strikes on Sunday targeting ethnic rebels in Karen state, as fresh fighting broke out for control of the town of Lay Kay Kaw near the Thai border, according to a . In its "Economic Outlook for Southeast Asia, China and India 2022" report launched on Tuesday afternoon (Manila time), the OECD projected 7-percent gross domestic product (GDP) growth for the Philippines in 2022, at the lower end of the government's 7 to 9 percent target. Life expectancy: 69.6 years . . Nominal (current) Gross Domestic Product (GDP) of Myanmar is $67,068,745,521 (USD) as of 2017. Real gross domestic product (GDP) increased at an annual rate of 4.3 percent in the fourth quarter of 2020 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. China's gross domestic product (GDP) expanded by 4.8% in the first quarter from a year earlier, but a slowdown evident in data for March casts a risk over the outlook for the world's second . GDP is the most commonly used measure of economic activity and serves as a good indicator to . Expenditure-based gross domestic product is total final expenditure at purchasers' prices (including final consumption expenditure, gross fixed capital formation, changes in inventories, valuables and f.o.b. Dollars . The RCEP covers nearly a third of the global population and about 30 per cent of its global gross domestic product, but this is expected to rise to 50 per cent by 2030, according to HSBC. Myanmar - Gross domestic product in current prices 81.26 (billion US dollars) in 2020 In 2020, GDP for Myanmar was 81.26 billion US dollars. Based on statistics from the International Monetary Fund's World Economic Outlook Database, Myanmar's total Gross Domestic Product amounted to US$334.9 billion as of April 2017. I In 2013, Myanmar exported a total of 345,000 MT of fish and fishery products to 32 countries with a total value of US$ 536.27 million. The main imported fuel is oil, but by 2040 all . There were a total 2,117 malaria cases with 85.2% imported cases; most imported cases came from Myanmar (78.5%). It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This comprehensive country-by-country data set focuses on the key economic indicators related to the gross domestic product of Myanmar. Opium production in Myanmar has historically been a major contributor to the country's gross domestic product (GDP). The largest economic sector in Myanmar is agriculture, which accounts for more 30% of the country's GDP. Population ages 0-14: 26% . The GDP value of Myanmar represents 0.07 percent of the world economy. value of exports of goods and services), less the f.o.b. In its "Economic Outlook for Southeast Asia, China and India 2022" report launched on Tuesday afternoon (Manila time), the OECD projected 7-percent gross domestic product (GDP) growth for the Philippines in 2022, at the lower end of the government's 7 to 9 percent target. In macroeconomic terms, Myanmar's total exported goods represent 6.5% of its overall Gross Domestic Product for 2020 ($258.7 billion valued in Purchasing Power Parity US dollars). Total primary energy supply (TPES) will increase by 3.5% per year by 2040. GDP of Myanmar increased from 559 million US dollars in 1971 to 79,852 million US dollars in 2020 growing at an average annual rate of 11.70%. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Gross domestic product 2020 (millions of Ranking Economy US dollars) LKA 66 Sri Lanka 80,707 DOM 67 Dominican Republic 78,845 GTM 68 Guatemala 77,605 OMN 69 Oman 76,332 MMR 70 Myanmar 76,186 LUX 71 Luxembourg 73,264 During the last five years the exports of Myanmar have dynamically increased at an annualized rate of 12.8% between 2010 and 2016. Data were analyzed and mapped to determine spatiotemporal heterogeneity at county and village levels. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Fitch Solutions' forecast is even more dire — a 20 per cent contraction. GDP of Myanmar increased from 7.13 billion US dollars in 2001 to 81.26 billion US dollars in 2020 growing at an average annual rate of 14.48%. 1．Vietnam/Lao P.D.R./Cambodia/Myanmar Gross domestic product, current prices 2．Vietnam/Lao P.D.R./Cambodia/Myanmar Gross domestic product, constant prices Percent change An abroad filing refers to an application filed by this . 62,181,585,621 (US dollars) in 2016. . dominant sector of the economy, generating 59 percent of the gross domestic product (GDP) in 1997 and employing more than 65 percent of the workforce in 1999. The description is composed by our digital data assistant. That . 4: Population: 57 million . Gross domestic product (GDP) denotes the aggregate value of all services and goods produced within a country in any given year. Gross domestic product (GDP) grew 3.4 per cent year on year, moderating from the 6.1 per cent expansion seen in the fourth quarter of 2021, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Thursday (April 14). Data of per-capita gross domestic product (GDP) were obtained from Yunnan Bureau of Statistics. Established in 1967, it has grown into one of the world's largest regional fora, representing a strategically important region straddling some of the world's busiest sea lanes, including the Straits of Malacca and the South China Sea. Graph and download economic data for National Accounts: Real Gross Domestic Product for Myanmar (MMRNGDPRPCPPPT) from 1999 to 2026 about Myanmar, real, GDP, and rate. Gross Domestic Product of United States grew 5.7% in 2021 compared to last year. According to the JETRO survey, 63.6% of respondents expected their 2021 operating profits to fall from a . The World Bank estimates that Myanmar's gross domestic product could fall by 10 per cent this year. The agriculture sector contributes to 37.8 percent of gross domestic product (GDP), accounts for 25 to 30 percent of total export earnings and employs 70 percent of the labour force. In Myanmar, around 70% of the country's population are involved in farming and agriculture. The statistic shows the growth in real GDP in Myanmar, also known as Burma, from 2016 to 2020, with projections up until 2026. In 2020,. This report refers to the country as Myanmar. World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Opium production in Myanmar has historically been a major contributor to the country's gross domestic product (GDP). from 1 to 3 percent of gross domestic product during that period, compared . In Myanmar, the unemployment rate has increased significantly and food availability has deteriorated due to the crackdown on civilian protests by the security forces. In macroeconomic terms, Myanmar's total exported goods represent 6.5% of its overall Gross Domestic Product for 2020 ($258.7 billion valued in Purchasing Power Parity US dollars). Myanmar's education system was already one of the poorest in the region, and ranked 92nd of 93 countries in a global survey last year. Myanmar's total final energy consumption (TFEC) (by industry, transport, commercial buildings, and residences) will increase by 3.0% per year by 2040. value of imports of goods and services. Myanmar's medical community has been the backbone of the civil disobedience movement. In comparison, the World Bank estimates Myanmar's gross domestic product in 2018 was almost $70 billion. value of exports of goods and services), less the f.o.b. Dollars . Population ages 15-64: 68% . It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. The OECD's estimated real GDP growth in the Philippines this year . The GDP per Capita in Myanmar is equivalent to 10 percent of the world's average. The offical estimate for Egypt's GDP was $1.264 trillion at the end of 2021 in puchasing power partity terms. 62,181,585,621 (US dollars) in 2016. The Myanmar Economic Monitor (MEM) periodically analyzes economic developments, economic prospects, and policy priorities in Myanmar. Myanmar is the world's second-largest producer of opium after Afghanistan, producing some 25% of the world's opium, and forms part of the Golden Triangle.The opium industry was a monopoly during colonial times and has since been illegally tolerated, encouraged and informally . Myanmar is an agricultural country, and the agriculture sector is the backbone of its economy. Myanmar is known for its fertile soil and delta areas along the Ayeyarwady River. . Demographic data. Population ages 15-64: 68% . This rate is 91 -tenths of one percent higher than the figure of -3.4% published in 2020. World Bank national accounts data, and OECD National Accounts data files. Even under the leadership of Suu Kyi, who had championed education, spending was below 2% of gross domestic product. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. 660 million and a combined annual gross domestic product (GDP) of around $3.1 trillion in 2021. Real GDP (constant, inflation adjusted) of Myanmar (formerly Burma) reached $79,495,831,533 in 2017. Source: IMF World Economic Outlook, October 2018 Market Exchange Rates Purchasing Power Parity Market Exchange Rates Purchasing Power Parity For the 2020 estimate, GDP per capita in Myanmar would be USD $5142.20 in PPP per capita and USD $1,608.50 in nominal per capita. Gross Domestic Product Per Capita for Myanmar 2019-06-28 2022-02-16 Source World Bank: 2019-06-28 2022-02-16 Release World Development Indicators: 2019-06-28 2022-02-16 Units Current U.S. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. This was lower than the 3.8 per cent year-on-year growth forecast by economists in a Bloomberg poll. Myanmar is known for its fertile soil and delta areas along the Ayeyarwady River. GDP, short for Gross Domestic Product, is defined as the total market value of all final goods and services produced within a country in a given period. The data relating to population and gross domestic product (GDP) are from the UN Statistics Division and the World Bank. spending was below 2% of gross domestic product. data on gross domestic . value of imports of goods and services. The Gross Domestic Product (GDP) in Myanmar was worth 76.19 billion US dollars in 2020, according to official data from the World Bank. In 2020, Myanmar's real gross domestic product grew by around 3.19. SHANGHAI - China's gross domestic product expanded by a better-than-expected 4.8% in the first quarter from a year earlier but the country's worst COVID-19 outbreak threatens to hold back the economy. That 6.5% for exports to overall GDP in PPP for 2020 compares to 5.3% for 2019, seeming to indicate a relatively increasing reliance on products sold on . Currently, there is a small GDP of US $76 billion in the economy of Myanmar. Figures and forecasts are as of ADB's Asian Development Outlook Update (ADOU) 2021, released in September 2021. Gross Domestic Product Per Capita for Myanmar 2019-06-28 2022-02-16 Source World Bank: 2019-06-28 2022-02-16 Release World Development Indicators: 2019-06-28 2022-02-16 Units Current U.S. Gross Domestic Product (GDP), per capita: $5,142 The IMF also projected that Myanmar's gross domestic product would contract 0.1% in 2022. The arrangements would also help support economic recovery, the statement said, adding that - even with rising energy prices - Myanmar should record "modest" gross domestic product growth in . It added that Myanmar was "highly vulnerable" to the Omicron variant and further waves of the Covid-19 pandemic due to its low vaccination rate and poor health capacity. The Gross Domestic Product per capita in Myanmar was last recorded at 1218.35 US dollars in 2020. Gross domestic product (GDP) growth rates for ADB's developing member countries. The statistical themes covered are: International trade, economic trends, foreign direct investment, external financial resources, population and labor force, information economy and maritime transport. The "third" estimate of GDP released today is based on more complete source data than were available for the "second" estimate issued last month. 4: Population: 57 million . Gross Domestic Products of Yangon Region Construction Industry in Decline in Early 2017 April 29, 2017 by thiha Almost 90 per cent of the construction industry of Myanmar is led by small and medium Enterprises (SMEs) and the industry's ability to make profit has been declining since early 2017, according to Myanmar Builders Guide (MBG). The MEM draws on available data reported by the Government of Myanmar and additional information collected as part of the World Bank Group's regular economic monitoring and policy dialogue. Overview of key economic statistics. 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