1994 - 2020: Central Bank of Myanmar: Myanmar GDP Annual Growth Rate History. for publishing, marketing, advertising, and distribution services. The power generation sector is expected to grow the most, by 12.7pc, in the next fiscal year. Voting occurred in all constituencies, excluding seats appointed by or reserved for the military, to elect members to both the upper house- Amyotha Hluttaw (the House of Nationalities) and the lower house- Pyithu Hluttaw (the House of Representatives) of the Assembly of the Union, as well as State and Regional Hluttaws … In 2018, as the number of European and North American tourists declined, Chinese travellers were the largest group to visit the country. The threat of a prolonged COVID-19 pandemic and a return to more stringent containment measures is the main risk to the outlook. COVID-19 Vaccines & Treatments: Who Owns the Rights? It is Myanmar's first and the only bilingual (English-Myanmar) business newspaper, and is distributed in Myanmar and Thailand. In 2019, Myanmar's gross domestic product amounted to around 68.64 billion U.S. dollars. Like Myanmar, Vietnam’s GDP growth is expected to have 1.8 percent and Burnie’s 1.4 percent. အရှေ့တောင်အာရှနိုင်ငံအများစု၏ GDP သည် တိုးတက်မှု မရှိဘဲ လျော့ကျနိုင်သော်လည်း ၂၀၂၀ ခုနှစ် မြန်မာနိုင်ငံ၏ ဂျီဒီပီ တိုးတက်မှုနှုန်းသည် ၁ဒသမ၈ ရာခိုင်နှုန်းရှိမည်ဟု ယနေ့ထုတ်ပြန်သော အာရှဖွံ့ဖြိုးရေးဘဏ်၏ အစီရင်ခံစာက ခန့်မှန်းထားသည်။ ၂၀၁၉ ခုနှစ် မြန်မာနိုင်ငံ၏ GDP တိုးတက်မှုသည် ၆ဒသမ၈ ရာခိုင်နှုန်း ရှိခဲ့သည်။, မြန်မာနိုင်ငံကဲ့သို့ပင် ဗီယက်နမ်နိုင်ငံ၏ GDP တိုးတက်မှုနှုန်းသည် ၁ဒသမ၈ ရာခိုင်နှုန်း၊ ဘရူနိုင်းနိုင်ငံ၏ GDP က ၁ဒသမ ၄ ရာခိုင်နှုန်း ဖွံဖြိုးတိုးတက်မှု ရှိမည်ဟု ခန့်မှန်းထားသည်။, ထိုင်းနိုင်ငံ၏ GDP ကတော့ ၈ ရာခိုင်နှုန်း လျော့ကျမည်ဟု ခန့်မှန်းထားသည်။ ထိုအတူ စင်ကာပူနိုင်ငံ၏ GDP က ၆ဒသမ၂ ရာခိုင်နှုန်း၊ မလေးရှားနိုင်ငံ၏ GDPက ၅ ရာခိုင်နှုန်း၊ ကမ္ဘောဒီးယားနိုင်ငံ၏ GDPက ၄ ရာခိုင်နှုန်း၊ ဖိလစ်ပိုင်နိုင်ငံ၏ GDPက ၇ဒသမ၃ ရာခိုင်နှုန်းစီ လျော့ကျမည်ဟု ခန့်မှန်းထားသည်။, COVID-19 ကပ်ရောဂါက ကမ္ဘာ့စီးပွားရေးဆောင်ရွက်မှုများကို ဆက်လက် ဟန့်တားနေသောကြောင့် ဖွ့ဖြိုးစ အာရှ၏ GDP ၏ ၂၀၂၀ ခုနှစ်တွင် သုညဒသမ၇ ရာခိုင်နှုန်း လျော့ကျသွားမည်ဟု ခန့်မှန်းထားပြီး ၂၀၂၁ ခုနှစ်တွင် ၆ဒသမ၈ ရာခိုင်နှုန်း တက်လာမည်ဟု ခန့်မှန်းထားသည်။, ဤကဲ့သို့ တိုးတက်မှု လျော့ကျခြင်းမှာ နှစ်ပေါင်း ၆၀ အတွင်း ပထမဆုံးဖြစ်သည်။ ဝင်ငွေမြင့် စက်မှုနိုင်ငံသစ်များကို ဖယ်ထားလိုက်လျှင် ဒေသတွင်း GDP တိုးတက်မှုသည် ယခုနှစ်တွင် သုညဒသမ၅ ရာခိုင်နှုန်း လျော့ကျကာ လာမည့်နှစ်တွင် ၇ဒသမ၂ ရာခိုင်နှုန်း တိုးတက်မည်ဟု ခန့်မှန်းထားသည်။, လျော့ကျလာသော ဝယ်လိုအား၊ ထိန်းချုပ်ထားသော အစားအသောက်ဈေးနှုန်းတို့ကြောင့် ငွေကြေးဖောင်းပွမှုသည် လျော့ပါးလာမည်ဖြစ်ကာ ၂၀၂၀ ခုနှစ်တွင် ငွေကြေးဖောင်းပွမှု ၃ဒသမ၂ ရာခိုင်နှုန်းမှာ ၂ဒသမ၉ ရာခိုင်နှုန်းသို့ နိမ့်ကျလာမည်ဟု ခန့်မှန်းထားသည်။ ၂၀၂၁ ခုနှစ်တွင် ငွေကြေးဖောင်းပွမှု ၂ဒသမ၃ ရာခိုင်နှုန်း ရှိနေမည်ဟု ခန့်မှန်းထားသည်။. We expect the junta to remain in power amid its increasingly brutal crackdown, but at enormous costs to the economy and polity. GDP is projected to grow by 6.8% in 2021. U Maung Maung Win, Deputy Minister of the Ministry of Planning, Finance, and Industry, forecasted that the country’s GDP growth in the 2020-21 Fiscal Year targeting to reach K125.803 trillion. GDP per capita (current US$) - Myanmar from The World Bank: Data. However, growth had already been slowing when the coronavirus shock hit in early 2020. Due to the pandemic, Myanmar’s GDP growth forecast for FY2019/20 has been revised downward from 6.4 percent to just 0.5 percent as all sectors are hit, with adverse effects of varying intensity projected across all sectors. As the COVID-19 pandemic continues to disrupt global economic activity, developing Asia’s gross domestic product is now expected to contract by 0.7% in 2020. The Vice President delivered an opening speech at the Myanmar … YANGON, June 25, 2020 – The global COVID-19 pandemic is dealing a severe blow to Myanmar’s economy.Economic growth in a baseline scenario is projected to drop from 6.8 percent in FY18/19 to just 0.5 percent in FY2019/20, according to the World Bank’s Myanmar Economic Monitor, released today.. Myanmar. Depending on how the pandemic plays out, the World Bank predicts that Myanmar GDP will grow by 7.2pc in 2020-21, while the Asia Development Bank has a forecast of 6pc for the same period. In the long-term, the Myanmar GDP is projected to trend around 75.80 USD Billion in 2021 and 76.30 USD Billion in 2022, according to our econometric models. It is Myanmar's first and the only bilingual (English-Myanmar) business newspaper, and is distributed in Myanmar and Thailand. ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP… Myanmar's economy is expected to grow in coming years while the country's GDP is estimated to rise to 6.8 percent in 2020, Vice President Myint Swe quoted Asian Development Bank as saying. Near-term outlook. GDP Annual Growth Rate in Myanmar decreased to 2 percent in 2020 from 6.50 percent in 2019. Excluding high-income newly industrialized economies, regional GDP is expected to contract by 0.5% this year before growing by 7.2% next year. GDP per Capita in Myanmar (formerly Burma) (with a population of 53,382,523 people in 2017) was $1,489, an increase of $85 from $1,404 in 2016; this represents a change of 6.1% in GDP per capita. November 17, 2020. Estimates by world bank since 1960 in nominal terms and since 1990 in ppp terms at current and constant prices. The aggregate annual growth rate of the East Asia and Pacific region is projected to slow from 5.8 percent in 2019 to 0.5 percent in 2020. GDP of Myanmar increased from 7.17 billion US dollars in 2001 to 70.89 billion US dollars in 2020 growing at an average annual rate of 13.64%. © Copyright Myanmar Business Today - 2021, Myanmar Targets 6 % GDP Growth in 2020-21, Central Bank to sell $1.6 million through money changers, Most of the companies halt plans to increase investment: Survey, Myanmar builds $8.27 million market center for agri-products, CB Bank launched CB Card+ Mobile Application, Yangon to Bangkok Highway Project Kicks Off, Myanmar’s Foreign Direct Investment Outlook after Daw Aung San Suu Kyi…, Myanmar to conduct a survey on over 2,500 MSMEs to identify…, Yangon Elevated Expressway project part 1 estimated to cost $800 million, Myanmar’s dream to receive 5 million tourists blown away by COVID-19, Daw Aung San Suu Kyi promises not to left out anyone…, SolarHome Closes $ 2 Million Series A-2 Equity Round, Infobip Launches Digital Cloud Contact Center Solution, To do the right thing & to do it right is…, Grab Launches GrabAds, Myanmar’s First Digital Display Advertising Service in Grab…, Big Bad Wolf Book Sale Going Online This Year, In the Time of Crisis, Protect Your Valuable Assets; It’s People, World’s ultra-wealthy go for gold amid stimulus bonanza, India approves Gilead’s remdesivir to treat severe COVID-19 cases. Myanmar’s tourism sector — which contributes 7 per cent to GDP — increasingly relies on Chinese visitors. If the pandemic is protracted, the economy could contract by as much as 2.5 percent … Industry includes mining, manufacturing, energy production, and construction. Asia Development Bank’s latest report estimated the GDP of Myanmar to grow to 1.8 percent in 2020 compared to 6.8 percent in 2019 while the GDP of most Southeast Asian economies are estimated to contract. 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. Find Out . It has generated K74.503 trillion GDP in the first six months of this fiscal year. The power generation sector is expected to grow the most, by 12.7pc, in the next fiscal year. Read the latest statement by IMF Spokesperson Gerry Rice on Myanmar | March 11, 2021 The last Article IV Executive Board Consultation was on February 28, 2020. GDP in Myanmar is expected to reach 75.50 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Listed below are items related to Myanmar. The Report: Myanmar 2020 Foreign companies are showing interest in Myanmar’s geostrategic location, abundant natural resources and youthful population. Projections by IMF. Most of the companies both local and foreign companies were planning to increase investments in January 2021, according to the joint survey conducted by... Yangon authorities reopened the parks, which were closed to curb the spread of COVID-19, in the mornings starting from January 21. အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် U Maung Maung Win, Deputy Minister of the Ministry of Planning, Finance, and Industry, forecasted that the country’s GDP growth in the 2020-21 Fiscal Year targeting to reach K125.803 trillion. Most of the companies both local and foreign companies were planning to increase investments in January 2021, according to the joint survey conducted by... Yangon authorities reopened the parks, which were closed to curb the spread of COVID-19, in the mornings starting from January 21. MBT became one of the first foreign-invested media houses Myanmar’s reform-era when Thailand’s established publishing company TPN Media ventured into the Southeast Asian nation in 2012 to start the frontier economy’s pioneering business publication. The Yangon City Development... Myanmar Business Today (MBT) is Myanmar’s largest circulating business publication. Global growth is projected at −4.4 percent in 2020, a less severe contraction than forecast in the June 2020 World Economic Outlook (WEO) Update. German March Inflation Surpasses ECB Target. Definition: This entry shows where production takes place in an economy. Asia Development Bank’s latest report estimated the GDP of Myanmar to grow to 1.8 percent in 2020 compared to 6.8 percent in 2019 while the GDP of most Southeast Asian economies are estimated to contract. TPN Media's is registered in Myanmar under the name UT Business Media Co.,Ltd. Economic growth is expected to further increase to 6.7pc in 2021 and 6.8pc in 2022. However, the country also targeted 4.1 percent of economic growth by the end of the 2019-2020 fiscal year. Three Ways to Go for Myanmar’s Beans and Pulses Industry, Dai-ichi Ready to Deliver its “Peace of Mind” Propositions to Myanmar, Business Chamber Established to Boost German-Myanmar Trade Ties, International Film Festival to Take Place in Yangon This Month, Local Architects to Visit Expo in Bangkok. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. Myanmar’s tourism industry, like others globally, faces a collapse in FY2019/20 due to international movement restrictions enacted to manage the spread of Covid-19.Based on 2019 figures from the World Travel and Tourism Council, tourism accounts for 4.6% of Myanmar’s GDP (both directly and indirectly) and employs 4.8% of the total workforce. Due to the pandemic, Myanmar’s GDP growth forecast for FY2019/20 has been revised downward from 6.4 percent to just 0.5 percent as all sectors experience adverse effects of varying intensity. A Look at the Markets. World Data Atlas Myanmar Economy Myanmar - Gross domestic product per capita in current prices 1,333 (US dollars) in 2020 In 2020, GDP per capita for Myanmar was 1,333 US dollars. The economy of Myanmar has a nominal GDP of USD $76.09 billion in 2019 and an estimated purchasing power adjusted GDP of USD $327.629 billion in 2017 according to World Bank. While economies in developing Asia remain resilient, continued policy support is needed to underpin recovery. YANGON — Although Myanmar’s GDP growth has fallen to 1.8 percent due to the effects of COVID-19, the Asian Development Bank (ADB) has reported that growth is forecast to bounce back to 6 percent in 2021. This will make Myanmar one of the poorest countries in Southeast Asia. The Yangon City Development... Myanmar Business Today (MBT) is Myanmar’s largest circulating business publication. GDP Growth Rate in 2017 was 6.76%, representing a change of 5,032,687,515 US$ over 2016, when Real GDP was $74,463,144,018. The bank’s Wellness in Worrying Times: Asian Development Outlook 2020 forecasts Myanmar’s GDP growth for the fiscal year ending Sept. 30 will fall by more than a half due to COVID-19. Up until the outbreak of COVID-19, arrivals from China were booming thanks to relaxed visa rules. The latest comprehensive information for - Myanmar GDP - including latest news, historical data table, charts and more. Like Myanmar, Vietnam’s GDP growth is expected to have 1.8 percent and Burnie’s 1.4 percent. This is the region’s first recession in nearly 6 decades. for publishing, marketing, advertising, and distribution services. Written by Tayzar Bhone Myint/ Translated into English by Min Thu Aung, ၂၀၂၀−၂၀၂၁ ဘဏ္ဍာနှစ်တွင် တစ်မျိုးသားလုံး၏စုစုပေါင်းပြည်တွင်းထုတ်လုပ်မှု နှင့် ဝန်ဆောင်မှုတန်ဖိုး( GDP )ကို တိုးတက်မှုနှုန်း ၆ ရာခိုင်နှုန်း ရရှိနိုင်မည်ဟု မျှော်မှန်းထားကြောင်း စီမံကိန်း ဘဏ္ဍာရေးနှင့် စက်မှုဝန်ကြီးဌာန ဒုတိယဝန်ကြီး ဦးမောင်မောင်ဝင်း ကပြောသည်။, ငွေရေးကြေးရေးကဏ္ဍတွင် စျေးနှုန်းတည်ငြိမ်ရေးကို ထိန်းသိမ်းရန် မြန်မာကျပ်ငွေတန်ဖိုး ပိုမိုတည်တံ့ခိုင်မာစေရန် ငွေကြေးဖောင်းပွမှုနှုန်းကို ထိန်းသိမ်းရန်အတွက် ကုန်စည်များထုတ်လုပ်မှု၊ စားသုံးမှု၊ ကုန်စည်စီးဆင်းမှု စသည့်နယ်ပယ်အသီးသီးမှပူးပေါင်းဆောင်ရွက်နေကြောင်း ဒုတိယဝန်ကြီး ဦးမောင်မောင်ဝင်းက ပြည်ထောင်စုလွှတ်တော်တွင် ဇူလိုင်လ ၁၃ ရက်နေ့ကပြောကြားသည်။, ၂၀၂၀−၂၀၂၁ ဘဏ္ဍာရေးနှစ်တွင် တစ်မျိုးသားလုံး၏ စုစုပေါင်း ပြည်တွင်းထုတ်လုပ်မှုနှင့် ဝန်ဆောင်မှုတန်ဖိုး( GDP )ကို နှစ်အလိုက် စျေးနှုန်းအရ ငွေကျပ် ၁၂၅ ဒသမ ၈၀၃ ထရီလီယံရရှိရန် ရည်မှန်းထားကြောင်းလည်း သိရသည်။, ကဏ္ဍအလိုက် ရည်မှန်းရာတွင် လယ်ယာကဏ္ဍတွင် ၂ ဒသမ ၆ ရာခိုင်နှုန်း၊ စက်မှုကဏ္ဍတွင် ၆ ဒသမ ၅ ရာခိုင်နှုန်း တိုးတက်ရန် ရည်မှန်းထားသည်။, ၂၀၁၉−၂၀၂၁ ဘဏ္ဍာနှစ် အမျိုးသားစီမံကိန်းတွင် စုစုပေါင်း ပြည်တွင်းထုတ်လုပ်မှုနှင့် ဝန်ဆောင်မှုတန်ဖိုးကို နှစ်အလိုက်စျေးနှုန်းအရ ငွေကျပ် ၁၁၉ ဒသမ ဝ၂၃ ထရီလီယံ နှင့် ၇ ရာခိုင်နှုန်း တိုးတက်ရန်ရည်မှန်းခဲ့ရာ ပထမခြောက်လပတ်တွင် ငွေကျပ် ၇၄ ဒသမ ၅၀၃ ထရီလီယံ ရရှိခဲ့သည်။ စီမံကိန်း ရည်မှန်းချက်အပေါ် ၆၂ ဒသမ ၆ ရာခိုင်နှုန်း အကောင်အထည် ဖော်နိုင်ခဲ့ခြင်းဖြစ်သည်။, COVID ကြောင့်စီးပွားရေး ထိခိုက်ခဲ့ရာ ၂၀၁၉−၂၀၂၀ ဘဏ္ဍာနှစ်ကုန်တွင် စီးပွားရေးတိုးတက်မှု နှုန်း ၄ ဒသမ ၃ ရာခိုင်နှုန်းသာရရှိမည်ဟုခန့်မှန်းထားသည်။. Last 12 readings. Myanmar: Gross domestic product … The World Bank has downgraded Myanmar’s GDP growth forecast for 2019-20 fiscal year to between 2.0 and 3.0 percent, down from 6.3pc, but is still anticipating higher growth rates in Myanmar than most developing economies in the East Asia and Pacific region. Myanmar gdp growth rate for 2019 was 2.89%, a 3.86% decline from 2018. After activity took a likely severe hit in H1 amid the health crisis, the economic panorama remains bleak in H2, particularly in Q4, amid soaring Covid-19 infections. For 2019 was 2.89 %, a 3.86 % decline from 2018 already been slowing the... Generated K74.503 trillion GDP in the next fiscal year shows myanmar gdp in 2020 production takes place in an economy first. Percent of economic growth by the end of the 2019-2020 fiscal year entry! & Treatments: Who Owns the Rights high-income newly industrialized economies, regional GDP is projected grow... 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