Annual GDP growth in Myanmar
Myanmar: Annual GDP growth was -1.0% in 2024. ◆ Volatile
Annual GDP growth in Myanmar, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Myanmar stood at -1.0%.
That represents a change of down 201.0% on the previous year and down 111.9% over ten years.
Over the whole period, annual gdp growth in Myanmar peaked at 13.8% in 2003 and was at its lowest, -12.0%, in 2021.
Myanmar ranks 195th of 212 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Myanmar, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 13.8% | — |
| 2001 | 11.3% | -17.5% |
| 2002 | 12.0% | +6.1% |
| 2003 | 13.8% | +15.0% |
| 2004 | 13.6% | -2.0% |
| 2005 | 13.6% | +0.1% |
| 2006 | 13.1% | -3.6% |
| 2007 | 12.0% | -8.3% |
| 2008 | 10.3% | -14.4% |
| 2009 | 10.6% | +2.8% |
| 2010 | 9.6% | -8.7% |
| 2011 | 5.6% | -42.0% |
| 2012 | 7.3% | +31.1% |
| 2013 | 8.4% | +15.0% |
| 2014 | 8.2% | -3.1% |
| 2015 | 7.0% | -14.4% |
| 2016 | 5.9% | -16.2% |
| 2017 | 6.1% | +4.8% |
| 2018 | 6.3% | +2.1% |
| 2019 | 6.6% | +4.9% |
| 2020 | -9.1% | -237.5% |
| 2021 | -12.0% | +32.8% |
| 2022 | 4.0% | -133.6% |
| 2023 | 1.0% | -76.2% |
| 2024 | -1.0% | -201.0% |
Myanmar compared with similar countries
- Myanmar's -1.0% is below the median for lower middle income countries, which is 3.8%. (47 countries reporting)
- Myanmar's -1.0% is below the median for East Asia & Pacific, which is 3.3%. (36 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Myanmar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -237.5% | 6.6% | -9.1% |
| 2024 | -201.0% | 1.0% | -1.0% |
| 2022 | +133.6% | -12.0% | 4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.4% | 10.3% | 13.8% | 10 |
| 2010s | 7.1% | 5.6% | 9.6% | 10 |
| 2020s | -3.4% | -12.0% | 4.0% | 5 |
Countries ranked near Myanmar
More economy & growth data for Myanmar
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.44 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.01 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.10 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -27.95 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0148 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 20.1 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 14.13 % change on previous year (2023)
Frequently asked questions
- What is annual gdp growth in Myanmar?
- Annual gdp growth in Myanmar was -1.0% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Myanmar?
- The highest recorded value was 13.8% in 2003.
- What is the lowest annual gdp growth recorded in Myanmar?
- The lowest recorded value was -12.0% in 2021.
- How does Myanmar rank for annual gdp growth?
- Myanmar ranks 195th out of 212 countries with data for 2024.
- Is annual gdp growth rising or falling in Myanmar?
- Over the last ten years it is down 111.9%. The long-run trend across the full record is volatile.
- Where does this Myanmar data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%).