Gross Domestic Product — Value Standard Local Currency in Myanmar
Myanmar: Gross Domestic Product — Value Standard Local Currency was 151.04 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Myanmar, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Myanmar recorded 151.04 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
The figure is up 11.0% on the previous year and up 131.4% over ten years.
Over the whole period, gross domestic product — value standard local currency in Myanmar peaked at 151.04 million million SLC in 2024 and was at its lowest, 12,821 million SLC, in 1970.
Myanmar ranks 24th of 218 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Myanmar, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 12,821 million SLC | — |
| 1971 | 13,138 million SLC | +2.5% |
| 1972 | 13,942 million SLC | +6.1% |
| 1973 | 16,376 million SLC | +17.5% |
| 1974 | 19,348 million SLC | +18.2% |
| 1975 | 23,477 million SLC | +21.3% |
| 1976 | 27,427 million SLC | +16.8% |
| 1977 | 29,618 million SLC | +8.0% |
| 1978 | 31,800 million SLC | +7.4% |
| 1979 | 35,333 million SLC | +11.1% |
| 1980 | 38,609 million SLC | +9.3% |
| 1981 | 42,879 million SLC | +11.1% |
| 1982 | 46,811 million SLC | +9.2% |
| 1983 | 49,823 million SLC | +6.4% |
| 1984 | 53,597 million SLC | +7.6% |
| 1985 | 55,989 million SLC | +4.5% |
| 1986 | 59,028 million SLC | +5.4% |
| 1987 | 68,698 million SLC | +16.4% |
| 1988 | 76,243 million SLC | +11.0% |
| 1989 | 124,666 million SLC | +63.5% |
| 1990 | 151,941 million SLC | +21.9% |
| 1991 | 186,802 million SLC | +22.9% |
| 1992 | 249,395 million SLC | +33.5% |
| 1993 | 360,321 million SLC | +44.5% |
| 1994 | 472,774 million SLC | +31.2% |
| 1995 | 604,729 million SLC | +27.9% |
| 1996 | 791,980 million SLC | +31.0% |
| 1997 | 1.11 million million SLC | +40.1% |
| 1998 | 1.61 million million SLC | +45.1% |
| 1999 | 2.19 million million SLC | +36.1% |
| 2000 | 2.55 million million SLC | +16.5% |
| 2001 | 3.55 million million SLC | +39.0% |
| 2002 | 5.63 million million SLC | +58.5% |
| 2003 | 7.72 million million SLC | +37.2% |
| 2004 | 9.08 million million SLC | +17.7% |
| 2005 | 12.29 million million SLC | +35.3% |
| 2006 | 16.85 million million SLC | +37.2% |
| 2007 | 23.34 million million SLC | +38.5% |
| 2008 | 29.23 million million SLC | +25.3% |
| 2009 | 33.89 million million SLC | +15.9% |
| 2010 | 39.78 million million SLC | +17.4% |
| 2011 | 46.31 million million SLC | +16.4% |
| 2012 | 51.26 million million SLC | +10.7% |
| 2013 | 58.01 million million SLC | +13.2% |
| 2014 | 65.26 million million SLC | +12.5% |
| 2015 | 72.71 million million SLC | +11.4% |
| 2016 | 78.46 million million SLC | +7.9% |
| 2017 | 87.74 million million SLC | +11.8% |
| 2018 | 99.02 million million SLC | +12.9% |
| 2019 | 109.01 million million SLC | +10.1% |
| 2020 | 110.49 million million SLC | +1.4% |
| 2021 | 113.48 million million SLC | +2.7% |
| 2022 | 125.34 million million SLC | +10.5% |
| 2023 | 136.11 million million SLC | +8.6% |
| 2024 | 151.04 million million SLC | +11.0% |
Myanmar compared with similar countries
- Myanmar's 151.04 million million SLC is above the median for lower middle income countries, which is 1.54 million million SLC, 98.4× the median. (43 countries reporting)
- Myanmar's 151.04 million million SLC is above the median for East Asia & Pacific, which is 725,630 million SLC, 208.2× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22,328 million SLC | 12,821 million SLC | 35,333 million SLC | 10 |
| 1980s | 61,634 million SLC | 38,609 million SLC | 124,666 million SLC | 10 |
| 1990s | 772,759 million SLC | 151,941 million SLC | 2.19 million million SLC | 10 |
| 2000s | 14.41 million million SLC | 2.55 million million SLC | 33.89 million million SLC | 10 |
| 2010s | 70.76 million million SLC | 39.78 million million SLC | 109.01 million million SLC | 10 |
| 2020s | 127.29 million million SLC | 110.49 million million SLC | 151.04 million million SLC | 5 |
Countries ranked near Myanmar
- 21 Democratic Republic of the Congo 197.86 million million SLC compare
- 22 Russian Federation 195.03 million million SLC compare
- 23 Cambodia 190.94 million million SLC compare
- 25 Sudan 146.85 million million SLC compare
- 26 China, mainland 137.38 million million SLC compare
- 27 Kazakhstan 136.52 million million SLC compare
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 gross domestic product — value standard local currency in Myanmar?
- Gross domestic product — value standard local currency in Myanmar was 151.04 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Myanmar?
- The highest recorded value was 151.04 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Myanmar?
- The lowest recorded value was 12,821 million SLC in 1970.
- How does Myanmar rank for gross domestic product — value standard local currency?
- Myanmar ranks 24th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Myanmar?
- Over the last ten years it is up 131.4%. The long-run trend across the full record is volatile.
- Where does this Myanmar data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).