Economy of Myanmar
Yangon, the financial center of Myanmar | |
| Currency | Myanmar Kyat (MMK) |
|---|---|
| 1 October– 30 September | |
Trade organisations | WTO, ASEAN, BIMSTEC, RCEP, G77, AFTA, ADB and others |
Country group |
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| Statistics | |
| Population | 54,617,807 (2024 est.) |
| GDP | |
| GDP rank | |
GDP growth |
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All values, unless otherwise stated, are in US dollars. | |
The economy of Myanmar is the seventh largest in Southeast Asia. After the return of civilian rule in 2011, the new government launched large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. Current economic statistics were a huge decline from the economic statistics of Myanmar in the fiscal year of 2020, in which Myanmar’s nominal GDP was $81.26 billion and its purchasing power adjusted GDP was $279.14 billion. Myanmar has faced an economic crisis since the 2021 coup d'état. According to International Monetary Fund (IMF) Myanmar GDP per capita in 2024 is estimated to reach $1.179