The Gross Domestic Product (GDP) in Myanmar was worth 66.76 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Myanmar represents 0.06 percent of the world economy. This dataset provides - Myanmar GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, the estimated total GDP of all ASEAN states amounted to approximately 3.67 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

In 2023, the real gross domestic product (GDP) in the Philippines grew by approximately 5.55 percent, marking the highest growth rate in Southeast Asia. In comparison, Singapore's real GDP growth rate dropped to less than 1.1 percent. Most Southeast Asian economies are projected to see an increase in their real GDP growth rates in 2025 compared to 2023, except for Laos and Myanmar. Southeast Asia, a tapestry of economic and cultural complexity Historically a critical component of global trade, Southeast Asia is a diverse region with heterogeneous economies. The region comprises 11 countries in total. While Singapore is a highly developed country economy and Brunei has a relatively high GDP per capita, the rest of the Southeast Asian countries are characterized by lower GDPs per capita and have yet to overcome the middle-income trap. Malaysia is one of these countries, having reached the middle-income level for many decades but yet to grow incomes proportionally to its economic development. Nevertheless, Southeast Asia’s young population will further drive economic growth across the region’s markets. ASEAN’s economic significance Aiming to promote economic growth, social progress, cultural development, and regional stability, all Southeast Asian countries except for Timor-Leste are part of the political and economic union Association of Southeast Asian Nations (ASEAN). Even though many concerns surround the union, ASEAN has avoided trade conflicts and is one of the largest and most dynamic trade zones globally. Factors such as the growing young population, high GDP growth, a largely positive trade balance, and exemplary regional integration hold great potential for future economic development in Southeast Asia.

Myanmar Household Size: Rural: Mon data was reported at 4.720 Person in 2012. This records an increase from the previous number of 4.350 Person for 2006. Myanmar Household Size: Rural: Mon data is updated yearly, averaging 5.320 Person from Dec 1989 (Median) to 2012, with 6 observations. The data reached an all-time high of 5.820 Person in 1989 and a record low of 4.350 Person in 2006. Myanmar Household Size: Rural: Mon data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H003: Household Expenditure Survey: Household Size: Rural.

The availability of fertile lands and an abundance of fresh water resources make Myanmar an ideal place for agricultural practices. Agriculture has always been considered a pillar of the country’s economy. It has generated wealth and employs a large number of people. In 2020, the agricultural sector’s gross domestic product (GDP) contribution was almost 24.53 trillion Myanmar kyat.

Agriculture in Myanmar

Agriculture is a practice that involves not only the cultivation of crops but also the raising of livestock. As a result, it consists of a variety of sub-sectors such as fisheries and forestry. Since agriculture involves so many revenue-generating sub-sectors, it has a direct impact on the GDP, which is a measure of the total production value of a country. The fresh vegetable production volume in Myanmar from 2010 to 2018 showed consistency with maximum production achieved during 2018. Additionally, the cattle stock in Myanmar from 2009 to 2018 showed continuous growth.

The impact of agriculture on economy

The agricultural sector in Myanmar contributes a major share to the GDP of the country. Even after a decrease in the last few years, the agriculture sector still accounted for more than 20 percent of the GDP. The real GDP growth in Myanmar due to the agricultural sector showed positive growth for all financial years except 2016 when a negative growth rate of 0.5 percent was witnessed. However, the forecast for the year 2020 and 2021 suggested an increase in growth.

Myanmar Household Size: Kachin data was reported at 5.710 Person in 2012. This records an increase from the previous number of 5.460 Person for 2006. Myanmar Household Size: Kachin data is updated yearly, averaging 6.140 Person from Dec 1989 (Median) to 2012, with 6 observations. The data reached an all-time high of 6.630 Person in 1997 and a record low of 5.460 Person in 2006. Myanmar Household Size: Kachin data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H001: Household Expenditure Survey: Household Size.

The gross domestic product (GDP) in current prices in Thailand was forecast to continuously increase between 2024 and 2029 by in total 123.7 billion U.S. dollars (+23.39 percent). After the seventh consecutive increasing year, the GDP is estimated to reach 652.66 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that the values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Indonesia, Myanmar (Burma), and Cambodia.

Interestingly, there were over 5.33 million people living in a city with a population between the five to ten million mark in Myanmar in 2020. Despite the Yangon region’s population increasing astronomically from the early 1990s onwards, there remained still over 9.39 million people living in cities with a population size of less than three hundred thousand people, corresponding with Myanmar’s predominantly rural population.

Increasing population Despite having the biggest land mass of the Southeast Asian countries, Myanmar has a much lower population compared to its neighboring countries. Nonetheless, Myanmar’s population has actually increased and is expected to increase further. Not only is the total population increasing, but in particular the adult population, while the child population has decreased throughout the past decade. (678087). A rise in adult population can be deduced as having a positive impact on the labor force, as more people are available to work. The number of people in the labor force has in fact increased, yet the labor force participation rate has steadily decreased throughout recent years.

Rural background As Myanmar relies heavily on its agricultural output to stimulate its economy, it is not surprising that the country consists of mostly a rural population. However, this has been decreasing slightly from 2009 onwards. Nevertheless, Myanmar’s rural population heavily outweighs its urban. Yet, with Myanmar’s economy an emerging one there are anticipations that the country will make the transition from an agricultural country to an industrial one. This is teamed with expectations that Myanmar could quadruple its economy by 2030 if the country were to invest in high-technological industries. With an increased focus on industry, there may well be a shift in Myanmar’s population, taking the country from a mostly rural to an urban population.

Myanmar Household Size: Rural: Tanintharyi data was reported at 4.500 Person in 2012. This records a decrease from the previous number of 4.810 Person for 2006. Myanmar Household Size: Rural: Tanintharyi data is updated yearly, averaging 5.460 Person from Dec 1989 (Median) to 2012, with 6 observations. The data reached an all-time high of 5.820 Person in 2001 and a record low of 4.500 Person in 2012. Myanmar Household Size: Rural: Tanintharyi data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H003: Household Expenditure Survey: Household Size: Rural.

Abstract

Financial inclusion is critical in reducing poverty and achieving inclusive economic growth. When people can participate in the financial system, they are better able to start and expand businesses, invest in their children’s education, and absorb financial shocks. Yet prior to 2011, little was known about the extent of financial inclusion and the degree to which such groups as the poor, women, and rural residents were excluded from formal financial systems.

By collecting detailed indicators about how adults around the world manage their day-to-day finances, the Global Findex allows policy makers, researchers, businesses, and development practitioners to track how the use of financial services has changed over time. The database can also be used to identify gaps in access to the formal financial system and design policies to expand financial inclusion.

Geographic coverage

Sample excludes Chin, Kachin, and Kayahstates, representing less than 5% of thepopulation.

Analysis unit

Individuals

Universe

The target population is the civilian, non-institutionalized population 15 years and above.

Kind of data

Observation data/ratings [obs]

Sampling procedure

The indicators in the 2017 Global Findex database are drawn from survey data covering almost 150,000 people in 144 economies-representing more than 97 percent of the world's population (see Table A.1 of the Global Findex Database 2017 Report for a list of the economies included). The survey was carried out over the 2017 calendar year by Gallup, Inc., as part of its Gallup World Poll, which since 2005 has annually conducted surveys of approximately 1,000 people in each of more than 160 economies and in over 150 languages, using randomly selected, nationally representative samples. The target population is the entire civilian, noninstitutionalized population age 15 and above. Interview procedure Surveys are conducted face to face in economies where telephone coverage represents less than 80 percent of the population or where this is the customary methodology. In most economies the fieldwork is completed in two to four weeks.

In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used.

Respondents are randomly selected within the selected households. Each eligible household member is listed and the handheld survey device randomly selects the household member to be interviewed. For paper surveys, the Kish grid method is used to select the respondent. In economies where cultural restrictions dictate gender matching, respondents are randomly selected from among all eligible adults of the interviewer's gender.

In economies where telephone interviewing is employed, random digit dialing or a nationally representative list of phone numbers is used. In most economies where cell phone penetration is high, a dual sampling frame is used. Random selection of respondents is achieved by using either the latest birthday or household enumeration method. At least three attempts are made to reach a person in each household, spread over different days and times of day.

The sample size was 1600.

Mode of data collection

Computer Assisted Personal Interview [capi]

Research instrument

The questionnaire was designed by the World Bank, in conjunction with a Technical Advisory Board composed of leading academics, practitioners, and policy makers in the field of financial inclusion. The Bill and Melinda Gates Foundation and Gallup Inc. also provided valuable input. The questionnaire was piloted in multiple countries, using focus groups, cognitive interviews, and field testing. The questionnaire is available in more than 140 languages upon request.

Questions on cash on delivery, saving using an informal savings club or person outside the family, domestic remittances, and agricultural payments are only asked in developing economies and few other selected countries. The question on mobile money accounts was only asked in economies that were part of the Mobile Money for the Unbanked (MMU) database of the GSMA at the time the interviews were being held.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Demirgüç-Kunt, Asli, Leora Klapper, Dorothe Singer, Saniya Ansar, and Jake Hess. 2018. The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution. Washington, DC: World Bank

The gross domestic product (GDP) in current prices in Singapore was forecast to continuously increase between 2024 and 2029 by in total 140.2 billion U.S. dollars (+26.42 percent). After the ninth consecutive increasing year, the GDP is estimated to reach 670.94 billion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Thailand, Vietnam, and Myanmar (Burma).

Myanmar Average Household Size: Rural data was reported at 4.300 Person in 2017. Myanmar Average Household Size: Rural data is updated yearly, averaging 4.300 Person from Dec 2017 (Median) to 2017, with 1 observations. Myanmar Average Household Size: Rural data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H001: Living Conditions Survey: Average Household Size.

Myanmar Average Household Size: Middle School data was reported at 4.130 Person in 2017. Myanmar Average Household Size: Middle School data is updated yearly, averaging 4.130 Person from Dec 2017 (Median) to 2017, with 1 observations. Myanmar Average Household Size: Middle School data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H001: Living Conditions Survey: Average Household Size.

Myanmar Freight and Logistics Market size was valued at USD 6.55 Billion in 2024 and is projected to reach USD 11.3 Billion by 2031, growing at a CAGR of 11% during the forecast period 2024-2031.

Myanmar Freight and Logistics Market Drivers

1. Expanding Economic Development and Trade
Myanmar is a vital trading hub because of its advantageous location between China, India, and Southeast Asia.
The demand for logistics is rising as a result of increased trade agreements and foreign direct investment (FDI).
2. Development of Infrastructure and Enhancements to Connectivity
The efficiency of goods transportation is increasing as a result of government measures to improve port, airport, rail, and road infrastructure.
The expansion of logistics is being driven by important initiatives like the Thilawa Special Economic Zone (SEZ) and the China-Myanmar Economic Corridor (CMEC).
3. Growing Retail and E-Commerce Growth
As more people use smartphones and the internet, Myanmar’s e-commerce industry is expanding.
In order to satisfy growing customer demand, businesses are investing in last-mile delivery solutions.

Myanmar Average Household Size: Kachin data was reported at 4.800 Person in 2017. Myanmar Average Household Size: Kachin data is updated yearly, averaging 4.800 Person from Dec 2017 (Median) to 2017, with 1 observations. Myanmar Average Household Size: Kachin data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H001: Living Conditions Survey: Average Household Size.

Myanmar Household Size: Mon data was reported at 4.720 Person in 2012. This records an increase from the previous number of 4.500 Person for 2006. Myanmar Household Size: Mon data is updated yearly, averaging 5.310 Person from Dec 1989 (Median) to 2012, with 6 observations. The data reached an all-time high of 5.770 Person in 1989 and a record low of 4.500 Person in 2006. Myanmar Household Size: Mon data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H001: Household Expenditure Survey: Household Size.

In 2022, the total population of all ASEAN states amounted to an estimated 673.02 million inhabitants. The ASEAN (Association of Southeast Asian Nations) member countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.

ASEAN opportunity

The Association of Southeast Asian Nations was founded by five states (Thailand, Indonesia, the Philippines, Malaysia, and Singapore) in 1967 to improve economic and political stability and social progress among the member states. It was originally modelled after the European Union. Nowadays, after accepting more members, their agenda also includes an improvement of cultural and environmental conditions. ASEAN is now an important player on the global stage with numerous alliances and business partners, as well as more contenders wanting to join.

The major player in the South

Indonesia is not only a founding member of ASEAN, it is also its biggest contributor in terms of gross domestic product and is also one of the member states with a positive trade balance. In addition, it has the highest number of inhabitants by far. About a third of all people in the ASEAN live in Indonesia – and it is also one of the most populous countries worldwide. Among the ASEAN members, it is certainly the most powerful one, not just in numbers, but mostly due to its stable and thriving economy.

Abstract

Financial inclusion is critical in reducing poverty and achieving inclusive economic growth. When people can participate in the financial system, they are better able to start and expand businesses, invest in their children’s education, and absorb financial shocks. Yet prior to 2011, little was known about the extent of financial inclusion and the degree to which such groups as the poor, women, and rural residents were excluded from formal financial systems.

By collecting detailed indicators about how adults around the world manage their day-to-day finances, the Global Findex allows policy makers, researchers, businesses, and development practitioners to track how the use of financial services has changed over time. The database can also be used to identify gaps in access to the formal financial system and design policies to expand financial inclusion.

Geographic coverage

National Coverage. Sample excludes the states of Chin, Kachin, and Kayah. The excluded areas represent less than 5% of the population.

Analysis unit

Individual

Universe

The target population is the civilian, non-institutionalized population 15 years and above.

Kind of data

Sample survey data [ssd]

Frequency of data collection

Triennial

Sampling procedure

As in the first edition, the indicators in the 2014 Global Findex are drawn from survey data covering almost 150,000 people in more than 140 economies-representing more than 97 percent of the world's population. The survey was carried out over the 2014 calendar year by Gallup, Inc. as part of its Gallup World Poll, which since 2005 has continually conducted surveys of approximately 1,000 people in each of more than 160 economies and in over 140 languages, using randomly selected, nationally representative samples. The target population is the entire civilian, noninstitutionalized population age 15 and above. The set of indicators will be collected again in 2017.

Surveys are conducted face to face in economies where telephone coverage represents less than 80 percent of the population or is the customary methodology. In most economies the fieldwork is completed in two to four weeks. In economies where face-to-face surveys are conducted, the first stage of sampling is the identification of primary sampling units. These units are stratified by population size, geography, or both, and clustering is achieved through one or more stages of sampling. Where population information is available, sample selection is based on probabilities proportional to population size; otherwise, simple random sampling is used. Random route procedures are used to select sampled households. Unless an outright refusal occurs, interviewers make up to three attempts to survey the sampled household. To increase the probability of contact and completion, attempts are made at different times of the day and, where possible, on different days. If an interview cannot be obtained at the initial sampled household, a simple substitution method is used. Respondents are randomly selected within the selected households by means of the Kish grid. In economies where cultural restrictions dictate gender matching, respondents are randomly selected through the Kish grid from among all eligible adults of the interviewer's gender.

In economies where telephone interviewing is employed, random digit dialing or a nationally representative list of phone numbers is used. In most economies where cell phone penetration is high, a dual sampling frame is used. Random selection of respondents is achieved by using either the latest birthday or Kish grid method. At least three attempts are made to reach a person in each household, spread over different days and times of day.

The sample size in Myanmar was 1,020 individuals.

Mode of data collection

Face-to-face [f2f]

Research instrument

The questionnaire was designed by the World Bank, in conjunction with a Technical Advisory Board composed of leading academics, practitioners, and policy makers in the field of financial inclusion. The Bill and Melinda Gates Foundation and Gallup Inc. also provided valuable input. The questionnaire was piloted in multiple countries, using focus groups, cognitive interviews, and field testing. The questionnaire is available in 142 languages upon request.

Questions on cash withdrawals, saving using an informal savings club or person outside the family, domestic remittances, school fees, and agricultural payments are only asked in developing economies and few other selected countries. The question on mobile money accounts was only asked in economies that were part of the Mobile Money for the Unbanked (MMU) database of the GSMA at the time the interviews were being held.

Sampling error estimates

Estimates of standard errors (which account for sampling error) vary by country and indicator. For country-specific margins of error, please refer to the Methodology section and corresponding table in Asli Demirguc-Kunt, Leora Klapper, Dorothe Singer, and Peter Van Oudheusden, “The Global Findex Database 2014: Measuring Financial Inclusion around the World.” Policy Research Working Paper 7255, World Bank, Washington, D.C.

Myanmar Household Size: Rakhine data was reported at 4.930 Person in 2012. This records a decrease from the previous number of 5.310 Person for 2006. Myanmar Household Size: Rakhine data is updated yearly, averaging 5.480 Person from Dec 1989 (Median) to 2012, with 6 observations. The data reached an all-time high of 6.000 Person in 2005 and a record low of 4.930 Person in 2012. Myanmar Household Size: Rakhine data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H001: Household Expenditure Survey: Household Size.

Myanmar Average Household Size: Sagaing data was reported at 4.600 Person in 2017. Myanmar Average Household Size: Sagaing data is updated yearly, averaging 4.600 Person from Dec 2017 (Median) to 2017, with 1 observations. Myanmar Average Household Size: Sagaing data remains active status in CEIC and is reported by Central Statistical Organization. The data is categorized under Global Database’s Myanmar – Table MM.H001: Living Conditions Survey: Average Household Size.