Myanmar: Economy

GDP growth slowed to 6.4% last year from 7.3% in the previous year. Inflation eased, but the current account deficit worsened. With recovery firming in the major industrial economies, growth should accelerate this year and next, inflation should edge up, and the current account deficit widen. Consolidating the country’s legal and regulatory framework is crucial to develop a vibrant private sector and tap Myanmar’s huge growth potential. Read more from Asian Development Outlook 2017


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam 1.0 2.5
Cambodia 7.1 7.1
Indonesia 5.1 5.3
Lao People’s Democratic Republic 6.9 7.0
Malaysia 4.7 4.6
Myanmar 7.7 8.0
Philippines 6.5 6.7
Singapore 2.4 2.5
Thailand 3.5 3.6
Viet Nam 6.5 6.7
Average 4.8 5.0
Country 2017f 2018f
Brunei Darussalam 0.1 0.1
Cambodia 3.4 3.5
Indonesia 4.3 4.5
Lao People’s Democratic Republic 2.5 3.0
Malaysia 4.0 2.7
Myanmar 7.0 7.5
Philippines 3.5 3.7
Singapore 1.1 1.5
Thailand 1.2 1.6
Viet Nam 4.0 5.0
Average 3.3 3.4
Country 2017f 2018f
Brunei Darussalam 5.3 5.5
Cambodia –9.4 –9.0
Indonesia –1.7 –1.6
Lao People’s Democratic Republic –19.0 –20.0
Malaysia 1.8 2.0
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 9.0 7.0
Viet Nam 2.0 2.5
Average 3.1 3.0

f = forecast number.

Source: Asian Development Outlook 2017