Myanmar: Economy | Asian Development Bank

Myanmar: Economy

Myanmar is on track to post high economic growth in FY2017 (ends 31 March 2018), as anticipated in the Asian Development Outlook 2017 Update. With the return of normal weather this year, agriculture is recovering from flooding last year. Crop production is benefiting as well from higher demand and strong international prices for agricultural commodities. Industry growth continues to accelerate with higher investment, both public and private, in garments and other light manufacturing, while services are getting a boost from buoyant tourism and expansion in the nascent telecommunications industry. Read more from Asian Development Outlook 2017 Update


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam 0.0 1.0
Cambodia 7.1 7.1
Indonesia 5.1 5.3
Lao People’s Democratic Republic 6.9 7.0
Malaysia 5.4 5.4
Myanmar 7.7 8.0
Philippines 6.5 6.7
Singapore 2.7 2.7
Thailand 3.5 3.6
Viet Nam 6.3 6.5
Average 5.0 5.1
Country 2017f 2018f
Brunei Darussalam –0.3 0.1
Cambodia 3.0 3.2
Indonesia 4.0 3.7
Lao People’s Democratic Republic 1.5 1.5
Malaysia 3.7 2.7
Myanmar 7.0 7.5
Philippines 3.2 3.5
Singapore 1.0 1.5
Thailand 0.7 1.5
Viet Nam 4.5 5.5
Average 3.1 3.1
Country 2017f 2018f
Brunei Darussalam 6.0 6.5
Cambodia –9.7 –9.3
Indonesia –1.7 –2.0
Lao People’s Democratic Republic –17.5 –19.0
Malaysia 2.4 2.4
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 8.5 6.5
Viet Nam 1.0 2.0
Average 3.0 2.8

f = forecast number.

Source: Asian Development Outlook 2017 Update