A set of comparable international price and volume measures of gross domestic products (GDP) and expenditure aggregates for 199 countries that participated in the 2011 round of International Comparison Program (ICP) and estimates for 15 non-participating countries. World Bank Group Country Survey 2020 Myanmar, 2020. The economy in the East Asia and Pacific region is expected to grow by 0.9 percent this year, the lowest rate since 1967, according to the World Bank's update … Consequently, projections presented here may differ from those contained in other Bank documents, even if basic assessments of economies’ prospects … Merchandise Trade statistics data for Myanmar (MMR) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. Will Biden Overheat the Economy and Gold? With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The GDP growth rate for 2016/2017 was 6.4 percent and is expected to remain the same in 2017/18, growing to 6.7% in 2018/19 and 7 percent in 2019/2020, mainly driven by services, industry, and agriculture. The GDP per Capita, in Myanmar, when adjusted by Purchasing Power Parity is equivalent to 29 percent of the world's average. As per World Bank estimates, the nominal world GDP in 2017 was $80,683.79 billion. By Nan Lwin 25 June 2020 . If the pandemic draws on for much longer, the economy could contract by as much as 2.5pc this fiscal year, with the expected recovery in 2020-21 subject to further downside risks, according to the World Bank’s latest Myanmar Economic Monitor. Myanmar in the Time of Covid-19 Myanmar Economic Monitor 3 June 2020 THE WORLD BANK Preface and Acknowledgements The Myanmar Economic Monitor (MEM) is published semiannually. The Country Opinion Survey in Myanmar assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Myanmar perceive the WBG. Myanmar, a lower-middle income economy with a GNI per capita of $1,455 in 2017, is one of the fastest growing economies in the East Asia and Pacific region and globally. World Bank forecasts are frequently updated based on new information and changing (global) circumstances. and asset prices (World Bank 2020b). By Nan Lwin 1 April 2020 . Following strong activity in the first five months of the year, the pandemic and associated containment measures are undermining aggregate demand, disrupting value chains, and reducing the labor supply. Data is based on Cirium coronavirus aviation impact dataset. YANGON—Myanmar’s GDP growth is projected to slow to between 2 and 3 percent in the current fiscal year due to the COVID-19 pandemic, with the brunt of the outbreak’s economic impact likely to be borne by poor and vulnerable households across the country, the World Bank warned. Myanmar. The World Bank on June 25th during a virtual launch presented key findings of the Myanmar Economic Monitor followed by a panel discussion with: H.E. World Development Indicators: Show Metadata Links. The description is composed by our digital data assistant. The economy of Myanmar is one of the fastest growing economies with a nominal GDP of USD $76.09 billion in 2019 and an estimated purchasing power adjusted GDP of USD $327.629 billion in 2017 according to World Bank. Merchandise Trade summary statistics data for Myanmar (MMR) including exports and imports, applied tariffs, top export and import by partner countries and top exported/imported product groups, along with development indicators from WDI such as GDP, GNI per capita, trade balance and trade as percentage of GDP … He is in charge of data management and economic analysis. source: World Bank GDP per capita PPP in Myanmar averaged 2257.40 USD from 1990 until 2019, reaching an all time high of 5142.20 USD in … Last observation is May 28, 2020. He holds degrees from Yangon Institute of Economics (B.Com and M.Dev.S) and Kyung Hee University of … As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. The World Bank has downgraded Myanmar’s GDP growth forecast for 2019-20 fiscal year to between 2.0 and 3.0 percent, down from 6.3pc, but is still anticipating higher growth rates in Myanmar than most developing economies in the East Asia and Pacific region. Last 12 readings. GDP per Capita in Myanmar (formerly Burma) (with a population of 53,382,523 people in 2017) was $1,489, an increase of $85 from $1,404 in 2016; this represents a change of 6.1% in GDP per capita. Near-term outlook. For the 2020 estimate, GDP per capita in Myanmar will be USD $5142.20 in PPP per capita and USD $1,608.50 in nominal per capita Myanmar's GDP is expected to grow by 1.8% in 2020 and 6.0% in 2021 – ADO 2020 Update Myanmar inflation rates forecasted at 6.0% in both 2020 and 2021 – ADO 2020 Update GDP growth It also expects China's economy to contract by 1.8 per cent in the first half of this year, and by 4.0 per cent on average in the rest of the region. Per capita GDP growth in 2020, by region.
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