AEIR 2017

Myanmar’s economy expanded by 6.4% in 2016, a slight pullback from its 7.3% growth the year prior. Bad weather and lower international commodity prices dampened agriculture momentum to 2.5% in 2016 from 3.4% in FY2015, as did a broad-based contraction in industrial output. Inflation rate remains elevated but show signs of moderating—in 2016, it averaged 6.5%. GDP is forecast to grow 7.7% in 2017 and 8% in 2018, with favorable weather conditions reviving agriculture growth and higher international trade commodity prices boosting export revenues by around 7%.

Public and private investments in priority infrastructure services such as power and transportation are projected to pick up and inflation is expected to ease further.

Source: Asian Development Outlook 2017, ADB.
Latest Month-Ago Year-Ago
Broad Money Growth 1 22.3 (Aug17)21.5 17.8
Headline Inflation Rate 2 4.5 (Nov17)4.0 3.5
Merchandise Export Growth 2 -29.2 (Aug17)47.5 48.5
1 %.
2 y-o-y, %.
Source: CEIC database.