AEIR 2017

Myanmar’s economy expanded by 5.9% in 2016, and is on track to post 6.9% economic growth in 2017, as agriculture recovers from unfavorable weather and floods. GDP is forecast to grow 7.7% in FY2017 and 8% in FY2018, with favorable weather conditions reviving agriculture growth and higher international trade commodity prices boosting export revenues by around 7%. Inflation is expected to reach 7.5% in 2018, challenging the Central Bank of Myanmar with having to constrain money supply and credit growth.

Volatility in international markets could pose risk to the outlook while the widening current account deficit underscores external stability risks. Inflationary pressures remain high on the back of strong credit growth and the uptick in oil prices.

Source: Asian Development Outlook 2017 Update, ADB
Latest Month-Ago Year-Ago
Broad Money Growth 1 20.7 (Oct17)20.7 21.4
Headline Inflation Rate 2 4.5 (Dec17)4.5 6.6
Merchandise Export Growth 2 -19.0 (Oct17)-19.0 124.3
1 %.
2 y-o-y, %.
Source: CEIC database.