Economic Snapshots


The country has been one of the fastest-growing South-east Asian economies for over 25 years, with annual GDP growth remaining above 5.5% since 1992. Although Western sanctions and a military government kept the country isolated for decades, growth was elevated for much of the 1990s and early 2000s, peaking at 13.75% in 2000. Myanmar’s macroeconomic performance saw gains in 2018 as well, with recovery in the agriculture sector, rising oil and gas prices, and strong growth in several manufacturing segments. Efforts to encourage private sector activity have been detailed in a new long-term development agenda, and recent legislative reforms should further bolster business engagement.