Economy of Myanmar

Economy of Myanmar
	Yangon, the financial center of Myanmar
Currency	Myanmar Kyat (MMK)
Fiscal year	1 October– 30 September
Trade organisations	WTO, ASEAN, BIMSTEC, RCEP, G77, AFTA, ADB and others
Country group	Developing/Emerging; Lower-middle income economy;
Statistics
Population	54,510,000 (2024 est.)
GDP	$79.27 billion (nominal; 2024 est.) ; $291.56 billion (PPP; 2024 est.);
GDP rank	86th (nominal, 2023); 63th (PPP, 2023);
GDP growth	1.97% (2022); 2.58% (2023f); 2.64% (2024f);
	; All values, unless otherwise stated, are in US dollars.

The economy of Myanmar is the seventh largest in Southeast Asia. After the return of civilian rule in 2011, the new government launched large-scale reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. Current economic statistics were a huge decline from the economic statistics of Myanmar in the fiscal year of 2020, in which Myanmar’s nominal GDP was $81.26 billion and its purchasing power adjusted GDP was $279.14 billion. Myanmar has faced an economic crisis since the 2021 coup d'état.

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