Aug 16,2107 1

Myanmar | Economic Forecasts | 2017-2020 Outlook.

This page has economic forecasts for Myanmar including a long-term outlook for the next decades, plus

medium-term expectations for the next four quarters and short-term market predictions for the next release

affecting the Myanmar economy.

MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

Currency 1360.00 1367 1380 1394 1407 1556 [+]

GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

GDP Annual Growth
6.30 7.1 7.1 7.5 7.5 7.8 percent [+]
Rate
GDP 67.40 69.33 71.76 71.57 71.37 76.12 USD Billion [+]

GDP per capita 1420.50 1480 1500 1519 1537 1721 USD [+]

GDP per capita PPP 5351.60 5566 5635 5705 5774 6453 USD [+]

LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

Unemployment Rate 4.02 4 4 4 4 4.2 percent [+]

Minimum Wages 3600.00 3600 3600 3600 3600 3600 MMK/ 8-hour [+]

Population 52.89 53.26 53.38 53.51 53.63 54.88 Million [+]

PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

Inflation Rate 6.26 6.8 6.1 6.3 6 4.2 percent [+]

Food Inflation 6.60 -0.43 -0.43 -0.44 -0.44 -0.44 percent [+]
Consumer Price Index
225.64 226 226 226 226 226 Index Points [+]
Cpi
Inflation Rate Mom 0.42 0.8 0.78 0.77 0.78 0.78 percent [+]

MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

Interest Rate 10.00 10 10 10 10 10 percent [+]

Deposit Interest Rate 8.00 7.95 7.85 7.86 7.86 7.87 percent [+]

TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

Balance of Trade -72.30 -357 -356 -355 -355 -355 USD Million [+]
 Aug 16,2107 2

Exports 1381.60 992 992 991 991 991 USD Million [+]

Imports 1453.90 1339 1339 1339 1339 1339 USD Million [+]

Current Account -3855.00 -2564 -2496 -2486 -2476 -3065 USD Million [+]
Current Account to
-6.50 -6.1 -6.1 -5.7 -5.7 -4.7 percent [+]
GDP
Foreign Direct
320.25 777 776 776 776 776 USD Million [+]
Investment
Tourist Arrivals 300159.00 335979 346183 346245 341437 342806 [+]

Terrorism Index 4.17 4.3 4.27 4.29 4.32 4.43 [+]

Crude Oil Production 15.00 15.06 15.08 15.08 15.09 15.09 BBL/D/1K [+]

Gold Reserves 7.27 7.27 7.27 7.27 7.27 7.27 Tonnes [+]

GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

Government Debt to
35.79 37 37 40 40 36 percent [+]
GDP
percent of
Government Budget -4.60 -3.62 -3.21 -3.1 -2.99 -2.03 [+]
GDP
Military Expenditure 3755.80 3883 4028 4093 4159 5016 USD Million [+]

BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

Ease Of Doing
170.00 173 173 173 173 173 [+]
Business
Competitiveness Index 3.32 3.24 3.23 3.24 3.24 3.25 Points [+]

Competitiveness Rank 131.00 135 135 135 135 135 [+]

Corruption Index 28.00 27 28 28 28 28 Points [+]

Corruption Rank 136.00 137 136 135 135 140 [+]

Manufacturing Pmi 49.10 49 48.99 48.99 48.99 48.99 [+]

TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020

Personal Income Tax
25.00 23.75 25 25 25 25 percent [+]
Rate
Sales Tax Rate 30.00 30 30 30 30 30 percent [+]

Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]

 Aug 16,2107 3

Myanmar | Economic Indicators

Markets Last Reference Previous Range Frequency

Currency 1360 Aug/17 1360 848 : 1381 Daily

GDP Last Reference Previous Range Frequency

GDP Annual Growth
6.3 % Dec/16 7.3 3.6 : 13.84 Yearly
Rate
GDP 67.4 USD Billion Dec/16 62.6 6.46 : 67.4 Yearly

GDP per capita 1420 USD Dec/16 1346 150 : 1420 Yearly

GDP per capita PPP 5352 USD Dec/16 5071 728 : 5352 Yearly

Labour Last Reference Previous Range Frequency

Unemployment Rate 4.02 % Dec/13 4 4 : 4.15 Yearly

Minimum Wages 3600 MMK/ 8-hour Dec/16 3600 3600 : 3600 Yearly

Population 52.89 Million Dec/16 52.4 20.99 : 52.89 Yearly

Prices Last Reference Previous Range Frequency

Inflation Rate 6.26 % Aug/16 9.94 0.28 : 16.22 Monthly

Consumer Price Index
226 Index Points Aug/16 225 137 : 226 Monthly
Cpi
Food Inflation 6.6 % Aug/16 12.3 -6.3 : 42.1 Monthly

Inflation Rate Mom 0.42 % Aug/16 0.46 -2.11 : 3.9 Monthly

Money Last Reference Previous Range Frequency

Interest Rate 10 % Jul/17 10 10 : 12 Daily

Deposit Interest Rate 8% Dec/16 8 1.5 : 12.5 Yearly

Trade Last Reference Previous Range Frequency

Balance of Trade -72.3 USD Million Aug/16 -333 -948 : 593 Monthly

Exports 1382 USD Million Aug/16 860 503 : 1747 Monthly

Imports 1454 USD Million Aug/16 1192 334 : 1973 Monthly

Current Account -3855 USD Million Dec/15 -1403 -3855 : 1963 Yearly
Current Account to
-6.5 % Dec/16 -5.2 -14.8 : 6.8 Yearly
GDP
 Aug 16,2107 4

Foreign Direct
320 USD Million Aug/16 378 3.14 : 3822 Monthly
Investment
125085 :
Tourist Arrivals 300159 Jul/16 274606 Monthly
450541
Crude Oil Production 15 BBL/D/1K Feb/17 15 8 : 23 Monthly

Gold Reserves 7.27 Tonnes Mar/17 7.27 7.18 : 7.3 Quarterly

Terrorism Index 4.17 Dec/15 4.08 3.45 : 4.9 Yearly

Government Last Reference Previous Range Frequency

Government Debt to
35.79 % Dec/16 34.86 29.91 : 216 Yearly
GDP
Government Budget -4.6 % of GDP Dec/16 -4.4 -7.1 : 0.9 Yearly

Credit Rating 15 : Monthly

Military Expenditure 3756 USD Million Dec/15 3276 158 : 3756 Yearly

Business Last Reference Previous Range Frequency

Competitiveness Index 3.32 Points Dec/16 3.23 3.22 : 3.32 Yearly

Competitiveness Rank 131 Dec/16 134 131 : 139 Yearly

Corruption Index 28 Points Dec/16 22 13 : 28 Yearly

Corruption Rank 136 Dec/16 147 129 : 180 Yearly

Ease Of Doing Business 170 Dec/16 171 170 : 177 Yearly

Manufacturing Pmi 49.1 Jul/17 49.4 47.2 : 53.1 Monthly

Taxes Last Reference Previous Range Frequency

Personal Income Tax
25 % Dec/16 20 20 : 25 Yearly
Rate

Sales Tax Rate 30 % Dec/16 30 30 : 30 Yearly

Corporate Tax Rate 25 % Dec/16 25 25 : 25 Yearly

Economic Calendar
Friday September 01 2017 Actual Previous Consensus Forecast

08:30 AM MM Nikkei Manufacturing PMI AUG 49.1 49.03

Monday October 02 2017 Actual Previous Consensus Forecast

08:30 AM MM Nikkei Manufacturing PMI SEP 49

Wednesday November 01 2017 Actual Previous Consensus Forecast

 Aug 16,2107 5

08:30 AM MM Nikkei Manufacturing PMI OCT 48.99

Friday December 01 2017 Actual Previous Consensus Forecast

08:30 AM MM Nikkei Manufacturing PMI NOV 48.99

Commodities
Energy Price Day Weekly Monthly Yearly Date

Brent 50.4217 0.1277 0.25% -4.28% 4.19% 1.20% 11:34

Crude Oil 46.8386 0.14 0.30% -3.58% 0.97% -2.84% 11:36

Ethanol 1.5225 0.01 -0.56% -1.77% -1.46% 4.21% Aug/17

Gasoline 1.5686 0.0043 0.27% -2.14% -0.66% 5.29% 11:35

Heating oil 1.5757 0.0058 0.37% -4.68% 5.09% 5.82% 11:35

Naphtha 450.30 1.56 -0.35% -2.11% 9.16% 21.54% Aug/16

Natural gas 2.8909 0.003 0.10% -3.15% -6.38% 8.11% 11:36

Propane 0.75 0.00 0.44% -0.86% 18.63% 69.12% Aug/16

Metals Price Day Weekly Monthly Yearly Date

Gold 1286.0018 4.19 0.33% 0.16% 3.72% -4.72% 11:36

Silver 17.0870 0.0535 0.31% 1.11% 6.37% -13.07% 11:36

Platinum 974.50 2.00 -0.20% 0.31% 5.87% -12.44% Aug/17

Palladium 920.50 6.50 0.71% 3.31% 6.42% 33.02% Aug/17

Agricultural Price Day Weekly Monthly Yearly Date

Soybeans 924.6136 4.5 0.49% -1.14% -6.52% -10.39% 11:36

Wheat 420.4716 2 0.48% -4.55% -16.53% -1.53% 11:36

Cotton 67.55 0.13 -0.19% -5.95% 4.58% -1.18% Aug/16

Rice 12.1929 0.005 -0.04% -0.95% 2.98% 19.65% 11:35

Cheese 1.6630 0.00 0.06% 0.36% 6.88% -8.73% Aug/16

Palm Oil 2,623.00 1.00 0.04% -1.21% 1.59% -7.58% Aug/17

Milk 16.50 0.03 0.18% 0.43% 5.63% -2.94% Aug/17

Oat 259.1760 1.25 -0.48% -2.65% -11.24% 52.32% 11:32

Rubber 213.40 0.00 0.00% 3.14% 6.97% 35.58% Aug/11

Cocoa 1844.00 21 -1.13% -7.89% -3.46% -39.64% Aug/16

 Aug 16,2107 6

Orange Juice 141.65 2.35 1.69% 6.14% 11.80% -19.31% Aug/16

Coffee 131.10 0.9 -0.68% -8.20% -0.46% -3.04% Aug/16

Lumber 370.30 3.30 -0.88% 0.63% -4.39% 14.64% Aug/16

Wool 1,596.00 46.00 2.97% 4.86% 4.86% 23.05% Aug/16

Canola 492.70 1.60 -0.32% -3.62% -2.67% 5.08% Aug/16

Sugar 12.94 0.19 -1.45% -5.13% -8.16% -34.38% Aug/16

Tea 3.32 0.00 0.00% 0.00% -1.78% 15.28% Aug/16

Corn 353.0563 0.75 0.21% -1.17% -6.35% 6.34% Aug/17

Livestock Price Day Weekly Monthly Yearly Date

Live Cattle 109.3569 0.525 -0.48% -0.48% -6.39% -4.60% Aug/16

Lean Hogs 68.6391 1.725 -2.45% -18.25% -14.86% 12.75% Aug/16

Poultry 3.55 0.00 0.00% 6.61% 1.43% -18.39% Aug/16

Beef 9.35 0.00 0.00% 4.70% 2.19% -1.27% Aug/16

Feeder Cattle 141.9119 3.15 -2.17% 0.51% -7.88% -3.05% Aug/16

Industrial Price Day Weekly Monthly Yearly Date

Copper 2.9720 0.013 0.44% 1.47% 9.42% 37.19% 11:36

Aluminum 2,049.00 26.00 1.29% 4.33% 6.83% 22.26% Aug/15

Tin 20,100.00 200.00 -0.99% -2.43% 0.88% 10.20% Aug/15

Zinc 2,959.50 42.50 1.46% 3.55% 5.13% 30.60% Aug/15

Cobalt 56,750.00 0.00 0.00% 0.44% -1.73% 116.19% Aug/16

Lead 2,361.50 0.00 0.00% 0.91% 4.04% 27.10% Aug/16

Nickel 10,298.50 0.00 0.00% -0.60% 7.79% -1.61% Aug/16

Molybdenum 15,750.00 0.00 0.00% 0.00% 0.00% 0.00% Aug/16

Steel 312.50 0.00 0.00% 0.00% 0.00% 0.00% Aug/16

Iron Ore 72.50 0.50 0.69% -4.61% 10.69% 20.83% Aug/16

Iron Ore 62%
73.36 0.01 0.01% -1.93% 11.17% 21.96% Aug/16
fe
Coal 94.95 0.00 0.00% -0.26% 12.63% 39.43% Aug/16

Lithium 119.10 0.83 0.70% -0.77% 5.52% 32.73% Aug/16

Index Price Day Weekly Monthly Yearly Date

 Aug 16,2107 7

Baltic Dry 1,207.00 38.00 3.25% 14.95% 32.35% 76.20% Aug/16

CRB Index 177.38 0.95 -0.54% -3.40% -0.21% -5.55% Aug/16

LME Index 3,047.20 0.00 0.00% 1.06% 6.00% 26.62% Aug/16

S&P GSCI 2,196.1120 0.00 0.00% -2.35% 1.03% -3.10% Aug/16

Currencies
Asia Price Day Weekly Monthly Yearly Date

USDJPY 109.89 0.17 -0.16% -0.15% -2.42% 9.63% 11:45

USDCNY 6.68340 0.0013 -0.02% -0.11% -1.18% 0.74% 11:45

USDINR 64.1650 0.0550 0.09% 0.49% -0.26% -4.06% Aug/17

USDKRW 1134.50 0.1 -0.01% -0.76% 0.91% 2.47% Aug/17

USDIDR 13375.00 0 0.00% 0.32% 0.38% 2.14% Aug/17

USDSAR 3.7499 0.0000 0.00% -0.01% 0.00% 0.03% Aug/17

USDTWD 30.3410 0.0000 0.00% 0.45% -0.19% -3.36% Aug/17

USDIRR 32,911.00 0.0000 0.00% 0.27% 0.84% 5.92% Aug/17

USDAED 3.6729 0.0003 0.01% 0.01% 0.00% 0.01% Aug/17

USDTHB 33.2300 0.0300 -0.09% 0.00% -1.01% -3.79% Aug/17

USDMYR 4.2900 0.0070 -0.16% 0.07% 0.09% 6.98% Aug/17

USDSGD 1.36345 0.00055 0.04% 0.01% -0.20% 1.81% 11:45

USDILS 3.6156 0.0004 0.01% 0.85% 1.40% -3.92% Aug/17

USDHKD 7.82195 0.0005 0.01% 0.06% 0.22% 0.89% Aug/17

USDPHP 51.2700 0.0000 0.00% 0.63% 1.11% 10.78% Aug/17

USDPKR 105.19 0.1100 -0.10% 0.02% 0.09% 0.52% Aug/17

USDIQD 1,166.00 0.0000 0.00% -0.33% -0.09% -0.13% Aug/17

USDKZT 332.87 0.0000 0.00% 0.11% 2.13% -2.54% Aug/17

USDQAR 3.6563 0.0163 0.45% 0.20% -0.54% 0.46% Aug/16

USDVND 22,727.00 0.0000 0.00% -0.01% 0.05% 2.01% Aug/16

USDBDT 80.78 0.0000 0.00% -0.01% 0.01% 3.34% Aug/17

USDOMR 0.3849 0.0001 0.03% 0.16% 0.16% 0.08% Aug/17

USDAZN 1.7003 0.0000 0.00% 0.27% 0.06% 5.32% Aug/17

USDLKR 153.20 0.0000 0.00% -0.03% -0.03% 5.76% Aug/17

USDSYP 514.98 0.0000 0.00% 0.00% 0.00% 139.75% Aug/17

USDMMK 1,360.00 0.0000 0.00% -0.15% 0.22% 14.38% Aug/17

 Aug 16,2107 8

USDUZS 4,120.00 0.0000 0.00% 0.04% 2.02% 38.38% Aug/17

USDMOP 8.0553 0.0009 -0.01% 0.07% 0.29% 0.97% Aug/17

USDTMT 3.4000 0.0000 0.00% -2.58% -2.58% -2.59% Aug/17

USDLBP 1,504.00 0.0000 0.00% 0.10% -0.11% -0.51% Aug/17

USDYER 249.90 0.0000 0.00% 0.16% -0.04% 0.10% Aug/17

USDBHD 0.3766 0.0000 0.00% -0.13% -0.03% 0.00% Aug/17

USDAFN 68.55 0.0000 0.00% 0.31% 0.32% 1.75% Aug/17

USDNPR 102.60 0.0000 0.00% 0.59% -0.29% -3.71% Aug/17

USDBND 1.3621 0.0005 0.04% -0.11% -0.47% 1.48% Aug/17

USDKHR 4,111.10 1.1001 0.03% 0.61% 0.61% 1.51% Aug/17

USDGEL 2.3785 0.0000 0.00% -0.23% -0.56% 3.41% Aug/17

USDMNT 2433.00 3 -0.12% -0.21% 1.67% 8.91% Aug/17

USDLAK 8,276.70 0.0000 0.00% 0.06% 0.05% 2.44% Aug/17

USDAMD 478.01 0.0000 0.00% 0.06% 0.07% 0.78% Aug/17

USDTJS 8.8111 0.0000 0.00% 0.18% 0.04% 12.01% Aug/17

USDKGS 68.69 0.0000 0.00% -0.46% -0.55% -0.09% Aug/17

USDMVR 15.5200 0.0000 0.00% 0.98% 0.84% 3.88% Aug/17

USDKWD 0.3020 0.0001 0.03% 0.10% -0.30% 0.17% Aug/16

USDJOD 0.7062 0.0013 -0.18% -0.11% -0.11% -0.27% Aug/17