Report by the WTO Secretariat

Between fiscal year (FY) 2013/14 and FY 2018/19, Myanmar’s economic growth averaged a robust 7.1% annually. It made progress in reducing poverty and inequality; Myanmar’s per capita GDP grew to over USD 1,300. However, the COVID-19 pandemic significantly impacted the growth rate, which is expected to decline to 1.5% in FY 2019/20. Prudent macro-economic management and the country’s relatively moderate level of economic exposure to the global economy are expected to prevent an economic contraction.