Bank deposits to GDP in Myanmar
Myanmar: Bank deposits to GDP was 50.9% in 2020. ◆ Volatile
Bank deposits to GDP in Myanmar, 1961–2020
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Myanmar recorded 50.9% for bank deposits to gdp in 2020. That is the highest value across all 60 years on record.
The figure is up 6.4% on the previous year and up 270.9% over ten years.
Over the whole period, bank deposits to gdp in Myanmar peaked at 50.9% in 2020 and was at its lowest, 4.0%, in 1977.
Myanmar ranks 107th of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP in Myanmar, year by year
| Year | % | Change |
|---|---|---|
| 1961 | 10.0% | — |
| 1962 | 10.7% | +7.6% |
| 1963 | 8.2% | -23.2% |
| 1964 | 6.5% | -21.6% |
| 1965 | 5.8% | -10.3% |
| 1966 | 8.4% | +45.8% |
| 1967 | 8.1% | -4.1% |
| 1968 | 7.2% | -10.9% |
| 1969 | 5.7% | -20.4% |
| 1970 | 7.3% | +26.7% |
| 1971 | 7.6% | +4.5% |
| 1972 | 8.2% | +7.3% |
| 1973 | 7.8% | -4.3% |
| 1974 | 5.9% | -24.7% |
| 1975 | 4.6% | -21.0% |
| 1976 | 4.3% | -8.3% |
| 1977 | 4.0% | -5.6% |
| 1978 | 4.9% | +21.9% |
| 1979 | 6.1% | +24.9% |
| 1980 | 7.2% | +17.4% |
| 1981 | 8.7% | +21.6% |
| 1982 | 10.0% | +14.9% |
| 1983 | 11.4% | +13.3% |
| 1984 | 12.9% | +13.2% |
| 1985 | 13.9% | +7.6% |
| 1986 | 14.9% | +7.3% |
| 1987 | 15.1% | +1.2% |
| 1988 | 11.9% | -21.0% |
| 1989 | 10.8% | -9.2% |
| 1990 | 9.5% | -11.9% |
| 1991 | 11.4% | +19.5% |
| 1992 | 11.1% | -2.8% |
| 1993 | 10.2% | -7.4% |
| 1994 | 10.2% | -0.2% |
| 1995 | 12.7% | +24.2% |
| 1996 | 14.5% | +14.4% |
| 1997 | 13.7% | -5.3% |
| 1998 | 12.7% | -7.8% |
| 1999 | 13.4% | +5.8% |
| 2000 | 16.9% | +26.0% |
| 2001 | 18.9% | +11.8% |
| 2002 | 16.1% | -14.7% |
| 2003 | 6.2% | -61.5% |
| 2004 | 7.6% | +23.3% |
| 2005 | 7.4% | -2.9% |
| 2006 | 7.3% | -1.2% |
| 2007 | 7.3% | +0.2% |
| 2008 | 7.3% | -0.9% |
| 2009 | 9.1% | +25.3% |
| 2010 | 13.7% | +50.8% |
| 2011 | 16.6% | +20.8% |
| 2012 | 21.0% | +26.7% |
| 2013 | 26.0% | +23.8% |
| 2014 | 29.5% | +13.3% |
| 2015 | 35.3% | +19.5% |
| 2016 | 40.4% | +14.6% |
| 2017 | 45.2% | +11.7% |
| 2018 | 46.2% | +2.4% |
| 2019 | 47.9% | +3.5% |
| 2020 | 50.9% | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.9% | 5.7% | 10.7% | 9 |
| 1970s | 6.1% | 4.0% | 8.2% | 10 |
| 1980s | 11.7% | 7.2% | 15.1% | 10 |
| 1990s | 11.9% | 9.5% | 14.5% | 10 |
| 2000s | 10.4% | 6.2% | 18.9% | 10 |
| 2010s | 32.2% | 13.7% | 47.9% | 10 |
| 2020s | 50.9% | 50.9% | 50.9% | 1 |
Countries ranked near Myanmar
More financial sector data for Myanmar
- Net domestic credit (current LCU), per capita 1.15 million current LCU per person (2020)
- Net domestic credit (current LCU), per unit of GDP 771.31 current LCU per US$ of GDP (2020)
- Net domestic credit (current LCU), annual growth rate 15.1 % change on previous year (2020)
- Total reserves in months of imports, per capita 0 units per person (2019)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2019)
- Total reserves in months of imports, annual growth rate 5.72 % change on previous year (2019)
- Domestic credit to private sector by banks 29.0% (2020)
- Total reserves in months of imports 3.29 (2019)
- Net domestic credit 60.94 trillion current LCU (2020)
- Net foreign assets 12.75 trillion current LCU (2020)
Frequently asked questions
- What is bank deposits to gdp in Myanmar?
- Bank deposits to gdp in Myanmar was 50.9% in 2020, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Myanmar?
- The highest recorded value was 50.9% in 2020.
- What is the lowest bank deposits to gdp recorded in Myanmar?
- The lowest recorded value was 4.0% in 1977.
- How does Myanmar rank for bank deposits to gdp?
- Myanmar ranks 107th out of 185 countries with data for 2020.
- Is bank deposits to gdp rising or falling in Myanmar?
- Over the last ten years it is up 270.9%. The long-run trend across the full record is volatile.
- Where does this Myanmar data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).