Goods balance (credit less debit), Net (credits less debits) in Myanmar
Myanmar: Goods balance (credit less debit), Net (credits less debits) was -2.85 billion in 2019. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Myanmar, 2005–2019
Source: International Monetary Fund.
Analysis
In 2019, goods balance (credit less debit), net (credits less debits) in Myanmar stood at -2.85 billion.
The figure is up 31.0% on the previous year and down 210.1% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Myanmar peaked at 3.48 billion in 2010 and was at its lowest, -5.77 billion, in 2017.
That places Myanmar 129th out of 198 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) in Myanmar, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.98 billion | — |
| 2006 | 2.15 billion | +8.5% |
| 2007 | 2.75 billion | +27.7% |
| 2008 | 2.94 billion | +7.0% |
| 2009 | 2.59 billion | -12.0% |
| 2010 | 3.48 billion | +34.4% |
| 2011 | 208.05 million | -94.0% |
| 2012 | 591.68 million | +184.4% |
| 2013 | -114.04 million | -119.3% |
| 2014 | -1.87 billion | +1542.0% |
| 2015 | -3.81 billion | +103.7% |
| 2016 | -3.58 billion | -6.2% |
| 2017 | -5.77 billion | +61.2% |
| 2018 | -4.13 billion | -28.4% |
| 2019 | -2.85 billion | -31.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.48 billion | 1.98 billion | 2.94 billion | 5 |
| 2010s | -1.79 billion | -5.77 billion | 3.48 billion | 10 |
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 goods balance (credit less debit), net (credits less debits) in Myanmar?
- Goods balance (credit less debit), net (credits less debits) in Myanmar was -2.85 billion in 2019, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Myanmar?
- The highest recorded value was 3.48 billion in 2010.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Myanmar?
- The lowest recorded value was -5.77 billion in 2017.
- How does Myanmar rank for goods balance (credit less debit), net (credits less debits)?
- Myanmar ranks 129th out of 198 countries with data for 2019.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Myanmar?
- Over the last ten years it is down 210.1%. The long-run trend across the full record is volatile.
- Where does this Myanmar data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.