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The economy of Myanmar is the seventh largest in Southeast Asia, with an estimated nominal GDP of US$63.99 billion in 2023 and an estimated purchasing power adjusted GDP of $278.16 billion in 2023 according to the International Monetary Fund. For the 2023 estimate, GDP per capita in Myanmar would be $5,130.00 in PPP per capita and $1,240.00 in nominal per capita. These 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. The cause of the deterioration in the economy is due to the 2021 coup d’été by the Tatmadaw after they accused the elections to be fraudulent. (Full article...)

Yangon, the financial center of Myanmar