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==Macro-economic trends== This is a chart of trend of gross domestic product of Burma at market prices [https://web.archive.org/web/20050322011051/http://www.econstats.com/IMF/IFS_Mya1_99B__.htm#Year estimated] by the [[International Monetary Fund]] and EconStats with figures in millions of [[Myanmar kyat]]s. {| class="wikitable" |- ! Year || Gross Domestic Product || US dollar exchange<ref>{{Cite web |title=Myanmar TradeNet |url=http://www.myanmartradenet.com/ |url-status=dead |archive-url=https://web.archive.org/web/20081013192500/http://www.myanmartradenet.com/ |archive-date=13 October 2008 |access-date=25 October 2008}}</ref>|| Inflation index (2000=100) |- | 1965 || 7,627 || || |- | 1970 || 10,437 || || |- | 1975 || 23,477 || || |- | 1980 || 38,608 || || |- | 1985 || 55,988 || || |- | 1990 || 151,941 || || |- | 1995 || 604,728 || || |} The following table shows the main economic indicators in 1999β2024.<ref>{{Cite web |title=Report for Selected Countries and Subjects |url=https://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weorept.aspx?sy=1997&ey=2023&scsm=1&ssd=1&sort=country&ds=.&br=1&c=518&s=NGDP_RPCH,PPPGDP,PPPPC,PCPIPCH,GGXWDG_NGDP&grp=0&a=&pr.x=40&pr.y=12 |access-date=2018-08-27 |language=en-US |archive-date=29 August 2018 |archive-url=https://web.archive.org/web/20180829072222/https://www.imf.org/external/pubs/ft/weo/2018/01/weodata/weorept.aspx?sy=1997&ey=2023&scsm=1&ssd=1&sort=country&ds=.&br=1&c=518&s=NGDP_RPCH,PPPGDP,PPPPC,PCPIPCH,GGXWDG_NGDP&grp=0&a=&pr.x=40&pr.y=12 |url-status=live }}</ref> {| class="wikitable" style="text-align: center;" !Year !GDP (in billion US$ PPP) !GDP per capita (in US$ PPP) !GDP (in billion US$ nominal) !GDP growth (real) !Inflation (in Percent) !Government debt (in % of GDP) |- |1999 |32.59 |725 |6.04 |8.4% |26.8% |155% |- |2000 |37.47 |822 |7.26 |12.4% |4.3% |169% |- |2001 |43.09 |934 |6.69 |12.5% |'''β'''19.8% |269% |- |2002 |48.11 |1,033 |6.50 |9.9% |21.9% |196% |- |2003 |55.53 |1,182 |8.34 |13.2% |47.5% |150% |- |2004 |65.76 |1,390 |10.10 |15.3% |8.0% |130% |- |2005 |77.02 |1,618 |11.38 |13.6% |6.9% |122% |- |2006 |89.96 |1,879 |12.75 |13.3% |16.6% |106% |- |2007 |103.95 |2,157 |16.76 |12.5% |34.4% |80% |- |2008 |113.96 |2,350 |23.91 |7.6% |20.9% |61% |- |2009 |119.69 |2,452 |28.97 |4.4% |3.7% |58% |- |2010 |127.50 |2,594 |35.75 |5.2% |5.9% |56% |- |2011 |137.25 |2,772 |50.29 |5.5% |6.8% |51% |- |2012 |148.87 |2,983 |55.13 |6.5% |0.4% |49% |- |2013 |163.37 |3,246 |59.18 |7.9% |6.4% |46% |- |2014 |179.84 |3,543 |63.15 |8.2% |5.7% |35% |- |2015 |195.07 |3,810 |62.66 |7.5% |7.3% |36% |- |2016 |209.55 |4,058 |60.09 |6.4% |9.1% |38% |- |2017 |225.56 |4,334 |61.27 |5.8% |4.6% |40% |- |2018 |270.05 |5,149 |66.70 |6.4% |5.9% |40% |- |2019 |300.15 |5,681 |68.80 |6.8% |8.6% |39% |- |2020 |310.84 |5,843 |77.80 |'''β'''1.2% |5.7% |41% |- |2021 |251.02 |4,688 |68.05 |'''β'''10.5% |3.6% |61% |- |2022 |258.25 |4,793 |61.77 |'''β'''4.0% |18.4% |62% |- |2023 |274.34 |5,061 |64.51 |2.5% |27.1% |60% |- |2024 |283.75 |5,206 |64.28 |1.0% |22.0% |61% |} According to the CIA World Factbook,<ref>{{Cite web |title=The World Factbook |url=https://www.cia.gov/the-world-factbook/countries/burma/ |access-date=3 March 2015 |website=Cia.gov |archive-date=10 February 2021 |archive-url=https://web.archive.org/web/20210210200835/https://www.cia.gov/the-world-factbook/countries/burma/ |url-status=live }}</ref> {{blockquote|Burma, a resource-rich country, suffers from pervasive government controls, inefficient economic policies, and rural poverty. The junta took steps in the early 1990s to liberalize the economy after decades of failure under the "Burmese Way to Socialism," but those efforts stalled, and some of the liberalization measures were rescinded. Burma does not have monetary or fiscal stability, so the economy suffers from serious macroeconomic imbalances β including inflation, multiple official exchange rates that overvalue the Burmese kyat, and a distorted interest rate regime. Most overseas development assistance ceased after the junta began to suppress the democracy movement in 1988 and subsequently refused to honor the results of the 1990 legislative elections. In response to the government of Burma's attack in May 2003 on [[Aung San Suu Kyi]] and her convoy, the US imposed new economic sanctions against Burma β including a ban on imports of Burmese products and a ban on provision of financial services by US persons. A poor investment climate further slowed the inflow of foreign exchange. The most productive sectors will continue to be in extractive industries, especially oil and gas, mining, and timber. Other areas, such as manufacturing and services, are struggling with inadequate infrastructure, unpredictable import/export policies, deteriorating health and education systems, and corruption. [[2003 Myanmar Banking Crisis|A major banking crisis in 2003]] shuttered the country's 20 private banks and disrupted the economy. As of December 2005, the largest private banks operate under tight restrictions limiting the private sector's access to formal credit. Official statistics are inaccurate. Published statistics on foreign trade are greatly understated because of the size of the black market and unofficial border trade β often estimated to be as large as the official economy. Burma's trade with Thailand, China, and India is rising. Though the Burmese government has good economic relations with its neighbors, better investment and business climates and an improved political situation are needed to promote foreign investment, exports, and tourism.}} The economy saw continuous real GDP growth of at least 5% from 2009 onwards.
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