Myanmar Government Debt to GDP Myanmar recorded a Government Debt to GDP of 32.04 percent of the country's Gross Domestic Product in 2015. Government Debt to GDP in Myanmar averaged 92.45 percent from 1998 until 2015, reaching an all time high of 215.95 percent in 2001 and a record low of 29.73 percent in 2014. Government Debt to GDP in Myanmar is reported by the Central Statistics Organization, Myanmar. Actual Previous Highest Lowest Dates Unit Frequency 32.04 29.73 215.95 29.73 1998 - 2015 percent Yearly Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Myanmar Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Myanmar Government Debt to GDP - actual data, historical chart and calendar of releases - was last updated on August of 2016. Myanmar Government Last Previous Highest Lowest Unit Government Debt to GDP 32.04 29.73 215.95 29.73 percent [+] Government Budget -4.31 -2.03 -0.10 -7.16 percent of GDP [+] Credit Rating 15.00 [+] Military Expenditure 3186.90 3275.70 3275.70 241.80 USD Million [+] 1Y 5Y 10Y MAX Compare... Forecast AlertMe ✉ Watch Embed + Related Myanmar Interest Rate at 10.00 percent Myanmar Foreign Direct Investment at 972.64 USD Million Myanmar Minimum Wages at 3600.00 MMK/ 8-hour Myanmar Gold Reserves at 7.30 Tonnes TRADING ECONOMICS converted by Web2PDFConvert.com
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Myanmar Government Debt to GDPMyanmar recorded a Government Debt to GDP of 32.04 percent of the country's Gross Domestic Product in 2015. Government Debt to GDPin Myanmar averaged 92.45 percent from 1998 until 2015, reaching an all time high of 215.95 percent in 2001 and a record low of 29.73percent in 2014. Government Debt to GDP in Myanmar is reported by the Central Statistics Organization, Myanmar.
Actual Previous Highest Lowest Dates Unit Frequency
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt,thus affecting the country borrowing costs and government bond yields. This page provides - Myanmar Government Debt To GDP - actualvalues, historical data, forecast, chart, statistics, economic calendar and news. Myanmar Government Debt to GDP - actual data, historicalchart and calendar of releases - was last updated on August of 2016.
Myanmar Government Last Previous Highest Lowest Unit
Government Debt to GDP 32.04 29.73 215.95 29.73 percent [+]
Government Budget -4.31 -2.03 -0.10 -7.16 percent of GDP [+]
Credit Rating 15.00 [+]
Military Expenditure 3186.90 3275.70 3275.70 241.80 USD Million [+]
1Y 5Y 10Y MAX
Compare...
Forecast AlertMe✉ Watch Embed
+
Related
Myanmar Interest Rate at 10.00 percentMyanmar Foreign Direct Investment at 972.64 USD MillionMyanmar Minimum Wages at 3600.00 MMK/ 8-hourMyanmar Gold Reserves at 7.30 Tonnes
Deposit Interest Rate in Myanmar at 8.00 percentMyanmar Exports at 870.80 USD MillionMyanmar Imports at 1510.20 USD MillionMyanmar Tourist Arrivals at 450541.00Myanmar Balance of Trade at -639.40 USD MillionMyanmar Inflation Rate at 11.41 percentMyanmar Inflation Rate MoM at -2.11 percentMyanmar GDP at 64.87 USD BillionMyanmar Crude Oil Production at 16.00 BBL/D/1KMyanmar Corruption Rank at 147.00Myanmar Corruption Index at 22.00 PointsMyanmar Corporate Tax Rate at 25.00 percentMyanmar Consumer Price Index Cpi at 219.03 Index PointsMyanmar Competitiveness Rank at 131.00Myanmar Competitiveness Index at 3.32 PointsEase Of Doing Business in Myanmar at 167.00
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Myanmar's foreign debt acquired since 1988 amounts to just overUS$9 billion, a fraction of that of many of its neighbours, parliamentheard yesterday.
Union Minister for Finance U Win Shein told the Pyidaungsu Hluttaw thatalmost half of that sum, $4.27 billion, had been acquired before 1988.
Between 1988-89 and 2010-11, the country borrowed a further $3.3 billion,and had borrowed another $1.5 billion since 2012, he said.
He told MPs that foreign loans and financial aid went toward supplementingthe national budget in implementing reforms, funding infrastructure andimproving human resources through healthcare and education.
Agricultural and electric power installations were also beneficiaries of theloans, which were the cheapest available, he said.
The Treasury Department of the finance ministry handles the debts, incollaboration with the debt management division, helped by financial expertsfrom the Asian Development Bank, he said.
The loans did not come in the form of a lump sum, but were issued inaccordance with the performance of a number of projects, he said.
“According to the International Monetary Fund and the World Bank debtsustainability analysis, Myanmar is performing.”
In 2013, a number of Myanmar’s creditors cancelled or reissued billions ofdollars of external debt. In January of that year, the ADB and World Bankreissued debt worth $960 million through a bridge loan provided by the JapanBank for International Cooperation.
Later the same month, the Paris Club, an informal group of creditorgovernments, announced it had cancelled $5.925 billion worth of debt,following extensive negotiations in Paris.
Remaining arrears have been rescheduled over 15 years, including a seven-year grace period. In addition, Norway and Japan agreed to exceptional debtcancellations, with Norway relieving $534 million and Japan $3.58 billion.
Translation by Thiri Min Htun
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Economic Indicators for Myanmar including actual values, historical data charts, an economic calendar, time-series statistics, businessnews, long term forecasts and short-term predictions for Myanmar economy. 8/24/2016
Related
Myanmar Interest Rate at 10.00 percentMyanmar Foreign Direct Investment at 972.64 USD MillionMyanmar Minimum Wages at 3600.00 MMK/ 8-hourMyanmar Gold Reserves at 7.30 TonnesDeposit Interest Rate in Myanmar at 8.00 percentMyanmar Exports at 870.80 USD MillionMyanmar Imports at 1510.20 USD MillionMyanmar Tourist Arrivals at 450541.00Myanmar Balance of Trade at -639.40 USD MillionMyanmar Inflation Rate at 11.41 percentMyanmar Inflation Rate MoM at -2.11 percentMyanmar GDP at 64.87 USD BillionMyanmar Crude Oil Production at 16.00 BBL/D/1KMyanmar Corruption Rank at 147.00Myanmar Corruption Index at 22.00 PointsMyanmar Corporate Tax Rate at 25.00 percentMyanmar Consumer Price Index Cpi at 219.03 Index PointsMyanmar Competitiveness Rank at 131.00Myanmar Competitiveness Index at 3.32 PointsEase Of Doing Business in Myanmar at 167.00
+
Latest
New Zealand Trade Deficit Narrows 40.7% YoY in JulyUS New Home Sales Jump to Nearly 9-Year HighUS Markit Manufacturing PMI Lower than ExpectedTurkey Holds Repo Rate at 7.5%, Cuts Lending Rate to 8.5%Switzerland Trade Surplus Smallest in 3 MonthsSingapore CPI Drops More than Expected in JulyMexico GDP Expands 2.5% YoY in Q2Mexico GDP Shrinks Less than Expected in Q2Hong Kong Inflation Rate Slows to 8-Month Low of 2.3%Indonesia Holds New Key Rate at 5.25%Canada Inflation Rate Slows to 4-Month Low of 1.3%Spain Trade Gap Narrows 34% YoY in JuneUS Jobless Claims at 4-Week LowChile Annual GDP Growth Slows to Nearly 2-Year Low in Q2ECB Warns on Increased Uncertainty After UK ReferendumEurozone Inflation Rate Confirmed at 0.2% YoY in JulyHong Kong's Jobless Rate Unchanged at 3.4%France Jobless Rate Lowest Since Q3 2012Philippines Economy Grows 1.8% QoQ in Q2Philippines GDP Growth Strongest in 3 Years