Myanmar Gdp 2015Burma GDP 2015
- Myanmar - 2012-2022 GDP
Myanmar region[Burma] Survey 2012 to 2017 Additional information * Estimate. For a better comprehension of the statistics, the numbers have been round. Myanmar region[Burma] Survey 2012 to 2017 Additional information * Estimate. For a better comprehension of the statistics, the numbers have been round.
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Myanmar's 2015 slowdown
Myanmar's economy has fallen by two percent this year ('2015-16), according to the World Banks. Despite the forecast 8.5 per cent increase in the 2014-15 financial year, the Bank's forecast for this financial year is that it will decline to 6.5 percent. It provides an assessment of the economy, as well as an assessment of the socio-policy challenge, the public sector budgetary gap, the balance of payments gap and the balance of payments gap.
In the 12-month period to July 2015, it had risen to almost 10 percent. In addition, it is reported that the US dollar fell by around 20 percent between January and August 2015 due to a strengthening US dollar, a widening balance of payments gap and a slowdown in FDI intakes.
For the 2013-14 budget year, the trade deficit stood at 5.3 percent of GDP, in 2013-14 at -6.3 percent of GDP and this year at 7.9 percent. Expenditure, on the other side, rose from 14.1 percent of GDP in 2013-14, 15.8 percent of GDP in 2014-15 and 14.8 percent in 2015-16.
In preparing a year' s budgets, the value of the Kyoto Protocol fell to Ks 1,020 per USD, resulting in a trading shortfall and a demand by the state for an extra Ks 2,500 billion. Although the fall in the prices of compressed air helped Myanmar's economy collapse, Myanmar generated $4.3 billion from gaseous export due to the increase in production.
The budgetary gap for this year is estimated at 5.22 per-cent of the GDP, in part due to a rise in MEPs' salaries. In the first half of December, Myanmar's trading volumes totaled $18.3 billion, of which the total exports were $7.2 billion and imports $11 billion, according to the Department of Commerce.
At the beginning of this year, the currency parity was Ts 1,070 per US Dollars and, according to the Central Bank of Myanmar, had increased to Ts 1,311 per Dollars by December 23. Economics experts said that the government shortfall in the past financial year was about $5 billion. Myanmar's year on year downturn seems to be due to high spending and in-flation.