Myanmar Household IncomeBurma Household Income
Highlights of the survey
Remark: The household income and expenditure survey 2006 (HIES 2006) included 324 municipalities of the 80 municipalities, including 65 model municipalities and 15 churches. A three-step scheme was used as the basis for the survey; the first step on the township, the second step on the stations/village lines and the third step on the house. She used the survey methodology and coverage of 32,000 homes.
Enquiry estimations may also contain non-sampled mistakes, such as intentional under- or overreporting of income and expenses or reticence on the part of the interviewees to indicate their actual level of income and expenses.
Burma is moving up in the income bracket
Burma, along with Bangladesh, Kenya and Tajikistan, has become a lower middle-income nation due to improving GDP, according to recent World Bank GDPs. Burma now belongs to a group of 51 nations with an income ranging from $1,046 to $4,125 per year and a GNI of $1,270.
Every year on 1 July the WB reviews the income breakdown of the global economy on the basis of per head GNI forecasts for the year before. The 64 low-income nations accounted for 56.1 per cent of the world's 3.1 billion inhabitants in 1994. By 2014, 8.5 per cent, or 613 million inhabitants, live in 31 states.
It' s encouraging to see that over the past year, even four countries have passed this line from the low income to the low medium income category," said Kaushik Basu, Chief Economist of the World Bank and Senior Vice President. The Mongolia and Paraguay changed from the low to the high income bracket, a group with an annual income of $4,126 to $12,735.
Southern Sudan, plagued by catastrophic conflict and a deadlock in the country's domestic petroleum industries, has dropped out of the lower mid-income bracket and returned to a low-income situation where the per head income is $1,045 or less on GDP averages. A new per head ranking shows that the Maldives and Mongolia were the leaders with 13 and 8 places respectively.
The low-income populations are still lagging behind the top per head GNI nations, while earning and consuming significantly less than most of the world's populations. With $250, Malawi has the world's smallest gross national income per head, while Monaco is the highest with over $100,000 - more than 400 per head on averages.
Malawi's per head GNI in 1990 was 180 dollars - in 24 years the per head income has only risen by 70 dollars. Over the same time frame, Norway, one of the richest nations in the word, has raised its per head income from $26,010 to $103,050, an rise of $77,040. Vietnam showed noteworthy advances among South East Asia as well.
Vietnam was a low-income economy with a GNI per head of $130 in 1990. Today the per-capita GDP of the nation is 1,890 dollars - more than 50 places in the ranking in the last 25 years. New World Bank data also show that Argentina, Hungary, Seychelles and Venezuela have now gone from the top mid-income bracket to a high income with an annual per head income of $12,736 or more.
The Gross National Income (GNI) is a wide range of income for the inhabitants of a country from both national and multinational activities. Per head GNI is a measurement of the mean resource available to people resident in a given country and represents the mean prosperity of a people. "While we need to assess the pace of change in different ways, income-based policies such as GNI continue to be the key benchmark for evaluating our overall output," Basu said.