Burma (Myanmar): Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Burma (Myanmar) |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -6.41 |
| Year | 2023 |
| Measure | percent |
| Data availability | 2012 - 2023 |
| Average | -3.73 |
| Min - Max | -7.56 - -1.18 |
| Source | Central Bank of Myanmar |
The latest value from 2023 is -6.41 percent, a decline from -2.19 percent in 2022. In comparison, the world average is -2.80 percent, based on data from 140 countries. Historically, the average for Burma (Myanmar) from 2012 to 2023 is -3.73 percent. The minimum value, -7.56 percent, was reached in 2021 while the maximum of -1.18 percent was recorded in 2015.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Fiscal balance, percent of GDP | -6.41 | 2023 | percent |
| Government debt | 38.70 | 2019 | percent |
| Tax revenue | 6.02 | 2019 | percent |
| Commercial tax rate | 31.20 | 2019 | percent |
| Tax preparation time | 282 | 2019 | hours |
| Number of taxes | 31 | 2019 | taxes |
| Taxes on goods and services | 24.61 | 2019 | percent |
| Taxes on international trade | 2.81 | 2019 | percent |
| Income and profits taxes | 13.34 | 2019 | percent |
| Foreign aid | 1,003.34 | 2022 | million U.S. dollars |