ADB forecasts Myanmar’s GDP growth to accelerate from 6.3% in FY2013 to 6.5% in FY2014.
Myanmar’s trade with the rest of the world is low; the total value of trade is less than 60.0% of GDP.
Maintaining macroeconomic stability—relatively low inflation and a stable exchange rate—has been a major challenge for Myanmar. Myanmar has experienced rapid inflation in the past 2 years in terms of housing, wages and utilities.
The corporate tax rate (25%) and personal income tax rates are at 20% for incomes over MK20 million a year (about $28,000 at the current market exchange rate).