Myanmar's net secondary income (current US$, BoP) was US$2.43 billion in 2019, the latest year in the World Bank's World Development Indicators. That is up 461.97% from US$433.15 million in 2009 (18.84% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.43 billion | 2019 |
| Five years earlier | US$1.24 billion | 2014 |
| Ten years earlier | US$433.15 million | 2009 |
| Highest | US$2.43 billion | 2019 |
| Lowest | US$11.09 million | 1977 |
| Average since 2010 | US$1.39 billion | 2010–2019 |
| First recorded | US$16.4 million |
What the numbers say
In 2019, Myanmar's net secondary income (current US$, BoP) rose 11.3% on 2018 (from US$2.19 billion to US$2.43 billion).
Across the 30 yearly changes before that (1989 to 2018), the average change was +25.2% and a typical year strayed about 80.8% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 402.5% in 1993 and the biggest yearly fall was 44.9% in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2010 to 2019 the straight-line trend is upward, about US$258.46 million a year. A straight line explains 96% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$3.1 billion for 2022. We show this only because the same method, fitted on earlier years, predicted 2017 to 2019 better than "no change" would have: its average miss was US$129.41 million, against US$184.03 million for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
What this measures
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Limitations: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.
All 44 values
| Year | Net secondary income (current US$, BoP) |
|---|---|
| 2019 | 2,434,191,516 |
| 2018 | 2,186,601,860 |
| 2017 | 1,952,710,287 |
| 2016 | 2,115,984,536 |
| 2015 | 1,669,181,545 |
| 2014 | 1,237,207,907 |
| 2013 | 1,150,267,896 |
| 2012 | 550,053,894 |
| 2011 | 394,620,454 |
| 2010 | 238,651,642 |
Net secondary income (current US$, BoP) in nearby economies
- Australia — −US$1.1 billion (2025)
- Brunei Darussalam — −US$718.16 million (2025)
- Cambodia — US$2.44 billion (2025)
- China — US$22.12 billion (2025)
- Fiji — US$510.04 million (2024)
- French Polynesia — US$531.65 million (2016)
- Hong Kong SAR, China — −US$3.01 billion (2025)
- Indonesia — US$6.72 billion (2025)
- Japan — −US$37.35 billion (2025)
- Kiribati — US$98.25 million (2025)
More economic policy & debt data for Myanmar
- GDP (current US$) — US$81.67 billion (2025)
- GDP (current LCU) — 171.5 trillion (2025)
- GDP (constant 2015 US$) — US$61.87 billion (2025)
- GDP (constant LCU) — 75.47 trillion (2025)
- GDP per capita (current US$) — US$1,489 (2025)
- GDP per capita (current LCU) — 3.13 million (2025)
- GDP per capita (constant 2015 US$) — US$1,128 (2025)
- GDP per capita (constant LCU) — 1.38 million (2025)
- GNI (current US$) — US$79.99 billion (2025)
- GNI (current LCU) — 167.97 trillion (2025)
- GNI per capita (current LCU) — 3.06 million (2025)
Reading data like this
Questions people ask
- What is Myanmar's net secondary income (current US$, BoP)?
- US$2.43 billion in 2019, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 14,744% from US$16.4 million in 1976 (12.33% a year on average, compounded). The highest value was US$2.43 billion in 2019 and the lowest US$11.09 million in 1977.
- Is the latest change in net secondary income (current US$, BoP) unusual for Myanmar?
Source
World Bank, World Development Indicators, indicator BN.TRF.CURR.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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