Exports of Services (BoP, USD) rose 9.34% to USD 4.15 bil in Myanmar in 2017

Exports of Services (BoP, USD) (USD bil)
Economy | Myanmar | March 11, 2019
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Exports of services as a part of balance of payment reached 3.80 USD bil in 2016 in Myanmar, according to the National Statistical Office. This is 8.54 % less than in the previous year.

Historically, exports of services as a part of balance of payment in Myanmar reached an all time high of 4.15 USD bil in 2017 and an all time low of 0.026 USD bil in 1978. When compared to Myanmar's main peers, exports of services as a part of balance of payment in China amounted to 208 USD bil, 162 USD bil in India, 0.831 USD bil in Laos and 67.7 USD bil in Thailand in 2016.

Myanmar has been ranked 83rd within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 48 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Exports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Bangladesh USD bil 2.45 2.69 3.00 3.13 3.23
Cambodia USD bil 2.73 3.19 3.49 3.81 3.95
China USD bil 201 202 207 219 217
India USD bil 139 146 149 157 156
Japan USD bil 141 137 135 164 163
Laos USD bil 0.550 0.646 0.783 0.764 0.844
Malaysia USD bil 38.8 40.6 42.1 42.1 34.9
Myanmar USD bil 0.758 1.23 2.75 3.13 3.78
Pakistan USD bil 5.11 6.58 4.93 5.82 5.90
Russia USD bil 58.0 62.3 70.1 65.7 51.6
Sri Lanka USD bil 3.08 3.80 4.69 5.60 6.40
Thailand USD bil 41.5 49.7 58.8 55.5 61.8
USA USD bil 627 656 700 741 755
Vietnam USD bil 8.88 9.62 10.7 11.0 11.2