Is Myanmar a poorest country?
For the 2020 estimate, GDP per capita in Myanmar would be USD $5142.20 in PPP per capita and USD $1,608.50 in nominal per capita. This would make Myanmar one of the poorest countries in Southeast Asia.
Is Philippines richer than Myanmar?
The Philippines with a GDP of $330.9B ranked the 40th largest economy in the world, while Myanmar ranked 71st with $71.2B. By GDP 5-years average growth and GDP per capita, the Philippines and Myanmar ranked 21st vs 13th and 134th vs 164th, respectively.
What causes poverty Myanmar?
There are differences in urban and rural poverty. … It is argued in this paper that poverty in Myanmar is mainly caused by the mismanagement of resources and inefficiency of governance, corruption and dishonesty in resource allocations, insecurities of social and economic conditions to the people.
Is Myanmar a poor country 2021?
The economy is expected to contract around 18 percent in Myanmar’s 2021 Fiscal Year (Oct 2020-Sep 2021), with damaging implications for lives, livelihoods, poverty and future growth. … The share of Myanmar’s population living in poverty is likely to more than double by the beginning of 2022, compared to 2019 levels.
What does poverty look like in Myanmar?
Poverty Data: Myanmar. In Myanmar, 24.8% of the population lives below the national poverty line in 2017. In Myanmar, the proportion of employed population below $1.90 purchasing power parity a day in 2019 is 1.1%. For every 1,000 babies born in Myanmar in 2019, 45 die before their 5th birthday.
What are the living conditions in Myanmar?
Estimations from the 2017 Myanmar Living Conditions Survey (MLCS) reveals that 24.8 percent of the population is poor. The poverty line in 2017 was 1,590 kyat per adult equivalent per day (in 2017 quarter 1 kyat). Those with consumption levels at or below 1,590 kyat per day are considered poor.