National Debt (% of GDP): Myanmar

Analysis# Myanmar National Debt (% of GDP) Myanmar's national debt stands at 63% of GDP in 2026, a dramatic recovery from the country's all-time peak of 262% in 2001. The nation achieved substantial debt reduction over the past quarter-century, declining 69.8% since 1998. The lowest point came in 2014 at 34.5% of GDP, reflecting years of fiscal consolidation following earlier economic turmoil. Recent years reveal volatility rather than steady improvement. Debt remained relatively controlled from 2017 through 2019, ranging between 37.6% and 41.9%. The 2020 pandemic triggered a sharp spike to 49.1%, followed by a steeper increase to 63.4% in 2021. Since then, debt has stabilized around 59-63%, suggesting Myanmar's debt burden has settled at elevated levels following pandemic-related fiscal pressures. The trajectory for 2026 indicates sustained debt around current levels without significant further deterioration.