Laos and Myanmar Face Bankruptcy: A Look at Their Macroeconomic Conditions

Economics & Macro

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Viva Budy Kusnandar 15/07/2022 13:30 WIB

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This table details macroeconomic indicators for Laos and Myanmar, ranging from annual inflation and currency depreciation to debt-to-GDP ratios.

Laos and Myanmar Macroeconomic Indicators (July 11, 2022*)

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Laos and Myanmar Face Bankruptcy: A Look at Their Macroeconomic Conditions

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Laos and Myanmar Macroeconomic Indicators (July 11, 2022*)

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High inflation, triggered by rising food commodity and energy prices, has burdened people's lives across the globe.

Many countries' currencies have also weakened against the US dollar, making imported goods even more expensive.

Amidst these conditions, several countries are threatened with bankruptcy due to a debt crisis. In Southeast Asia, Myanmar and Laos are among those at risk.

Below are the details of Laos' macroeconomic indicators up to July 11, 2022, or the last available data period:

* Annual inflation as of June 2022: 23.60% (yoy)
* Economic growth as of December 2021: 0.4% (yoy)
* Currency depreciation against the US dollar as of July 11, 2022: -34.47% (ytd)
* Debt-to-GDP ratio as of December 2021: 88.00%

Similar to Laos, Myanmar, an Association of Southeast Asian Nations (ASEAN) member, is also threatened with bankruptcy due to the aforementioned conditions.

Myanmar's economic situation is further burdened by the ongoing security issues since the military coup in early 2021.

Below are the details of Myanmar's macroeconomic indicators up to July 11, 2022, or the last available data period:

* Annual inflation as of June 2022: 11.39% (yoy)
* Economic growth as of December 2021: -18.00% (yoy)
* Currency depreciation against the US dollar as of July 11, 2022: -4.55% (ytd)
* Debt-to-GDP ratio as of December 2021: 57.20%

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."