The World Bank's Myanmar Economic Monitor tracks an economy set back by earthquake and conflict
Background
The World Bank follows Myanmar's economy through a publication called the Myanmar Economic Monitor.
Its June 2026 edition projects growth of 2 per cent in the 2026/27 fiscal year, after a projected contraction of 2.5 per cent in 2025/26 driven largely by the earthquake.
From 2011 to 2019 Myanmar's economy had grown by an average of 6 per cent a year.
The World Bank puts the direct damages of the magnitude 7.7 earthquake at US$11 billion, or 14 per cent of GDP, with over 17 million people affected and 9 million severely.
It records poverty at 31.0 per cent in 2024 and internal displacement at 3.5 million.
Almost 20 million people in Myanmar, including 6 million children, need humanitarian assistance.
In plain words
GDP Gross Domestic Product — The total value of goods and services produced inside a country in a year.
Internal displacement Forced movement within one's own country — People driven from their homes who remain inside the borders of their own country.