Foreign debt fell 2.99% to USD 12,162 bil in Myanmar in 2023, according to the National Statistical Office.
Historically, foreign debt in Myanmar reached an all time high of USD 13,759 bil in 2021 and an all time low of USD 164 bil in 1970. When compared to Myanmar's main peers, foreign debt in China amounted to USD 2,420,211 bil, USD 646,787 bil in India, USD 20,350 bil in Laos and USD 193,626 bil in Thailand in 2023.
Myanmar has been ranked 63rd within the group of 110 countries we follow in terms of foreign debt, 8 places below the position seen 10 years ago.
Foreign Debt (USD) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Bangladesh | USD bil | 51,068 | 57,125 | 62,468 | 73,551 | 91,478 | ||||||||||||||||
Cambodia | USD bil | 11,434 | 13,549 | 15,363 | 17,594 | 20,050 | ||||||||||||||||
China | USD bil | 1,710,820 | 1,961,562 | 2,114,162 | 2,326,233 | 2,724,354 | ||||||||||||||||
India | USD bil | 511,576 | 521,176 | 561,017 | 564,979 | 611,987 | ||||||||||||||||
Japan | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Laos | USD bil | 15,278 | 16,123 | 19,212 | 21,245 | 19,445 | ||||||||||||||||
Malaysia | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||||
Myanmar | USD bil | 10,784 | 10,732 | 11,182 | 13,407 | 13,759 | ||||||||||||||||
Pakistan | USD bil | 93,158 | 100,199 | 110,178 | 118,034 | 130,851 | ||||||||||||||||
Russia | USD bil | 519,203 | 477,785 | 485,793 | 460,934 | 481,418 | ... | ... | ||||||||||||||
Sri Lanka | USD bil | 50,767 | 52,921 | 56,119 | 56,875 | 58,742 | ||||||||||||||||
Thailand | USD bil | 153,571 | 172,101 | 168,600 | 186,866 | 196,676 | ||||||||||||||||
USA | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Vietnam | USD bil | 109,893 | 112,622 | 122,496 | 129,479 | 139,853 |