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Basic Economic Summary


Myanmar is strategically located on the crossroads of Asia, which opens new business opportunities in trading with neighboring countries such as China, Laos, and Thailand. Although they are categorized among the poorest nations in Southeast Asia, their abundant natural resources and openness to foreign investments have led to rapid economic growth in the last decade. 

Basic Information

  • Local Languages: Burmese (Official), English
  • Major Economic Hubs: Naypyidaw
  • Currency: Burmese Kyat (MMK)
  • Population: 55.07 million (2022)
  • Date Format: dd/mm/yyyy

Useful Information

  • G‍DP Per Capita (in USD): 1,710 (2022)
  • Exchange Rate (MMK/USD): 0.00056 
  • Number of University Graduates (2018): 5,371*

Local Universities

Renowned Local Universities:

University Ranking
Yangon University World Ranking: 1 ; Local Ranking: 8291
Yezin Agricultural University World Ranking: 2 ; Local Ranking: 10173
Mandalay University World Ranking: 3 ; Local Ranking: 10194
University of Medicine 1, Yangon World Ranking: 4 ; Local Ranking: 11374
Yangon University of Economics World Ranking: 5 ; Local Ranking: 11624

Salary Data

Popular jobs amongst Myanmar graduates include Petroleum Engineering, Sales and Business Development, Civil Engineering, Marketing & Creative Design, and Software Development & Programming.

Below are the average salaries of some jobs. More information about average salaries in Myanmar can be found on SalaryExplorer.

Job Title Average Salary (MMK) Average Salary (USD)
Accounting Manager 381,000 - 1,280,000 214.16 - 719.47
Software developer 255,000 - 790,000 143.33 - 444.05
Data Analyst 235,000 - 768,000 132.09 - 431.68
UX Designer 198,000 - 597,000 111.29 - 335.57
Product Manager 411,000 - 1,180,000 231.02 - 663.27
Sales Manager 468,000 - 1,450,000 263.06 - 815.03

Talent Sourcing Tips

English Proficiency: Low Proficiency

Number of LinkedIn Users (2019): 531,800

Top Local Job Portals: JobNet, Myjobs, JobsinYangon

More information about job portals in Myanmar can be found here.


Employer Payroll Tax

Type of Tax Contribution (%)
Social Security 3%

(capped at MMK 9,000 per month) The employer payroll tax can be found here.

Employee Payroll Tax

Type of Tax Contribution (%)
Social Security 2%

(capped at MMK 6,000 per month) The employee payroll tax can be found here.

Employee Monthly Income Tax

Income Group (MMK) Contribution
1 – 166,666.67 0%
166,666.67 – 416,666.67 5%
416,666.67 – 833,333.33 10%
833,333.33- 1,666,666.67 15%
1,666,666.67 – 2,500,000 20%
> 2,500,000 25%

Myanmar follows a progressive income tax model. Links to the employee payroll tax and employee income tax.

Minimum Wage & Payroll

Minimum Wage

Daily minimum wage is set at MMK 4,800 for 8 hours of work

Payroll Cycle

Paid monthly at least. If the company has <100 employees, the salary must be paid by the pay period, otherwise within 5 days after the end of the pay period.


13th month salary

Not mandatory.

Working Hours & Statutory Leave

Maximum working hours

Average full time work hour is 8 hours a day, up to a maximum of 48 hours of working hours a week.

Overtime pay

Maximum overtime of 12 hours a week, paid at 200% of standard hourly wage.

Public Holidays

The public holidays can be found here.

Annual Leave

Employees have 10 days of paid annual leave.

Sick Leave

For employees who have been employed for at least 6 months, they are entitled to 26 weeks of sick leave per year, of which only the first 30 days are paid. Employees must provide a medical certificate.

Parental Leave

Maternity Leave

6 weeks of paid leave prior to delivery and 8 weeks after delivery

Paternity Leave

15 days paid paternity leave for a newborn

Offboarding & Termination

Termination Process

The termination process is moderately simple.

Termination of employee is possible if the company is undergoing liquidation, reasons of force majeure, death of an employee.

To terminate an employee for misconduct, the employer must state a list of misconduct offences in the employment contract and ensure that the employee has had 3 written prior warnings and had the time to improve their performance prior to the termination.

Notice Period

1 month notice

Severance Pay

Years of EmploymentSeverance (Monthly)
0.5 – 10.5
1 – 21
2 – 31.5
3 – 43
4 – 64
6 – 85
8 – 106
10 – 208
20 – 2510
≥ 2513

Probation period

Not mandatory. Maximum of 90 days probation.

Employee Benefits


Employers with more than five employees must provide social security benefits for their constituents. According to the Social Security Act of 2012, the benefits must include health and social care insurance as well as insurance against employment-related injuries. 

Employees are to contribute 2% of their monthly wages for the Social Security scheme while employers contribute 3%. The maximum contribution for this benefit is MMK 9,000 by the employer and MMK 6,000 by the employee.


The VAT in Myanmar is 5%

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