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Embed code for: MYANMAR BUSINESS
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Republic of the Union of Myanmar, Burma is a sovereign state in South East Asia bordered by India, Thailand, Laos, Bangladesh and China.
Population – 54 million (25th)
Area – 676,578 sq km/ 261,227 sq mi (40th)
Capital – Nay Pyi Taw
Largest City – Yangon (Rangoon)
Official Language – Burmese
Local Time – GMT + 6:30
Drive – Right
population (5.37 million in 2014)
URBAN population (33.6% IN 2014)
2. General information
COUNTRY PROFILE, 2012
3. Economy status
Since the transition to a civilian government in 2011, Myanmar has begun an economic overhaul aimed at attracting foreign investment and reintegrating into the global economy.
Economic reforms have included establishing a managed float of the Myanmar kyat in 2012, granting the Central Bank operational independence in July 2013, and enacting a new Anti-corruption Law in September 2013.
The government’s commitment to reform, and the subsequent easing of most Western sanctions, has begun to pay dividends. The economy accelerated in 2012 and 2013. And Myanmar’s abundant natural resources, young labour force, and proximity to Asia’s dynamic economies have attracted foreign investment in the energy sector, garment industry, information technology, and food and beverages. Foreign direct investment grew from US$1.3 billion in FY 2012 to US$2.7 billion in FY 2013.
Economy Growth – 77th in the world
Currency – Myanmar kyat (MMK)
Fiscal Year – 1 April ̴̴̴̴̴ 31 March
GDP – 64 billion (2014 est.)
GDP Growth – 8.5 % (2014 est.)
Inflation Rate – 5.5 % (2014 est.)
Myanmar is expected to be at the hub of trade connecting Southeast Asia, Middle East, Europe and Africa.
Exports – 8.5 billion (2011 est.)
Export Goods – Natural gas, wood products, pulses, beans, fish, rice, clothing, jade and jems.
Main Export Partners – Thailand, India, China, Japan and South Korea.
3. ECONOMY STATUS
Imports – 8.5 billion (2011 est.)
Import Goods – Fabric, petroleum products, plastics, fertilizer, machinery, transportation equipment, cement, construction materials, crude oil, food products, edible oil.
Main Import Partners – China, Thailand, South Korea, Japan and Singapore.
Petroleum products and crude oil
Cement and construction materials
Food products and edible oil
GDP (USD BILLION)
4. DATA ANALYSIS
MYANMAR and ASEAN
FDI – MYANMAR and ASEAN
CRUDE OIL PRODUCTION AND CONSUMPTION
NATURAL GAS PRODUCTION AND CONSUMPTION
HYDROELECTRIC POWER PRODUCTION AND CONSUMPTION
Population by region
FOR DOING BUSINESS IN MYANMAR
INVESTMENT OPPORTUNITIES – Infrastructure Development
Telecommunications infrastructure development
Water supply production
Waste control systems
INVESTMENT OPPORTUNITIES – Production Industry
Hi-tech goods manufacturing
Livestock breeding and fisheries
INVESTMENT OPPORTUNITIES – Service Industry
Logistics and transport
Storage and warehousing
Hotels and tourism
Education and health
Infrastructure supply and support centers
Recreation centers and resorts
Good Customer Service
Efficient Skill Development
Decent Staff Welfare
lion in 2014)
Livestock breeding and fish