Population: 54.41 million (World Bank, 2020)
Monetary unit: The Kyat
Main Exports: Natural gas, wood products, pulses, beans, fish, rice, clothing, jade and gems
GNI per capita: US $1,310 (World Bank, 2018)
ODA received: $3.9 billion (World Bank, 2013)
Human Development Index ranking: 147 out of 189 (UNDP, 2017)
Estimated GDP growth: 6.8% (World Bank, 2019)
A Land of Opportunity
Myanmar is one of Asia’s last untapped markets. With a population of 54 million, largely cut from consumption for decades, and world-class natural resources, the country shines as an attractive destination for business.
The elections in 2015 brought increased international attention to Myanmar. The easing of sanctions and the adoption of new laws and regulations to improve the business environment, and facilitate investment in particular, have increased the volume and scope of international investment and aid entering the country.
Still, Myanmar remains one of the least developed and poorest countries in the world. The peace process is in continuous progress since 2011, but a nationwide ceasefire remains elusive, with armed conflicts still happening in various locations.