Myanmar FlagMyanmar

Regrets Always Come Later.

 

General


Population: 55,746,253 (2014), 55,167,330 (2013)
Land Area: 678,500 sq km
Natural Resources: Petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, marble, limestone, precious stones, natural gas, hydropower
Capital: Rangoon
Political System: Military Junta
State Leader: Thein Sein (February 4th 2011)
Languages: Burmese, Ethnic languages
Currency: Kyat (MMK)
Major Religions: Buddhist 89%, Christian 4%, Muslim 4%, Animist 1%, Other 2%
Major Ethnicities: Burman 68%, Shan 9%, Karen 7%, Rakhine 4%, Chinese 3%, Indian 2%, Mon 2%, Other 5%
Life Expectancy: 65.94 years (2014), 65.6 years (2013)

Economy


GDP Official Exchange Rate: 59.43 billion (2013), 53.14 billion (2012)
GDP Purchasing Power Parity: 111.1 billion (2013), 90.93 billion (2012)
GDP Per Capita (PPP): 1,700 (2013), 1,400 (2012)
GDP Growth Rate: 6.8% (2013), 6.3% (2012)
GDP Structure: Agriculture 38%, Industry 20.3%, Services 41.7% (2013)
Labour Force By Occupation: Agriculture 70%, Industry 7%, Services 23% (2001)
Industries: Agricultural processing, wood and wood products, copper, tin, tungsten, iron, cement, construction materials, pharmaceuticals, fertilizer, natural gas, garments, jade and gems
Agriculture Products: Rice, pulses, beans, sesame, groundnuts, sugarcane, hardwood; fish and fish products
Human Development Index: 0.524 (150th)(2014), 0.498 (149th)(2013)
Tourism Revenue: 98 million (2004)
Unemployment Rate: 5.2% (2013), 5.4% (2012)

MilitaryMyanmar Map


Army Size: 428 000 (2004)
Budget: 2.1% of GDP (2005)

Current Situation

 

Myanmar or Burma is located in Southeast Asia. Myanmar is bordered by Bangladesh, China, India, Laos and Thailand. Myanmar's economy is very underdeveloped for the region, it was however a thriving economy under British rule, but the socialist policies and strict military control of the government has isolated Myanmar economically. Myanmar has vast natural resources but is unable to exploit this advantage, because of economic restrictions caused by the regime. As long as the government continues its isolation policy the economy will be unable to take-off.

(2014) Democratic reforms have been introduced in Myanmar in recent years however the government still as a lot of work to do in order to reach basic democratic standards. Myanmar's economy continues to grow at a high rate, however its citizens remain deeply impoverished and the government continues to own and control most sectors of the economy.

Thoughts & Comments

 

Sources

CIA World Factbook: Myanmar
Wikipedia: Myanmar
http://hdrstats.undp.org/en/countries/profiles/MMR.html

Updated on: July 11th, 2013