You are here >1uptravel > International > Asia > Myanmar or Burma



 At a Glance



  History & Culture








 Worth a Visit !!



  Maps & Cities


  Eating Out



  Travel Links

 Country Facts









  Transnational issues


  Myanmar Guide
  Myanmar Maps
  Myanmar Hotels
  Myanmar Flag
  More Myanmar Flags
  Myanmar Geography
  Myanmar Travel Warning

Travel & Tourism . Tourist Guide to the Country

Myanmar Economy

Burma    Economy Top of Page
Economy - overview: Burma has a mixed economy with private activity dominant in agriculture, light industry, and transport, and with substantial state-controlled activity, mainly in energy, heavy industry, and the rice trade. Government policy in the 1990s has aimed at revitalizing the economy after three decades of tight central planning. Private activity markedly increased in the early to mid-1990s, but began to decline in the past several years due to frustrations with the unfriendly business environment and political pressure from western nations. Published estimates of Burma's foreign trade are greatly understated because of the volume of black-market, illicit, and border trade. A major ongoing problem is the failure to achieve monetary and fiscal stability. Burma remains a poor Asian country and living standards for the majority have not improved over the past decade. Short-term growth will continue to be restrained because of poor government planning and minimal foreign investment.
GDP: purchasing power parity - $63.7 billion (2000 est.)
GDP - real growth rate: 4.9% (2000 est.)
GDP - per capita: purchasing power parity - $1,500 (2000 est.)
GDP - composition by sector: agriculture:  42%

industry:  17%

services:  41% (2000 est.)
Population below poverty line: 23% (1997 est.)
Household income or consumption by percentage share: lowest 10%:  2.8%

highest 10%:  32.4% (1998)
Inflation rate (consumer prices): 18% (1999)
Labor force: 19.7 million (FY98/99 est.)
Labor force - by occupation: agriculture 65%, industry 10%, services 25% (1999 est.)
Unemployment rate: 7.1% (official FY97/98 est.)
Budget: revenues:  $7.9 billion

expenditures:  $12.2 billion, including capital expenditures of $5.7 billion (FY96/97)
Industries: agricultural processing; textiles and footwear; wood and wood products; copper, tin, tungsten, iron; construction materials; pharmaceuticals; fertilizer
Industrial production growth rate: NA%
Electricity - production: 4.813 billion kWh (1999)
Electricity - production by source: fossil fuel:  68.56%

hydro:  31.44%

nuclear:  0%

other:  0% (1999)
Electricity - consumption: 4.476 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: paddy rice, corn, oilseed, sugarcane, pulses; hardwood
Exports: $1.3 billion (f.o.b., 1999)
Exports - commodities: apparel 36%, foodstuffs 22%, wood products 21%, precious stones 5% (1999)
Exports - partners: India 13%, Singapore 11%, China 11%, US 8% (1999 est.)

note:  official trade statistics do not include trade in illicit goods - such as narcotics, teak, and gems - or the largely unrecorded border trade with China and Thailand
Imports: $2.5 billion (f.o.b., 1999)
Imports - commodities: machinery, transport equipment, construction materials, food products
Imports - partners: Singapore 28%, Thailand 12%, China 10%, Japan 10%, South Korea 9% (1999 est.)
Debt - external: $6 billion (FY99/00 est.)
Economic aid - recipient: $99 million (FY98/99)
Currency: kyat (MMK)
Currency code: MMK
Exchange rates: kyats per US dollar - official rate - 6.5972 (January 2001), 6.5167 (2000), 6.2858 (1999), 6.3432 (1998), 6.2418 (1997), 5.9176 (1996); kyats per US dollar - black market exchange rate - 435 (yearend 2000)
Fiscal year: 1 April - 31 March


Countryfacts Information Courtesy: CIA Worldbook

Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks


Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions


Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders


World Time ISD Codes Travel Links Link Exchange


Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy