MYANMAR

Now Open For Business

#1

country in mainland Southeast Asia by land mass with one of the lowest population densities

ABOUT

Formerly a military dictatorship that was closed off to most of the world, Myanmar underwent a dramatic transition several years ago and now has its door open for business. Still mostly agrarian and lacking basic infrastructure almost everywhere, Myanmar ranks as one of the world’s least developed countries. Rich natural resource stores, a large population and a strategic location between China and India make the country an exciting new frontier for intrepid businesses.

QUICK FACTS

Population 53.9 million
GDP $64.6 billion
GDP growth 8.5%
52%

of the population has access to electricity

PROS CONS

+ Resource rich

+ Strategic location

+ Untapped agricultural potential

– Inconsistent regulatory framework

– Low administrative capabilities

– Underdeveloped banking sector

TOP EXPORTS

Mineral products

Textiles and garment

Vegetable products

Precious stones

Wood and wood products

Fish and seafood products

MYANMAR INSIGHTS