Myanmar is rich in natural resources, the government has pursued market-oriented economic policies, including the development of private enterprises and the attraction foreign investment. Myanmar is a cultural destination with its rich cultural heritage for environmental tourists. There are many opportunities for investment in developing tourism and hotels.
Key economic indicators and statistics for 2007:
■ GDP: $ 16.3 billion (2007 Economist Intelligence Unit “EIU “ estimate).
■ GDP per capital: $334 (2007 EIU estimate).
■ Annual growth rate: 3.4% (2007 EIU estimate); the regime claimed the 2006-2007 rate was 13.9%.
■ Inflation rate: 40% (2007 IMF estimate).
(Source: U.S. Department of State )
Area: 678,500 sq. km.
Population: 48.8 million (IMF, 2007).Natural resources: natural gas, timber, tin, antimony, zinc, copper, tungsten, lead, coal, limestone, precious stones, hydropower, marine products, and petroleum.
Agriculture: Products--rice, pulses, beans, sesame, peanuts, sugarcane, hardwood.
Industries: Types--natural gas, agricultural processing, knit and woven apparel, wood and wooden products, cement, paper, cotton, cotton yarn, sugar, copper, tin, tungsten, iron, construction materials, pharmaceuticals, and fertilizer