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Burma



About Burma

Burma (also known as Myanmar) is an emerging economy with a nominal GDP of $66.324 billion dollars in 2016 and an estimated purchasing power adjusted GDP of $334.85 billion dollars in 2016.As of 2016, Burma’s economy has undergone notable changes. Economic sanctions have been eased or lifted, and the government has launched reforms to modernize the economic system. A new banking and finance law that lays the foundations for more efficient licensing of financial institutions has been ratified.

 Myanmar ranks 145 out of 188 countries in human development, according to the Human Development Index. Burma is the 78th largest export economy in the world. In 2015, Burma exported $12.4B and imported $21.4B.

Burma is a resource-rich country in jade and gems, oil, natural gas and other mineral resources. 90% of the world's rubies come from Myanmar.

Burma railway is 5,031 kilometers in total and have plans to build a railroad from the mountain town which would connect with the Chinese rail system. Burma roadways is 34,377 kilometers in total and have 74 airports.

Burma has begun an economic overhaul aimed at attracting foreign investment and reintegrating into the global economy