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Myanmar has been renamed from Burma, a resource-rich country and suffers from pervasive government controls, inefficient economic policies, and rural poverty. Despite Burma's emergence as a natural gas exporter, socio-economic conditions have deteriorated under the regime's mismanagement, leaving most of the public in poverty, while military leaders and their business cronies exploit the country's ample natural resources. The economy suffers from serious macroeconomic imbalances - including rising inflation, fiscal deficits, multiple official exchange rates that overvalue the Burmese kyat, a distorted interest ra...  More..

Economy of Myanmar
SOURCE: CIA - The World Factbook
Currency Kyat
GDP (PPP) $56.92 billion (2009 est.)
GDP (per capita) $1,100 (2009 est.)
Exports $6.504 billion (2009 est.)
Imports $3.555 billion (2009 est.)
Main Industries Agricultural Processing; Wood and Wood Products; Copper, Tin, Tungsten, Iron; Cement, Construction Materials; Pharmaceuticals; Fertilizer; Oil and Natural Gas; Garments, Jade and Gems
Exports - Commodities Natural Gas, Wood Products, Pulses, Beans, Fish, Rice, Clothing, Jade and Gems
Imports - Commodities Fabric, Petroleum Products, Fertilizer, Plastics, Machinery, Transport Equipment; Cement, Construction Materials, Crude Oil; Food Products, Edible Oil
Exports Partners Thailand 52%, India 12.3%, China 8.8%, Japan 4.3% (2008)
Imports Partners China 31.3%, Thailand 20.8%, Singapore 20.4%, Malaysia 5% (2008)

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