Myanmar is bordered by the Bay of Bengal and the Andaman Sea. It shares borders with Bangladesh, China, India, Laos, and Thailand. The country has a strategic position near important Indian Ocean shipping lanes. Myanmar's economy is complex, combining elements of traditional and command economic systems.
32.3%
Urban population (2023)
67.7%
Rural population (2023)
49.7%
Male (2023)
50.3%
Female (2023)
11%
Baby boomer (2023)
19%
Gen X (2023)
25%
Gen Y (2023)
26%
Gen Z (2023)
55.46%
Participation rate (2023)
97.16%
Employment rate (2023)
70%
Labour force at SMEs (2016)
21.3%
High-skilled labour ratio (2017)
US$ 101
Monthly average income (2022)
50%
Turnover rate/year (2022)
45.5%
Employment in Agriculture (2022)
18.8%
Employment in Industry (2022)
35.7%
Employment in Services (2022)
Economic profile
The 88th largest economy of the world
US$ 64.5B
GDP (2023)
US$ 1190
GDP per capita (2023)
US$ 6.1B
Digital Commerce transaction value (2024P)
US$ 1.8B
Telecom Service market size (2023)
99.5%
Percentage of SMEs (2019)
US$ 213.8M
Total capital raised in the VC market (2024P)
The 7th-largest economy in Southeast Asia
FDI inflows
Myanmar attracted nearly 661.6M dollars in foreign direct investment in 2023-2024 fiscal year
Export turnovers
Exports of Myanmar reached US$ 12.48 billion in 2023-2024 fiscal year
GDP, by industry
Manufacturing contributed the most to the GDP of Myanmar in 2022
US$ 661.6M
Foreign investment (2024)
Power
56.6%
Manufacturing
22.9%
Transport & Communication
11.8%
Livestock & Fisheries
3.5%
Services
3.2%
US$ 12.48B
Export turnovers (2024)
Top sectors
Manufacturing goods
62.7%
Agricultural products
23.4%
Other products
6.7%
Marine products
4.8%
Minerals
1.9%
US$ 61.77B
GDP, by industry (2022)
Top industries
Manufacturing
25.4%
Agriculture, forestry and fishing
22.6%
Wholesale and retail trade; repair of motor vehicles and motorcycles
20.9%
Transportation and storage
10%
Construction
6%
Doing business in Myanmar
Opportunities & challenges
Opportunities
• Abundant commodities and hydroelectricity
• Strong potential in the agriculture, tourism, and apparel sectors
• Low-cost and young workforce available
• Proximity to strong economies
Looking to expand in Myanmar?
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