Economy of Burma
Economy of Burma
Currency
kyat (MMK)
Fiscal year
1 April - 31 March
Trade
organisations
WTO, ASEAN
Statistics
GDP
$85.2 billion (2006 est.)
GDP growth
3% (2006 est.)
GDP per capita $1,800 (2006 est.)
GDP by sector
agriculture: 50%, industry:
15%, services: 35% (2006
est.)
Inflation (CPI)
21.4% (2006 est.)
Population
below poverty
line
25% (2006 est.)
Labour force
28.49 million (2006 est.)
Labour force
by occupation
agriculture: 70%, industry:
7%, services: 23% (2001)
Unemployment 10.2% (2006 est.)
Main
industries
Agricultural Processing,
Textiles and Footwear, Wood
and Wood Products,
Metallurgical
industry(Copper, Tin,
Tungsten, Iron),
Construction Materials,
Pharmaceuticals, Fertilizer
industry
External
Exports
$3.56 billion f.o.b. note:
official export figures are
grossly underestimated due
to the value of timber, gems,
narcotics, rice, and other
products smuggled to
Thailand, China, and
Bangladesh (2006)
Export goods
clothing, gas, wood
products, pulses, beans, fish,
rice
Main export
partners
Thailand 48.4%, India
12.6%, the China 5.2%,
Japan 5.1% (2006)
Imports
$1.98 billion f.o.b. note:
import figures are grossly
underestimated due to the
value of consumer goods,
diesel fuel, and other
products smuggled in from
Thailand, China, Malaysia,
and India (2004)
Import goods
fabric, petroleum products,
plastics, machinery,
transport equipment,
construction materials,
crude oil; food products
Main import
partners
China 33.6%, Thailand
21.2%, Singapore 15.7%,
Malaysia 4.6%, South Korea
4.1% (2006)
Public finances
Public Debt
$7.162 billion (2006 est.)
Revenues
$473.3 million (FY04/05 est.)
Expenses
$716.6 million; including
capital expenditures of $5.7
billion (FY04/05 est.)
Economic aid
recipient: $127 million (2001
est.)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US
dollars
Burma is one of the poorest nations in the
world, suffering from decades of stagnation,
mismanagement, and isolation. Burma’s GDP
grows at an average rate of 2.9% annually –
the lowest rate