Myanmar is the second largest country in Southeast Asia. It shares borders with Thailand, Laos, China, India and Bangladesh, and has a coastline on the Andaman Sea and the Bay of Bengal. The climate is tropical, with monsoonal rains making flooding and landslides common during the rainy season (June to September). The country covers an area of 676,578 km². Myanmar has a population of 55 million people (2021 est.)
For the 2022 estimate, GDP per capita in Myanmar would be USD $4,060.67 in PPP per capita and USD $1,409.70 in nominal per capita. This would make Myanmar the poorest country in Southeast Asia and one of the poorest countries in Asia.
Buddhists constitute 87.9 per cent of the total population of Myanmar, followed by Christians who make up 6.2 per cent, Islam at 4.3 per cent, Animists at 0.8 per cent, Hindus at 0.5 per cent, Other religion at 0.2 per cent and No religion at 0.1 per cent.
The 5 biggest exported goods from Myanmar by value are petroleum gases, unknitted and non-crocheted men's suits or trousers, dried shelled vegetables, unknitted and non-crocheted women's clothing and refined copper. Combined, Myanmar's 5 most valuable exports accounted for 45.8% of the country's overall exports.(Jun 25, 2021)
Agriculture, forestry, and fishing together constitute the largest contributor to Myanmar’s economy. About half of all agricultural land in Myanmar is devoted to rice, and to increase production the government has promoted multiple cropping (sequential cultivation of two or more crops on a single piece of land in a single year), a system that is easily supported by the country’s climate. As a whole, the sector accounts for nearly one-half of the country’s gross domestic product (GDP) and employs about two-thirds of the labour force.
Despite the introduction of banking and trade regulations in the late 1990s, Burma failed to achieve fiscal or monetary stability. Inflation continues to be high. Although poor and undeveloped, Burma is rich in natural resources. Nevertheless, the decline of the agricultural sector, regional economic crises, international sanctions, and shortages of electricity have all contributed to a slowdown in the economy since 1997.
Travelling in beautiful Myanmar, you'll find picturesque the floating gardens of Inle Lake in Scenic Shan State, misty morning in mountain regions, the mighty Irrawaddy River, and Bagan's emerald plains sprinkled with thousands of temples amidst the trees including riding of the basket of a hot air balloons in Mandalay Region and also the historic Gokteik Viaduct in Northern Shan State. In addition to beautiful landscapes, the mysterious Mrauk U in Rakhine States, the Bay of Bengal's unreal sunsets in Tanintharyi Region and many of beautiful and interesting huge Caves in Kayin State, glorious Nay Pyi Taw Capital and many more to explore in Myanmar enjoying Famous Myanmar food such as Mohinga, Nagyithote, Pickeled tea salad, A drink from Palm tree, many kind of delicious Myanmar traditional rice, curries and snacks. Seasonal fresh fruits and vegetables. Therefore I would like to cordially invite to come and visit Myanmar to feel the prettiest of Myanmar saying Myanmar’s greeting “ Min-Ga-Lar-Bar”.
Our SME Program
In Myanmar, MSMEs take place more than 99% of the economic enterprises and play the significant role in the country's economy. As of May 2022, there are about 80,000 MSMEs in Myanmar, most MSMEs carry out in food processing counting more than 57% of total MSMEs, followed by general industrial products and consumer goods. Since MSMEs are the backbone for increasing the country’s productivity, Ministry of Industry (MOI) has been providing MSMEs in terms of finance, technology and market expansion by cooperating with development partners and by participating in regional cooperation like ASEAN and MLC. According to ASEAN Strategic Action Plan (2016-2025), Regional Action Plans were developed in States and Regions incorporated by Central MSME Agency, Department of SME Development under MOI and Regional MSME Agencies. And Department of SME Development has been providing training, seminars and workshops for MSMEs in the areas of digital transformation, marketing, management, technology transfer and so on. In current situation, most MSMEs have been affected by the impacts of the pandemic and still struggling to survive. Considering as a positive impact of the pandemic, the role of digital utilization has become significant as well as the capacity of MSMEs' digital utilization has also increased during the pandemic.