Myanmar

Official Name: The Republic of the Union of Myanmar
Sovereign Status: Sovereign Country
Government Type: Parliamentary Republic
Official Name (Local Language): Pyidaungzu Myanma Naingngandaw
ISO Country Codes: MM : MMR
Internet Domain: .mm
Government Web Site: https://myanmar.gov.mm/government-website
Capital: Naypyidaw Main Airports: Nay Pyi Taw International Airport, Yangon International Airport
Language(s): Burmese Population: 57,526,449
Currency: Myanmar Kyat ISO Currency Code: MMK
Telephone Dial In: +95 ID Prefix: 00



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Myanmar

Government Website: https://myanmar.gov.mm/government-website
Central Bank: Central Bank of Myanmar
Currency USD Exchange Rate: 1,361.9 kyats (MMK) per US dollar (2017 est.)
Unemployment Rate: 4% (2017 est.)
Population below poverty line: 24.8% (2017 est.)
Inflation Rate: 8.8% (2019 est.)
Prime Lending Rate: 16% (2019 - World Bank)
GDP: $216.948 billion (2021 est.)
GDP Pro Capita (PPP): $4,000 (2021 est.)
Currency Name: Myanmar Kyat
Currency Code: MMK
World Bank Classification: Lower-Middle Income Economy

GDP Composition:

Agriculture: 26.3% rice, pulses, beans, sesame, groundnuts; sugarcane; fish and fish products; hardwood
Industry: 27.5% agricultural processing; wood and wood products; copper, tin, tungsten, iron; cement, construction materials; pharmaceuticals; fertilizer; oil and natural gas; garments; jade and gems
Services: 46.2%

Source: Central Intelligence Agency Factbook




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Myanmar


Subject to Country Specific Sanctions? EU

The World Bank’s World Integrated Trade Solution

Business Language(s): Burmese; English
Customs & Excise: Internal Revenue Department
Development Bank(s): Asian Development Bank; Asian Infrastructure Investment Bank;
National Standards Bureau: National Standards and Quality Department
Competitive Ind’l Performance: N/A Corruption Perceptions Index: 157/180 (2022 Rank)
Ease of Doing Business: N/A Enabling Trade Index: N/A
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