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The Economy of Myanmar

Myanmar at a Glance

Myanmar is a resource-rich Southeast Asian country of over 50 million people whose economy has been shaped by decades of military rule, sanctions, brief reform and the 2021 coup.

Myanmar, formerly Burma, borders India, Bangladesh, China, Laos and Thailand, and has rich reserves of gas, gems, timber and farmland.

Strengths

Fertile land, natural gas, minerals, a young population and a strategic location.

Weaknesses

Political conflict, weak institutions and isolation from global finance.

Result

It remains one of Southeast Asia’s poorest economies despite its resources.

A rich land, poor people

The country exports gas and gems yet many households lack electricity.

Assuming resources guarantee prosperity

Governance and peace matter.

Key takeaways
  • Myanmar has many resources.
  • It is among the poorest in the region.
  • Conflict and rule shaped it.
  • Isolation has held it back.
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