Myanmar: Economic Snapshot 2019
29 Jan 2019
The country has been one of the fastest-growing South-east Asian economies for over 25 years, with annual GDP growth remaining above 5.5% since 1992. Although Western sanctions and a military government kept the country isolated for decades, growth was elevated for much of the 1990s and early 2000s, peaking at 13.75% in 2000. Myanmar’s macroeconomic performance saw gains in 2018 as well, with recovery in the agriculture sector, rising oil and gas prices, and strong growth in several manufacturing segments. Efforts to encourage private sector activity have been detailed in a new long-term development agenda, and recent legislative reforms should further bolster business engagement.
Covid-19 Economic Impact Assessments
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×