The Report: Myanmar 2015

The country’s location within the region and population of more than 50m will help it achieve growth, with international analysts predicting Myanmar’s economy to be worth up to $200bn by 2030. With elections set to take place in late 2015, the world is eagerly watching to see how things will unfold. After spending decades as one of the most isolated and least-developed countries in Asia, Myanmar is emerging as one of the world’s fastest-growing economies. Agriculture, manufacturing and mining are some of Myanmar’s top contributors to GDP, which was forecast to reach 8.5% in FY2014/15 and FY2015/16. While foreign investment is accelerating, there are ways in which it remains blocked. As the country continues to reintegrate with the global economy, continued reforms as well as the opening of more economic sectors to foreign investors will help unlock the country’s potential.