Monday, 20 June 2011

Economy of Burma

Economy of Burma
Rank 86th
Currency kyat (MMK)
Fiscal year 1 April - 31 March
Trade organisations WTO, ASEAN, BIMSTEC
GDP $71.772 billion (PPP; IMF 2010 est.)
GDP growth 1.8% (2009 est.)
GDP per capita $1,197 (2010 est.)
GDP by sector agriculture: 42.9%, industry: 19.8%, services: 37.3% (2009 est.)
Inflation (CPI) 7.7% (2009 est.)
below poverty line
32.7% (2009 est.)
Labour force 30.85 million (2009 est.)
Labour force
by occupation
agriculture: 70%, industry: 7%, services: 23% (2001)
Unemployment 4.9% (2009 est.)
Main industries agricultural processing; wood and wood products; copper, tin, tungsten, iron; cement, construction materials; pharmaceuticals; fertilizer; oil and natural gas; garments, jade and gems
Exports $6.504 billion (2009 est.)
note: official export figures are grossly underestimated due to the value of timber, gems, narcotics, rice, and other products smuggled to Thailand, China, and Bangladesh (2009)
Export goods natural gas, wood products, pulses, beans, fish, rice, clothing, jade and gems
Main export partners Thailand 52%, India 12.3%, China 8.8%, Japan 4.3% (2008)
Imports $3.555 billion (2009 est.)
note: import figures are grossly underestimated due to the value of consumer goods, diesel fuel, and other products smuggled in from Thailand, China, Malaysia, and India (2009)
Import goods fabric, petroleum products, plastics, fertilizer, machinery, transport equipment, cement, construction materials, crude oil; food products, edible oil
Main import partners China 31.3%, Thailand 20.8%, Singapore 20.4%, Malaysia 5% (2008)
Public finances
Public debt $7.373 billion (2009 est.)
Revenues $1.142 billion
Expenses $2.354 billion (2009 est.)
Economic aid recipient: $127 million (2001 est.)

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