MYANMAR (BURMA)

Structural vulnerabilities weigh on the outlook

D4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 71.2bn (World ranking 71, World Bank 2018)
Population 53.7mn (World ranking 26, World Bank 2018)
Form of state Parliamentary Republic
Head of government Aung San Suu Ky (State Counsellor)
Next elections 2020, legislative election
  • Considerable natural resources
  • Robust growth potential
  • After years of sanctions, the country is opening to foreign investments and tourism
  • Strategic location
  • Political risk remains high as the military continues to dominate politics
  • Very weak business environment despite a few reforms implemented recently
  • Ethnic tensions and the Rohingya crisis tarnish the image of Myanmar and could lead to international sanctions
  • The Central Bank’s role is still not clearly defined and its operating framework is weak
  • Macroeconomic policies buffers are poor with weak FX reserves and weak public finances
  • Limited access to information

Trade structure by destination/origin

(% of total)

Exports Rank Imports
China 41%
1
34% China
Thailand 19%
2
14% Singapore
India 9%
3
13% Thailand
Singapore 8%
4
8% Japan
Japan 6%
5
7% India

Trade structure by product

(% of total)

Exports Rank Imports
Gas, natural and manufactured 24%
1
22% Petroleum, petroleum products and relaxed materials
Non metallic mineral manufactures, n.e.s 20%
2
8% Textile yarn and related products
Cork and wood 18%
3
8% Iron and steel
Vegetables and fruits 8%
4
6% Specialised machinery
Fish, crustaceans, molluscs and preparations thereof 7%
5
4% Road vehicles

Contact

Euler Hermes

Economic Research Team

research@eulerhermes.com

Country Risk Analyst:

Mahamoud Islam

     mahamoud.islam@eulerhermes.com

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