Structural vulnerabilities weigh on the outlook

D4

HIGH RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD 76.19bn (World ranking 70, World Bank 2020)
Population 54.41mn (World ranking 26, World Bank 2020)
Form of state Parliamentary Republic
Head of government Min Aung Hlaing (Prime Minister)
Next elections 2023
  • 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, 2020)

Exports Rank Imports
China 31.8%
1
36.3% China
Thailand 17.8%
2
13.7% Singapore
Japan 7.3%
3
10.7% Thailand
United States 5.1%
4
6.0% Indonesia
Singapore 4.1%
5
5.6% Malaysia

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Articles of apparel & clothing accessories 27.3%
1
14.0% Petroleum, petroleum products and relaxed materials
Gas, natural and manufactured 19.9%
2
9.8% Textile yarn and related products
Vegetables and fruits 11.5%
3
8.2% Iron and steel
Cereals and cereal preparations 6.9%
4
5.9% Road vehicles
Non-ferrous metals 5.8%
5
5.4% Specialised machinery
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