Country Name: Myanmar (Republic of the Union of Myanmar)

Capital: Nay Pyi Taw

Government Type: democracy

Background: Burma was a province of British India until 1937 and then a self-governing colony until it gained independence from Britain in 1948.

Continent: Asia

Population: 57,970,293 (2023 est.)

Ethnic Groups: Burman (Bamar) 68%, Shan 9%, Karen 7%, Rakhine 4%, Chinese 3%, Indian 2%, Mon 2%, other 5%

Languages: Burmese (official)

Religions: Buddhist 87.9%, Christian 6.2%, Muslim 4.3%, Animist 0.8%, Hindu 0.5%, other 0.2%, none 0.1% (2014 est.)

Currency: Myanmar Kyat (MMK)

Reserves of Foreign Exchange & Gold: $7.67 billion (2020 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars

Real GDP (Purchasing Power Parity): $230.255 billion (2022 est.) note: data in 2017 dollars

Real GDP Growth Rate: 4.04% (2022 est.) note: annual GDP % growth based on constant local currency

Real GDP per Capita: $4,200 (2022 est.) note: data in 2017 dollars

Exports: 

• $20.4 billion (2021 est.) note: balance of payments - exports of goods and services in current dollars

• Comparison Ranking: 89

Export Commodities: natural gas, clothing products, dried legumes, precious stones, yttrium, scandium, rice, corn (2021)

Export Partners: China 34%, Thailand 14%, Germany 6%, Japan 5%, United States 5% (2021)

Imports: 

• $23.1 billion (2021 est.) note: balance of payments - imports of goods and services in current dollars

• Comparison Ranking: 91

Import Commodities: refined petroleum, broadcasting equipment, fabrics, motorcycles, packaged medicines (2019)

Import Partners: China 43%, Thailand 15%, Singapore 12%, Indonesia 5% (2019)

Natural Resources: petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, marble, limestone, precious stones, natural gas, hydropower, arable land

Agricultural Products: rice, sugar cane, beans, vegetables, milk, maize, poultry, groundnuts, fruit, plantains

Industries: agricultural processing; wood and wood products; copper, tin, tungsten, iron; cement, construction materials; pharmaceuticals; fertilizer; oil and natural gas; garments; jade and gems

Industrial Production Growth Rate: 

• 8.02% (2022 est.) note: annual % change in industrial value added based on constant local currency

• Comparison Ranking: 28

Labor Force: 22.527 million (2022 est.) note: number of people ages 15 or older who are employed or seeking work

Unemployment Rate: 2.96% (2022 est.) note: % of labor force seeking employment

Natural Hazards: Geography:

• Total: 676,578 sq km

• Land: 653,508 sq km

• Water: 23,070 sq km

(Country Summary, The World Factbook, CIA.gov)

LEGAL, FINANCIAL, & TAX ADVICE DISCLAIMER: The information on SportsLifeMoney’s™ (“SLM”) websites, podcast network, videos, social media accounts, and other platforms (collectively, “SLM Platforms”) is strictly and solely provided for educational and informational purposes only. All of the information and materials on the aforementioned SLM Platforms do not constitute and are not intended to provide legal, financial, accounting, or tax advice, and should not be relied on in that respect. SLM recommends that you consult with an attorney, certified financial advisor, or licensed accountant to answer any legal, financial, or tax questions you may have. SLM also recommends that you consult with an attorney, certified financial advisor, or licensed accountant before making any legal, financial, or tax-related decisions based on content and/or subject matter included and/or discussed on any of the SLM Platforms. Before you act or rely on any information you have heard, read, viewed, and/or listened to on any of the SLM Platforms or communication mediums, SLM recommends that you confirm any and all facts that are important to your decision and that you subsequently consult with an appropriate professional (e.g., attorney, certified financial advisor, certified accountant, etc.) and have them review these facts and also confirm their validity. CAUTION: IF YOU RELY ON ANY INFORMATION, CONTENT, PRODUCT, OR SERVICE FROM ANY OF THE SLM PLATFORMS, YOU DO SO AT YOUR OWN RISK. YOU UNDERSTAND THAT YOU ARE SOLELY RESPONSIBLE FOR ANY AND ALL DAMAGES OR LOSS THAT YOU MAY INCUR THAT RESULTS FROM YOUR USE AND/OR RELIANCE OF ANY OF THE SLM PLATFORMS OR ANY OF THE CONTENT OR MATERIAL OTHERWISE PROVIDED ON ANY OF THESE SLM PLATFORMS. SLM AND ANY AND ALL OF ITS AFFILIATES MAKE NO IMPLIED OR EXPRESS REPRESENTATIONS OR IMPLIED OR EXPRESS WARRANTIES OF ANY KIND REGARDING ANY AND ALL INFORMATION ON ANY OF THE SLM PLATFORMS OR SLM’S AFFILIATE PLATFORMS. SLM AND ITS AFFILIATES WILL NOT BE HELD LIABLE FOR ANY DAMAGES. By continuing to use any of the SLM Platforms, you acknowledge and agree to the aforementioned terms and conditions of this disclaimer and any and all other legally binding terms and conditions set forth in SLM’s Privacy Policy, Terms & Conditions, and other legally binding agreements.