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Country | Burma |
Currency | kyat (MMK) |
Year | 1 April - 31 March |
Organs | WTO, ASEAN, BIMSTEC |
Rank | 86th |
Gdp | $71.772 billion (PPP; IMF 2010 est.) |
Growth | 1.8% (2009 est.) |
Per Capita | $1,197 (2010 est.) |
Sectors | agriculture: 42.9%, industry: 19.8%, services: 37.3% (2009 est.) |
Inflation | 7.7% (2009 est.) |
Poverty | 32.7% (2009 est.) |
Labor | 30.85 million (2009 est.) |
Occupations | agriculture: 70%, industry: 7%, services: 23% (2001) |
Unemployment | 4.9% (2009 est.) |
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 |
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 |
Import-partners | China 31.3%, Thailand 20.8%, Singapore 20.4%, Malaysia 5% (2008) |
Debt | $7.373 billion (2009 est.) |
Revenue | $1.142 billion |
Expenses | $2.354 billion (2009 est.) |
Aid | recipient: $127 million (2001 est.) |
Cianame | bm |
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The Economy of Burma (Myanmar) is one of the least developed in the world, suffering from decades of stagnation, mismanagement, and isolation. Burma’s GDP grows at an average rate of 2.9% annually making it the country with the lowest rate of economic growth in the Greater Mekong Subregion.
The current state of the Burmese economy has also had a significant impact on the demographics of Burma, as economic hardship results in extreme delays of marriage and family building. The average age of marriage in Burma is 27.5 for men, 26.4 for women, almost unparalleled in the region, with the exception of developed countries like Singapore. Burma also has a low fertility rate, of 2.07 children per woman (2010), especially as compared to other Southeast Asian countries of similar economic standing, like Cambodia (3.18) and Laos (4.41), representing a significant decline from 4.7 in 1983, despite the absence of a national population policy. This is at least partly attributed to the economic strain that additional children place on the family income, and has resulted in the prevalence of illegal abortions in the country, as well as use of other forms of birth control.
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