Capital: Nay Pyi Taw, GDP growth (annual %) 2016 : 6.5 %
Key Facts

Official name: Republic of the Union of Myanmar (previously Union of Myanmar; Union of Burma )
Population: 50.5 million (UN, 2010)
Largest city: Rangoon (Yangon)
Area: 676,552 sq km (261,218 sq miles)
Major languages: Burmese, indigenous ethnic languages
Major religions: Buddhism, Christianity, Islam
Life expectancy: 64 years (men), 68 years (women) (UN)
Monetary unit: 1 kyat = 100 pyas
Main exports: Teak, pulses and beans, prawns, fish, rice, opiates, oil and gas
GNI per capita: n/a
Internet domain: .mm
International dialling code: +95


  • Climate change laws around the world


    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Asia Economic Roundup: July 2016


    Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.

    Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.

  • Towards A Transboundary Haze-Free ASEAN By 2020: Prevention And Collaboration


    To sustain the efforts of a transboundary haze-free ASEAN, it is significant to remain vigilant and be prepared early enough to prevent any occurrence of fires. This calls for better early warning systems and swift deployment of fire-fighting resources even before the fires starts.

  • Myanmar Year in Review 2014


    A surge in foreign investment , together with solid domestic request, helped Myanmar achieve a strong increase in 2014. However, the year as well brought challenges, which contributed to a widening in the trade deficit as the country relies heavily on imports to support skyrocketing domestic request.

    Official increase forecasts for the 2014/2015 fiscal year stand at 9.1%, slightly higher than the IMF and the World Bank estimates of 8.5%, with FDI for the same period on course to rise 70% year-on-year.

  • Adjusting for growth in the financial sector in Myanmar


    Authorities in Myanmar are determined to foster economic evolution and have placed financial inclusion on their inventory of priorities. In an attempt to tackle request for increased financial services, Myanmar has taken numerous steps in the completed 24 months, such as the adoption of a floating currency, liberalisation of the insurance industry and the independence of the Central Bank of Myanmar (CBM). Following these adjustments, 2014 is set to see the CBM grant operating licences to foreign banks, while 2015 has been set as the target date for the establishment of the Yangon Stock Exchange.

  • Myanmar’s development in 2013,


    The confused usage of ‘Myanmar’ and ‘Burma’ helps to portray some of the uncertainty surrounding Myanmar’s development in 2013, and was most obviously on display during the visits of President Thein Sein and Daw Aung San Suu Kyi to Australia at the beginning and end of the year.