Union of Myanmar
Rich in natural resources but classified by the UN as one of the world’s 49 Least Developed Countries (LDC), Myanmar’s economy has largely stagnated since 1997 due to poor macroeconomic management.
Despite the liberalisation of the early 1990s, there are now significant barriers to private enterprise. Natural gas accounts for about 30 percent of total exports, with further growth expected and energy demand increasing from neighbouring countries, India, China and Thailand.
Lack of progress in establishing democratic governance process in Myanmar precludes a close bilateral relationship with New Zealand. Nonetheless, regular contact is made in the context of ASEAN. New Zealand does not have trade sanctions against Myanmar but the level of trade has traditionally been limited. Exports to Myanmar are small and fluctuate from year to year.
Country Profile
| Constitutional |
Military Junta |
| Capital |
Rangoon (Yangon) |
| Big Cities |
Mandalay, Mandalay, Mawlamyine |
| Head of State |
Sr. Gen. THAN SHWE
Prime Minister, Lt. Gen THEIN SEIN
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| Population |
48,137,741 |
| GDP |
US$27.18 billion (2008 est.) |
| GDP per capita |
US$1,200 (2008 est.) |
| Total Export Trade |
US$6.348 billion (2008 est.) |
| Main Exports |
natural gas, wood products, food |
| Total Import Trade |
US$3.427 billion (2008 est.) |
| Main Imports |
Fabric, petroleum products, fertilizer, plastics |
| Export Trade with NZ |
NZ$3 million (2008) |
| Main export to NZ |
Wood |
| Import Trade from NZ |
NZ$8 million (2008) |
| Main Imports from NZ |
Dairy |
| Total FDI |
USD714.8 (2008 est.) |
| FDI from NZ |
N/A |
| Total Investment in NZ |
N/A |
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Trade agreement(s) with NZ
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Latest Currency Converter (Currency Kyat)
Tariff Finder
NZ Government Travel Advice
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Useful Links
References
Reports on Myanmar:
Click here to see the Myanmar Status from Denis Win Thein
Click here to view the Myanmar Story
Click here to view the Trade Mission report
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