Myanmar Country profile

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April 2018

Myanmar’s journey to democracy following 49 years of military rule is proceeding well. Openly contested elections in November 2015 ushered in the transfer of power to the National League for Democracy (NDL) led by Aung San Suu Kyi. The new government is focused on greater trade and foreign investment and sustaining the strong growth of the last decade. But the army maintains a heavy presence in both government and business. Myanmar lags most of Asia on incomes per capita, creditworthiness and ease of doing business.

Figure
This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars for 2018 as provided by the IMF. Annual GDP growth is for 2018. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.