Myanmar has a population of 0.7 percent of the world’s total population. Myanmar is ranked 26th in terms of population among countries (including dependent territories).
What are the world’s top ten economies?
What are the world’s largest economies? According to the International Monetary Fund, the following countries have the greatest nominal GDP in the world:
What is Myanmar’s data-based ranking from highest to lowest?
Myanmar has a middling performance in the Global Innovation Index. Myanmar is near the bottom of the list of indexed countries, ranking 138th out of 141 countries in the most recent assessment. The previous year, the country was rated 140th. From 2011 to 2013, Myanmar was not included in any of the reports.
Is Myanmar’s economy doing well?
Following a military takeover in 1988, private enterprise from both abroad and within the country was promoted. Myanmar also has a sizable unofficial economy. Teak and diamonds are both officially and illegally exported, while large quantities of consumer products are trafficked into the country.
Is Myanmar wealthy or impoverished?
Myanmar, formerly known as Burma, is a small Southeast Asian country that ranks among Asia’s three poorest nations. The top ten facts regarding poverty in Myanmar are stated in the text below.
Top 10 Facts About Poverty in Myanmar
- According to a research done by the World Bank, more than 32 percent of Myanmar’s population lives in poverty. The national poverty limit was set at 19.4 percent in 2010. In comparison to its neighbor Cambodia, which has a poverty rate of 14.0 percent, Myanmar still has a long way to go in terms of eradicating widespread poverty.
- Between 66 and 70 percent of Myanmar’s population lives in rural areas and subsists mostly on low-tech fishing and farming. This widens the difference between urban and rural areas, with rural poverty being twice as high as urban poor, according to the United Nations. Rather than focusing on agricultural requirements, the government invests mostly in extractive sectors such as gas, oil, and hydroelectric electricity.
- According to data published by the World Health Organization (WHO), Myanmar has the lowest adult life expectancy in the Association of Southeast Asian Nations (ASEAN) region in 2015, at 66.04 years. When men and women are compared, women have a slightly longer average life expectancy of 69 years compared to 65 years for men.
- Myanmar also has the region’s second-highest child mortality rate, with 6.2 out of 100 children dying before their first birthday and more than 7% dying before their fifth. The government spent only 3% of its GDP on health in 2014. In comparison, defense expenditures accounted for 13% of GDP.
- Many people in the country lack access to basic infrastructure and services, particularly in rural areas. Two-thirds of the population lacks access to power, and there are only 219.8 kilometers of road per 1000 square kilometers. Poverty cannot be eradicated in Myanmar if a major percentage of the population has access to simple technology for conducting transactions and obtaining transportation.
- Myanmar has generally succeeded in controlling the AIDS pandemic among the working population. According to the United Nations, there are presently less than 1% of people afflicted. The Ministry of Health and Sports released their latest five-year HIV plan, dubbed “90-90-90,” on May 17, 2017. Its goal is for 90% of HIV-positive people to be aware of their status, 90% of those who are aware of their status to receive treatment, and 90% of those living with HIV to have suppressed viral levels.
- Around 1.2 million individuals in rural regions now have new or improved access to power thanks to the World Bank’s National Electrification Project. This will effect 140,000 homes in Myanmar and will introduce community-based solar electricity systems to tackle poverty.
- Since 1995, the prevalence of tuberculosis (TB) has declined considerably, and the objective of lowering TB mortality rates below 50%, established in 1990, was met by 2010. Between 1990 and 2011, the death rate from tuberculosis dropped by more than 40%.
- According to the World Bank, Myanmar’s poverty rate has decreased from 44.5 percent in 2004 to 26.1 percent in 2015. Both rural and urban poverty have been declining, however urban poverty has been declining at a quicker rate. Motorcycle purchases by consumers climbed to over 42% of households in 2015, up from 10% in 2009. This indicates that consumers have more discretionary income.
- The government has stated that it intends to spend more money on education, with spending rising from $251.8 million in 2013 to $1.2 billion in 2017. The administration also intends to use a 5% levy on mobile phones for educational purposes, which will allow the government to hire more instructors and expand access to free education.
To summarize, while Myanmar has achieved tremendous progress in the fight against poverty, it still has a long way to go before reaching parity with other industrialized and developing countries in the region.
What is Myanmar’s position from lowest to highest?
Myanmar is ranked 95th out of 107 countries in the 2018 Henley Passport Index, the lowest among ASEAN countries, owing to a lack of economic freedom.
Myanmar’s major source of revenue is…
The sale of natural gas to Thailand has been the Myanmar government’s main source of revenue in recent years. Taxes on domestic and international trade have also been a significant source of revenue.
What will Myanmar’s GDP be in 2021?
According to Trading Economics global macro models and analysts, Myanmar’s GDP is anticipated to reach 75.80 USD billion by the end of 2021. According to our econometric models, Myanmar’s GDP will trend at 76.30 USD billion in 2022.