ng with inadequate infrastructure, unpredictable
import/export policies, deteriorating health and education systems,
and corruption. A major banking crisis in 2003 shuttered the
country's 20 private banks and disrupted the economy. As of 2006,
the largest private banks operate under tight restrictions limiting
the private sector's access to formal credit. Official statistics
are inaccurate. Published statistics on foreign trade are greatly
understated because of the size of the black market and unofficial
border trade - often estimated to be as large as the official
economy. Burma's trade with Thailand, China, and India is rising.
Though the Burmese government has good economic relations with its
neighbors, better investment and business climates and an improved
political situation are needed to promote foreign investment,
exports, and tourism.
GDP (purchasing power parity):
$83.84 billion (2006 est.)
GDP (official exchange rate):
$7.845 billion (2006 est.)
GDP - real growth rate:
2.6% (2006 est.)
GDP - per capita (PPP):
$1,800 (2006 est.)
GDP - composition by sector:
agriculture: 54.7%
industry: 10.6%
services: 34.7% (2006 est.)
Labor force:
28.49 million (2006 est.)
Labor force - by occupation:
agriculture: 70%
industry: 7%
services: 23% (2001 est.)
Unemployment rate:
10.2% (2006 est.)
Population below poverty line:
25% (2000 est.)
Household income or consumption by percentage share:
lowest 10%: 2.8%
highest 10%: 32.4% (1998)
Inflation rate (consumer prices):
21.4% (2006 est.)
Investment (gross fixed):
11.8% of GDP (2006 est.)
Budget:
revenues: $494.1 million
expenditures: $947.3 million; including capital expenditures of NA
(2006 est.)
Agriculture - products:
rice, pulses, beans, sesame, groundnuts, sugarcane; hardwood; fish
and fish products
Industries:
agricultural processing; knit and woven apparel; wood and wood
products; copper, tin, tungsten, iron; construction materials;
pharmaceuticals; fertilizer; cement; natural gas
Industrial production growth rate:
NA%
Electricity - production:
6.31 billion kWh (2004)
Electricity - production by source:
fossil fuel: 44.5%
hydro: 43.4%
nuclear: 0%
other: 12.1% (2002)
Electricity - consumption:
5.869 billion kWh (2004)
Electricity - exports:
0 kWh (2004)
Electricity - imports:
0 kWh (2004)
Oil - production:
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