ovides employment for 65% of the work
force. Burma has been largely isolated from international economic forces
and has been trying to encourage foreign investment, so far with little
success.
National product:
GDP - exchange rate conversion - $28 billion (1992)
National product real growth rate:
1.3% (1992)
National product per capita:
$660 (1992)
Inflation rate (consumer prices):
50% (1992)
Unemployment rate:
9.6% (FY89 est.) in urban areas
Budget:
revenues $8.1 billion; expenditures $11.6 billion, including capital
expenditures of $NA (1992)
Exports:
$535.1 million (FY92)
commodities:
teak, rice, oilseed, metals, rubber, gems
partners:
China, India, Thailand, Singapore
Imports:
$907.0 million (FY92)
commodities:
machinery, transport equipment, chemicals, food products
partners:
Japan, China, Singapore
External debt:
$4 billion (1992)
Industrial production:
growth rate 2.6% (FY90 est.); accounts for 10% of GDP
Electricity:
1,100,000 kW capacity; 2,800 million kWh produced, 65 kWh per capita (1992)
Industries:
agricultural processing; textiles and footwear; wood and wood products;
petroleum refining; mining of copper, tin, tungsten, iron; construction
materials; pharmaceuticals; fertilizer
Agriculture:
accounts for 40% of GDP (including fish and forestry); self-sufficient in
food; principal crops - paddy rice, corn, oilseed, sugarcane, pulses;
world's largest stand of hardwood trees; rice and teak account for 55% of
export revenues
Illicit drugs:
world's largest illicit producer of opium poppy and minor producer of
cannabis for the international drug trade; opium production has nearly
doubled since the collapse of Rangoon's antinarcotic programs

*Burma, Economy

Economic aid:
US commitments, including Ex-Im (FY70-89), $158 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $3.9 billion;
Communist countries (1970-89), $424 million
Currency:
1 kyat (K) = 100 pyas
Exchange rates: kyats (K) per US$1 - 6.0963 (January 1992), 6.2837 (1991), 6.3386 (1990),
6.7049 (1989), 6.46 (1988), 6.6535 (1987); unofficial - 105
Fiscal year:
1 April - 31 March

*Burma, Communications

Railroads:
3,991 km total, all government owned; 3,878 km 1.000-meter gauge, 113 km
narrow-gauge industrial lines; 362 km double track
Highways:
27,000 km total; 3,200 km bituminous, 17,700 km improved earth or grave