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| Government Type |
military regime |
| Legal System |
has not accepted compulsory ICJ jurisdiction |
| Currency |
kyat (MMK) |
| Economic Overview |
Burma is a resource-rich country that suffers from abject rural poverty. The military regime took steps in the early 1990s to liberalize the economy after decades of failure under the "Burmese Way to Socialism", but those efforts have since stalled. Burma has been unable to achieve monetary or fiscal stability, resulting in an economy that suffers from serious macroeconomic imbalances - including a steep inflation rate and an official exchange rate that overvalues the Burmese kyat by more than 100 times the market rate. In addition, most overseas development assistance ceased after the junta suppressed the democracy movement in 1988 and subsequently ignored the results of the 1990 election. Burma is data poor, and official statistics are often dated and inaccurate. Published estimates of Burma's foreign trade are greatly understated because of the size of the black market and border trade - often estimated to be one to two times the official economy. |
| Natural Resources |
petroleum, timber, tin, antimony, zinc, copper, tungsten, lead, coal, some marble, limestone, precious stones, natural gas, hydropower |
| Primary Industries |
agricultural processing; knit and woven apparel; wood and wood products; copper, tin, tungsten, iron; construction materials; pharmaceuticals; fertilizer |
| Agricultural Products |
rice, pulses, beans, sesame, groundnuts, sugarcane; hardwood; fish and fish products |
| Import Commodities |
machinery, transport equipment, construction materials, crude oil; food products |
| Export Commodities |
gas, wood products, pulses, beans, fish, rice |
| Export Partners |
Thailand 31.8%, US 13.2%, India 7.4%, China 5.0%, Japan 3.7%
note: official trade statistics do not include trade in illicit goods - such as narcotics, teak, and gems (2002) |
| AIRPORTS of Burma |
| Mandalay International Airport |
International, Mandalay 25km (15miles), Position 21°42´03"N, 095°58´38"E, Elevation 100m (328ft),17 Aircraft Stands |
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