The economy of Myanmar has a nominal GDP of USD $76.09 billion in 2019 and an estimated purchasing power adjusted GDP of USD $327.629 billion in 2017 according to World Bank. For the 2020 estimate, GDP per capita in Myanmar will be USD $5142.20 in PPP per capita and USD $1,608.50 in nominal per capita.

Burma now has a mixed economy with a private, state, and a joint private-state sector. Agriculture, light industries, and other businesses are in the private sector . Heavy industries that require huge capital investment are in the state sector.

The economy of Burma is currently mixed. The private sector dominates in agriculture, light industry, and transport activities, while the military government controls mainly energy, heavy industry, and rice trade.

Burma has a complex economic system combing both traditional and command economic systems. Many citizens engage in subsistence agriculture; however, the central government has a strong influence. Burma is a member of the Association of Southeast Asian Nations (ASEAN).

Myanmar is Asia’s seventh-poorest country. Myanmar’s per capita GDP is $1,207, just above Cambodia’s. About 26% of the population lives in poverty, and poverty is twice as high in rural areas, where about 70% of the population lives.

The Myanmar government’s main source of revenue in recent years has been the export of natural gas to Thailand. Another major source has been taxes on domestic and international trade.

Like most countries of the world, Burma has extremes of wealth and poverty. Once prosperous, Burma was, in 2001, one of the poorest countries of the world. Most people live in the 40,000-odd villages of the country, while the majority of the urban population resides in the capital city of Rangoon.

Bangladesh with a GDP of $274B ranked the 44th largest economy in the world, while Myanmar ranked 71st with $71.2B. By GDP 5-years average growth and GDP per capita, Bangladesh and Myanmar ranked 10th vs 13th and 155th vs 164th, respectively.

Myanmar, the official name of the Southeast Asian nation commonly known as Burma is a must-visit destination for travelers who like beaches and Buddha. This beautiful country is dotted with thousands of Buddhist temples. Besides, it has serene white beaches along the Andaman Sea and the Bay of Bengal.

The Burmese borders are particularly hazardous places for both terrorist and army activity. The borders with China and Laos are particularly dangerous due to drug trafficking and rebel groups, and people are cautioned not to travel near them.

Rice noodles served in a hearty, herbal fish-and shallot-based broth, mohinga is often called Myanmar’s national dish. Myanmar’s unofficial national dish is mohinga — fine, round rice noodles served in a hearty, herbal fish-and shallot-based broth, often supplemented with the crunchy pith of the banana tree.

Natural beauty. Myanmar really is one incredibly good-looking country. Paradise beaches with perfect water and white sand, misty mountains, tangled jungles, majestic Inle Lake, the wide Irrawaddy River, the rugged highlands, the lush lowlands – Myanmar’s stunning landscapes are truly breathtaking.

Myanmar is a massive country with a relatively small population. There are miles upon miles of untouched landscapes — soaring mountains, pristine beaches and meandering waterways. Even in the big cities, like Mandalay, it is only a short distance from the busy downtown streets to the rice paddies and countryside.

Nestled on the edge of Southeast Asia, Myanmar is a beautiful, vast country full of rich tradition, delicious food and gorgeous natural sights. Visitors from all walks of life can find reasons to visit and fall in love with this wondrous ancient land.

Myanmar costs on average of $35 per day, including food and drink.

A single person estimated monthly costs are 482$ without rent. Cost of living in Myanmar is, on average, 48.92% lower than in United States….Cost of Living in Myanmar.

Cost of living in Yangon (Myanmar) is 25% cheaper than in Bangkok (Thailand)

If you’re comfortable staying in guesthouses and hostels, a budget of $50 per day is enough to travel reasonably in Myanmar. With $50 per day to spend, you’ll have no problem visiting most attractions and eating local Burmese food. For a comfortable three-star experience, budget $75 to $100 per day.

Myanmar is a beautiful country filled with beautiful people. See for yourself… This is the Shwedagon Pagoda, a giant, golden stupa and collection of temples in Yangon. Also in Yangon, this is a giant reclining Buddha at the Chaukhtagyi Temple.