Myanmar, or formerly Burma, is the nation of more than 100 ethnic groups, bordering India, Bangladesh, China, Laos and Thailand. The country is also home to many bustling markets, beautiful parks and lakes, and the towering, gilded Shwedagon Pagoda.
Myanmar is an emerging economy with a nominal GDP of $69.322 billion in 2017. The country’s freedom index ranks 35th among 43 countries in the Asia–Pacific region. Rice is the prevailing agricultural product, covering about 60% of the cultivated land area. Much of the population also follows agricultural pursuits. However, the government is trying their best in boosting the economic growth. Myanmar is now striving to reintegrate into the global economy and attract foreign investment in the energy, garment, information technology, and food and beverage sectors.
Myanmar, with a large population and vast underdeveloped areas of the economy, is waiting for its glory day. It is almost a blank canvas for other developed economies and companies to contribute their touch of color to the economy.