Economic performance
Growth in Myanmar’s gross domestic product is estimated at 7.7% in Fiscal Year 2014 (ending 31 March 2015), reflecting strong expansion in construction, manufacturing, and services. The government’s ambitious structural reform program has underpinned the strong growth performance in recent years.
Construction was driven by government investment in infrastructure, and property development in Yangon and Mandalay. Manufacturing benefitted from increasing flows of foreign direct investment, with more than one new garment factory opening per week on average in 2014. Growth in services was bolstered by a surge in tourist arrivals from 2.0 million in 2013 to an estimated 3.1 million in 2014.