Myanmar is rich in natural resources
such as arable land, forestry, minerals,
as well as freshwater and marine
resources, gems and jade. In recent
years, the country has also emerged as
a natural gas exporter, with exports to
neighbouring countries providing an
increasingly important revenue stream.
The economy is expected to grow
5.5%1 in the fiscal year ending 31
March 2014 (FY13) compared to 5.0%
in FY122, driven by higher investment
in hydropower, natural gas and oil and
commodity exports.
GDP composition by sector in
2012 consisted of services (41.8%),
agriculture (including livestock,
fisheries and forestry) (38.8%) and
industry (19.3%), with services the
largest contributor to the economy for
the second year running (the FY11
composition of GDP was services
43.6%, agriculture 38.2% and industry
18.2%).3 However the distribution
of the labour force is still largely
skewed towards agriculture relative to
services and other sectors, reflecting
Myanmar’s primarily agricultural
economy.