Tag Archives: Myanmar

According to allcountrylist, Myanmar is a Southeast Asian country with a population of around 53 million people. The country has a mixed economy and its GDP per capita is among the lowest in the region. Services account for around 45% of GDP, industry contributes around 38%, and agriculture makes up the remaining 17%. Myanmar’s economy is heavily reliant on natural resources such as oil, natural gas and timber which are mined in large quantities and exported to other countries. Tourism is also an important source of income for Myanmar which accounts for up to 8% of GDP annually due to its stunning landscapes, ancient sites and unique culture. Manufacturing also plays an important role in the Burmese economy with food processing, textiles production, machine building and metalworking being some of the most important sectors. Agriculture is also an important sector in Myanmar although it only accounts for less than 3% of GDP annually due to its dry climate. Livestock production is the main agricultural activity with cattle, goats and pigs being the most widely produced followed by poultry, sheep and horses. The majority of agricultural produce is consumed domestically while some products are exported to other countries for sale on international markets. Additionally, Myanmar’s economy benefits from low taxes which attract foreign investors who choose to invest in or do business in Myanmar due to its favorable tax environment. Agriculture has been a part of the Myanmar culture for centuries. Rice has been the main staple crop, and it is still an important part of the Myanmar diet today. Other crops grown in Myanmar include maize, sesame, millet, cotton and pulses. In addition to these crops, the country also produces a variety of fruits, vegetables and spices. In recent decades, new technologies have been introduced in Myanmar that have allowed farmers to increase their yields significantly. These include modern irrigation techniques, improved fertilizers and pesticides as well as mechanized farming equipment. Additionally, greenhouses have been constructed in various parts of the country that allow farmers to grow crops year-round even in colder climates. The government provides subsidies for farmers to purchase equipment and supplies needed for agricultural production; this has allowed many farmers to expand their operations and increase their yields significantly. Additionally, new technologies such as greenhouses have been introduced in recent years that allow farmers to grow crops year-round even in colder climates. This has led to increased food security for many Myanmarese families who can now access a variety of fresh produce throughout the year despite varying weather conditions across different regions in Myanmar. See smber for Burma Agriculture and Fishing.