Myanmar: Recent Economic Developments
April 26, 1997
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This paper reviews economic developments in Myanmar during 1992–96. There has been a strong recovery in output in response to reforms, with annual economic growth averaging about 8 percent during 1992/93–1995/96. The recovery has been driven by an increase in agricultural production and foreign investment, especially in tourism and extractive industries. Official estimates suggest that the economy grew by 9.8 percent in 1995/96. During 1992/93–1995/96, annual agricultural output rose by an average of about 8 percent per year.
Subject: Balance of payments, Economic sectors, Exports, Foreign direct investment, Foreign exchange, Imports, International trade, Public sector
Keywords: Asia and Pacific, banking system, capital expenditure, central bank, CR, debt service, exchange rate, Exports, foreign currency, Foreign direct investment, free market, Imports, ISCR, monetary policy, Public sector
Pages:
120
Volume:
1997
DOI:
Issue:
031
Series:
Country Report No. 1997/031
Stock No:
1MMREA0011997
ISBN:
9781451826678
ISSN:
1934-7685
