Concept

Economy of Myanmar

Summary
The economy of Myanmar is the seventh largest in Southeast Asia, with an estimated nominal GDP of US63.99 billion in 2023 and an estimated purchasing power adjusted GDP of 278.16 billion in 2023 according to the International Monetary Fund. For the 2023 estimate, GDP per capita in Myanmar would be 5,130.00inPPPpercapitaand5,130.00 in PPP per capita and 1,240.00 in nominal per capita. These economic statistics were a huge decline from the economic statistics of Myanmar in the fiscal year of 2020, in which Myanmar's nominal GDP was 81.26billionanditspurchasingpoweradjustedGDPwas81.26 billion and its purchasing power adjusted GDP was 279.14 billion. The cause of the deterioration in the economy is due to the 2021 coup d’état by the Tatmadaw after they accused the elections to be fraudulent. History Classical era Historically, Burma was the main trade route between India and China since 100 BC. The Mon Kingdom of lower Burma served as important trading centre in the Bay of Bengal. The major
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