Myanmar

The country’s unique situation makes for a compelling investment opportunity

Myanmar is emerging from decades of stagnation and has the economic foundations for a period of strong growth:

  • Fast growing economy: IMF projects GDP growth for Myanmar to average 7.2% p.a. through 2023
  • Population of 54 million people (26th most populous country in the world) with huge growth potential as Myanmar, the last so-called frontier economy in Asia, increases economic liberalisation
  • Large workforce with a high literacy rate of 90%
  • 68% of the population is of working age
  • 28% of the population is under 24 which will provide strong consumer demand
  • Significant natural resources: hydrocarbons, fertile land, minerals, precious stones, forests and water
  • Strategically situated in one of the world’s most economically dynamic regions amid the intersection of India, China and South East Asia
  • Critical to China’s ‘One Belt One Road’ strategy providing direct access to the Indian Ocean
  • Myanmar has undergone an unprecedented transformational reform process, initiated by the U Thein Sein administration in 2011
  • The elections in 2015 were the first democratic elections in 50 years
  • During the year the Foreign Investment law was revised and a new Companies Act enacted, both of which will assist in foreign investment
  • This remarkable change has not been without its difficulties and the situation in Rakhine state, which stems from a complex and historically charged background, remains un-remedied.
  • The Advisory Commission, led by the late former UN Secretary-General Kofi Annan, on the Rakhine State crisis has provided an important framework which can provide the foundations for addressing the distressing situation there