GENERAL OVERVIEW
Republic of the Union of Myanmar (also known as Burma) is the second largest country in Southeast Asia. Its population reached 53.38 million[1] in 2017. The GDP of Myanmar was estimated at 65.6 billion1 USD in 2017. With the abundant amount of natural resources and surplus young demographic, there is an opportunity for economy acceleration in the future. Currently, the most productive economic sectors of Myanmar are power industry as well as oil and gas, that are opened for foreign investment for several sectors. Since August 2016, China has been the largest foreign investor (around 18 billion USD) for Myanmar, followed by Singapore (around 13 billion USD). Nay Pyi Taw (or Naypyidaw) is the official capital city of Myanmar, while Yangon (or Rangoon) is the largest city.
[1] ASEAN Secretariat. ASEAN Statistical Leaflet 2018
