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The economy of Myanmar is the seventh largest in Southeast Asia. Since the return of civilian rule in 2011, the new government has launched impressive reforms, focused initially on the political system to restore peace and achieve national unity and moving quickly to an economic and social reform program. Despite the tremendous potential that Myanmar's economy possesses, in order for Myanmar to achieve its economic transition, considerable investments will have to be made in infrastructure and developing human capital, and progress made on building institutional capacity, a regulatory environment for the private sector to flourish, and a modern finance sector. Current 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 $81.26 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’été by the Tatmadaw after they accused the elections to be fraudulent. Myanmar's economy has been experiencing slow growth and advancement ever since the coup d’été in 2021. (Full article...)
