What resources does Myanmar have?

Is Myanmar rich in natural resources?

Myanmar is rich in many types of natural resources, including timber, oil and gas, minerals and gemstones, and potential hydropower.

What is Myanmar known for producing?

Myanmar’s agricultural industry can be divided into three sectors: crop production, livestock, and fishing. In terms of Myanmar’s main crop production, it is renowned for its production of rice, sugar cane, and dry beans, among other vegetables. Interestingly, Myanmar was once the biggest exporter of rice in Asia.

What is Myanmar biggest export?

Oil and natural gas dominate Myanmar’s exports. Other exports include vegetables, wood, fish, clothing, rubber and fruits. Myanmar’s main exports partners are China, India, Japan, South Korea, Germany, Indonesia and Hong Kong.

What is the main agriculture in Myanmar?

Rice is the country’s primary agricultural product, which accounts for nearly 43 percent of the total agricultural production value. In Burma, 70 percent of the country’s population live in rural areas and their livelihood drives the agriculture sector as an important growth engine of rural development.

Who is richer Philippines or Myanmar?

The Philippines with a GDP of $330.9B ranked the 40th largest economy in the world, while Myanmar ranked 71st with $71.2B.

Gross Domestic Product & Income.

Stat Myanmar Philippines
Population 53.4M 104.9M
GDP per capita $1.3k $3.1k
GDP per capita growth 5.56% 4.77%
Purchasing Power Parity conversion factor 290.17 18.25
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Who is Myanmar ranked?

Burma / Myanmar

ranking World Rank Impact Rank*
1 7355 13080
2 9044 18234
3 13059 19612
4 14277 16329

Is Burma a 3rd world country?

Finally, “Third World” countries were countries that remained neutral and allied with neither side. However, that meaning changed after the fall of the Soviet Union (and the end of the Cold War) in the early 1990s.

Third World Countries 2021.

Country Human Development Index 2021 Population
Brunei 0.853 441,532