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ASEAN: Regional Trends in Economic Integration, Export ... - USITC

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BURMA<br />

ECONOMIC PROFILE<br />

<strong>Economic</strong> Indicators<br />

2004 2008<br />

Population (million) 48.0 49.6<br />

Nom<strong>in</strong>al GDP (billion US$) 10.0 22.6<br />

Real GDP growth (%) 13.6 0.9<br />

Goods exports (million US$) 2,927 6,348<br />

Goods imports (million US$) 1,999 3,427<br />

Trade balance (million US$) 928 2,921<br />

GDP per capita (US$ at PPP) 491 435<br />

Inward FDI stock (million US$) 4,791 5,546<br />

Source: Economist Intelligence Unit, Country Report: Burma,<br />

June 2009; United Nations Conference on Trade and<br />

Development, FDISTAT Interactive Database. PPP =<br />

purchas<strong>in</strong>g power parity.<br />

Burma’s trade agreements <strong>in</strong>clude:<br />

• <strong>ASEAN</strong>-Ch<strong>in</strong>a, preferential trade agreement<br />

cover<strong>in</strong>g goods (eff. July 2003);<br />

• <strong>ASEAN</strong>-Ch<strong>in</strong>a, economic <strong>in</strong>tegration agreement<br />

cover<strong>in</strong>g services (eff. July 2007);<br />

• <strong>ASEAN</strong>-Japan, free trade agreement cover<strong>in</strong>g<br />

goods (eff. Dec. 2008); and<br />

• <strong>ASEAN</strong> Free Trade Area (AFTA), free trade<br />

agreement cover<strong>in</strong>g goods (eff. Jan. 1992).<br />

Source: World Trade Organization, <strong>Regional</strong> Trade<br />

Agreements, Burma, http://rtais.wto.org (accessed<br />

March 17, 2010). Eff. = effective.<br />

Sources of GDP (2009)<br />

Industry<br />

19.8%<br />

Services<br />

37.3%<br />

Agriculture<br />

42.9%<br />

Pr<strong>in</strong>cipal imports: fabric, petroleum products,<br />

fertilizer, plastics, mach<strong>in</strong>ery, transport equipment,<br />

cement, construction materials, crude oil, food<br />

products, and edible oil.<br />

Pr<strong>in</strong>cipal exports: natural gas, wood products,<br />

pulses, beans, fish, rice, cloth<strong>in</strong>g, and jade and gems.<br />

Source: U.S. Central Intelligence Agency, The World<br />

Factbook: Burma, March 2010.<br />

Ma<strong>in</strong> trade partners, percent of total, 2007<br />

<strong>Export</strong> markets<br />

Suppliers<br />

Thailand 44.7 Ch<strong>in</strong>a 35.9<br />

India 14.1 Thailand 20.7<br />

Ch<strong>in</strong>a 6.9 S<strong>in</strong>gapore 16.8<br />

Japan 5.6 Malaysia 4.4<br />

Malaysia 2.6 India 3.5<br />

Source: Economist Intelligence Unit, Country Report:<br />

Burma, June 2009.<br />

E-4

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