Description of chief executive natural resources of Myanmar

LAND OF GOLD

Chief Natural resources of Myanmar

Since ancient times, the land known today as Myanmar has been famous for its wealth in natural resources of all kinds. Today, Myanmar’s natural resources include oil and gas, various minerals, precious stones and gems, timber and forest products, hydropower potential, etc. Of these, natural gas, rubies, jade, and timber logs are the most valuable and currently provide a substantial proportion of national income. To date, there has been a very low-level of systematic exploration of Myanmar’s natural resources due to lack of modern survey techniques.     I

According to official data, recent foreign direct investment in Myanmar has been concentrated in the oil/gas and hydro power sectors, with mining coming in third position by value. Investment commitments made in the 2010/11 financial year were approximately 30 times the rate of commitments made on average for the previous 22 years.

NEIGHBORING COUNTRY MYANMAR

The main investors by country were Myanmar’s neighbors China (including Hong Kong) and Thailand, followed by South Korea, Singapore, and others. While the vast majority of people in the national workforce are subsistence farmers, the gas industry and the precious/semi-precious stone-mining industries have provided the largest incomes, with gas earning of $3.6 billion for 2011–2012 and precious stones earning of approximately $3.4 billion in 2010 from auction sales.
Despite a shortage of natural gas for the domestic market, most of the natural gas is exported. Currently all gas exports go to Thailand. Yet, a new 1,800-kilometer-long pipeline – which will cross the whole country, from Kyauk Phyu in Rakhine state to Kunming, China – will commence later in 2013

DESCRIPTION / ECONOMICAL CONDITION  MYANMAR

Myanmar is geologically very rich, and mining is significant as a large-scale industry and also in small-scale artisanal forms. Mineral occurrences cover all sectors, including base metals (gold, copper, silver, lead, zinc, tin, antimony, iron, etc.), industrial minerals, energy sources (mainly coal), gems (jade, rubies, sapphires, etc.), as well as “rare earth” minerals. Myanmar is perhaps best known for gold, jade, rubies, sapphires. It is estimated that in the past, 90 percent of the world’s rubies came from Myanmar. The state is currently aiming to control and manage all aspects of production and sale of jade and gems, but in this sector, as well as in the gold sector, large informal and illegal industries exist.

 


Despite being blessed with an abundance of natural resources, Myanmar’s citizens are among the poorest in Asia and lag behind their ASEAN neighbors in all aspects of human development. Myanmar’s natural resources were managed in unsustainable and transparent ways during decades of military rule and economic mismanagement. Lack of transparency in the past has raised many questions about potential misappropriation. Revenues were used for state needs, among them being military expenses to ensure the military’s control. While natural resources were being sold to neighboring countries, the local population was left empty-handed.

MAJOR PRODUCTION  MYANMAR  

 Opium production in Myanmar has historically been a major contributor to the county’s gross domestic product (GDP). Burma is the world’s second largest producer of opium after Afghanistan, producing some 25% of the world’s opium, and forms part of the Golden Triangle. The opium industry was a monopoly during colonial times and has since been illegally operated by corrupt officials in the Burmese military and rebel fighters, primarily as the basis for heroin manufacture.

 


Production is mainly concentrated in the Shan -,Kachin states. Due to poverty, opium production is attractive to impoverished farmers as the financial return from poppy is 17 times more than that of rice. The yield during 2012 was 690 tons, valued at US $359 million.

Economic specialists indicate that recent trends in growth have the potential to increase the gap between the rich and the poor in the country, empowering criminal rackets at the expense of democracy

natural resource

 

5 Most Richest Country In The World

The richest countries in the world measured in terms of GDP( Gross Domestic Product).  GDP is the total markets value of all goods and services produced in a country in year. The richest countries are fully developed and the citizens of that country has standard of living like need of Human rights,medical facilities , education,Proper Drinking water ,Equivalence  atmosphere between political parties. Top 5 richest country in the world -Qatar : Luxembourg:  Singapore: Norway:Kuwait

 

 

  Qatar : Arab nation: GDP  per capita  ($129,076,88)

Qatar  Officially  the state of Qatar is a sovereign country located in the South – west Asia..Capital of Qatar is a Doha . In Qatar Qatari Riyal use as a currency. State of Qatar is a high income economy and has per capita  income in the world .The worlds 3 largest oil and natural gas  reverses accounts for 70%of its government revenue , 60%of its GDP ,85% of its export earning .It  has a fame of having standard of living with lowest tax in the world for its citizens . The country has vast land making it an attraction for investment. Income resources –Crude oil production and refining, Ammonia fertilizers ,steel plants,Bars , commercial ship repair .Qatar,s proved reserves of natural gas.GDP- 13% .Qatar is the richest country in the world and home to the 2022 FIFA  CUP,the first Arab nation to ever hold this role.

 

 

Luxembourg; Europe Country  GDP per  Capita  ($100,991)

Luxembourg is a land locked country in Western Europe .Officially called THE Grand  Douchy  Of L Luxembourg .Capital of   Luxembourg is  Luxembourg City.Euro is main currency of Luxembourg. Luxembourg with just half a million population rank number second  in list of richest country has per capita is ($100,991) which is 9 times of the world average . The nation  is the 2 largest investment fund centre ,high-income market with low inflation and high innovation .Luxembourg known as “ Green heart of Europe ”. Financial sector ,Dynamic industrial, steel , Banking the backbone of this strong economy.Banking in L Luxembourg is a largest of its with an asset of base over $1.24 trillenalone. Income resource – banking ,Iron steel  Telecommunications industry ,Agricultural.28 %of GDP  remunerated for the decline in steel.Average GDP IS 0.9%.Due to attractive corporate tax laws ideal place for headquarters of many international companies.

 

 

Singapore: Asian Country GDP  per capita ($85,00

Singapore is a modern city-state located in South East Asia.Officially known as The Republic of Singapore.The capital city of Singapore is the city of Singapore city.Singapore known for as the Lion city, The Red  Dot ,The Garden city .Currency of Singapore is Singapore Dollar.Singapore ,one of the cleanest cities in the world with best air port in the world.Tourism is the main source of revenue for this country its boost its GDP.Singapore one of the highest business earing Tycoons countries in the world .The country relevant to invest  as it has attractive investment climate ,stable political that makes per capita income 3 highest country in world. Income resource – Biotechnolgy ,Banking ,Exports Electronics ,Energy.Singapore is  also shipping and transportation hub for Asia.Tourism spot like  Woodlands ,Tengeh Reservoir as numerous  visit all over world.It is a second largest busiest port in the world .of It is a small country with 5.5 Million  population a huge percentage Buddhism followed.

 

 

Norway: Europe country GDP per capita ($99,500)

Norway is a sovereign country located in North  of Europe .officially is known as The  Kindom of Norway. Capital of Norway is Oslo.Currency of Norway is known as Norwagian Krone.Commonly known as Land of rising of sun .Norway has been in the list of richest country because of its well-developed economical industry .Norway  4 richest country in the world ,3 biggest exporter of natural gas,7 largest oil exports in the world.It has created  multiple jobs,provide educations and medical facilities to the individuals.  Norway is one of largest and most influential financial markets. Income resources Tourism, exporter of Natural gases, Minerals,Sea food .Today GDP Stands ($95,000) fellow independent monetary policy.

 

 

Kuwait:Asia country GDP per capita  ($73,298)

Kuwait is an Arab country located in the Western region of Asia. Kuwait officially known as The State of Kuwait currency is The Kuwaiti dinar is the highest –valued currency unit  in the world . Capital of Kuwait is Kuwait city. One of the 5 richest country in world( $73,298).It has petroleum –based economy as 6 largest petroleum reveres account for half of GDP .Kuwait  crude oil reserve which ate about 102 billion barress.It gives best job chance to individual of whole world.Income resources – Toursim ,water desalination ,Oil reserves 95% export revenues and government income .In early days little diversity in economics due to positive fiscal situations.It is also ruled by a stable monarchial government which conduct all  the country affairs .