COUNTRY BRIEF

TOTAL POPULATION

52.9 MILLION(1)

constant us$ (5)

us$1,420GDP PER CAPITA

ANNUAL GROWTH5.5% GDP PER CAPITA

(3)

26%

POPULATION BELOW THE

NATIONAL POVERTY LINE

(2)

population LITERACY RATE72%

80%

(4)

Myanmar has become a country of interest for digital financial services launching its first mobile money products since 2016. Men and women have an almost equal access to finance, yet women are 29% less likely to own a mobile phone. Low internet penetration of

25% is a barrier to digital finance. Wider financial coverage can facilitate women to starting a business. With a quarter of population living below the national poverty line access to formal finance can support inclusive growth e�orts.

81%

47%

LABOUR FORCE PARTICIPATION

(5) (1)

34%OF BUSINESSES

HAVE WOMEN ASdominant owners

(5)

31% OF myanmar ADULTS HAVE

69% REMAIN FINANCIALLY EXCLUDED

AN ACCOUNT AT A FORMAL FINANCIAL INSTITUTION 93%

OF ADULTS DO NOT HAVE ANY INSURANCE

7% OF SMALLENTERPRISES

have a line ofcredit/loan

OF BUSINESSES IDENTIFIED 52%ACCESS TO FINANCE as an obstacle

ACCESS TO FINANCE

18%

15%

29%

39%

17%

12%

34%

37%

ACCESS TO CREDIT

14%5%

28%

52%

13%5%

30%

53%

BANK FORMAL NON-BANK

INFORMAL EXCLUDED

DO NOT BORROW

BANK FORMAL NON-BANK

INFORMAL DO NOT USE

BANK FORMAL NON-BANK

INFORMAL

ACCESS TO SAVINGS

5%2%

31%

63%

4%3%

31%

62%

(7)

(1)

(1)

8.8 million

business IN MYANMARPEOPLE owNING A

(7)

REAL ECONOMY

OVERVIEW

FINANCIAL INCLUSION IS PARTICULARLY LOW for LOW-INCOMEAND rural areas: 70% RESIDE IN RURAL AREAS

(5)

52% 47%THE MAJORITY OF PEOPLE WORK IN THEINFORMAL SECTOR

25% of adult population has access to internet

29% WOMEN ARE less likely to own a Phone

20%

LESS THAN MeN

FEMALE WAGE

WORKERSEARN ONAVERAGE

41% of top managers for formal SMEs in myanmar are female

THEY WORK PARTICULARLY IN Wholesale and retail trade

(6)

(7) (7)

(7)

(1)

(1)

AVAILABLE ATMS FOR EVERY

100,000 ADULTS

8

52

mayanmar

ASEAN

fINANCIAL INCLUSION sector

38%

Most small enterprisesare concentrated in: OF ENTERPRISES OBTAINED MOST

Accommodation and foodservice activities:

8% OF THEIR CAPITAL INFORMALLY

TRANSPORTATIONAND STORAGE

ACCOMMODATIONAND FOOD

SERVICE ACTIVITIES Female share in formalnon-agri employment

MANUFACTURING

15%

MANUFACTURING

35%WHOLESALE AND

RETAIL TRADE

TRANSPORTATIONAND STORAGE

ACCOMMODATIONAND FOOD

SERVICE ACTIVITIES

26%

MOBILE SUBCRIPTIONRATE IS

93%OF THE COUNTRY’SPOPULATION

DIGITAL ECONOMY

female formal msme ownershipACCOMMODATION

AND FOODSERVICE ACTIVITIES

46%

WHOLESALE ANDRETAIL TRADE

15%

MANUFACTURING

29% 31%

TRANSPORTATIONAND STORAGE

47% 30%

3%

37%

(1) (1)

(1)

(1)

(7)

ADULTSRECEIVE REMITTANCES

2.9 Million

women60%

inflow MADE UP

REGULATED INTERNATIONALREMITTANCES

$3,500mILLION

IN 2015

OF ENTERPRISES IN MYANMAR DO NOT HAVE A

savings/checking of population isfinanciallyliterate

AGRICULTUREto gdp

CONTRIBUTION OF

(1) World Bank 2016 (2) WDI 2015 (3) Asian Development Bank (4) WDI 2016 (5) UN Women (6) ILO) (7) FinScope 2015 (8)World Bank 2015 (9) S&P Global Financial Literacy Survey (10)FAO (11) Findex 2015

account

(8)

(1) (9) (10)

(11)

(11)