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)