OVERVIEW

COUNTRY BRIEF

93%
31% OF myanmar ADULTS HAVE
REAL ECONOMY AN ACCOUNT AT A FORMAL
FINANCIAL INSTITUTION
69% REMAIN FINANCIALLY EXCLUDED (7)
OF ADULTS DO NOT HAVE ANY INSURANCE
(7)

TOTAL POPULATION ACCESS TO FINANCE

52.9 MILLION (1) 18% 17%
41% of top managers for
formal SMEs in myanmar are female

39% 37% THEY WORK PARTICULARLY IN

12% Wholesale and retail trade
15%
80% (1)

29% 34%
72% FINANCIAL INCLUSION IS PARTICULARLY
LOW for LOW-INCOME
population LITERACY RATE
(2)
BANK FORMAL NON-BANK AND rural areas:
INFORMAL EXCLUDED 70% RESIDE IN RURAL AREAS
(7)

ACCESS TO CREDIT ACCESS TO SAVINGS

POPULATION BELOW THE
NATIONAL 14% 13%
5%
2%
4%
3%
POVERTY LINE 5% 5%
26% FEMALE WAGE 52% 53%
31% 31%
(3)
WORKERS 28% 30% 63% 62%
EARN ON

us$1,420 AVERAGE
20% BANK FORMAL NON-BANK BANK FORMAL NON-BANK
GDP PER CAPITA INFORMAL DO NOT BORROW INFORMAL DO NOT USE
5.5% GDP PER CAPITA (7)
ANNUAL GROWTH (5)

LESS THAN MeN

constant us$ (5)

8.8 million
(4) (6)

LABOUR FORCE PARTICIPATION

81%
PEOPLE owNING A
52% 47%
THE MAJORITY OF
52%
OF BUSINESSES IDENTIFIED
ACCESS TO FINANCE
34%
OF
BUSINESSES
HAVE WOMEN AS
PEOPLE WORK IN THE dominant owners
47% business IN MYANMAR INFORMAL SECTOR
as an obstacle
(5) (7) (5) (1) (1)

fINANCIAL INCLUSION sector

7% OF SMALL CONTRIBUTION OF
Accommodation and food
ENTERPRISES AGRICULTURE Most small enterprises service activities:
IN 2015 to gdp are concentrated in:
have a line of
credit/loan REGULATED 8% OF THEIR CAPITAL INFORMALLY
OF ENTERPRISES OBTAINED MOST

INTERNATIONAL
(1)
(1) TRANSPORTATION ACCOMMODATION
REMITTANCES AND STORAGE AND FOOD
SERVICE ACTIVITIES
inflow MADE UP Female share in formal
2.9 Million
ADULTS
RECEIVE REMITTANCES $3,500 30%
non-agri employment

women
60%
mILLION 47% MANUFACTURING WHOLESALE AND
RETAIL TRADE
(7) (8)
(1)
35%

MANUFACTURING
3%
15%
OF ENTERPRISES IN MYANMAR
DO NOT HAVE A TRANSPORTATION ACCOMMODATION
savings/checking
of population is AND STORAGE AND FOOD
financially SERVICE ACTIVITIES
account
literate
38% 37%
26%
(1) (9) (10)

DIGITAL ECONOMY (1) (1)

AVAILABLE ATMS FOR EVERY female formal msme ownership

100,000 ADULTS MANUFACTURING WHOLESALE AND
RETAIL TRADE
TRANSPORTATION
AND STORAGE
ACCOMMODATION
AND FOOD
SERVICE ACTIVITIES

MOBILE SUBCRIPTION 8 mayanmar

RATE IS

93%
OF THE COUNTRY’S
52 ASEAN (11)

POPULATION

25% WOMEN ARE 29%

less likely to
29% 15% 31% 46%
of adult population
has access to internet own a Phone (11) (1)

Myanmar has become a country of interest for digital financial 25% is a barrier to digital finance. Wider financial coverage can
services launching its first mobile money products since 2016. Men facilitate women to starting a business. With a quarter of population
and women have an almost equal access to finance, yet women are living below the national poverty line access to formal finance can
29% less likely to own a mobile phone. Low internet penetration of support inclusive growth efforts.

(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