Country Overview
Myanmar’s regulatory frameworks support the creation of businesses, encourage new investment and promotes competition among suppliers. To improve the efficiency of infrastructure investment, Myanmar could look to develop a national infrastructure plan and publish a pipeline of future projects. This could also help attract private or foreign equity investors to help reduce the infrastructure gap.
See Full Overview Data
GDP per capita
1,245 USD
Population
53.0 million persons
Infrastructure investment
4.1% of GDP
Private infrastructure investment
85.0 5-year average, USD millions
Infrastructure gap
3.9% of GDP

Driver Overview

This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).

Driver
Rank
Score /100
Emerging Aspiring Contender Top performer Global Leader
- No ranking change Ranking increase Ranking decrease

Rank

Score /100

Best practice

67
1
37.0
Emerging
71
-
42.4
Emerging
57
10
57.5
Aspiring
76
-
7.0
Emerging
62
5
56.5
Aspiring
47
5
30.4
Contender
31
1
41.5
Top performer
31
1
41.7
Top performer

Metric Overview

Strengths

Time required to start a business

According to the World Bank, it takes 7 days to start a business in Myanmar, which is significantly faster than the Lower Middle Income Countries average of 20.4 days. This follows Myanmar reviewing the process to start a business and introducing an online platform to simplify registration.

Cost to start a business

According to the World Bank, it costs 13.3% of income per capita to start a business in Myanmar, which has improved due to a reduction in incorporation fees in 2019. The cost is slightly lower than the Lower Middle Income Countries average of 17% of income per capita, easing the entry of new firms.

Dealing with construction permits

According to the World Bank, it takes 88 days to obtain construction permits, which is the second fastest period for Lower Middle Income Countries and well below the cohort average of 174.9 days. This improved due to Myanmar making services available online.

Time required to start a business

According to the World Bank, it takes 7 days to start a business in Myanmar, which is significantly faster than the Lower Middle Income Countries average of 20.4 days. This follows Myanmar reviewing the process to start a business and introducing an online platform to simplify registration.

Cost to start a business

According to the World Bank, it costs 13.3% of income per capita to start a business in Myanmar, which has improved due to a reduction in incorporation fees in 2019. The cost is slightly lower than the Lower Middle Income Countries average of 17% of income per capita, easing the entry of new firms.

Dealing with construction permits

According to the World Bank, it takes 88 days to obtain construction permits, which is the second fastest period for Lower Middle Income Countries and well below the cohort average of 174.9 days. This improved due to Myanmar making services available online.

Top Performing Metrics

Top Performing Metrics

This is defined by the metrics with the highest unweighted score out of 100. 

Lower middle income country average

Opportunities to Grow

Published project pipeline

Myanmar does not currently publish an infrastructure pipeline of projects. The addition of an infrastructure pipeline could help provide infrastructure participants with a clear indication of prospective and confirmed infrastructure activity.

Published infrastructure plan

Myanmar does not have a national or sub-national infrastructure plan. The addition of an infrastructure plan could highlight challenges and opportunities for infrastructure investment, as well as detail the government's planned responses.

Market sounding and/or assessment

According to the World Bank, there is no formal requirement for a market sounding process in Myanmar. Adding one could allow the government to determine if there is an interest from investors and lenders to provide commercial financing for projects.

Published project pipeline

Myanmar does not currently publish an infrastructure pipeline of projects. The addition of an infrastructure pipeline could help provide infrastructure participants with a clear indication of prospective and confirmed infrastructure activity.

Published infrastructure plan

Myanmar does not have a national or sub-national infrastructure plan. The addition of an infrastructure plan could highlight challenges and opportunities for infrastructure investment, as well as detail the government's planned responses.

Market sounding and/or assessment

According to the World Bank, there is no formal requirement for a market sounding process in Myanmar. Adding one could allow the government to determine if there is an interest from investors and lenders to provide commercial financing for projects.

Metrics to Improve

Metrics to Improve

This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.

For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.

Lower middle income country average

Detailed Data

This section shows country data for each of the 41 metrics. Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset. 

Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.

Governance Regulatory Permits Planning Procurement Activity Funding Financial
Driver
Rank
Score /100
Emerging Aspiring Contender Top performer Global Leader
- No ranking change Ranking increase Ranking decrease

Metric

Myanmar

Lower middle Income Countries Average

Source Link

28.2%

Recovery rate

The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.

14.7
31.4

20.7%

Rule of law

World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.

29.3 (-2.9)
41.5

18.1%

Post-completion reviews

Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.

Yes
-

15.1%

Shareholder governance

Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).

0.0
34.2

12.8%

Political stability and absence of violence score

Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.

28.2 (-8.4)
38.7

5%

Infrastructure or PPP agency

Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.

Yes
-

Myanmar

Lower middle Income Countries Average

14.7
31.4
29.3 (-2.9)
41.5
Yes
-
0.0
34.2
28.2 (-8.4)
38.7
Yes
-

Country Overview Data

Myanmar’s regulatory frameworks support the creation of businesses, encourage new investment and promotes competition among suppliers. To improve the efficiency of infrastructure investment, Myanmar could look to develop a national infrastructure plan and publish a pipeline of future projects. This could also help attract private or foreign equity investors to help reduce the infrastructure gap.
GDP per capita

1,245 USD

Population

53.0 million persons

Infrastructure investment

4.1% of GDP

Private infrastructure investment

85.0 5-year average, USD millions

Infrastructure gap

3.9% of GDP

GDP

66.0 USD billion

GDP growth rate

6.2%

GDP per capita growth rate

-4.2%

Gini coefficient

38.1 (0-100 worst)

Gross Government Debt

39.0% of GDP

Inflation rate

7.8%

Unemployment rate

1.6%

Urbanisation ratio

31.0% of total population

Digital Adoption Index

0.3 (0-1 best)