What are the main natural resources in Myanmar?

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.

Why Myanmar is rich in natural resources?

Coal, oil, and natural gas all feature prominently in Myanmar’s wealth of natural resources. The most important of these is natural gas, which is estimated to account for 40% of the export of Myanmar. It is the 39th biggest producer of natural gas currently and exported around $6 billion of petroleum in 2016.

What resources does Myanmar export?

Country Brief

The country is classified as a least developed country (LDC). Oil and natural gas dominate Myanmar’s exports. Its abundant natural resources, labour force, and proximity to Asia’s dynamic economies have attracted foreign investment in the energy, garment, IT, food and beverages sectors.

What are the 5 most important natural resources?

Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Animals, birds, fish and plants are natural resources as well.

THIS IS INTERESTING:  What industry are there in Singapore?

What are 5 Natural Resources examples?

Examples of natural resources are air, water, wood, oil, wind energy, natural gas, iron, and coal.

What crops are grown in Myanmar?

Burma was once Asia’s largest exporter of rice, and rice remains the country’s most crucial agricultural commodity. Other main crops include pulses, beans, sesame, groundnuts, sugarcane, lumber, and fish.

What are the main exports of Myanmar?

The largest export item is natural gas, which is largely responsible for Myanmar’s economic growth. Other major commodities exported by Myanmar are pulses and beans, wood/forest products notably teak, fish, rice, rubber, clothing/garments, jade and gems.

Is Myanmar poor or rich?

Myanmar is Asia’s seventh-poorest country. Myanmar’s per capita GDP is $1,207, just above Cambodia’s. About 26% of the population lives in poverty, and poverty is twice as high in rural areas, where about 70% of the population lives.

Is Myanmar rich in resources?

Myanmar is rich in minerals, including metal ores, petroleum, and natural gas, and also has significant deposits of precious and semiprecious stones. Large-scale exploitation of Myanmar’s mineral deposits began in the mid-1970s. …

Is Myanmar richer than Bangladesh?

Bangladesh with a GDP of $274B ranked the 44th largest economy in the world, while Myanmar ranked 71st with $71.2B. By GDP 5-years average growth and GDP per capita, Bangladesh and Myanmar ranked 10th vs 13th and 155th vs 164th, respectively.

Which country is richest in mineral resources?

Some of the countries with the most natural resources in the world include:

  1. China. China is one of the leading producers of phosphates, vanadium, tungsten, antimony, graphite, coal, tin, molybdenum, lead, zinc, and gold.
  2. Saudi Arabia. …
  3. Canada. …
  4. India. …
  5. Russia. …
  6. Brazil. …
  7. United States. …
  8. Venezuela. …
THIS IS INTERESTING:  Is there a travel ban from Thailand?

29.08.2018

What is the most used natural resource?

Water. Without a doubt, water is the most abundant resource on the planet. Approximately 72 percent of our planet is covered with water.

What country has most natural resources?

China has the most natural resources estimated to a staggering $23 trillion. 90% of the country’s resources consist of coal and rare earth metals.

What are 2 types of natural resources?

Natural resources are substances that occur naturally. They can be sorted into two categories: biotic and abiotic. Biotic resources are gathered from the biosphere or may be grown. Abiotic resources are non-living, like minerals and metals.

What are the 6 types of natural resources?

Natural resources include oil, coal, natural gas, metals, stone, and sand. Air, sunlight, soil, and water are other natural resources.

What are the examples of natural resources?

  1. Water. Like soil, water is one of the most important natural resources for the existence of life.
  2. Soil. …
  3. Timber. …
  4. Salt. …
  5. Oil. …
  6. Natural Gas. …
  7. Coal. …
  8. Iron. …
Travel Blog