The country’s GDP is expected to reach US$81 billion in the coming fiscal year 2025-2026, Chairman of the State Administration Council Prime Minister Senior General Min Aung Hlaing said at the opening ceremony of the Forum on Myanmar Beyond 2025: Challenges and Opportunities in a Multipolar World held at MICC-I in Nay Pyi Taw on 21 March.
Myanmar’s current GDP is between US$60 and US$70 billion, and the country is working with an expectation of reaching the GDP of US$81 billion in the next fiscal year. Myanmar’s GDP is low compared to that of neighboring Thailand and Bangladesh, and it is seen that even in the agriculture sector alone, it is still low, Senior General Min Aung Hlaing said.
Myanmar has around 15 million cultivated acres of paddy, and if these acres are used with extra crops, agricultural output could double. In addition, if the country can produce clothes and shoes through cotton and rubber cultivation, it can fulfil the domestic needs and export the products to the neighboring countries as well. Despite having some difficulties due to the sanctions on Myanmar, it can be resolved, the Senior General said.
