The Economy of Burma (Myanmar) is one of the least developed in the world, suffering from decades of stagnation, mismanagement, and isolation. Burma’s GDP stands at $42.953 billion and grows at an average rate of 2.9% annually – the lowest rate of economic growth in the Greater Mekong Subregion. Among others, the EU, United States and Canada have imposed economic sanctions on Burma.

Historically, Burma was the main trade route between India and China since 100 BC. The Mon Kingdom of lower Burma served as important trading center in the Bay of Bengal. After Burma was conquered by British, it became the wealthiest country in Southeast Asia. It was also once the world's largest exporter of rice. It produced 75% of the world's teak and had a highly literate population.

After a parliamentary government was formed in 1948, Prime Minister U Nu embarked upon a policy of nationalization. The government also tried to implement a poorly thought out Eight-Year plan. By the 1950s, rice exports had fallen by two thirds and mineral exports by over 96%. The 1962 coup d'état was followed by an economic scheme called the Burmese Way to Socialism, a plan to nationalize all industries. The catastrophic program turned Burma into one of the world's most impoverished countries.

Burma ⁱ/ˈbɜrmə/ BUR-mə, also known as Myanmar ⁱ/ˌmjɑːnˈmɑr/ MYAHN--MAR, is a country in South Asia and Southeast Asia. It is bordered by India, Bangladesh, China, Laos and Thailand. One-third of Burma's total perimeter of 1,930 kilometres (1,200 mi) forms an uninterrupted coastline along the Bay of Bengal and the Andaman Sea. At 676,578 km² (261,227 sq mi), it is the 40th largest country in the world and the second largest country in Southeast Asia. Burma is also the 24th most populous country in the world with over 60.28 million people.

Burma is home to some of the early civilizations of Southeast Asia including the Pyu and the Mon. In the 9th century, the Burmans of the Kingdom of Nanzhao, entered the upper Irrawaddy valley and, following the establishment of the Pagan Empire in the 1050s, the Burmese language and culture slowly became dominant in the country. During this period, Theravada Buddhism gradually became the predominant religion of the country. The Pagan Empire fell due to the Mongol invasions (1277–1301), and several warring states emerged. In the second half of the 16th century, the country was reunified by the Taungoo Dynasty which for a brief period was the largest empire in the history of Southeast Asia. The early 19th century Konbaung Dynasty ruled over an area that included modern Burma as well as Manipur and Assam. The country was colonized by Britain following three Anglo-Burmese Wars (1824–1885).