Government Type: military regime

Capital: Rangoon (Yangon) Geographic Coordinates: 16 48 N, 96 09 E

Independence: 4 January 1948 (from the UK)

National holiday: Independence Day, 4 January (1948); Union Day, 12 February (1947)

Constitution: 3 January 1974; suspended since 18 September 1988; a constitution officially received 92.48% support in a flawed May 2008 referendum that most observers judged fell far short of international standards of free and fair elections; note - a new constitution is to take effect when a parliament is convened following elections planned for 2010

Legal system: based on English common law; has not accepted compulsory ICJ jurisdiction

Suffrage: 18 years of age; universal

Economy Overview: Burma, a resource-rich country, suffers from pervasive government controls, inefficient economic policies, and rural poverty. Despite Burma's emergence as a natural gas exporter, socio-economic conditions have deteriorated under the regime's mismanagement, leaving most of the public in poverty, while military leaders and their business cronies exploit the country's ample natural resources. The economy suffers from serious macroeconomic imbalances - including rising inflation, fiscal deficits, multiple official exchange rates that overvalue the Burmese kyat, a distorted interest rate regime, unreliable statistics, and an inability to reconcile national accounts to determine a realistic GDP figure. Burma's poor investment climate hampers the inflow of foreign investment; in recent years, foreign investors have shied away from nearly every sector except for natural gas, power generation, timber, and mining. The business climate is widely perceived as opaque, corrupt, and highly inefficient. Over 60% of the FY 2009-10 budget is allocated to state owned enterprises - most operating at a deficit. The most productive sectors will continue to be in extractive industries - especially oil and gas, mining, and timber - with the latter two causing significant environmental degradation. Other areas, such as manufacturing, tourism and services, struggle in the face of inadequate infrastructure, unpredictable trade policies, neglected health and education systems, and endemic corruption. A major banking crisis in 2003 caused 20 private banks to close; private banks still operate under tight restrictions, limiting the private sector's access to credit. The United States, the European Union, Canada, and Australia have imposed financial and economic sanctions on Burma, prohibiting most financial transactions with Burmese entities, imposing travel bans on Burmese officials and others connected to the ruling regime, and banning imports of certain Burmese products. These sanctions affected the country's fledgling garment industry, isolated the struggling banking sector, and raised the costs of doing business with Burmese companies, particularly firms tied to Burmese regime leaders. The global crisis of 2008-09 caused exports and domestic consumer demand to drop. Remittances from overseas Burmese workers - who had provided significant financial support for their families - slowed or dried up as jobs were lost and migrant workers returned home. Though the Burmese government has good economic relations with its neighbors, better investment and business climates and an improved political situation are needed to promote serious foreign investment, exports, and tourism.

International Disputes: over half of Burma's population consists of diverse ethnic groups who have substantial numbers of kin in neighboring countries; Thailand must deal with Karen and other ethnic refugees, asylum seekers, and rebels, as well as illegal cross-border activities from Burma; Thailand is studying the feasibility of jointly constructing the Hatgyi Dam on the Salween River near the border with Burma; citing environmental, cultural, and social concerns, China is reconsidering construction of 13 dams on the Salween River but energy-starved Burma with backing from Thailand remains intent on building five hydro-electric dams downstream, despite identical regional and international protests; India seeks cooperation from Burma to keep Indian Nagaland separatists, such as the United Liberation Front of Assam, from hiding in remote Burmese Uplands; after 21 years, Bangladesh resumes talks with Burma on delimiting a maritime boundary in January 2008