In 1989, the government of Myanmar began decentralising economic control and has since liberalised some portions of the economy. However, the lucrative industries of gems, oil, forestry remain under the control of the military. The United Nations lists Myanmar as a LLDC (least developed country). Tourism is being encouraged by the government; however, fewer than 750,000 tourists enter the country yearly. Private enterprises are often co-owned or indirectly by the Tatmadaw. The gap between the wealthy and the poor continues to grow larger.

Some nations, such as the United States and United Kingdom have placed trade sanctions on Myanmar. Foreign investment comes primarily from China, Singapore and Thailand.

Myanmar lacks adequate infrastructure, and has suffered as a result. Goods travel primarily through the Burmese-Thai borders, from which most illegal drugs are exported, and through the Ayeyarwady River. Railroads are rudimentary, with few repairs since their construction in the 19th century. Highways are normally unpaved, except in the major cities. Energy shortages are common throughout the country. Myanmar is the second-largest producer of heroin in the world. Other industries include agricultural goods, textiles, wood products, construction materials, and metals. The lack of an educated workforce also contributes to the growing problems of the Burmese economy.