Digital economy news: The digital economy is shaping the way businesses operate and the way consumers consume news and information.
But how will digital technology affect the economy?
The Myanmar Digital Economy Report explores how digital technology could change the way Myanmar businesses operate, and how digital opportunities could help make the country a digital hub.
Myanmar Digital Outlook 2016 is a project of the Center for Myanmar Digital Excellence (CMDEE), the nation’s digital hub for digital technology.
The report covers key issues in Myanmar, including digital transformation and the transition from digital to digital economy.
Digital economy: Myanmar’s digital economy includes digital technology, the Internet, and mobile services.
The Myanmar government is investing in digital infrastructure to support digital growth.
Digital transformation: Myanmar is one of the world’s most digitally-dependent countries, with more than 40 percent of its GDP and more than 70 percent of Internet users accessing digital services.
In 2016, Myanmar recorded its lowest number of Internet-based jobs since 2004, according to the National Bureau of Statistics.
Digital infrastructure: Myanmar relies heavily on Internet infrastructure, including its mobile networks, which have been built to serve rural areas.
The government has been expanding the number of mobile-only areas in the country, with some businesses installing new lines of infrastructure to allow Internet access in the rural areas without access to the Internet.
Digital economic growth: Myanmar experienced a digital growth of 8.3 percent in 2016, according a World Bank report.
Digital investment in the economy has been on the rise.
In 2017, the country reported a total of $5.2 billion in investments from private investors, which is an increase of about 7.4 percent from the previous year.
In 2020, the government committed $6.6 billion to the Digital Investment Fund, which will fund a digital-based economic growth strategy.
In 2021, the Ministry of Finance will develop a Digital Infrastructure Fund for the country.
Digital opportunity: The Digital Economy Outlook 2016 reports that Myanmar is among the fastest-growing economies in the Asia-Pacific region.
Digital technology has made Myanmar the world leader in digital technology and a digital market leader.
The digital economies are transforming Myanmar into a digital economy hub, and this transformation will require new digital technologies and tools to help the economy grow.
Myanmar’s Digital Economy Update 2020 aims to provide more detailed, comprehensive and timely analysis of Myanmar’s economic development and trends.
It covers topics such as digital infrastructure and the digital economy, digital opportunities, digital transformation, digital economy statistics, digital transition, and digital industry development.