The 1997-1998 Asian financial crisis affected FDI flows to Myanmar...FDI flows to Myanmar continued to decline since 1998, primarily because of the impact of the 1997-1998 Asian financial crisis (figure 1). FDI stock in Myanmar increased from $56 million in 1990 to $4.2 billion in 2002 (figure 2). Most FDI to Myanmar were from the developed countries in 1995-2001 (figure 3). Among the developing economies, ASEAN countries and the Asian newly industrialized economies were the largest investors. FDI from the United Kingdom and the United States were significant among the developed countries (table 1), and were dominated by oil and gas activities (table 2). More than 50 per cent of FDI in Myanmar in 1999-2001 were in the primary sector (figure 4), which were dominated by investment in oil and gas. FDI in tourism and real estate sector were also significant. FDI flows as a percentage of gross fixed capital formation since 1997 has been declining (figure 5), while inward FDI stock as a percentage of gross domestic product has been increasing steadily since 1992, except for a blip in 2002 (figure 6).