Myanmar's natural resources include oil and gas, minerals and gems. The extractive sector accounted for 4.4% of GDP, 14% of State revenue and 20.4% of total exports in 2016-2017.
The Myanmar government's 12-point Economic Policy accentuates the strategic role of EITI in the reform process, specifically in natural resource governance. The EITI has been a platform for vibrant discussions on issues around revenue sharing, state-owned enterprises, and the need of a unified mineral cadastre system. The EITI is also stimulating public debate and shedding light on lost revenues from the gems and jade sector. According to the fourth Myanmar EITI Report, the value of gems and jade that were sold through the emporium in 2016-2017 was estimated at EUR 675,912,504. However, a study commissioned by Myanmar EITI in 2016 estimated that 60-80% of gemstones produced in the country are not declared and therefore bypass the formal system.