Yangon Region census report, the population of Yangon region is 7.36 million. Burmese is the primary language used by Burmese of all ethnic backgrounds. English is the main second language among the urban elite of Yangon. Yangon Region is the most developed region in the country. According to the government's official statistics for FY 2010–2011, the size of the economy of Yangon Region was 8.93 trillion kyat, or 23% of the national GDP. Greater Yangon is Lower Myanmar’s main trading hub for all kinds of merchandise – from basic food stuffs to used cars. Bayinnaung Market is the largest wholesale center in
Yangon universities in the country, highlighting the extreme shallowness of talent pool in the country. The wealthy bypass the state education system altogether, sending their children to private English language instruction schools such as YIEC or more widely known as ISM, or abroad (typically Singapore or Australia) for university education. In 2014, international schools in Yangon cost at least US$8,000 a year. There are over 20 universities and colleges in the city. While Yangon University remains the best known (its main campus is a part of popular Burmese culture e.g. literature, music, film, etc.), the nation's oldest university is now mostly