Overview: The economy is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition. It is almost totally supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for more than 50% of GDP. Per capita GDP is among the highest in the Third World, and substantial income from overseas investment supplements domestic production. The government provides for all medical services and subsidizes food and housing.

National product: GDP - exchange rate conversion - $2.5 billion (1991 est.)

National product real growth rate: 1% (1991)

National product per capita: $9,000 (1991 est.)

Inflation rate (consumer prices): 2% (1993 est.)

Unemployment rate: 3.7% (1989)

Budget:
revenues: $1.3 billion
expenditures: $1.5 billion, including capital expenditures of $255 million (1989 est.)

Exports: $2.3 billion (f.o.b., 1992 est.)
commodities: crude oil, liquefied natural gas, petroleum products
partners: Japan 53%, UK 12%, South Korea 9%, Thailand 7%, Singapore 5% (1990)

Imports: $2 billion (c.i.f., 1992 est.)
commodities: machinery and transport equipment, manufactured goods, food, chemicals
partners: Singapore 35%, UK 26%, Switzerland 9%, US 9%, Japan 5% (1990)

External debt: $0

Industrial production: growth rate 12.9% (1987); accounts for 52.4% of GDP

Electricity:
capacity: 310,000 kW
production: 890 million kWh
consumption per capita: 3,300 kWh (1990)

Industries: petroleum, petroleum refining, liquefied natural gas, construction

Agriculture: imports about 80% of its food needs; principal crops and livestock include rice, cassava, bananas, buffaloes, and pigs

Economic aid:
recipient: US commitments, including Ex-Im (FY70-87), $20.6 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $153 million

Currency: 1 Bruneian dollar (B$) = 100 cents
Exchange rates: Bruneian dollars (B$) per US$1 - 1.6032 (January 1994), 1.6158 (1993), 1.6290 (1992), 1.7276 (1991), 1.8125 (1990), 1.9503 (1989); note - the Bruneian dollar is at par with the Singapore dollar

Fiscal year: calendar year

NOTE: The information regarding Brunei on this page is re-published from the 1995 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brunei Economy 1995 information contained here. All suggestions for corrections of any errors about Brunei Economy 1995 should be addressed to the CIA.