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    Brunei Economy - 1989

      Overview: The economy is almost totally supported by exports of crude oil and natural gas, with revenues from the petroleum sector accounting for more than 70% of GDP. Per capita income of over $13,000 is among the highest in the world. The government provides for all medical services and subsidizes food and housing.

      GDP: $3.1 billion, per capita $13,663; real growth rate NA% (1987)

      Inflation rate (consumer prices): 2-3% (1987)

      Unemployment: 3.4%, shortage of skilled labor (1984)

      Budget: revenues $1.2 billion; expenditures $1.1 billion, including capital expenditures of NA (1987)

      Exports: $2.07 billion (f.o.b., 1987); @m5commodities--crude oil, liquefied natural gas, petroleum products 98-99%; @m5partners--Japan 55% (1986)

      Imports: $800 million (c.i.f., 1987); @m5commodities--includes machinery and transport equipment, manufactured goods, beverages, tobacco; most consumer goods and food imported; @m5partners--Singapore 31%, US 20%, Japan 6% (1986)

      External debt: none

      Industrial production: growth rate NA%

      Electricity: 210,000 kW capacity; 605 million kWh produced, 1,910 kWh per capita (1987)

      Industries: petroleum, liquefied natural gas, construction

      Agriculture: rice, pepper

      Aid: NA

      Currency: Bruneian dollar (plural--dollars); 1 Bruneian dollar (B$) = 100 cents

      Exchange rates: Bruneian dollars (B$) per US$1--1.9401 (January 1989), 2.0124 (1988), 2.1060 (1987), 2.1774 (1986), 2.2002 (1985); 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 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brunei Economy 1989 information contained here. All suggestions for corrections of any errors about Brunei Economy 1989 should be addressed to the CIA.

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    Revised 15-Apr-03
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