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Brunei Economy 2011
https://theodora.com/wfb2011/brunei/brunei_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















Brunei Economy 2011
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on January 13, 2011

Economy - overview:
Brunei has a small well-to-do economy that encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for just over half of GDP and more than 90% of exports. Per capita GDP is among the highest in Asia, and substantial income from overseas investment supplements income from domestic production. The government provides for all medical services and free education through the university level and subsidizes rice and housing. A new monetary authority was established in January 2011 with responsibilities that include monetary policy, monitoring of financial institutions, and currency trading activities. Other plans for the future include upgrading the labor force, reducing unemployment, strengthening the banking and tourist sectors, increasing agricultural production, and, in general, further widening the economic base beyond oil and gas.

GDP (purchasing power parity):
$19.88 billion (2010 est.)
country comparison to the world: 126

$19.68 billion (2009 est.)
$20.04 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$11.96 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1% (2010 est.)
country comparison to the world: 179

-1.8% (2009 est.)
-1.9% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$50,300 (2010 est.)
country comparison to the world: 9

$50,700 (2009 est.)
$52,500 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 0.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 74.1%
[see also: GDP - composition by sector - industry country ranks ]
services: 25.3% (2008 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
188,800 (2008 est.)
country comparison to the world: 171
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 4.2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 62.8%
[see also: Labor force - by occupation - industry country ranks ]
services: 33% (2008 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
3.7% (2008)
country comparison to the world: 31

4% (2006)
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $6.889 billion
[see also: Budget - revenues country ranks ]
expenditures: $4 billion (2008 est.)
[see also: Budget - expenditures country ranks ]

Inflation rate (consumer prices):
2.7% (2008 est.)
country comparison to the world: 84

0.3% (2007 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
5.5% (31 December 2009 est.)
country comparison to the world: 145

5.5% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.374 billion (30 March 2009)

$3.046 billion (31 December 2008)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$8.569 billion (31 December 2009)

$7.597 billion (31 December 2008)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$1.274 billion (31 December 2008 est.)
country comparison to the world: 143

$2.38 billion (31 December 2007 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs

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

Industrial production growth rate:
-5.4% (2008 est.)
country comparison to the world: 164
[see also: Industrial production growth rate country ranks ]

Electricity - production:
3.069 billion kWh (2008)
country comparison to the world: 123
[see also: Electricity - production country ranks ]

Electricity - consumption:
2.98 billion kWh (2008)
country comparison to the world: 127
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
146,000 bbl/day (2009 est.)
country comparison to the world: 48
[see also: Oil - production country ranks ]

Oil - consumption:
16,000 bbl/day (2009 est.)
country comparison to the world: 133
[see also: Oil - consumption country ranks ]

Oil - exports:
152,900 bbl/day (2007)
country comparison to the world: 59
[see also: Oil - exports country ranks ]

Oil - imports:
238 bbl/day (2007 est.)
country comparison to the world: 201
[see also: Oil - imports country ranks ]

Oil - proved reserves:
1.1 billion bbl (1 January 2010 est.)
country comparison to the world: 39
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
13.4 billion cu m (2008 est.)
country comparison to the world: 36
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
4.2 billion cu m (2008 est.)
country comparison to the world: 65
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
9.2 billion cu m (2008 est.)
country comparison to the world: 21
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 76
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
390.8 billion cu m (1 January 2010 est.)
country comparison to the world: 35
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$7.024 billion (2008 est.)
country comparison to the world: 27

$7.101 billion (2007 est.)
[see also: Current account balance country ranks ]

Exports:
$10.67 billion (2008)
country comparison to the world: 83

$8.25 billion (2007)
[see also: Exports country ranks ]

Exports - commodities:
crude oil, natural gas, garments

Exports - partners:
Japan 38.04%, Indonesia 25.95%, South Korea 14.17%, Australia 7.24% (2009)

Imports:
$2.61 billion (2008 est.)
country comparison to the world: 145

$2.055 billion (2007 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, manufactured goods, food, chemicals

Imports - partners:
Singapore 38.4%, Malaysia 18.7%, Japan 7.2%, China 5.42%, Thailand 5.19%, US 4.45%, UK 4.25% (2009)

Debt - external:
$0 (2005)
country comparison to the world: 196
[see also: Debt - external country ranks ]

Exchange rates:
Bruneian dollars (BND) per US dollar - 1.45 (2009), 1.45 (2009), 2 (2006), 2 (2005), 2 (2004)


NOTE: The information regarding Brunei on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brunei Economy 2011 information contained here. All suggestions for corrections of any errors about Brunei Economy 2011 should be addressed to the CIA.






This page was last modified 09-Feb-11
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