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): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Oil - proved reserves: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Debt - external: Exchange rates:
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.
$19.88 billion (2010 est.)
country comparison to the world: 126
note:
data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]
$11.96 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]
1% (2010 est.)
country comparison to the world: 179
[see also: GDP - real growth rate country ranks ]
$50,300 (2010 est.)
country comparison to the world: 9
note:
data are in 2010 US dollars
[see also: GDP - per capita country ranks ]
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 ]
188,800 (2008 est.)
country comparison to the world: 171
[see also: Labor force country ranks ]
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 ]
3.7% (2008)
country comparison to the world: 31
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
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 ]
revenues: $6.889 billion
[see also: Budget - revenues country ranks ]
expenditures:
$4 billion (2008 est.)
[see also: Budget - expenditures country ranks ]
2.7% (2008 est.)
country comparison to the world: 84
[see also: Inflation rate (consumer prices) country ranks ]
5.5% (31 December 2009 est.)
country comparison to the world: 145
[see also: Commercial bank prime lending rate country ranks ]
$3.374 billion (30 March 2009)
[see also: Stock of narrow money country ranks ]
$8.569 billion (31 December 2009)
[see also: Stock of broad money country ranks ]
$1.274 billion (31 December 2008 est.)
country comparison to the world: 143
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs
petroleum, petroleum refining, liquefied natural gas, construction
-5.4% (2008 est.)
country comparison to the world: 164
[see also: Industrial production growth rate country ranks ]
3.069 billion kWh (2008)
country comparison to the world: 123
[see also: Electricity - production country ranks ]
2.98 billion kWh (2008)
country comparison to the world: 127
[see also: Electricity - consumption country ranks ]
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]
146,000 bbl/day (2009 est.)
country comparison to the world: 48
[see also: Oil - production country ranks ]
16,000 bbl/day (2009 est.)
country comparison to the world: 133
[see also: Oil - consumption country ranks ]
152,900 bbl/day (2007)
country comparison to the world: 59
[see also: Oil - exports country ranks ]
238 bbl/day (2007 est.)
country comparison to the world: 201
[see also: Oil - imports country ranks ]
1.1 billion bbl (1 January 2010 est.)
country comparison to the world: 39
[see also: Oil - proved reserves country ranks ]
13.4 billion cu m (2008 est.)
country comparison to the world: 36
[see also: Natural gas - production country ranks ]
4.2 billion cu m (2008 est.)
country comparison to the world: 65
[see also: Natural gas - consumption country ranks ]
9.2 billion cu m (2008 est.)
country comparison to the world: 21
[see also: Natural gas - exports country ranks ]
0 cu m (2008 est.)
country comparison to the world: 76
[see also: Natural gas - imports country ranks ]
390.8 billion cu m (1 January 2010 est.)
country comparison to the world: 35
[see also: Natural gas - proved reserves country ranks ]
$7.024 billion (2008 est.)
country comparison to the world: 27
[see also: Current account balance country ranks ]
$10.67 billion (2008)
country comparison to the world: 83
[see also: Exports country ranks ]
crude oil, natural gas, garments
Japan 38.04%, Indonesia 25.95%, South Korea 14.17%, Australia 7.24% (2009)
$2.61 billion (2008 est.)
country comparison to the world: 145
[see also: Imports country ranks ]
machinery and transport equipment, manufactured goods, food, chemicals
Singapore 38.4%, Malaysia 18.7%, Japan 7.2%, China 5.42%, Thailand 5.19%, US 4.45%, UK 4.25% (2009)
$0 (2005)
country comparison to the world: 196
[see also: Debt - external country ranks ]
Bruneian dollars (BND) per US dollar - 1.45 (2009), 1.45 (2009), 2 (2006), 2 (2005), 2 (2004)
This page was last modified 09-Feb-11