| Economy | Brunei |
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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. Brunei's leaders are concerned that steadily increased integration into the world economy will undermine internal social cohesion. 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):
|
$20.25 billion (2008 est.)
$20.13 billion (2007)
$20.01 billion (2006)
note: data are in 2008 US dollars |
GDP - per capita (PPP):
|
$53,100 (2008 est.)
$53,700 (2007 est.)
$54,400 (2006 est.)
note: data are in 2008 US dollars |
GDP (official exchange rate):
|
$17.18 billion (2008 est.) |
GDP - real growth rate:
|
0.4% (2008 est.)
0.6% (2007 est.)
5.1% (2006 est.) |
GDP - composition by sector:
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agriculture: 0.7%
industry: 75%
services: 25% (2005 est.) |
Investment (gross fixed):
|
void |
Population below poverty line:
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NA% |
Household income or consumption by percentage share:
|
lowest 10%: NA%
highest 10%: NA% |
Distribution of family income - Gini index:
|
void |
Inflation rate (consumer prices):
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0.3% (2007 est.) |
Central bank discount rate:
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void |
Commercial bank prime lending rate:
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5.5% (February 2009) |
Stock of money:
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$2.674 billion (31 December 2007) |
Stock of money - per capita:
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6,889 USD per capita |
Stock of quasi money:
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$4.258 billion (31 December 2007) |
Stock of quasi money - per capita:
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10,969 USD per capita |
Stock of domestic credit:
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$2.38 billion (31 December 2007) |
Stock of domestic credit - per capita:
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6,132 USD per capita |
Labor force:
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188,800 (2008 est.) |
Labor force participation rate:
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48.64 % of population |
Labor force - by occupation:
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agriculture: 4.5%
industry: 63.1%
services: 32.4% (2003 est.) |
Unemployment rate:
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3.7% (2008) |
Budget:
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revenues: $6.889 billion
expenditures: $4 billion (2008 est.) |
Budget revenues per capita:
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17,747 USD per capita |
Public debt:
|
void |
Industries:
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petroleum, petroleum refining, liquefied natural gas, construction |
Industrial production growth rate:
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1.8% (2006 est.) |
Electricity - production:
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3.145 billion kWh (2007 est.) |
Electricity - production per capita:
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8,102 kWh per capita |
Electricity - consumption:
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2.758 billion kWh (2007 est.) |
Electricity - consumption - per capita:
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7,105 kWh per capita |
Electricity - exports:
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0 kWh (2007 est.) |
Electricity - imports:
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0 kWh (2007 est.) |
Oil - production:
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192,600 bbl/day (1st quarter 2008 est.) |
Oil - production per capita:
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496,149 bbl/day per capita |
Oil - consumption:
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13,200 bbl/day (2006 est.) |
Oil - consumption - per capita:
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12.41 bbl/year per capita |
Oil - exports:
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200,000 bbl/day (2005) |
Oil - imports:
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304 bbl/day (2005) |
Oil - proved reserves:
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1.1 billion bbl (1 January 2008 est.) |
Natural gas - production:
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13.8 billion cu m (2006 est.) |
Natural gas - production per capita:
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35,550 cu m per capita |
Natural gas - consumption:
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3.99 billion cu m (2006 est.) |
Natural gas - consumption - per capita:
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10,279 cu m per capita |
Natural gas - exports:
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9.4 billion cu m (2007 est.) |
Natural gas - imports:
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0 cu m (2007 est.) |
Natural gas - proved reserves:
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390.8 billion cu m (1 January 2008 est.) |
Agriculture - products:
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rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs |
Current account balance:
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$7.101 billion (2007 est.) |
Current account balance - per capita:
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18,293 USD per capita |
Exports:
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$8.25 billion f.o.b. (2007) |
Exports per capita:
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21,253 USD per capita |
Exports - commodities:
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crude oil, natural gas, garments |
Exports - partners:
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Japan 32.8%, Indonesia 24.4%, Australia 13.4%, South Korea 12.2%, US 5.5% (2007) |
Imports:
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$2.055 billion c.i.f. (2007 est.) |
Imports per capita:
|
5,294 USD per capita |
Imports - commodities:
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machinery and transport equipment, manufactured goods, food, chemicals |
Imports - partners:
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UK 46.4%, Singapore 19.5%, Malaysia 11.3% (2007) |
Reserves of foreign exchange and gold:
|
void |
Reserves of foreign exchange and gold - per capita:
|
void |
Debt - external:
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$0 (2005) |
Debt - external - per capita:
|
void |
Stock of direct foreign investment - at home:
|
void |
Stock of direct foreign investment - at home - per capita:
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void |
Stock of direct foreign investment - abroad:
|
void |
Stock of direct foreign investment - abroad - per capita:
|
void |
Market value of publicly traded shares:
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$NA |
Market value of publicly traded shares - per capita:
|
void |
Economic aid - donor:
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void |
Economic aid - recipient:
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$770,000 (2004) |
Economic aid - recipient per capita:
|
1 USD per capita |
Currency (code):
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Bruneian dollar (BND) |
Exchange rates:
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Bruneian dollars (BND) per US dollar - NA (2007), 1.5886 (2006), 1.6644 (2005), 1.6902 (2004), 1.7422 (2003) |
Fiscal year:
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1 April - 31 March |
|
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