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Brunei Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Brunei Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 23, 2014

Economy - overview:
Brunei has a small well-to-do economy that depends on revenue from natural resource extraction but encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for 60% 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. For Bruneian citizens the government provides for all medical services and free education through the university level. The government of Brunei has been emphasizing through policy and resource investments it strong desire to diversity its economy both within the oil and gas sector and to new sectors.

GDP (purchasing power parity):
$22.25 billion (2013 est.)
country comparison to the world: 128

$21.93 billion (2012 est.)
$21.73 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$16.56 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
1.4% (2013 est.)
country comparison to the world: 164

0.9% (2012 est.)
3.4% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$54,800 (2013 est.)
country comparison to the world: 12

$54,900 (2012 est.)
$55,200 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition, by end use:
household consumption: 22.1%
government consumption: 18.2%
investment in fixed capital: 14.6%
investment in inventories: 0%
exports of goods and services: 78.4%
imports of goods and services: -33.3%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 0.7%
industry: 70.9%
services: 28.4% (2013 est.)

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

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

Industrial production growth rate:
1.5% (2013 est.)
country comparison to the world: 135
[see also: Industrial production growth rate country ranks ]

Labor force:
205,800 (2011 est.)
country comparison to the world: 169
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 4.2%
industry: 62.8%
services: 33% (2008 est.)

Unemployment rate:
2.6% (2011)
country comparison to the world: 21

2.7% (2010)
[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%
highest 10%: NA%

Budget:
revenues: $6.992 billion
expenditures: $5.366 billion (2013 est.)

Taxes and other revenues:
42.2% of GDP (2013 est.)
country comparison to the world: 29
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
9.8% of GDP (2013 est.)
country comparison to the world: 5
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
1% (2013 est.)
country comparison to the world: 24

0.5% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
5.5% (31 December 2013 est.)
country comparison to the world: 142

5.5% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.472 billion (31 December 2013 est.)
country comparison to the world: 113

$3.509 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$11.92 billion (31 December 2013 est.)
country comparison to the world: 99

$11.41 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$2.846 billion (31 December 2013 est.)
country comparison to the world: 127

$2.351 billion (31 December 2012 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 ]

Current account balance:
$3.977 billion (2009 est.)
country comparison to the world: 31
[see also: Current account balance country ranks ]

Exports:
$12.75 billion (2011)
country comparison to the world: 86

$9.88 billion (2010)
[see also: Exports country ranks ]

Exports - commodities:
crude oil, natural gas, garments

Exports - partners:
Japan 45.7%, South Korea 15.1%, Australia 9.1%, NZ 6.6%, India 5.8%, Vietnam 4.7% (2012)

Imports:
$3.02 billion (2011 est.)
country comparison to the world: 147

$2.73 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
iron and steel, motor vehicles, machinery and transport equipment, manufactured goods, food, chemicals

Imports - partners:
Singapore 26.3%, China 21.3%, UK 21.3%, Malaysia 11.8% (2012)

Debt - external:
$0 (2005)
country comparison to the world: 202
[see also: Debt - external country ranks ]

Exchange rates:
Bruneian dollars (BND) per US dollar -

1.23 (2013 est.)
1.2496 (2012 est.)
1.3635 (2010 est.)
1.45 (2009)


NOTE: 1) The information regarding Brunei on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brunei Economy 2015 information contained here. All suggestions for corrections of any errors about Brunei Economy 2015 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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