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Flag of Brunei  Economy of Brunei


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 in 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, and, in general, further widening the economic base beyond oil and gas.
GDP (purchasing power parity):
 $19.64 billion (2007 est.)
GDP (official exchange rate):
 $12.39 billion (2007 est.)
GDP - real growth rate:
 0.4% (2007 est.)
GDP - per capita (PPP):
 $51,000 (2007 est.)
GDP - composition by sector:
 agriculture: 0.9% industry: 71.6% services: 27.5% (2005 est.)
Labor force:
 180,400 (2006 est.)
Labor force - by occupation:
 agriculture: 2.9% industry: 61.1% services: 36% (2003 est.)
Unemployment rate:
 4% (2006)
Population below poverty line:
 NA%
Household income or consumption by percentage share:
 lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices):
 0.4% (2007 est.)
Budget:
 revenues: $3.765 billion expenditures: $4.815 billion (2004 est.)
Agriculture - products:
 rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs
Industries:
 petroleum, petroleum refining, liquefied natural gas, construction
Industrial production growth rate:
 1.8% (2005 est.)
Electricity - production:
 2.735 billion kWh (2005)
Electricity - consumption:
 2.625 billion kWh (2005 est.)
Electricity - exports:
 0 kWh (2005)
Electricity - imports:
 0 kWh (2005)
Oil - production:
 219,300 bbl/day (2006)
Oil - consumption:
 14,900 bbl/day (2006 est.)
Oil - exports:
 205,600 bbl/day (2006)
Oil - imports:
 660.1 bbl/day (2004)
Oil - proved reserves:
 1.35 billion bbl (1 January 2006 est.)
Natural gas - production:
 11.03 billion cu m (2005 est.)
Natural gas - consumption:
 2.254 billion cu m (2005 est.)
Natural gas - exports:
 8.776 billion cu m (2005 est.)
Natural gas - imports:
 0 cu m (2005)
Natural gas - proved reserves:
 374.8 billion cu m (1 January 2006 est.)
Current account balance:
 $7.101 billion (2007 est.)
Exports:
 $6.767 billion f.o.b. (2006)
Exports - commodities:
 crude oil, natural gas, refined products, clothing
Exports - partners:
 Japan 30.8%, Indonesia 23.6%, South Korea 16.9%, Australia 12.2%, US 5.2% (2007)
Imports:
 $2 billion c.i.f. (2006)
Imports - commodities:
 machinery and transport equipment, manufactured goods, food, chemicals
Imports - partners:
 UK 46.3%, Singapore 19.4%, Malaysia 11.2% (2007)
Economic aid - recipient:
 $770,000 (2004)
Debt - external:
 $0 (2005)
Market value of publicly traded shares:
 $NA
Currency (code):
 Bruneian dollar (BND)
Exchange rates:
 Bruneian dollars per US dollar - NA (2007), 1.5886 (2006), 1.6644 (2005), 1.6902 (2004), 1.7422 (2003)
Fiscal year:
 1 April - 31 March

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<a title="Flag of Brunei" href="http://www.bttranslations.com/countries/flag-of-brunei.htm" >Flag of Brunei</a> from the site of <a title="BTT Translation Company" href="http://www.bttranslations.com/">BTT Translation Services</a>
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Country Profile of Brunei
Communications of Brunei
Economy of Brunei
Geography of Brunei
Government of Brunei
Transnational Issues of Brunei
Military of Brunei
People of Brunei
Transportation of Brunei

The information above is a partial reproduction of Google Maps and the CIA World Factbook.


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