unbekannter Gast

Brunei: Economy#

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.

Economic Facts#

GDP (purchasing power parity)$22.25 billion (2013 est.)
$21.93 billion (2012 est.)
$21.73 billion (2011 est.)
note: data are in 2013 US dollars
GDP - real growth rate1.4% (2013 est.)
0.9% (2012 est.)
3.4% (2011 est.)
GDP - per capita (PPP)$54,800 (2013 est.)
$54,900 (2012 est.)
$55,200 (2011 est.)
note: data are in 2013 US dollars
GDP - composition, by sector of originagriculture: 0.7%
industry: 70.9%
services: 28.4% (2013 est.)
Population below poverty lineNA%
Household income or consumption by percentage sharelowest 10%: NA%
highest 10%: NA%
Labor force - by occupationagriculture: 4.2%
industry: 62.8%
services: 33% (2008 est.)
Exports - commoditiescrude oil, natural gas, garments
Exports - partnersJapan 45.7%, South Korea 15.1%, Australia 9.1%, NZ 6.6%, India 5.8%, Vietnam 4.7% (2012)
Agriculture - productsrice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs
Budgetrevenues: $6.992 billion
expenditures: $5.366 billion (2013 est.)
Imports - commoditiesiron and steel, motor vehicles, machinery and transport equipment, manufactured goods, food, chemicals
Imports - partnersSingapore 26.3%, China 21.3%, UK 21.3%, Malaysia 11.8% (2012)
Exchange ratesBruneian dollars (BND) per US dollar -
1.23 (2013 est.)
1.2496 (2012 est.)
1.3635 (2010 est.)
1.45 (2009)
Exports$12.75 billion (2011)
$9.88 billion (2010)
Debt - external$0 (2005)
Fiscal year1 April - 31 March
Imports$3.02 billion (2011 est.)
$2.73 billion (2010 est.)
Industrial production growth rate1.5% (2013 est.)
Industriespetroleum, petroleum refining, liquefied natural gas, construction, agriculture, transportation
Inflation rate (consumer prices)1% (2013 est.)
0.5% (2012 est.)
Labor force205,800 (2011 est.)
Unemployment rate2.6% (2011)
2.7% (2010)
Current account balance$3.977 billion (2009 est.)
GDP (official exchange rate)$16.56 billion (2013 est.)
Market value of publicly traded shares$NA
Commercial bank prime lending rate5.5% (31 December 2013 est.)
5.5% (31 December 2012 est.)
Stock of domestic credit$2.846 billion (31 December 2013 est.)
$2.351 billion (31 December 2012 est.)
Stock of narrow money$3.472 billion (31 December 2013 est.)
$3.509 billion (31 December 2012 est.)
Stock of broad money$11.92 billion (31 December 2013 est.)
$11.41 billion (31 December 2012 est.)
Taxes and other revenues42.2% of GDP (2013 est.)
Budget surplus (+) or deficit (-)9.8% of GDP (2013 est.)
GDP - composition, by end usehousehold 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.)