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Brunei Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Brunei Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 15,

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.

GDP (purchasing power parity):
$21.11 billion (2011 est.)
country comparison to the world: 125

$20.5 billion (2010 est.)
$19.99 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$15.6 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
2.8% (2011 est.)
country comparison to the world: 127

2.6% (2010 est.)
-1.8% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$49,400 (2011 est.)
country comparison to the world: 8

$49,300 (2010 est.)
$49,300 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 0.9%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 72.3%
[see also: GDP - composition by sector - industry country ranks ]
services: 26.8% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
188,800 (2008)
country comparison to the world: 172
[see also: Labor force country ranks ]

Labor force - by occupation:
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 ]

Unemployment rate:
3.7% (2008)
country comparison to the world: 33

3.4% (2007)
[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%
[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 ]

Investment (gross fixed):
16.7% of GDP (2011 est.)
country comparison to the world: 153
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $5.565 billion
[see also: Budget revenues country ranks ]
expenditures: $5.887 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
35.7% of GDP (2011 est.)
country comparison to the world: 58
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.1% of GDP (2011 est.)
country comparison to the world: 82
[see also: Budget surplus (+) or deficit (-) country ranks ]

Inflation rate (consumer prices):
2% (2011 est.)
country comparison to the world: 19

0.4% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
5.5% (31 December 2011 est.)
country comparison to the world: 152

5.5% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.275 billion (31 December 2011 est.)
country comparison to the world: 114

$2.954 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$10.69 billion (31 December 2011 est.)
country comparison to the world: 102

$9.731 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$4.032 billion (31 December 2011 est.)
country comparison to the world: 117

$3.019 billion (31 December 2010 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 ]

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

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

Industrial production growth rate:
-5.4% (2008 est.)
country comparison to the world: 163
[see also: Industrial production growth rate country ranks ]

Electricity - production:
3.218 billion kWh (2008 est.)
country comparison to the world: 125
[see also: Electricity - production country ranks ]

Electricity - consumption:
3.054 billion kWh (2008 est.)
country comparison to the world: 127
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
159,400 bbl/day (2010 est.)
country comparison to the world: 43
[see also: Oil - production country ranks ]

Oil - consumption:
17,000 bbl/day (2010 est.)
country comparison to the world: 137
[see also: Oil - consumption country ranks ]

Oil - exports:
153,000 bbl/day (2009 est.)
country comparison to the world: 59
[see also: Oil - exports country ranks ]

Oil - imports:
138 bbl/day (2009 est.)
country comparison to the world: 205
[see also: Oil - imports country ranks ]

Natural gas - production:
11.5 billion cu m (2009 est.)
country comparison to the world: 39
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
2.69 billion cu m (2009 est.)
country comparison to the world: 77
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
8.81 billion cu m (2009 est.)
country comparison to the world: 23
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2009 est.)
country comparison to the world: 165
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
390.8 billion cu m (1 January 2011 est.)
country comparison to the world: 33
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$3.977 billion (2009 est.)
country comparison to the world: 38

$3.977 billion (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$10.67 billion (2008)
country comparison to the world: 93

$8.25 billion (2007)
[see also: Exports country ranks ]

Exports - commodities:
crude oil, natural gas, garments

Exports - partners:
Japan 45.6%, South Korea 12%, Australia 11.9%, Indonesia 7.4%, China 7.1%, India 5.8%, NZ 5.1% (2010)

Imports:
$2.61 billion (2008 est.)
country comparison to the world: 150

$2.055 billion (2007 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and transport equipment, manufactured goods, food, chemicals

Imports - partners:
Singapore 33.5%, Malaysia 19.9%, China 13%, UK 6.9%, Japan 5.3%, Thailand 4.6%, US 4.4% (2010)

Reserves of foreign exchange and gold:
$1.563 billion (31 December 2010 est.)
country comparison to the world: 126

$1.357 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

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

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

1.24 (2011)
1.36 (2010 est.)
1.45 (2009)


NOTE: 1) The information regarding Brunei on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Brunei Economy 2012 information contained here. All suggestions for corrections of any errors about Brunei Economy 2012 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






This page was last modified 07-Mar-12
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