Brunei

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Economy - 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. Bruneis 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	$9.557 billion (2006 est.)

Gdp official exchange rate	$9.531 billion (2005 est.)

Gdp real growth rate	0.4% (2005 est.)

Gdp per capita ppp	$25,600 (2005 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	1.1% (2005)

Budget	revenues: $3.765 billion expenditures: $4.815 billion; including capital expenditures of $NA (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	2.913 billion kWh (2005)

Electricity consumption	2.726 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 2005)

Natural gas production	11.5 billion cu m (2004 est.)

Natural gas consumption	2 billion cu m (2004 est.)

Natural gas exports	9.5 billion cu m (2004 est.)

Natural gas imports	0 cu m (2004 est.)

Natural gas proved reserves	390.8 billion cu m (1 January 2005 est.)

Exports	$6.247 billion f.o.b. (2005 est.)

Exports commodities	crude oil, natural gas, refined products, clothing

Exports partners	Japan 31.2%, Indonesia 20.3%, South Korea 13.3%, Australia 11.7%, US 7.9% (2006)

Imports	$1.481 billion c.i.f. (2005 est.)

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

Imports partners	Singapore 30.7%, Malaysia 18.4%, UK 7.8%, Japan 5.4%, China 5.3%, Thailand 4.4%, South Korea 4.1% (2006)

Debt external	$0 (2005)

Economic aid recipient	$NA

Currency code	Bruneian dollar (BND)

Exchange rates	Bruneian dollars per US dollar - 1.5886 (2006), 1.6644 (2005), 1.6902 (2004), 1.7422 (2003), 1.7906 (2002)

Communications - Brunei:
Transportation - Brunei:
Military - Brunei:

This page was last updated on 16 September, 2007
Source: CIA >>>

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home : Countries: Asia : Developed : Monarchy : Small to 100 000 km2 : Population to 10 000 000 people

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Brunei

Brunei: Travel tips, articles, photos, gallery, cities database, population, pics, flags, statistics, free maps online

Back to Countries, Click to read the whole article: Brunei

Economy overview

Gdp purchasing power parity

$9.557 billion (2006 est.)

Gdp official exchange rate

$9.531 billion (2005 est.)

Gdp real growth rate

0.4% (2005 est.)

Gdp per capita ppp

$25,600 (2005 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

1.1% (2005)

Budget

revenues: $3.765 billion expenditures: $4.815 billion; including capital expenditures of $NA (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

2.913 billion kWh (2005)

Electricity consumption

2.726 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 2005)

Natural gas production

11.5 billion cu m (2004 est.)

Natural gas consumption

2 billion cu m (2004 est.)

Natural gas exports

9.5 billion cu m (2004 est.)

Natural gas imports

0 cu m (2004 est.)

Natural gas proved reserves

390.8 billion cu m (1 January 2005 est.)

Exports

$6.247 billion f.o.b. (2005 est.)

Exports commodities

crude oil, natural gas, refined products, clothing

Exports partners

Japan 31.2%, Indonesia 20.3%, South Korea 13.3%, Australia 11.7%, US 7.9% (2006)

Imports

$1.481 billion c.i.f. (2005 est.)

Imports commodities

machinery and transport equipment, manufactured goods, food, chemicals

Imports partners

Singapore 30.7%, Malaysia 18.4%, UK 7.8%, Japan 5.4%, China 5.3%, Thailand 4.4%, South Korea 4.1% (2006)

Debt external

$0 (2005)

Economic aid recipient

$NA

Currency code

Bruneian dollar (BND)

agriculture: 0.9%
industry: 71.6%
services: 27.5% (2005 est.)

agriculture: 2.9%
industry: 61.1%
services: 36% (2003 est.)

lowest 10%: NA%
highest 10%: NA%

revenues: $3.765 billion
expenditures: $4.815 billion; including capital expenditures of $NA (2004 est.)