| 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. |
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| GDP | 4.5% (2006) |
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| GDP - real growth rate | 0.4% (2005 est.) |
|
| GDP - composition by sector | agriculture: 0.9%
industry: 71.6%
services: 27.5% (2005 est.) |
|
| Population below poverty line | NA% |
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Household income or consumption
by percentage share | lowest 10%: NA%
highest 10%: NA% |
|
| Labor force | 180,400 (2006 est.) |
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| Labor force - by occupation | agriculture: 2.9%
industry: 61.1%
services: 36% (2003 est.) |
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| Unemployment rate | 4% (2006) |
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| Budget | revenues: $3.765 billion
expenditures: $4.815 billion; including capital expenditures of $NA (2004 est.) |
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| Industries | petroleum, petroleum refining, liquefied natural gas, construction |
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| Industrial production growth rate | 1.8% (2005 est.) |
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Electricity -
production | 2.913 billion kWh (2005) |
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Electricity -
production by source | fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001) |
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Electricity -
consumption | 2.726 billion kWh (2005 est.) |
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Electricity -
exports | 0 kWh (2005) |
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Electricity -
imports | 0 kWh (2005) |
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| Oil - production | 219,300 bbl/day (2006) |
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| Oil - consumption | 14,900 bbl/day (2006 est.) |
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| Oil - exports | 205,600 bbl/day (2006) |
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| Oil - imports | 31,190 bbl/day (2006) |
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| Oil - proved reserves | 1.255 billion bbl (1 January 2002) |
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| Agriculture - products | rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs |
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| Exports | $6.247 billion f.o.b. (2005 est.) |
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| Exports - commodities | crude oil, natural gas, refined products, clothing |
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| Exports - partners | Japan 36.8%, Indonesia 19.3%, South Korea 12.7%, US 9.5%, Australia 9.3% (2005) |
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| Imports | $1.481 billion c.i.f. (2005 est.) |
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| Imports - commodities | machinery and transport equipment, manufactured goods, food, chemicals |
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| Imports - partners | Singapore 32.7%, Malaysia 23.3%, Japan 6.9%, UK 5.3%, Thailand 4.5%, South Korea 4% (2005) |
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| Debt - external | $0 (2005) |
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| Economic aid - recipient | $NA |
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| Currency code | BND |
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| Exchange rates | Bruneian dollars per US dollar - 1.5886 (2006), 1.6644 (2005), 1.6902 (2004), 1.7422 (2003), 1.7906 (2002) |
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| Fiscal year | 1 April - 31 March |
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