Brunei:
Economy

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Other pages in this profile of Brunei:
Geography, People, Government, Communications & Transportation, Military & Transnational Issues.


Economy - overview	Definition 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)	Definition - World rank and map $19.64 billion (2007 est.)
GDP (official exchange rate)	Definition $12.39 billion (2007 est.)
GDP - real growth rate	Definition - World rank and map 0.4% (2007 est.)
GDP - per capita	Definition - World rank and map $51,000 (2007 est.)
GDP - composition by sector	Definition agriculture: 0.9% industry: 71.6% services: 27.5% (2005 est.)
Labor force	Definition 180,400 (2006 est.)
Labor force - by occupation	Definition agriculture: 2.9% industry: 61.1% services: 36% (2003 est.)
Unemployment rate	Definition - World rank and map 4% (2006)
Population below poverty line	Definition NA%
Household income or consumption by percentage share	Definition lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices)	Definition - World rank and map 0.4% (2007 est.)
Budget	Definition revenues: $3.765 billion expenditures: $4.815 billion (2004 est.)
Agriculture - products	Definition rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs
Industries	Definition petroleum, petroleum refining, liquefied natural gas, construction
Industrial production growth rate	Definition - World rank and map 1.8% (2005 est.)
Electricity - production	Definition - World rank and map 2.735 billion kWh (2005)
Electricity - consumption	Definition - World rank and map 2.625 billion kWh (2005 est.)
Electricity - consumption per capita	Definition - World rank and map 6,883.1 kWh (2005 est.)
Electricity - exports	Definition 0 kWh (2005)
Electricity - imports	Definition 0 kWh (2005)
Oil - production	Definition - World rank and map 219,300 bbl/day (2006)
Oil - consumption	Definition - World rank and map 14,900 bbl/day (2006 est.)
Oil - consumption per 1,000 people	Definition - World rank and map 39.1 bbl/day (2006 est.)
Oil - exports	Definition - World rank and map 205,600 bbl/day (2006)
Oil - imports	Definition - World rank and map 660.1 bbl/day (2004)
Oil - proved reserves	Definition - World rank and map 1.35 billion bbl (1 January 2006 est.)
Natural gas - production	Definition - World rank and map 11.03 billion cu m (2005 est.)
Natural gas - consumption	Definition - World rank and map 2.254 billion cu m (2005 est.)
Natural gas - consumption per capita	Definition - World rank and map 5,910 cu m (2005 est.)
Natural gas - exports	Definition - World rank and map 8.776 billion cu m (2005 est.)
Natural gas - imports	Definition - World rank and map 0 cu m (2005)
Natural gas - proved reserves	Definition - World rank and map 374.8 billion cu m (1 January 2006 est.)
Current account balance	Definition - World rank and map $7.101 billion (2007 est.)
Exports	Definition - World rank and map $6.767 billion f.o.b. (2006)
Exports - commodities	Definition crude oil, natural gas, refined products, clothing
Exports - partners	Definition Japan 31%, Indonesia 23.7%, South Korea 17%, Australia 12.2%, US 5.2% (2006)
Imports	Definition - World rank and map $2 billion c.i.f. (2006)
Imports - commodities	Definition machinery and transport equipment, manufactured goods, food, chemicals
Imports - partners	Definition Singapore 33%, Malaysia 19.1%, UK 8.8%, US 6.6%, Japan 5.8%, China 4.8%, Thailand 4.3% (2006)
Debt - external	Definition - World rank and map $0 (2005)
Market value of publicly traded shares	Definition $NA
Economic aid - recipient	Definition $770,000 (2004)
Currency (code)	Definition Bruneian dollar (BND)
Exchange rates	Definition Bruneian dollars per US dollar - NA (2007), 1.5886 (2006), 1.6644 (2005), 1.6902 (2004), 1.7422 (2003)
Fiscal year	Definition 1 April - 31 March

Brunei: Economy

Brunei:
Economy