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Brunei:
Economy

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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


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