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.
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: 164
Labor Force
188,800 (2008)country comparison to the world: 172
Electricity production
3.218 billion kWh (2008 est.)country comparison to the world: 125
Electricity Consumption
3.054 billion kWh (2008 est.)country comparison to the world: 127
Electricity Exports
0 kWh (2009 est.)
Electricity Imports
0 kWh (2009 est.)
Unemployment Rate
3.7% (2008)country comparison to the world: 30 3.4% (2007)
Population Below Poverty Line
NA%
Household Income or Consumption by Percentage Share
Lowest 10%: NA%
Highest 10%: NA%
Budget
Revenues: $4.689 billion
Expenditures: $4.869 billion (2010 est.)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$2.954 billion (31 December 2010 est.)country comparison to the world: 111 $3.841 billion (31 December 2009 est.)
Stock of Broad Money
$9.731 billion (31 December 2010 est.)country comparison to the world: 103 $8.548 billion (31 December 2009 est.)
Stock of Domestic Credit
$3.019 billion (31 December 2010 est.)country comparison to the world: 121 $2.209 billion (31 December 2009 est.)
Market Value of Publicly Traded Shares
$NA
Reserves of Foreign Exchange and Gold
$1.563 billion (2010)country comparison to the world: 126 $1.357 billion (31 December 2009 est.)
Debt External
$0 (2005)country comparison to the world: 199
Stock of Direct Foreign Investment at Home
Stock of Direct Foreign Investment Abroad
Exchange Rates
Bruneian dollars (BND) per US dollar -1.36 (2010)1.45 (2009)2 (2006)2 (2005)2 (2004)
