Economy Overview
Brunei has a small well-to-do economy that depends on revenue from natural resource extraction but 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
Industrial Production Growth Rate
-5.4% (2008 est.)country comparison to the world: 163
Labor Force
198,800 (2010 est.)country comparison to the world: 170
Unemployment Rate
2.7% (2010)country comparison to the world: 22 3.7% (2008)
Population Below Poverty Line
NA%
Household Income or Consumption by Percentage Share
Lowest 10%: NA%
Highest 10%: NA%
Budget
Revenues: $8.24 billion
Expenditures: $5.52 billion (2012 est.)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$3.594 billion (31 December 2012 est.)country comparison to the world: 113 $3.254 billion (31 December 2011 est.)
Stock of Broad Money
$11.62 billion (31 December 2012 est.)country comparison to the world: 102 $10.64 billion (31 December 2011 est.)
Stock of Domestic Credit
$4.032 billion (31 December 2011 est.)country comparison to the world: 120 $3.019 billion (31 December 2010 est.)
Market Value of Publicly Traded Shares
$NA
Reserves of Foreign Exchange and Gold
Debt External
$0 (2005)country comparison to the world: 202
Stock of Direct Foreign Investment at Home
Stock of Direct Foreign Investment Abroad
Exchange Rates
Bruneian dollars (BND) per US dollar -1.25 (2012 est.) 1.2579 (2011 est.) 1.3635 (2010 est.) 1.45 (2009)
