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 60% 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. For Bruneian citizens the government provides for all medical services and free education through the university level. The government of Brunei has been emphasizing through policy and resource investments it strong desire to diversity its economy both within the oil and gas sector and to new sectors.
Agriculture Products
rice, vegetables, fruits, chickens, water buffalo, cattle, goats, eggs
Industries
petroleum, petroleum refining, liquefied natural gas, construction, agriculture, transportation
Industrial Production Growth Rate
1.5% (2013 est.) country comparison to the world: 135
Labor Force
205,800 (2011 est.) country comparison to the world: 169
Unemployment Rate
2.6% (2011) country comparison to the world: 21 2.7% (2010)
Population Below Poverty Line
Household Income or Consumption by Percentage Share
Lowest 10%: NA%
Highest 10%: NA%
Budget
Revenues: $6.992 billion
Expenditures: $5.366 billion (2013 est.)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$3.472 billion (31 December 2013 est.) country comparison to the world: 113 $3.509 billion (31 December 2012 est.)
Stock of Broad Money
$11.92 billion (31 December 2013 est.) country comparison to the world: 99 $11.41 billion (31 December 2012 est.)
Stock of Domestic Credit
$2.846 billion (31 December 2013 est.) country comparison to the world: 127 $2.351 billion (31 December 2012 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 -1.23 (2013 est.) 1.2496 (2012 est.) 1.3635 (2010 est.) 1.45 (2009)
