4 GeoFroggy

BRUNEI

Continent:

Geography

People &
Society

Government

Economy

Energy

Communications

Military &
Security

Transportation

Terrorism

Transnational Issues
View Large Map

Economy Overview

The Bruneian Government wants to diversify its economy away from hydrocarbon exports to other industries such as information and communications technology and halal manufacturing, permissible under Islamic law. Brunei’s trade in 2016 was set to increase following its regional economic integration in the ASEAN Economic Community, and the expected ratification of the Trans-Pacific Partnership trade agreement.

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

-2.9% (2016 est.)

Labor Force

203,600 (2014 est.)

Labor Force by Occupation

Agriculture: 4.2%

Industry: 62.8%

Services: 33% (2008 est.)

Unemployment Rate

9.3% (2011 est.)

Population Below Poverty Line

NA%

Household Income or Consumption by Percentage Share

Lowest 10%: NA%

Highest 10%: NA%

Budget

Revenues: $2.679 billion

Expenditures: $4.561 billion (2016 est.)

Public Debt

3% of GDP (2015 est.)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

$3.31 billion (31 December 2015 est.)

Stock of Broad Money

$10.16 billion (31 December 2015 est.)

Stock of Domestic Credit

$5.323 billion (31 December 2015 est.)

Market Value of Publicly Traded Shares

$NA

Reserves of Foreign Exchange and Gold

Debt External

$0 (2013)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

1.25 (2012 est.)
Year

GDP Official Exchange Rate

  • $11.4 billion 2016 est.

Taxes and Other Revenues

  • 24% of GDP (2016 est.)

Budget Surplus or Deficit

  • -16.8% of GDP (2016 est.)

Fiscal Year

  • 1 April - 31 March

GDP Purchasing Power Parity

    $32.95 billion (2014 est.)

GDP Real Growth Rate

    -2.5% (2014 est.)

GDP Per Capital

    $81,900 (2014 est.)

Gross National Saving

    58.1% of GDP (2014 est.)

GDP Composition by end Use

  • Household consumption
    22.5%
  • Government consumption
    26.6%
  • Investment in fixed capital
    35.3%
  • Investment in inventories
    0%
  • Exports of goods and services
    52.1%
  • Imports of goods and services
    -36.5% (2016 est.)

GDP Composition by Sector of Origin

  • Agriculture
    1.2%
  • Industry
    56.5%
  • Services
    42.4% (2016 est.)

Inflation Rate Consumer Prices

    -0.4% (2015 est.)

Current Account Balance

    $2.071 billion (2015 est.)

Exports

    $6.126 billion (2015 est.)

Exports Partners

  • Japan
    36.5%
  • South
    Korea
  • Thailand
    10.6%
  • India
    9.8%
  • Malaysia
    6.6%
  • China
    4.6%

Exports Commodities

    Mineral fuels, organic chemicals

Imports

    $3.216 billion (2015 est.)

Imports Partners

  • US
    28.4%
  • Malaysia
    24%
  • Singapore
    7.1%
  • Indonesia
    5.7%
  • Japan
    5.3%
  • China
    4.9%
  • Australia
    4.3%

Imports Commodities

    Machinery and mechanical appliance parts, mineral fuels, motor vehicles, electric machinery
Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took.
Product
Company
Resources
Contact
mail@geofroggy.com