4 GeoFroggy

Brunei

Continent:

Geography

People &
Society

Government

Economy

Energy

Communications

Military &
Security

Transportation

Terrorism

Transnational Issues
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Economy Overview

small, tourism-dependent, territorial-island economy; very high public debt; COVID-19 crippled economic activity; partial recovery underway via tourism, benefitting from its high amount of timeshare residences; considering reopening oil refinery

Agriculture Products

aloes; livestock; fish

Industries

tourism, petroleum transshipment facilities, banking

Industrial Production Growth Rate

NA

Labor Force

51,610 (2007 est.)

Unemployment Rate

7.7% (2016 est.)comparison ranking: 100

Population Below Poverty Line

NA

Household Income or Consumption by Percentage Share

Lowest 10%: NA

Highest 10%: NA

Budget

Revenues: $793 million (2019 est.)

Expenditures: $782 million (2019 est.)

Budget Surplus

-2.7% (of GDP) (2017 est.)comparison ranking: 121

Public Debt

86% of GDP (2017 est.)84.7% of GDP (2016 est.)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

Stock of Broad Money

Stock of Domestic Credit

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

$1.513 billion (31 December 2021 est.)$1.213 billion (31 December 2020 est.)$982.3 million (31 December 2019 est.)

Debt External

$693.2 million (31 December 2014 est.)$666.4 million (31 December 2013 est.)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

0: Aruban guilders/florins per US dollar -

Exchange rates: 1.79 (2021 est.)1.79 (2020 est.)1.79 (2019 est.)1.79 (2018 est.)1.79 (2017 est.)

Year

Taxes and Other Revenues

  • 25.2% (of GDP) (2017 est.)comparison ranking: 47

Fiscal Year

  • calendar year

Real GDP

    $4.141 billion (2021 est.)$3.534 billion (2020 est.)$4.341 billion (2019 est.)

GDP Purchasing Power Parity

GDP Real Growth Rate

    17.17% (2021 est.)-18.59% (2020 est.)0.64% (2019 est.)

GDP Per Capital

    $38,900 (2021 est.)$33,200 (2020 est.)$40,800 (2019 est.)

Inflation Rate

    4.26% (2019 est.)3.63% (2018 est.)-1.03% (2017 est.)

Credit Ratings

  • Fitch rating
    BB (2020)
  • Standard & Poors rating
    BBB+ (2013)

Gross National Saving

GDP Composition by end Use

  • Household consumption
    60.3% (2014 est.)
  • Government consumption
    25.3% (2015 est.)
  • Investment in fixed capital
    22.3% (2014 est.)
  • Investment in inventories
    0% (2015 est.)
  • Exports of goods and services
    70.5% (2015 est.)
  • Imports of goods and services
    -76.6% (2015 est.)

GDP Composition by Sector of Origin

  • Agriculture
    0.4% (2002 est.)
  • Industry
    33.3% (2002 est.)
  • Services
    66.3% (2002 est.)

Inflation Rate Consumer Prices

Current Account Balance

    $79.257 million (2021 est.)-$316.455 million (2020 est.)$84.797 million (2019 est.)

Exports

  • 0
    $2.201 billion (2021
  • Note
    Data are in

Exports Partners

  • Malaysia
    57%
  • United
    States
  • Netherlands
    6%
  • Jordan
    6%
  • Venezuela
    5%

Exports Commodities

    Crude petroleum, cigarettes, whiskies, refined petroleum, scrap iron (2021)

Imports

    $1.947 billion (2021 est.) note: data are in current year dollars

Imports Partners

  • United
    States
  • Netherlands
    16%

Imports Commodities

    Refined petroleum, jewelry, cars, vehicle parts, tobacco products (2019)
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