Brunei: Economy

Economic Trivia

Crude oil and natural gas production account for 60% of GDP and more than 90% of exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2015): Japan, South Korea, and Malaysia
Top 3 Exported Goods (2015): Oil & Mineral Fuels, Organic Chemicals, and Industrial Machinery

Top Industries Source: CIA World Factbook

Petroleum; Petroleum Refining; Liquefied Natural Gas; Construction

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $29,968,912,429 (2015)
GDP Growth Rate (annual %) -0.5% (2015)
GDP Per Capita, PPP (current international) $70,817 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 125/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) -0.194% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 8.7% (2015)
Real Interest Rate (5 year average %) 6.804% (2015)
Manufacturing, value added (% of GDP) 12.349% (2013)
Current Account Balance (BoP, current US$) $2,070,943,253 (2015)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 203,304 (2014)
Employment in Agriculture (% of total employment) 0.6% (2014)
Employment in Industry (% of total employment) 18.7% (2014)
Employment in Services (% of total employment) 80.8% (2014)
Unemployment Rate 3.8% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $6,099,763,220 (2014)
Exports of goods and services (current US$) $12,141,041,831 (2014)
Total Merchandise Trade (% of GDP) 82.478% (2014)
FDI, net inflows (BoP, current US$) $173,243,340 (2015)
Commercial Service Exports (current US$) $556,811,340 (2014)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Brunei’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary