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 (2016): Japan, Malaysia, and Singapore
Top 3 Exported Goods (2016): Oil & Mineral Fuels, Industrial Machinery, and Organic Chemicals

Top Industries Source: CIA World Factbook

Petroleum; Petroleum Refining; Liquefied Natural Gas; Construction

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $33,796,810,143 (2017)
GDP Growth Rate (annual %) 1.329% (2017)
GDP Per Capita, PPP (current international) $78,836 (2017)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 126/195 (2017)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) -0.732% (2016)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 8% (2017)
Real Interest Rate (5 year average %) 0.519% (2017)
Manufacturing, value added (% of GDP) 12.658% (2017)
Current Account Balance (BoP, current US$) $1,766,394,451 (2016)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 221,398 (2017)
Employment in Agriculture (% of total employment) 0.52% (2017)
Employment in Industry (% of total employment) 17.672% (2017)
Employment in Services (% of total employment) 81.808% (2017)
Unemployment Rate 7.081% (2017)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $4,318,030,689 (2017)
Exports of goods and services (current US$) $6,012,294,722 (2017)
Total Merchandise Trade (% of GDP) 69.245% (2016)
FDI, net inflows (BoP, current US$) ($150,550,827) (2016)
Commercial Service Exports (current US$) $508,644,900 (2016)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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

Sources

  1. The World Bank