Economy - overview:
Brunei has a small well-to-do economy that depends on revenue from natural resource extraction but is also characterized by a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for 70% of GDP and more than 90% of exports, with Japan and Korea as the primary export markets. Per capita GDP is among the highest in the world, and substantial income from overseas investment supplements income from domestic hydrocarbon production. For Bruneian citizens, who pay no taxes, 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 its strong desire to diversify its economy both within the oil and gas sector and to new sectors. Brunei is a founding member of the 12-nation Trans-Pacific Partnership (TPP) free trade agreement as well as the Regional Comprehensive Economic Partnership (RCEP) and, with the nine other ASEAN members, formed the ASEAN Economic Community in 2015.

GDP (purchasing power parity):
$32.9 billion (2015 est.) $33.28 billion (2014 est.) $34.08 billion (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 124
[see also: GDP country ranks ]

GDP (official exchange rate):
$11.64 billion (2015 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
-1.2% (2015 est.) -2.3% (2014 est.) -2.1% (2013 est.)
country comparison to the world: 205
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$79,700 (2015 est.) $80,700 (2014 est.) $82,600 (2013 est.)
note: data are in 2015 US dollars
country comparison to the world: 8
[see also: GDP - per capita country ranks ]

Gross national saving:
29% of GDP (2015 est.) 49.4% of GDP (2014 est.) 63.6% of GDP (2013 est.)
country comparison to the world: 24
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 15.9%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 22%
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 32%
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0%
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 67.5%
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -37.4% (2015 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 0.9%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 66.8%
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 32.3% (2015 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

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:
0.9% (2015 est.)
country comparison to the world: 149
[see also: Industrial production growth rate country ranks ]

Labor force:
205,800 (2011 est.)
country comparison to the world: 169
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 4.2%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 62.8%
[see also: Labor force - by occupation - industry country ranks ]
services: 33% (2008 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
2.7% (2014 est.) 2.7% (2013 est.)
country comparison to the world: 19
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Budget:
revenues: $4.142 billion
[see also: Budget revenues country ranks ]
expenditures: $5.547 billion (2015 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
35.6% of GDP (2015 est.)
country comparison to the world: 57
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-12.1% of GDP (2015 est.)
country comparison to the world: 207
[see also: Budget surplus (+) or deficit (-) country ranks ]

Fiscal year:
1 April - 31 March

Inflation rate (consumer prices):
-0.4% (2015 est.) -0.2% (2014 est.)
country comparison to the world: 21
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
5.5% (31 December 2015 est.) 5.5% (31 December 2014 est.)
country comparison to the world: 138
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$3.32 billion (31 December 2015 est.) $3.327 billion (31 December 2014 est.)
country comparison to the world: 113
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$11.92 billion (31 December 2013 est.) $11.41 billion (31 December 2012 est.)
country comparison to the world: 104
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$5.788 billion (31 December 2015 est.) $4.477 billion (31 December 2014 est.)
country comparison to the world: 119
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$NA
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$357 million (2015 est.) $4.849 billion (2014 est.)
country comparison to the world: 89
[see also: Current account balance country ranks ]

Exports:
$7.08 billion (2015 est.) $10.51 billion (2014 est.)
country comparison to the world: 101
[see also: Exports country ranks ]

Exports - commodities:
mineral fuels, organic chemicals

Exports - partners:
Japan 39%, South Korea 12.5%, Australia 9.7%, India 9.2%, Thailand 6.4%, Indonesia 5.8% (2014)

Imports:
$4.84 billion (2015 est.) $3.599 billion (2014 est.)
country comparison to the world: 124
[see also: Imports country ranks ]

Imports - commodities:
machinery and mechanical appliance parts, mineral fuels, motor vehicles, electric machinery

Imports - partners:
Singapore 29.2%, China 26.9%, Malaysia 13.2%, US 8.5%, South Korea 4.5%, UK 4.1% (2014)

Debt - external:
$0 (2005) $3.576 billion (31 December 2013 est.)
note: public external debt only; private external debt unavailable
country comparison to the world: 204
[see also: Debt - external country ranks ]

Exchange rates:
Bruneian dollars (BND) per US dollar - 1.35 (2015 est.) 1.27 (2014 est.) 1.27 (2013 est.) 1.25 (2012 est.) 1.26 (2011 est.)