World countries, and substantial income from overseas investmentsupplements income from domestic production. The government provides
for all medical services and free education through the university
level and subsidizes rice and housing. Brunei's leaders are
concerned that steadily increased integration in the world economy
will undermine internal social cohesion, although it became a more
prominent player by serving as chairman for the 2000 APEC (Asian
Pacific Economic Cooperation) forum. Plans for the future include
upgrading the labor force, reducing unemployment, strengthening the
banking and tourist sectors, and, in general, further widening the
economic base beyond oil and gas.
GDP (purchasing power parity):
$6.842 billion (2003 est.)
GDP - real growth rate:
3.2% (2003 est.)
GDP - per capita:
purchasing power parity - $23,600 (2003 est.)
GDP - composition by sector:
agriculture: 5%
industry: 45%
services: 50% (2001 est.)
Labor force:
158,000
note: includes foreign workers and military personnel; temporary
residents make up about 40% of labor force (2002 est.)
Labor force - by occupation:
agriculture, forestry, and fishing 10%, production of oil, natural
gas, services, and construction 42%, government 48% (1999 est.)
Unemployment rate:
3.2% (2002 est.)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
0.3% (2003 est.)
Budget:
revenues: $4.9 billion
expenditures: $4.2 billion, including capital expenditures of $1.35
billion (2003 est.)
Agriculture - products:
rice, vegetables, fruits, chickens, water buffalo
Industries:
petroleum, petroleum refining, liquefied natural gas, construction
Industrial production growth rate:
5% (2002 est.)
Electricity - production:
2.458 billion kWh (2002)
Electricity - production by source: fossil fuel: 100% hydro: 0% nuclear: 0% other: 0% (2001)
Electricity - consumption:
2.286 billion kWh (2002)
Electricity - exports:
0 kWh (2002)
Electricity - imports:
0 kWh (2002)
Oil - production:
204,000 bbl/day (2003 est.)
Oil - consumption:
13,000 bbl/day (2001 est.)
Oil - exports:
199,000 bbl/day (2003)
Oil - imports:
NA
Oil - proved reserves:
1.255 billion bbl (1 January 2002)
Natural gas - production:
10.35 billion cu m (2001 est.)
Natural gas - consumption:
1.35 billion cu m (2001 est.)
Natural gas - exports:
9 billion cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
315 billion cu m (1 January 2002)
Exports:
$7.7 billion f.o.b. (2003 est.)
Exports - commodities:
crude oil, natural gas, refined products
Exports - partners:
Japan 38.1%, South Korea 14%, Australia 11.2%, US 8.6%, Thailand
7.9%, Indonesia 5.9%, China 4.5% (2004)
Imports:
$5.2 billion c.i.f. (2003)
Imports - commodities:
machinery and transport equipment, manufactured goods, food,
chemicals
Imports - partners:
Singapore 32.7%, Malaysia 21.2%, UK 8.3%, Japan 7.2% (2004)
Debt - external:
$0
Economic aid - recipient:
NA
Currency (code):
Bruneian dollar (BND)
Currency code:
BND
Exchange rates:
Bruneian dollars per US dollar - 1.6902 (2004), 1.7422 (2003),
