style="font-size:15px;"> Overview:The economy is a mixture of foreign and domestic entrepreneurship,
government regulation and welfare measures, and village tradition. It
is almost totally supported by exports of crude oil and natural gas,
with revenues from the petroleum sector accounting for more than 50%
of GDP. Per capita GDP is among the highest in the Third World, and
substantial income from overseas investment supplements domestic
production. The government provides for all medical services and
subsidizes food and housing.
National product:
GDP - exchange rate conversion - $2.5 billion (1991 est.)
National product real growth rate:
1% (1991)
National product per capita:
$9,000 (1991 est.)
Inflation rate (consumer prices):
2% (1993 est.)
Unemployment rate:
3.7% (1989)
Budget:
revenues:
$1.3 billion
expenditures:
$1.5 billion, including capital expenditures of $255 million (1989
est.)
Exports:
$2.3 billion (f.o.b., 1992 est.)
commodities:
crude oil, liquefied natural gas, petroleum products
partners:
Japan 53%, UK 12%, South Korea 9%, Thailand 7%, Singapore 5% (1990)
Imports:
$2 billion (c.i.f., 1992 est.)
commodities:
machinery and transport equipment, manufactured goods, food, chemicals
partners:
Singapore 35%, UK 26%, Switzerland 9%, US 9%, Japan 5% (1990)
External debt:
$0
Industrial production:
growth rate 12.9% (1987); accounts for 52.4% of GDP
Electricity:
capacity:
310,000 kW
production:
890 million kWh
consumption per capita:
3,300 kWh (1990)
Industries:
petroleum, petroleum refining, liquefied natural gas, construction
Agriculture:
imports about 80% of its food needs; principal crops and livestock
include rice, cassava, bananas, buffaloes, and pigs
Economic aid:
recipient:
US commitments, including Ex-Im (FY70–87), $20.6 million; Western
(non-US) countries, ODA and OOF bilateral commitments (1970–89), $153
million
Currency:
1 Bruneian dollar (B$) = 100 cents
Exchange rates:
Bruneian dollars (B$) per US$1 - 1.6032 (January 1994), 1.6158 (1993),
1.6290 (1992), 1.7276 (1991), 1.8125 (1990), 1.9503 (1989); note - the
Bruneian dollar is at par with the Singapore dollar
Fiscal year:
calendar year
@Brunei, Communications
Railroads:
13 km 0.610-meter narrow-gauge private line
Highways:
total:
1,090 km
paved:
bituminous 370 km (with another 52 km under construction)
unpaved:
gravel or earth 720 km
Inland waterways:
209 km; navigable by craft drawing less than 1.2 meters
Pipelines:
crude oil 135 km; petroleum products 418 km; natural gas 920 km
Ports:
Kuala Belait, Muara
Merchant marine:
7 liquefied gas carriers (1,000 GRT or over) totaling 348,476
GRT/340,635 DWT
Airports:
total:
2
usable:
2
with permanent-surface runways:
1
with runway over 3,659 m:
1
with runway 2,440–3,659 m:
0
with runway 1,220–2,439 m:
1
Telecommunications:
service throughout country is adequate for present needs;
international service good to adjacent Malaysia; radiobroadcast
coverage good; 33,000 telephones (1987); broadcast stations - 4 AM/FM,
1 TV; 74,000 radio receivers (1987); satellite earth stations - 1
