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Economy
Brunei

Economy - overview:

Brunei has a small well-to-do economy that encompasses a mixture of
foreign and domestic entrepreneurship, government regulation,
welfare measures, and village tradition. Crude oil and natural gas
production account for just over half of GDP and more than 90% of
exports. Per capita GDP is among the highest in Asia, and
substantial income from overseas investment supplements 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. 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):

$19.64 billion (2007 est.)

GDP (official exchange rate):

$12.39 billion (2007 est.)

GDP - real growth rate:

0.4% (2007 est.)

GDP - per capita (PPP):

$51,000 (2007 est.)

GDP - composition by sector:

agriculture: 0.9%
industry: 71.6%
services: 27.5% (2005 est.)

Labor force:

180,400 (2006 est.)

Labor force - by occupation:

agriculture: 2.9%
industry: 61.1%
services: 36% (2003 est.)

Unemployment rate:

4% (2006)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Budget:

revenues: $3.765 billion
expenditures: $4.815 billion (2004 est.)

Fiscal year:

1 April - 31 March

Inflation rate (consumer prices):

0.4% (2007 est.)

Commercial bank prime lending rate:

5.5% (31 December 2007)

Stock of money:

$2.674 billion (31 December 2007)

Stock of quasi money:

$4.258 billion (31 December 2007)

Stock of domestic credit:

$2.38 billion (31 December 2007)

Agriculture - products:

rice, vegetables, fruits; chickens, water buffalo, cattle, goats,
eggs

Industries:

petroleum, petroleum refining, liquefied natural gas, construction

Industrial production growth rate:

1.8% (2005 est.)

Electricity - production:

3.1 billion kWh (2006 est.)

Electricity - consumption:

2.924 billion kWh (2006 est.)

Electricit