center; the emblem includes a
swallow-tailed flag on top of a winged column within an upturned
crescent above a scroll and flanked by two upraised hands

Economy Brunei

Economy - overview:
This small, well-to-do economy encompasses a mixture of foreign and
domestic entrepreneurship, government regulation, welfare measures,
and village tradition. Crude oil and natural gas production account
for nearly half of GDP and more than 90% of government revenues. Per
capita GDP is far above most other Third World countries, 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):
$6.842 billion (2003 est.)

GDP (official exchange rate):
$5.486 billion (2004 est.)

GDP - real growth rate:
1.7% (2004 est.)

GDP - per capita (PPP):
$23,600 (2003 est.)

GDP - composition by sector:
agriculture: 3.6%
industry: 56.1%
services: 40.3% (2004 est.)

Labor force:
146,300
note: includes foreign workers and military personnel; temporary
residents make up about 40% of labor force (2003 est.)

Labor force - by occupation:
agriculture: 2.9%
industry: 61.1%
services: 36% (2003 est.)

Unemployment rate:
4.8% (2004)

Population below poverty line:
NA%

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Inflation rate (consumer prices):
0.9% (2004)

Budget:
revenues: $3.765 billion
expenditures: $4.815 billion; including capital expenditures of $NA
(2004 est.)

Agriculture - products:
rice, vegetables, fruits; chickens, water buffalo, eggs

Industries:
petroleum, petroleum refining, liquefied natural gas, construction

Industrial production growth rate:
7.3% (2003 est.)

Electricity - production:
2.806 billion kWh (2004)

Electricity - production by source:
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Electricity - consumption:
2.609 billion kWh