Brunei


Brunei Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Brunei; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank N/A
International Reserves US$ 2.584 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 17.092 billion (2010 estimate)
GDP (Purchasing Power Parity) 21.907 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2.7% 3.9% 2.9% 0.5% 0.4% 4.4% 0.2% -1.9%
2009 2010 2011 2012*
-1.8% 2.6% 1.9% 3.2%

*Estimate

GDP per capita - current prices US$ 39,355 (2010 estimate)
GDP per capita - PPP $50,440 International Dollars (2010 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A 0.04% 0.03% 0.03% 0.03%

**Forecast

GDP - composition by sector
  • agriculture: 0.9% 
  • industry: 72.3% 
  • services: 26.8% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
1%(2008) 0.4% 2% 1.6%

*Estimate

Unemployment rate
2009 2010 2011 2012*
3.5% 2.7% 2.7%(2009) 2.7%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
0% 0% 0% 0% 0%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
40% 3.8% 8.5% 31.9% 34.9%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: Baa2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Brunei N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ 9 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP 52.6% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

N/A

(Data released on April 2012)

Shares in world total merchandising export 0.07%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.03% (2011)(2007)

(Data were released in 2012)

Total exports US$12.75 billion (2011 estimate) 
Export commodities crude oil, natural gas, garments
Total imports US$3.02 billion (2011 estimate) 
Import commodities machinery and transport equipment, manufactured goods, food, chemicals
Exports - major partners Japan 45.6%, South Korea 16.5%, Australia 11.8%, Indonesia 8.4%, India 4.8%, China 4.6% (2011)
Imports - major partners Singapore 33.2%, China 15.5%, South Korea 12.2%, Malaysia 10.7%, Germany 9.6% (2011)
FDI inflows
2009 2010 2011
US$371 million US$626 million(2009) US$1,208 million(2009)
FDI outflows
2009 2010 2011
US$9 million US$6 million US$10 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A US$10 million(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 79 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 135 out of 185 countries(2009)

Enforcing Contracts: 158 out of 185 countries

Registering Property: 115 out of 185 countries

Getting credit: 129 out of 185 countries

Protecting investors: 117 out of 185 countries

Trading across border: 40 out of 185 countries

Paying Taxes: 22 out of 185 countries

Dealing with Construction Permits: 43 out of 185 countries

Getting Electricity: 29 out of 185 countries

Resolving Insolvency: 46 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
28

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

N/A (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+8
Total area 5,765 km2 (2006)
Capital Bandar Seri Begawan (2009)
Currency Bruneian dollars (BND) (2009)
Government type constitutional sultanate (2009)
Languages Malay (official), English, Chinese
Religions Muslim (official) 67%, Buddhist 13%, Christian 10%, other (includes indigenous beliefs) 10%
Total population
1980 1990 2000 2012* 2017**
N/A N/A 0.33 million 0.43 million 0.48 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
43.4% 59.9% 71.1% 76%
Population median age 29 years (2010)
Population growth rate 1.7% (2011)
Life expectancy 78 years (2010)
Adult literacy 95% (2005/2010)
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

N/A

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:5 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

128.84% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 56% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Bandar Seri Begawan: 93rd (2011)

CO2 emissions
(Metric tons of CO2 per capita)

23.6859 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (National, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (National, 2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (National, 2009)

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2012:
  • COUNTRY WINNERS Bank Islam Brunei Darussalam (National, 2012)
2011:
  • COUNTRY WINNERS Bank Islam Brunei Darussalam (National, 2011)
2010:
  • COUNTRY WINNERS Bank Islam Brunei Darussalam (2010)
2009:
  • COUNTRY WINNERS Bank Islam Brunei Darussalam (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Baiduri Bank Group (National, 2012)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE