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Brunei GDP and Economic Data
Country Report 2017 - Includes Brunei real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Brunei economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Brunei best banks and safest banks are also available.
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International Reserves
USD 3.4 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 14.1 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 34.6 billion (2018, estimate)
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 0.1% | -2% | -1.8% | 2.7% | 3.7% | 0.9% | -2.1% |
| 2014 | 2015 | 2016 | 2017* | 2018* | ||
| -2.5% | -0.4% | -2.5% | 1.3% | -0.2% |
*Estimate
GDP per capita - current prices
USD 32,413.9 (2018, estimate)
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GDP - composition by sector
- agriculture: 1%
- industry: 63.2%
- services: 37.3%
(2018 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -0.4% | -0.7% | -0.2% | 0.1% | 0.1% |
*Estimate
Unemployment rate
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 7.7% | 8.5% | 9.3% | 9.3% | 9.3% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 3% | 3% | 2.8% | 2.6% | 2.8% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -14.5% | -21.7% | -10.6% | -3.6% | -11.5% |
*Estimate
Government bond ratings
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
7.9 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
51.9% (2018)
Shares in world total merchandising export
0.03% (2018)
Shares in world total commercial services export
0.01% (2018)
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Import commodities
Machinery and mechanical appliance parts, mineral fuels, motor vehicles, electric machinery
Exports - major partners
Japan 27.8%, South Korea 12.4%, Thailand 11.5%, Malaysia 11.3%, India 9.3%, Singapore 7.7%, Switzerland 5%, China 4.7% (2017)
Imports - major partners
China 19.6%, Singapore 19%, Malaysia 18.8%, US 9.2%, Germany 5.9%, Japan 4.1%, UK 4%(2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD -150 million | USD 460 million | USD 504 million |
FDI outflows
| 2016 | 2017 | 2018 |
| N/A | N/A | N/A |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | N/A | N/A |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
(for a monthly update on M&A; click here )
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
(for a monthly update on M&A; click here )
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
66 out of 190 countries
Subcategories:
Starting a Business: 16 out of 190 countries
Dealing with Construction Permits: 54 out of 190 countries
Getting Electricity: 31 out of 190 countries
Registering Property: 144 out of 190 countries
Getting Credit: 1 out of 190 countries
Protecting Minority Investors: 128 out of 190 countries
Paying Taxes: 90 out of 190 countries
Trading across Borders: 149 out of 190 countries
Enforcing Contracts: 66 out of 190 countries
Resolving Insolvency: 59 out of 190 countries
Source
Global competitiveness ranking
56 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 63 / Score: 65.1 (Moderately free)
(100=totally free 0=totally repressed)
Source
Source
Government type
Absolute monarchy or sultanate (locally known as Malay Islamic Monarchy)
Languages
Malay (Bahasa Melayu) (official), English, Chinese dialects
Religions
Muslim (official) 78.8%, Christian 8.7%, Buddhist 7.8%, other (includes indigenous beliefs) 4.7% (2011 est.)
Total population
| 1990 | 2000 | 2010 | 2015* | 2020* |
| 0.25 million | 0.33 million | 0.39 million | 0.41 million | 0.45 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 43.4% | 64.9% | 71.2% | 77.6% |
Literacy
Total population: 96%
Male: 97.5%
Female: 94.5%
Definition: age 15 and over can read and write (2015 est.)
Freedom House rating
Not Free
Political Rights: 6
Civil Liberties: 5 (2019)
(1 represents the most free, 7 the least free rating)"
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 18.3% Mobile: 131.9% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)