This small, wealthy 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 over half of GDP. 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 subsidizes food
and housing. The government has shown progress in its basic policy of
diversifying the economy away from oil and gas. Brunei's leaders are
concerned that steadily increased integration in the world economy
will undermine internal social cohesion although it has taken steps to
become a more prominent player by serving as chairman for the 2000
APEC (Asian Pacific Economic Cooperation) forum. Growth in 1999 is
estimated at 2.5% due to higher oil prices in the second half.

purchasing power parity - $5.6 billion (1999 est.)

2.5% (1999 est.)

purchasing power parity - $17,400 (1999 est.)

agriculture: 5%
industry: 46%
services: 49% (1996 est.)

NA%

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

1% (1999 est.)

144,000 (1995 est.); note - includes foreign workers and
military personnel
note: temporary residents make up 41% of labor force (1991)

government 48%, production of oil,
natural gas, services, and construction 42%, agriculture, forestry,
and fishing 10% (1999 est.)

4.9% (1995 est.)

revenues: $2.5 billion
expenditures: $2.6 billion, including capital expenditures of $768
million (1995 est.)

petroleum, petroleum refining, liquefied natural gas,
construction

4% (1997 est.)

2.56 billion kWh (1998)

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)

2.381 billion kWh (1998)

0 kWh (1998)

0 kWh (1998)

rice, cassava (tapioca), bananas; water
buffalo

$2.04 billion (f.o.b., 1998 est.)

crude oil, liquefied natural gas, petroleum
products

Japan 51%, UK 14%, US 10%, Singapore 8%, Thailand
3% (1998)

$1.38 billion (c.i.f., 1998 est.)

machinery and transport equipment, manufactured
goods, food, chemicals

Singapore 32%, UK 17%, Malaysia 12%, France 12%,
US 5% (1998)

$0

$4.3 million (1995)

1 Bruneian dollar (B$) = 100 cents

Bruneian dollars (B$) per US$1 - 1.6733 (January
2000), 1.6950 (1999), 1.6736 (1998), 1.4848 (1997), 1.4100 (1996),
1.4174 (1995); note - the Bruneian dollar is at par with the Singapore
dollar

calendar year