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Brunei > General Details

Contents

Contents

General Detail

General Information

Business Opportunities

Economy Overview

Infrastructure

Introduction

Roads

Ports

Telecom

Oil & Gas

Banking

Banking

Travel

Travel

Policies

Foreign Trade Policy

Industrial Policy

Trade

Trade

Tax Structure

Tax System

Important Contacts

Important Contacts

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GDP: Purchasing Power Parity

$20.38 billion (2010 est.)
$19.58 billion (2009 est.)

$19.93 billion (2008 est.)

GDP - real growth rate

4.1% (2010 est.)
-1.8% (2009 est.)

-1.9% (2008 est.)

GDP - per capita

$51,600 (2010 est.)
$50,400 (2009 est.)

$52,300 (2008 est.)

GDP - Composition by sector

Agriculture: 0.7%
Industry: 
74.1%
Services: 
25.3% (2008 est.)

GDP (official exchange rate)

$13.02 billion (2010 est.)

Labor force

188,800 (2008)

Labor force - by occupation

Agriculture: 4.2%
Industry: 
62.8%
Services: 
33% (2008 est.)

Unemployment rate

3.7% (2008)
3.4% (2007)

Population below poverty line

N/A

Household income

Lowest 10%: NA%
Highest 10%: 
NA%

Inflation rate (consumer prices)

2.7% (2008 est.)
0.3% (2007 est.)

Budget

Revenues: $6.889 billion
Expenditures: 
$4 billion (2008 est.)

Inflation rate (consumer prices)

2.7% (2008 est.)
0.3% (2007 est.)

Commercial bank prime lending rate

5.5% (31 December 2009 est.)
5.5% (31 December 2008 est.)

Stock of narrow money

$3.374 billion (30 March 2009)
$3.046 billion (31 December 2008)

Stock of broad money

$8.569 billion (31 December 2009)
$7.597 billion (31 December 2008)

Stock of domestic credit

$1.274 billion (31 December 2008 est.)
$2.38 billion (31 December 2007 est.)

Market value of publicly traded shares

N/A

Electricity - production

3.069 billion kWh (2008)

Electricity - consumption

2.98 billion kWh (2008

Electricity - exports

0 kWh (2008 est.)

Electricity - imports

0 kWh (2008 est.)

Oil - production

146,000 bbl/day (2009 est.)

Oil - consumption

16,000 bbl/day (2009 est.)

Oil - exports

152,900 bbl/day (2007)

Oil - imports

237.6 bbl/day (2007 est.)

Oil - proved reserves

1.1 billion bbl (1 January 2010 est.)

Natural gas - production

13.4 billion cu m (2008 est.)

Natural gas - consumption

4.2 billion cu m (2008 est.)

Natural gas - exports

9.2 billion cu m (2008 est.)

Natural gas - imports

0 cu m (2008 est.)

Natural gas - proved reserves

390.8 billion cu m (1 January 2010 est.)

Current account balance

$7.024 billion (2008 est.)

Industries

Petroleum, Petroleum Refining, Liquefied Natural Gas, Construction

Industrial production growth rate

-5.4% (2008 est.)

Agriculture- products

Rice, Vegetables, Fruits; Chickens, Water buffalo, Cattle, Goats, Eggs

Exports

$10.67 billion (2008)

Exports-commodities

Crude Oil, Natural Gas, Garments

Exports-partners

Japan 38.04%, Indonesia 25.95%, South Korea 14.17%, Australia 7.24% (2009)

Imports

$2.61 billion (2008 est.)
$2.055 billion (2007 est.)

Imports-commodities

Machinery and transport equipment, manufactured goods, food, chemicals

Imports-partners

Singapore 38.4%, Malaysia 18.7%, Japan 7.2%, China 5.42%, Thailand 5.19%, US 4.45%, UK 4.25% (2009)

Debt - external

$0 (2005)

Exchange rates

Brunei an dollars (BND) per US dollar -
1.36 (2010)
1.45 (2009)
2 (2006)
2 (2005)

2 (2004)

Telephones-Main lines in use

80,500 (2009)

Telephones - mobile cellular:

425,000 (2009)

Telephone system

General assessment: service throughout the country is good; international service is good to Southeast Asia, Middle East, Western Europe, and the US
Domestic: 
every service available
International: 
country code - 673; landing point for the SEA-ME-WE-3 optical telecommunications submarine cable that provides links to Asia, the Middle East, and Europe; the Asia-America Gateway submarine cable network, scheduled for completion by late 2008, will provide new links to Asia and the US; satellite earth stations - 2 Intelsat (1 Indian Ocean and 1 Pacific Ocean) (2009)

Broadcast Media

State-controlled Radio Television Brunei (RTB) operates 4 channels; 3 Malaysian TV stations are available; foreign TV broadcasts are available via satellite and cable systems; RTB operates 5 radio networks broadcasting on multiple frequencies; British Forces Broadcast Service (BFBS) provides radio broadcasts on 2 FM stations; some radio broadcast stations from Malaysia are available via repeaters (2009)

Internet Country Code

.bn

Internet Hosts

50,997 (2010)

Internet Users

314,900 (2009)

Transportation

 

Airports

2 (2010)

Airports-with paved runways

Total: 2
Over 3,047 m: 
1
914 to 1,523 m: 
1 (2010)

Heliports

3 (2010)

Pipelines

condensate 33 km; gas 37 km; oil 18 km (2010)

Roadways

Total: 2,971 km
Paved: 
2,411 km
Unpaved: 
560 km (2008)

Waterways

209 km (navigable by craft drawing less than 1.2 m; the Belait, Brunei , and Tutong rivers are major transport links) (2011)

Ports and Terminals

Lumut, Muara, Seria

Merchant Marine

Total: 9
Country comparison to the world:
 117
By type: 
chemical tanker 1, liquefied gas 8 (2010)

Disputes-International

Letters of Exchange signed in 2009, Malaysia in 2010 ceded two hydrocarbon concession blocks to Brunei in exchange for Brunei's sultan dropping claims to the Limbang corridor, which divides Brunei; nonetheless, Brunei claims a maritime boundary extending as far as a median with Vietnam, thus asserting an implicit claim to Lousia Reef

International organization participation

ADB, APEC, ARF, ASEAN, C, CP, EAS, G-77, IBRD, ICAO, ICRM, IDB, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, ISO (correspondent), ITSO, ITU, NAM, OIC, OPCW, UN, UNCTAD, UNESCO, UNIFIL, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO

 

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