Vathana

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National Flag of BRUNEI|
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Economy - overview: | |
Brunei has a small well-to-do economy that encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for just over half of GDP and more than 90% of exports. Per capita GDP is among the highest in Asia, 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 into 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, increasing agricultural production, and, in general, further widening the economic base beyond oil and gas.| | |

GDP (purchasing power parity): | |
$20.25 billion (2008 est.)country comparison to the world: 122 $20.12 billion (2007 est.)$20 billion (2006 est.)note: data are in 2008 US dollars| | |
GDP (official exchange rate): | |
$14.55 billion (2008 est.)|
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GDP - real growth rate: | |
0.6% (2008 est.)country comparison to the world: 189 0.6% (2007 est.)5.1% (2006 est.)| | |
GDP - per capita (PPP): | |
$53,100 (2008 est.)country comparison to the world: 8 $53,700 (2007 est.)$54,400 (2006 est.)note: data are in 2008 US dollars| | |
GDP - composition by sector: | |
agriculture: 0.7%industry: 75%services: 25% (2005 est.)|
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Labor force: | |
188,800 (2008 est.)country comparison to the world: 166 |
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Labor force - by occupation: | |
agriculture: 4.5%industry: 63.1%services: 32.4% (2003 est.)| | |
Unemployment rate: | |
3.7% (2008)country comparison to the world: 43 4% (2006)|
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Household income or consumption by percentage share: | |
lowest 10%: NA%highest 10%: NA%|
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Budget: | |
revenues: $6.889 billionexpenditures: $4 billion (2008 est.)| | |
Inflation rate (consumer prices): | |
0.3% (2007 est.)country comparison to the world: 5 |
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Agriculture - products: | |
rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs| | |
Industries: | |
petroleum, petroleum refining, liquefied natural gas, construction| | |
Industrial production growth rate: | |
1.8% (2006 est.)country comparison to the world: 109 |
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Electricity - exports: | |
0 kWh (2008 est.)|
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Electricity - imports: | |
0 kWh (2008 est.)|
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Oil - production: | |
157,400 bbl/day (2008 est.)country comparison to the world: 45 | | |
Oil - consumption: | |
15,000 bbl/day (2008 est.)country comparison to the world: 137 | | |
Oil - exports: | |
207,500 bbl/day (2007 est.)country comparison to the world: 55 | | |
Oil - imports: | |
237.6 bbl/day (2007 est.)country comparison to the world: 202 | | |
Oil - proved reserves: | |
1.1 billion bbl (1 January 2009 est.)country comparison to the world: 38 | | |
Natural gas - production: | |
13.4 billion cu m (2008 est.)country comparison to the world: 36 | | |
Natural gas - consumption: | |
4.2 billion cu m (2008 est.)country comparison to the world: 65 | | |
Natural gas - exports: | |
9.2 billion cu m (2008)country comparison to the world: 22 | | |
Natural gas - imports: | |
0 cu m (2008 est.)country comparison to the world: 199 |
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Natural gas - proved reserves: | |
390.8 billion cu m (1 January 2009 est.)country comparison to the world: 34 | | |
Exports: | |
$8.25 billion (2007)country comparison to the world: 93 $6.767 billion (2006)| | |
Exports - commodities: | |
crude oil, natural gas, garments|
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Exports - partners:...
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