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Brunei's economy in numbers:
Nominal GDP of USD 16.7 billion in 2022.
GDP per capita of USD 37,826 compared to the global average of USD 10,589.
Average real GDP growth of 0.3% over the last decade.
Economic structure:
In 2021, services accounted for 36% of overall GDP, manufacturing 19%, other industrial activity 44%, and agriculture 1%. Looking at GDP by expenditure, private consumption accounted for 25% of GDP in 2021, government consumption 22%, fixed investment 31%, and net exports 22%.International trade:
In 2020, manufactured products made up 18% of total merchandise exports, mineral fuels 82%, food 0%, ores and metals 0% and agricultural raw materials 0%, with other categories accounting for 0% of the total. In the same period, manufactured products made up 52% of total merchandise imports, mineral fuels 37%, food 11%, ores and metals 0% and agricultural raw materials 0%, with other goods accounting for 0% of the total. Total exports were worth USD 14 billion in 2022, while total imports were USD 9 billion.Economic growth:
The economy recorded an average annual decrease of 0.3% in the decade to 2022. To read more about GDP growth in Brunei, go to our dedicated page.
Fiscal policy:
Brunei's fiscal deficit averaged 3.9% of GDP in the decade to 2022. Find out more on our dedicated page.
Unemployment:
The unemployment rate averaged 7.6% in the decade to 2022. For more information on Brunei's unemployment click here.
Inflation:
Inflation averaged 0.6% in the decade to 2022. Go to our Brunei inflation page for extra insight.
Monetary Policy:
Brunei's monetary policy rate ended 2022 at 5.50%, on the same level as a decade earlier. See our Brunei monetary policy page for additional details.
Exchange Rate:
From end-2012 to end-2022 the Brunei dollar weakened by 7.7% vs the U.S. dollar. For more info on the Brunei dollar, click here.
36 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 6 expert analysts.
Want to get insight on the economic outlook for Brunei in the coming years? FocusEconomics collects projections out to 2033 on 36 economic indicators for Brunei from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Brunei economy. To download a sample report on the Brunei's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .