CIA Factbook The World Factbook 1994: BruneiEconomy Overview: The 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 more than 50% of GDP. Per capita GDP is among the highest in the Third World, and substantial income from overseas investment supplements domestic production. The government provides for all medical services and subsidizes food and housing. National product: GDP—exchange rate conversion—$2.5 billion (1991 est.) National product real growth rate: 1% (1991) National product per capita: $9,000 (1991 est.) Inflation rate (consumer prices): 2% (1993 est.) Unemployment rate: 3.7% (1989) Budget: • revenues: $1.3 billion • expenditures: $1.5 billion, including capital expenditures of $255 million (1989 est.) Exports: $2.3 billion (f.o.b., 1992 est.) • commodities: crude oil, liquefied natural gas, petroleum products • partners: Japan 53%, UK 12%, South Korea 9%, Thailand 7%, Singapore 5% (1990) Imports: $2 billion (c.i.f., 1992 est.) • commodities: machinery and transport equipment, manufactured goods, food, chemicals • partners: Singapore 35%, UK 26%, Switzerland 9%, US 9%, Japan 5% (1990) External debt: $0 Industrial production: growth rate 12.9% (1987); accounts for 52.4% of GDP Electricity: • capacity: 310,000 kW • production: 890 million kWh • consumption per capita: 3,300 kWh (1990) Industries: petroleum, petroleum refining, liquefied natural gas, construction Agriculture: imports about 80% of its food needs; principal crops and livestock include rice, cassava, bananas, buffaloes, and pigs Economic aid: • recipient: US commitments, including Ex-Im (FY70-87), $20.6 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-89), $153 million Currency: 1 Bruneian dollar (B$)=100 cents Exchange rates: Bruneian dollars (B$) per US$1—1.6032 (January 1994), 1.6158 (1993), 1.6290 (1992), 1.7276 (1991), 1.8125 (1990), 1.9503 (1989); note—the Bruneian dollar is at par with the Singapore dollar Fiscal year: calendar year