@Brunei:Economy
Economy-overview: 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 perhaps 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 is beginning to show progress on 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.
GDP: purchasing power parity-$5.4 billion (1997 est.)
GDP-real growth rate: 3.5% (1997 est.)
GDP-per capita: purchasing power parity-$18,000 (1997 est.)
GDP-composition by sector: agriculture: 5% industry: 46% services: 49% (1996 est.)
Inflation rate-consumer price index: 2% (1997 est.)
Labor force: total: 144,000 (1995 est.); note-includes foreign workers and military personnel by occupation: government 48%, production of oil, natural gas, services, and construction 42%, agriculture, forestry, and fishing 4%, other 6% (1986 est.) note: temporary residents make up 41% of labor force (1991)
Unemployment rate: 4.8% (1994 est.)
Budget: revenues: $2.5 billion expenditures: $2.6 billion, including capital expenditures of $768 million (1995 est.)