FAX: [673] (2) 225293
Flag description: yellow with two diagonal bands of white (top, almost double width) and black starting from the upper hoist side; the national emblem in red is superimposed at the center; the emblem includes a swallow-tailed flag on top of a winged column within an upturned crescent above a scroll and flanked by two upraised hands
Brunei Economy
Economy - overview: This small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation and welfare measures, and village tradition. Exports of crude oil and natural gas account for over 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 rice and housing. Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion although it became a more prominent player by serving as chairman for the 2000 APEC (Asian Pacific Economic Cooperation) forum. Plans for the future include upgrading the labor force, reducing unemployment, strengthening the banking and tourist sectors, and, in general, a further widening of the economic base beyond oil and gas.
GDP: purchasing power parity - $5.9 billion (2000 est.)
GDP - real growth rate: 3% (2000 est.)
GDP - per capita: purchasing power parity - $17,600 (2000 est.)
GDP - composition by sector: agriculture: 5%
industry: 46%
services: 49% (1996 est.)