GDP

GDP of Brunei in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Brunei with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 4087, and the growth rate in 2022 is 8%.”

Population

96.462 million

Land Size

310070 km²

GDP

406.45 billion

GDP Per Capita

4087 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
54.9%
Government Expneidutre
9%
Capital Formation
31.7%
Export
98.6%
Import
87.7%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
12%
Industry
40.4%
Manufacturing
25.8%
Service
47.6%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Vietnam has an export-oriented economy, with its export-to-GDP ratio reaching 110% in 2021. This is only 62% compared to the ASEAN Synergy period, making it the most export-dependent economy among Southeast Asian countries, except for Singapore. Despite having a lower per capita GDP than most ASEAN countries, Vietnam’s continued growth solidifies its importance within the region. Over the past decade, economic momentum has come from the expansion of labor-intensive manufacturing and related service industries. Manufacturing made up 25% of GDP in 2021, up from 17% in 2010. Exports of light manufactured goods like clothing, footwear, and furniture grew rapidly, but electronics and machinery exports grew even faster. This is typical of fast-growing low- and middle-income economies where a shift to more advanced export commodities coincides with increased domestic production processes ...

Unemployment

2.3 %

Inflation

3.2 %

Urbanization

36.6 %

TFR

2.1 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %