Brunei ranked 142/197 by economy size with a GDP of $15.3B and 36/197 by GDP per capita at $33,153. Brunei has $351M in government debt, with a debt-to-GDP ratio of 2.29%.
In 2024, Brunei made up 0.01% of the world's economy, compared to 0.006% in 1965.
Brunei GDP & GDP growth by year
| Year | GDP | GDP growth |
|---|---|---|
| 2024 | $15,340,808,592 | 4.05% |
| 2023 | $15,095,084,656 | 1.13% |
| 2022 | $16,681,536,467 | -1.63% |
| 2021 | $14,006,496,617 | -1.59% |
| 2020 | $12,005,799,654 | 1.13% |
| 2019 | $13,469,235,365 | 3.87% |
| 2018 | $13,566,908,391 | 0.05% |
| 2017 | $12,128,168,045 | 1.33% |
| 2016 | $11,400,266,045 | -2.48% |
| 2015 | $12,930,296,870 | -0.39% |
| 2014 | $17,097,797,386 | -2.51% |
| 2013 | $18,094,148,099 | -2.12% |
| 2012 | $19,048,443,341 | 0.91% |
| 2011 | $18,524,791,063 | 3.74% |
| 2010 | $13,707,121,038 | 2.74% |
| 2009 | $11,912,904,510 | -1.9% |
| 2008 | $15,926,456,515 | -3.9% |
| 2007 | $13,432,029,484 | -3.76% |
| 2006 | $12,644,616,419 | 4.1% |
| 2005 | $10,547,202,621 | -0.004% |
| 2004 | $8,619,178,774 | 0.1% |
| 2003 | $7,167,725,262 | 3.58% |
| 2002 | $6,333,082,876 | 3.96% |
| 2001 | $6,096,155,767 | 1.47% |
| 2000 | $6,570,999,088 | 3.47% |
| 1999 | $6,309,070,378 | 4.26% |
| 1998 | $5,550,846,020 | -6.66% |
| 1997 | $7,793,034,376 | 6.34% |
| 1996 | $7,663,377,306 | -0.03% |
| 1995 | $7,700,144,069 | 1.35% |
| 1994 | $6,467,782,518 | 0.99% |
| 1993 | $6,203,339,912 | -0.63% |
| 1992 | $6,327,966,435 | -3.12% |
| 1991 | $6,284,497,294 | 2.91% |
| 1990 | $6,039,881,087 | 2.64% |
| 1989 | $4,983,622,881 | -2.73% |
| 1988 | $4,535,130,305 | -1.54% |
| 1987 | $4,918,010,080 | 2.08% |
| 1986 | $4,190,280,003 | -5.41% |
| 1985 | $6,967,623,884 | -2.91% |
| 1984 | $7,632,788,075 | -2.38% |
| 1983 | $7,927,590,750 | 0.4% |
| 1982 | $8,932,198,186 | 2.3% |
| 1981 | $9,367,218,664 | -22.4% |
| 1980 | $10,795,432,294 | -9.71% |
| 1979 | $6,044,367,628 | 24.3% |
| 1978 | $4,100,423,674 | 7.02% |
| 1977 | $3,681,242,528 | 9.93% |
| 1976 | $3,054,765,590 | 20.9% |
| 1975 | $2,496,420,258 | -0.65% |
| 1974 | $2,319,576,214 | - |
| 1973 | $433,095,527 | - |
| 1972 | $270,822,782 | - |
| 1971 | $197,525,768 | - |
| 1970 | $179,078,929 | - |
| 1969 | $161,210,236 | - |
| 1968 | $160,818,236 | - |
| 1967 | $139,029,537 | - |
| 1966 | $132,757,528 | - |
| 1965 | $114,039,501 | - |
Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).
GeoRank.org/economy/brunei | CC BY 
Brunei GDP per capita by year
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 2024 | $33,153 | $89,879 |
| 2023 | $32,891 | $85,033 |
| 2022 | $36,633 | $81,802 |
| 2021 | $31,007 | $78,249 |
| 2020 | $26,834 | $69,788 |
| 2019 | $30,427 | $69,354 |
| 2018 | $30,988 | $65,149 |
| 2017 | $28,024 | $61,658 |
| 2016 | $26,663 | $56,680 |
| 2015 | $30,625 | $62,708 |
| 2014 | $41,027 | $81,226 |
| 2013 | $44,003 | $83,237 |
| 2012 | $46,969 | $87,256 |
| 2011 | $46,383 | $82,735 |
| 2010 | $34,938 | $79,543 |
| 2009 | $30,946 | $77,957 |
| 2008 | $42,157 | $80,477 |
| 2007 | $36,217 | $83,693 |
| 2006 | $34,675 | $86,114 |
| 2005 | $29,386 | $81,534 |
| 2004 | $24,423 | $80,404 |
| 2003 | $20,678 | $79,632 |
| 2002 | $18,621 | $76,838 |
| 2001 | $18,288 | $74,254 |
| 2000 | $20,130 | $73,087 |
| 1999 | $19,752 | $70,585 |
| 1998 | $17,769 | $68,257 |
| 1997 | $25,522 | $73,980 |
| 1996 | $25,692 | $70,008 |
| 1995 | $26,443 | $70,440 |
| 1994 | $22,767 | $69,779 |
| 1993 | $22,397 | $69,387 |
| 1992 | $23,451 | $70,016 |
| 1991 | $23,932 | $72,610 |
| 1990 | $23,659 | $70,201 |
| 1989 | $20,090 | - |
| 1988 | $18,825 | - |
| 1987 | $21,030 | - |
| 1986 | $18,501 | - |
| 1985 | $31,827 | - |
| 1984 | $36,061 | - |
| 1983 | $38,720 | - |
| 1982 | $45,075 | - |
| 1981 | $48,793 | - |
| 1980 | $58,005 | - |
| 1979 | $33,501 | - |
| 1978 | $23,447 | - |
| 1977 | $21,747 | - |
| 1976 | $18,671 | - |
| 1975 | $15,793 | - |
| 1974 | $15,195 | - |
| 1973 | $2,939 | - |
| 1972 | $1,905 | - |
| 1971 | $1,432 | - |
| 1970 | $1,325 | - |
| 1969 | $1,226 | - |
| 1968 | $1,274 | - |
| 1967 | $1,149 | - |
| 1966 | $1,146 | - |
| 1965 | $1,029 | - |
Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).
GeoRank.org/economy/brunei | CC BY
Brunei has a GDP per capita of $33,153, ranking 36/197, a GDP per capita based on purchasing power parity (PPP) of $89,879, ranking 9/197, and a median annual after tax income of $24,405, ranking 33/197.
Brunei GDP rankings by year
| Year | Rank | ||
|---|---|---|---|
| GDP | GDP per capita | GDP per capita, PPP | |
| 2024 | 137 | 33 | 7 |
| 2023 | 141 | 36 | 8 |
| 2022 | 130 | 30 | 8 |
| 2021 | 135 | 35 | 7 |
| 2020 | 137 | 34 | 6 |
| 2019 | 135 | 34 | 9 |
| 2018 | 135 | 34 | 9 |
| 2017 | 137 | 35 | 9 |
| 2016 | 135 | 34 | 10 |
| 2015 | 128 | 31 | 9 |
| 2014 | 123 | 28 | 5 |
| 2013 | 118 | 24 | 4 |
| 2012 | 112 | 22 | 4 |
| 2011 | 111 | 26 | 5 |
| 2010 | 120 | 29 | 4 |
| 2009 | 123 | 30 | 6 |
| 2008 | 110 | 26 | 6 |
| 2007 | 107 | 28 | 6 |
| 2006 | 106 | 27 | 4 |
| 2005 | 107 | 28 | 4 |
| 2004 | 111 | 31 | 3 |
| 2003 | 111 | 31 | 3 |
| 2002 | 109 | 29 | 3 |
| 2001 | 109 | 29 | 3 |
| 2000 | 107 | 29 | 3 |
| 1999 | 106 | 28 | 3 |
| 1998 | 111 | 28 | 3 |
| 1997 | 95 | 18 | 3 |
| 1996 | 94 | 19 | 2 |
| 1995 | 92 | 17 | 2 |
| 1994 | 92 | 17 | 2 |
| 1993 | 92 | 15 | 2 |
| 1992 | 94 | 16 | 2 |
| 1991 | 94 | 13 | 2 |
| 1990 | 94 | 13 | 2 |
| 1989 | 87 | 14 | - |
| 1988 | 90 | 14 | - |
| 1987 | 87 | 11 | - |
| 1986 | 84 | 7 | - |
| 1985 | 71 | 2 | - |
| 1984 | 68 | 2 | - |
| 1983 | 67 | 2 | - |
| 1982 | 62 | 1 | - |
| 1981 | 63 | 1 | - |
| 1980 | 60 | 1 | - |
| 1979 | 67 | 3 | - |
| 1978 | 71 | 3 | - |
| 1977 | 71 | 3 | - |
| 1976 | 72 | 3 | - |
| 1975 | 76 | 3 | - |
| 1974 | 75 | 3 | - |
| 1973 | 108 | 32 | - |
| 1972 | 114 | 33 | - |
| 1971 | 118 | 34 | - |
| 1970 | 118 | 34 | - |
| 1969 | 110 | 28 | - |
| 1968 | 110 | 25 | - |
| 1967 | 108 | 25 | - |
| 1966 | 105 | 24 | - |
| 1965 | 106 | 24 | - |
Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).
GeoRank.org/economy/brunei | CC BY
Compared with 2000, in 2024 Brunei is ranked 137th out of 182 by GDP (down from 107th), 33rd by GDP per capita (down from 29th), and 7th by GDP per capita PPP (down from 3rd).
Economic indicators
Brunei
|
Rank | |
|---|---|---|
| Gross domestic product |
$15.3B
2024 |
142/197 |
| GDP growth |
4.05%
2023-2024 |
64/194 |
| GDP per capita |
$33,153
2024 |
36/197 |
| GDP per capita, PPP |
$89,879
2024 |
9/197 |
| Government debt |
$351M
2024 |
177/185 |
| Debt-to-GDP ratio |
2.29%
2024 |
185/185 |
| Government debt per person |
$759
2024 |
153/185 |
| Average annual personal income after taxes |
$24,405
2026 |
33/197 |
| Government expenditure, % of GDP |
29.8%
2024 |
96/195 |
| Consumer prices inflation |
-0.39%
2023-2024 |
187/195 |
| Unemployment rate |
4.87%
2024 |
109/196 |
| Population |
470884
|
170/197 |
Government spending, deficit, and debt by year
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 2024 | 29.8% | 2.29% | -10.2% |
| 2023 | 29.4% | 2.33% | -10.9% |
| 2022 | 26.4% | 2.06% | 2.53% |
| 2021 | 29.3% | 2.51% | -8.16% |
| 2020 | 33.2% | 2.86% | -15.8% |
| 2019 | 32.4% | 2.58% | -3.69% |
| 2018 | 32.2% | 2.59% | -3.59% |
| 2017 | 36.6% | 2.83% | -10.4% |
| 2016 | 39.4% | 3% | -21.7% |
| 2015 | 38.7% | 2.95% | -14.5% |
| 2014 | 34.1% | 3.23% | 3.58% |
| 2013 | 33.6% | 2.21% | 13% |
| 2012 | 31% | 2.1% | 15.8% |
| 2011 | 29.7% | 2.13% | 25.6% |
| 2010 | 36.2% | 1.11% | 7.61% |
| 2009 | 34.8% | 1.11% | 3.61% |
| 2008 | 27.2% | 0.94% | 36.1% |
| 2007 | 29.3% | 0.68% | 3.12% |
| 2006 | 28% | 0.59% | 19.8% |
| 2005 | 29.1% | 0% | 16% |
| 2004 | 33.2% | 0% | 8.57% |
| 2003 | 30.9% | 0% | 8.06% |
| 2002 | 41.4% | 0% | -4.61% |
| 2001 | 35.5% | 0% | 2.59% |
| 2000 | 37.5% | 0% | 6.86% |
| 1999 | 44.1% | 0% | -18.3% |
| 1998 | 45.4% | 0% | -24% |
| 1997 | 39% | 0% | -11.8% |
| 1996 | 36.9% | 0% | -8.7% |
| 1995 | 44% | 0% | -19.8% |
| 1994 | 47.1% | 0% | -22.6% |
| 1993 | 38% | 0% | -12.8% |
| 1992 | 34.1% | 0% | -8.28% |
| 1991 | 30.6% | 0% | -1.06% |
| 1990 | 32% | 0% | -1.63% |
Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).
GeoRank.org/economy/brunei | CC BY
This chart shows Brunei's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 35 years, Brunei recorded a fiscal deficit in 20 of them, with an average annual deficit equal to 1.7% of GDP. In 2024, government spending reached $4.57B (29.8% of GDP), with a deficit of 10.2%.
The national debt reached $351M, ranking 177th out of 185 countries by total size, with a debt-to-GDP ratio of 2.29%, ranking 185th.
Inflation rate by year
| Year | Inflation |
|---|---|
| 2024 | -0.39% |
| 2023 | 0.36% |
| 2022 | 3.68% |
| 2021 | 1.73% |
| 2020 | 1.94% |
| 2019 | -0.39% |
| 2018 | 1.03% |
| 2017 | -1.26% |
| 2016 | -0.28% |
| 2015 | -0.49% |
| 2014 | -0.21% |
| 2013 | 0.39% |
| 2012 | 0.11% |
| 2011 | 0.14% |
| 2010 | 0.36% |
| 2009 | 1.04% |
| 2008 | 2.08% |
| 2007 | 0.97% |
| 2006 | 0.16% |
| 2005 | 1.24% |
| 2004 | 0.81% |
| 2003 | 0.3% |
| 2002 | -2.31% |
| 2001 | 0.6% |
| 2000 | 1.56% |
| 1999 | -0.42% |
| 1998 | -0.44% |
| 1997 | 1.71% |
| 1996 | 2% |
| 1995 | 5.97% |
| 1994 | 2.46% |
| 1993 | 4.25% |
| 1992 | 1.28% |
| 1991 | 1.6% |
| 1990 | 2.14% |
| 1989 | 1.3% |
| 1988 | 1.19% |
| 1987 | 1.25% |
| 1986 | 1.78% |
| 1985 | 2.35% |
| 1984 | 3.07% |
| 1983 | 1.17% |
| 1982 | 6.36% |
| 1981 | 9.14% |
Data sources: World Bank | Economy & Growth (1981–2024, retrieved 2026-04-06).
GeoRank.org/economy/brunei | CC BY
Over the past 20 years, Brunei has had an average annual inflation rate of 0.61%. In 2024, inflation was -0.39%. The bar chart above shows consumer price inflation by year.
Balance of trade
|
Brunei
|
Rank | |
|---|---|---|
|
Current account balance
|
$2.23B
2024 |
45/190 |
| Current account balance, % of GDP |
+14.5%
2024 |
11/190 |
| Goods imports |
$7.36B
2024 |
121/189 |
| Goods exports |
$11.1B
2024 |
97/189 |
| Service imports |
$1.75B
2024 |
127/189 |
| Service exports |
$410M
2024 |
153/189 |
| Imports of goods and services, % of GDP |
58.3%
2024 |
52/181 |
| Exports of goods and services, % of GDP |
74.3%
2024 |
20/193 |
Brunei top 10 trading partners
Brunei's biggest trading partner accounting for 17.3% of all exports and imports is Malaysia, with a trade balance between the two of -$1.65B: Brunei exports $803M worth of goods and services to Malaysia and imports $2.46B.
Below is the list of the top 10 trade partners of Brunei.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
Malaysia
|
$3.26B | 17.3% | $803M | $2.46B | Raw materials & minerals | Raw materials & minerals |
| 2 |
Australia
|
$2.87B | 15.2% | $2.23B | $641M | Raw materials & minerals | Raw materials & minerals |
| 3 |
China
|
$2.66B | 14.1% | $2.05B | $613M | Chemicals & pharma | Raw materials & minerals |
| 4 |
Singapore
|
$1.71B | 9.08% | $1.46B | $248M | Raw materials & minerals | Machinery & equipment |
| 5 |
Japan
|
$1.6B | 8.51% | $1.53B | $75.6M | Raw materials & minerals | Machinery & equipment |
| 6 |
Russia
|
$826M | 4.38% | $0 | $826M | Animal & marine products | Raw materials & minerals |
| 7 |
Thailand
|
$707M | 3.75% | $602M | $105M | Raw materials & minerals | Raw materials & minerals |
| 8 |
Vietnam
|
$684M | 3.63% | $487M | $197M | Raw materials & minerals | Raw materials & minerals |
| 9 |
Indonesia
|
$634M | 3.36% | $375M | $259M | Raw materials & minerals | Raw materials & minerals |
| 10 |
UAE
|
$581M | 3.08% | $2.18M | $578M | Machinery & equipment | Raw materials & minerals |
Top 10 exports
|
Brunei
|
Rank | |
|---|---|---|
| Raw materials & minerals | $8.87B | 60/193 |
| Chemicals & pharma | $2.05B | 61/193 |
| Machinery & equipment | $241M | 110/193 |
| Transport & tourism services | $175M | 147/188 |
| Metals | $61.4M | 127/192 |
| Manufacturing & construction services | $30M | 109/164 |
| Government & miscellaneous services | $18.5M | 125/180 |
| Business & finance services | $16.4M | 163/188 |
| Precious metals & jewellery | $7.94M | 134/190 |
| Animal & marine products | $7.77M | 158/192 |
Top 10 imports
|
Brunei
|
Rank | |
|---|---|---|
| Raw materials & minerals | $4.9B | 75/193 |
| Machinery & equipment | $837M | 146/193 |
| Transport & tourism services | $429M | 148/188 |
| Business & finance services | $391M | 119/188 |
| Manufacturing & construction services | $300M | 57/163 |
| Chemicals & pharma | $293M | 148/193 |
| Processed food, beverages & tobacco | $284M | 144/193 |
| Textiles & consumer goods | $228M | 147/193 |
| Miscellaneous | $185M | 72/193 |
| Metals | $184M | 146/193 |
Economic freedom indices
|
Brunei
|
Rank | |
|---|---|---|
| Economic freedom | 67.5 | 55/197 |
| Property rights | 66.1 | 56/182 |
| Government integrity | 60.4 | 46/182 |
| Judicial effectiveness | 48.6 | 83/182 |
| Tax burden | 95 | 12/182 |
| Government spending | 75.6 | 83/180 |
| Fiscal health | 39 | 140/181 |
| Business freedom | 75.3 | 47/182 |
| Labor freedom | 75.1 | 6/182 |
| Monetary freedom | 74.8 | 82/180 |
| Trade freedom | 84.6 | 11/181 |
| Investment freedom | 65 | 50/181 |
| Financial freedom | 50 | 72/181 |
Economic freedom by year
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 2026 | 67.5 | 48.6 | 95 | 75.6 | 39 |
| 2025 | 67 | 52.8 | 95 | 75.9 | 51.7 |
| 2024 | 65.9 | 52.3 | 95.8 | 73.7 | 20 |
| 2023 | 65.7 | 61.9 | 96.3 | 70 | 20 |
| 2022 | 64.8 | 51.6 | 90.8 | 68.1 | 20 |
| 2021 | 66.6 | 62.3 | 92.3 | 67.6 | 20 |
| 2020 | 66.6 | 56.8 | 89.8 | 61.5 | 20 |
| 2019 | 65.1 | 56 | 90.7 | 59.9 | 20 |
| 2018 | 64.2 | 57.1 | 85.6 | 57.7 | 20 |
| 2017 | 69.8 | 39.9 | 85.6 | 61.2 | 100 |
| 2016 | 67.3 | - | 87 | 57.3 | - |
| 2015 | 68.9 | - | 87 | 63.6 | - |
| 2014 | 69 | - | 90.2 | 66.1 | - |
Data sources: The Heritage Foundation | Economic Freedom Index (2014–2026, retrieved 2026-03-09).
GeoRank.org/economy/brunei | CC BY
Brunei is ranked 49/174 for economic freedom with a score of 67.5, compared to 38/176 and a score of 69 in 2014.
Other economic metrics
|
Brunei
|
Rank | |
|---|---|---|
| Services, % of GDP |
39%
2024 |
180/191 |
| Industry, % of GDP |
61.7%
2024 |
3/194 |
| Agriculture, forestry, and fishing, % of GDP |
1.17%
2024 |
168/193 |
|
GNI, Atlas method
|
$16.7B
2024 |
134/194 |
| GNI per capita, PPP |
$92,750
2024 |
7/191 |
| Total reserves including gold |
$4.41B
2024 |
105/177 |
|
Net foreign direct investment
|
-$29.1M
2024 |
61/189 |
|
Net inflows of foreign direct investment
|
$29.1M
2024 |
158/193 |
|
Net outflows of foreign direct investment
|
$0
2024 |
140/193 |
|
Gross capital formation, % of GDP
|
27.9%
2024 |
42/178 |
Compare Brunei vs other countries
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/brunei | CC BY
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Data sources:
- World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- The Heritage Foundation | Economic Freedom Index (2014–2026, retrieved 2026-03-09)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- TradeMap (2022–2024, retrieved 2026-02-08)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.