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Economy of Brunei vs France compared: GDP & Debt

Updated on by Georank team

Brunei has a GDP of $15.3B compared to $3.16T for France, ranking 142/197 and 7/197 by economy size, respectively.

Brunei has $351M in government debt (2.29% of GDP), compared to $3.58T (113.1% of GDP) in France.

Brunei vs France GDP by year

Brunei
France
1x
Year GDP, current $
Brunei France
2024 $15,340,808,592 $3,160,442,622,465
2023 $15,095,084,656 $3,056,250,648,138
2022 $16,681,536,467 $2,794,788,137,067
2021 $14,006,496,617 $2,966,433,692,008
2020 $12,005,799,654 $2,647,926,055,110
2019 $13,469,235,365 $2,722,793,515,172
2018 $13,566,908,391 $2,781,576,320,884
2017 $12,128,168,045 $2,588,868,323,335
2016 $11,400,266,045 $2,470,407,619,777
2015 $12,930,296,870 $2,442,483,452,643
2014 $17,097,797,386 $2,861,236,112,552
2013 $18,094,148,099 $2,816,077,607,875
2012 $19,048,443,341 $2,683,007,095,787
2011 $18,524,791,063 $2,870,408,553,990
2010 $13,707,121,038 $2,646,230,027,988
2009 $11,912,904,510 $2,700,075,882,519
2008 $15,926,456,515 $2,926,802,941,586
2007 $13,432,029,484 $2,655,816,911,867
2006 $12,644,616,419 $2,317,861,544,691
2005 $10,547,202,621 $2,192,146,403,028
2004 $8,619,178,774 $2,109,792,297,237
2003 $7,167,725,262 $1,835,095,983,049
2002 $6,333,082,876 $1,492,427,756,382
2001 $6,096,155,767 $1,370,376,677,299
2000 $6,570,999,088 $1,360,959,069,477
1999 $6,309,070,378 $1,486,915,879,702
1998 $5,550,846,020 $1,496,906,382,032
1997 $7,793,034,376 $1,449,392,222,971
1996 $7,663,377,306 $1,598,889,216,566
1995 $7,700,144,069 $1,595,219,345,512
1994 $6,467,782,518 $1,385,822,778,828
1993 $6,203,339,912 $1,314,383,368,080
1992 $6,327,966,435 $1,389,663,073,110
1991 $6,284,497,294 $1,258,961,748,634
1990 $6,039,881,087 $1,257,649,439,827
1989 $4,983,622,881 $1,016,742,237,302
1988 $4,535,130,305 $1,010,827,662,152
1987 $4,918,010,080 $926,320,855,615
1986 $4,190,280,003 $764,946,585,851
1985 $6,967,623,884 $547,220,981,165
1984 $7,632,788,075 $525,033,325,828
1983 $7,927,590,750 $553,356,312,936
1982 $8,932,198,186 $578,152,310,610
1981 $9,367,218,664 $609,184,791,792
1980 $10,795,432,294 $694,529,183,483
1979 $6,044,367,628 $608,218,624,730
1978 $4,100,423,674 $501,724,418,605
1977 $3,681,242,528 $406,401,711,688
1976 $3,054,765,590 $368,363,152,144
1975 $2,496,420,258 $357,324,307,786
1974 $2,319,576,214 $282,739,225,314
1973 $433,095,527 $261,970,536,240
1972 $270,822,782 $201,738,881,664
1971 $197,525,768 $164,694,210,962
1970 $179,078,929 $147,312,861,698
1969 $161,210,236 $140,660,914,841
1968 $160,818,236 $128,710,572,572
1967 $139,029,537 $118,088,635,381
1966 $132,757,528 $109,306,730,313
1965 $114,039,501 $100,927,668,584
1964 - $93,424,179,943
1963 - $84,227,606,650
1962 - $75,196,980,365
1961 - $67,158,050,215
1960 - $61,959,085,885

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/brunei/france | CC BY

GDP per capita in Brunei vs France by year

Brunei
GDP per capita

GDP per capita, PPP
France
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei France
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $33,153 $89,879 $46,103 $62,557
2023 $32,891 $85,033 $44,700 $60,839
2022 $36,633 $81,802 $40,989 $57,043
2021 $31,007 $78,249 $43,725 $52,517
2020 $26,834 $69,788 $39,170 $49,482
2019 $30,427 $69,354 $40,408 $51,130
2018 $30,988 $65,149 $41,418 $46,381
2017 $28,024 $61,658 $38,687 $44,469
2016 $26,663 $56,680 $37,024 $42,880
2015 $30,625 $62,708 $36,702 $40,905
2014 $41,027 $81,226 $43,148 $40,218
2013 $44,003 $83,237 $42,669 $39,583
2012 $46,969 $87,256 $40,864 $37,671
2011 $46,383 $82,735 $43,930 $37,510
2010 $34,938 $79,543 $40,695 $35,908
2009 $30,946 $77,957 $41,728 $34,685
2008 $42,157 $80,477 $45,465 $35,053
2007 $36,217 $83,693 $41,486 $34,066
2006 $34,675 $86,114 $36,432 $32,424
2005 $29,386 $81,534 $34,696 $30,431
2004 $24,423 $80,404 $33,645 $28,921
2003 $20,678 $79,632 $29,480 $28,024
2002 $18,621 $76,838 $24,145 $28,350
2001 $18,288 $74,254 $22,332 $27,347
2000 $20,130 $73,087 $22,341 $26,007
1999 $19,752 $70,585 $24,576 $24,204
1998 $17,769 $68,257 $24,869 $23,263
1997 $25,522 $73,980 $24,169 $22,190
1996 $25,692 $70,008 $26,758 $21,268
1995 $26,443 $70,440 $26,792 $20,701
1994 $22,767 $69,779 $23,360 $19,892
1993 $22,397 $69,387 $22,239 $19,094
1992 $23,451 $70,016 $23,615 $18,801
1991 $23,932 $72,610 $21,501 $18,198
1990 $23,659 $70,201 $21,586 $17,475
1989 $20,090 - $17,547 -
1988 $18,825 - $17,550 -
1987 $21,030 - $16,176 -
1986 $18,501 - $13,430 -
1985 $31,827 - $9,657 -
1984 $36,061 - $9,312 -
1983 $38,720 - $9,862 -
1982 $45,075 - $10,360 -
1981 $48,793 - $10,956 -
1980 $58,005 - $12,565 -
1979 $33,501 - $11,063 -
1978 $23,447 - $9,167 -
1977 $21,747 - $7,459 -
1976 $18,671 - $6,792 -
1975 $15,793 - $6,617 -
1974 $15,195 - $5,261 -
1973 $2,939 - $4,907 -
1972 $1,905 - $3,809 -
1971 $1,432 - $3,137 -
1970 $1,325 - $2,833 -
1969 $1,226 - $2,729 -
1968 $1,274 - $2,518 -
1967 $1,149 - $2,328 -
1966 $1,146 - $2,173 -
1965 $1,029 - $2,024 -
1964 - - $1,891 -
1963 - - $1,723 -
1962 - - $1,554 -
1961 - - $1,402 -
1960 - - $1,307 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/brunei/france | CC BY

Brunei's GDP per capita is $33,153, ranking 36/197, compared to $46,103 in France, ranking 27/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while France ranks 30th at $62,557.

Economic indicators

Brunei France
Gross domestic product
$15.3B
2024
$3.16T
2024
GDP rank
142/197
2024
7/197
2024
GDP growth
4.05%
2023-2024
1.19%
2023-2024
GDP per capita
$33,153
2024
$46,103
2024
GDP per capita rank
36/197
2024
27/197
2024
GDP per capita, PPP
$89,879
2024
$62,557
2024
GDP per capita PPP rank
9/197
2024
30/197
2024
Government debt
$351M
2024
$3.58T
2024
Debt-to-GDP ratio
2.29%
2024
113.1%
2024
Government debt per person
$759
2024
$52,165
2024
Government debt per person rank
153/185
2024
8/185
2024
Average annual personal income after taxes
$24,405
2026
$35,669
2026
Market capitalization of domestic companies n/a
$2.37T
2018
Number of millionaires n/a
2,897,000
2025
Number of billionaires n/a
52
2025
Income share by richest 10% n/a
25%
2023
Income share by poorest 10% n/a
3%
2023
Government expenditure, % of GDP
29.8%
2024
57.2%
2024
Consumer prices inflation
-0.39%
2023-2024
2%
2023-2024
Unemployment rate
4.87%
2024
7.44%
2024
Population
470884
68788006

Spending and national debt comparison by year

Brunei
Spending

Debt
France
Spending

Debt
1x
Year % of GDP
Brunei France
Government spending Government debt Government spending Government debt
2024 29.8% 2.29% 57.2% 113.1%
2023 29.4% 2.33% 56.8% 109.6%
2022 26.4% 2.06% 58.4% 111.4%
2021 29.3% 2.51% 59.5% 112.8%
2020 33.2% 2.86% 61.7% 114.9%
2019 32.4% 2.58% 55.3% 98.1%
2018 32.2% 2.59% 56.4% 98.5%
2017 36.6% 2.83% 57.7% 98.7%
2016 39.4% 3% 57.4% 98.1%
2015 38.7% 2.95% 57.6% 96.9%
2014 34.1% 3.23% 58.4% 96.1%
2013 33.6% 2.21% 58.6% 94.5%
2012 31% 2.1% 57.9% 91.7%
2011 29.7% 2.13% 57% 88.7%
2010 36.2% 1.11% 57.7% 86.3%
2009 34.8% 1.11% 58% 84.1%
2008 27.2% 0.94% 54.3% 69.8%
2007 29.3% 0.68% 53.6% 65.5%
2006 28% 0.59% 53.7% 65.4%
2005 29.1% 0% 54.3% 68.2%
2004 33.2% 0% 54% 66.9%
2003 30.9% 0% 54.4% 65.4%
2002 41.4% 0% 53.9% 61.3%
2001 35.5% 0% 52.8% 59.3%
2000 37.5% 0% 52.6% 59.7%
1999 44.1% 0% 53.7% 61.4%
1998 45.4% 0% 54% 62.1%
1997 39% 0% 55.6% 62%
1996 36.9% 0% 56% 60.6%
1995 44% 0% 56% 57.8%
1994 47.1% 0% 55.9% 51.6%
1993 38% 0% 56.5% 48.2%
1992 34.1% 0% 54% 41.7%
1991 30.6% 0% 52.7% 37.8%
1990 32% 0% 51.6% 36.8%
1989 - - 48.9% 34%
1988 - - 50.1% 33.3%
1987 - - 50.7% 33.4%
1986 - - 51.3% 31.1%
1985 - - 51.9% 30.6%
1984 - - 51.2% 29%
1983 - - 50.2% 26.6%
1982 - - 49.9% 25.3%
1981 - - 48.5% 22%
1980 - - 46% 20.7%
1979 - - 44.9% 21.1%
1978 - - 44.7% 21.2%
1977 - - 21.4% 15%
1976 - - 21.7% 15.1%
1975 - - 22% 16.1%
1974 - - 19.9% 15.4%
1973 - - 19.7% 15.8%
1972 - - 19.8% 17.7%
1971 - - 20% 20.1%
1970 - - 20.5% 21%
1969 - - 21.5% 14.4%
1968 - - 22.7% 15.8%
1967 - - 21.4% 16.1%
1966 - - 21.4% 15.3%
1965 - - 21.1% 17.6%
1964 - - 21% 19.6%
1963 - - 22.6% 22.2%
1962 - - 21.7% 23.6%
1961 - - 21.9% 26.3%
1960 - - 22.2% 28.5%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/brunei/france | CC BY

In 2024, Brunei's government spending was $4.57B, accounting for 29.8% of its GDP, while France spent $1.81T, or 57.2% of GDP.

Debt-to-GDP ratio is 2.29% in Brunei and 113.1% in France, ranking 185/185 and 14/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

France
1x
Year Deficit/surplus, % of GDP
Brunei France
2024 -10.2% -5.77%
2023 -10.9% -5.44%
2022 2.53% -4.74%
2021 -8.16% -6.58%
2020 -15.8% -8.93%
2019 -3.69% -2.39%
2018 -3.59% -2.32%
2017 -10.4% -3.36%
2016 -21.7% -3.76%
2015 -14.5% -3.89%
2014 3.58% -4.57%
2013 13% -4.94%
2012 15.8% -5.17%
2011 25.6% -5.3%
2010 7.61% -7.16%
2009 3.61% -7.38%
2008 36.1% -3.5%
2007 3.12% -2.99%
2006 19.8% -2.66%
2005 16% -3.5%
2004 8.57% -3.55%
2003 8.06% -4.09%
2002 -4.61% -3.18%
2001 2.59% -1.42%
2000 6.86% -1.32%
1999 -18.3% -1.55%
1998 -24% -2.39%
1997 -11.8% -3.71%
1996 -8.7% -3.89%
1995 -19.8% -5.11%
1994 -22.6% -5.46%
1993 -12.8% -6.4%
1992 -8.28% -4.64%
1991 -1.06% -2.89%
1990 -1.63% -2.45%
1989 - -1.9%
1988 - -2.7%
1987 - -2.13%
1986 - -3.3%
1985 - -3.08%
1984 - -2.8%
1983 - -2.58%
1982 - -2.91%
1981 - -2.39%
1980 - -0.27%
1979 - -0.36%
1978 - -1.73%
1977 - 0.9%
1976 - 1.01%
1975 - -0.28%
1974 - 3.05%
1973 - 1.97%
1972 - 1.94%
1971 - -0.13%
1970 - 0.02%
1969 - -0.49%
1968 - -2.54%
1967 - -0.8%
1966 - -0.57%
1965 - -0.07%
1964 - -0.25%
1963 - -2.24%
1962 - -1.53%
1961 - -1.36%
1960 - -1.95%
1959 - 0.56%
1958 - 0.08%
1957 - -1.99%
1956 - -2.62%
1955 - -1.04%
1954 - -0.78%
1953 - -4.79%
1952 - -6.82%
1951 - -4.42%
1950 - -5.56%
1949 - -7.31%
1948 - -9.11%
1947 - -7.6%
1946 - -8.1%
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 - -6.89%
1936 - -4.76%
1935 - -4.22%
1934 - -4.31%
1933 - -4.96%
1932 - -1.86%
1931 - -2.06%
1930 - -1.65%
1929 - 1.48%
1928 - 1.13%
1927 - -0.04%
1926 - -0.02%
1925 - -0.87%
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - 0.05%
1912 - 0.23%
1911 - 0.31%
1910 - -0.12%
1909 - -0.11%
1908 - -0.15%
1907 - 0.23%
1906 - -0.04%
1905 - 0.18%
1904 - 0.3%
1903 - 0.21%
1902 - -0.37%
1901 - -0.39%
1900 - 0.21%
1899 - 0.21%
1898 - 0.29%
1897 - 0.01%
1896 - -0.03%
1895 - -0.07%
1894 - -0.08%
1893 - -0.3%
1892 - -0.03%
1891 - 0.36%
1890 - 0.31%
1889 - 0.09%
1888 - 0.18%
1887 - -0.07%
1886 - -0.5%
1885 - -0.59%
1884 - -0.35%
1883 - -0.23%
1882 - -0.15%
1881 - 0.64%
1880 - 0.65%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/brunei/france | CC BY

In 2024, Brunei's government deficit, the difference between spending and revenue, was $1.56B, equivalent to 10.2% of GDP. This compares to France's deficit of $182B, or 5.77% of GDP.

Over the past 35 years, Brunei recorded a fiscal deficit in 20 of those years, while France ran a deficit in 35 years. On average, Brunei posted an annual deficit equal to 1.7% of GDP, compared to deficit of 4.18% of GDP for France.

Inflation comparison by year

Inflation
Brunei

France
1x
Year Consumer prices inflation
Brunei France
2024 -0.39% 2%
2023 0.36% 4.88%
2022 3.68% 5.22%
2021 1.73% 1.64%
2020 1.94% 0.48%
2019 -0.39% 1.11%
2018 1.03% 1.85%
2017 -1.26% 1.03%
2016 -0.28% 0.18%
2015 -0.49% 0.04%
2014 -0.21% 0.51%
2013 0.39% 0.86%
2012 0.11% 1.95%
2011 0.14% 2.11%
2010 0.36% 1.53%
2009 1.04% 0.09%
2008 2.08% 2.81%
2007 0.97% 1.49%
2006 0.16% 1.68%
2005 1.24% 1.75%
2004 0.81% 2.14%
2003 0.3% 2.1%
2002 -2.31% 1.92%
2001 0.6% 1.63%
2000 1.56% 1.68%
1999 -0.42% 0.54%
1998 -0.44% 0.65%
1997 1.71% 1.2%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/brunei/france | CC BY

Over the past 28 years, Brunei has recorded an average annual inflation rate of 0.5%, compared with 1.61% in France. In 2024, inflation was -0.39% in Brunei and 2% in France.

Top exports between countries

Brunei
Export category Export value
Machinery & equipment $369K
Chemicals & pharma $103K
Textiles & consumer goods $24K
Miscellaneous $16K
Raw materials & minerals $2K
France
Export category Export value
Machinery & equipment $5.37M
Wood & paper products $3.9M
Chemicals & pharma $1.57M
Textiles & consumer goods $1.18M
Raw materials & minerals $551K
Processed food, beverages & tobacco $524K
Metals $329K
Precious metals & jewellery $60K
Animal & marine products $36K
Miscellaneous $25K

Balance of trade

Brunei France
Current account balance
$2.23B
2024
$2.69B
2024
Current account balance ranking
45/190
2024
42/190
2024
Current account balance, % of GDP
+14.5%
2024
+0.09%
2024
Goods imports
$7.36B
2024
$733B
2024
Goods exports
$11.1B
2024
$668B
2024
Service imports
$1.75B
2024
$341B
2024
Service exports
$410M
2024
$403B
2024
Imports of goods and services, % of GDP
58.3%
2024
34.2%
2024
Exports of goods and services, % of GDP
74.3%
2024
33.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Brunei France
Economic freedom 67.5 64.6
Economic freedom ranking 55/197 72/197
Property rights 66.1 91.2
Government integrity 60.4 73.4
Judicial effectiveness 48.6 84.7
Tax burden 95 54.6
Government spending 75.6 0.9
Fiscal health 39 34.8
Business freedom 75.3 78.4
Labor freedom 75.1 59.1
Monetary freedom 74.8 73.2
Trade freedom 84.6 79.4
Investment freedom 65 75
Financial freedom 50 70

Economic freedom comparison by year

Brunei
France
1x
Year Economic freedom index
Brunei France
2026 67.5 64.6
2025 67 64.4
2024 65.9 62.5
2023 65.7 63.6
2022 64.8 65.9
2021 66.6 65.7
2020 66.6 66
2019 65.1 63.8
2018 64.2 63.9
2017 69.8 63.3
2016 67.3 62.3
2015 68.9 62.5
2014 69 63.5
2013 - 64.1
2012 - 63.2
2011 - 64.6
2010 - 64.2
2009 - 63.3
2008 - 64.7
2007 - 62.1
2006 - 61.1
2005 - 60.5
2004 - 60.9
2003 - 59.2
2002 - 58
2001 - 58
2000 - 57.4
1999 - 59.1
1998 - 58.9
1997 - 59.1
1996 - 63.7
1995 - 64.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/brunei/france | CC BY

The Economic Freedom Index for Brunei is 67.5, ranking 55/197, compared to 64.6 for France, ranking 72/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brunei France
Services, % of GDP
39%
2024
70.9%
2024
Industry, % of GDP
61.7%
2024
17.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.17%
2024
1.3%
2024
GNI, Atlas method
$16.7B
2024
$3.1T
2024
GNI per capita, PPP
$92,750
2024
$63,880
2024
Total reserves including gold
$4.41B
2024
$283B
2024
Total reserves ranking
105/177
2024
13/177
2024
Net foreign direct investment
-$29.1M
2024
-$10.3B
2024
Net inflows of foreign direct investment
$29.1M
2024
$52.1B
2024
Net outflows of foreign direct investment
$0
2024
$41.7B
2024
Poverty at national poverty lines n/a
15.6%
2021
Gross capital formation, % of GDP
27.9%
2024
21.5%
2024

GDP per capita map

1x

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/france | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.