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Economy of Brunei vs Marshall Islands compared: GDP & Debt

Updated on by Georank

Brunei has a GDP of $15B compared to $308M for the Marshall Islands, ranking 147/197 and 194/197 by economy size, respectively.

Brunei has $232M in government debt (1.54% of GDP), compared to $36.3M (11.8% of GDP) in the Marshall Islands.

Brunei vs Marshall Islands GDP by year

Brunei
Marshall Islands
1x
Year GDP, current $
Brunei Marshall Islands
2025 $15,031,980,994 $308,000,000
2024 $15,340,808,592 $285,000,000
2023 $15,095,084,656 $264,000,000
2022 $16,681,536,467 $258,723,500
2021 $14,006,496,617 $261,245,500
2020 $12,005,799,654 $241,800,000
2019 $13,469,235,365 $232,900,000
2018 $13,566,908,391 $220,000,000
2017 $12,128,168,045 $213,700,000
2016 $11,400,266,045 $201,800,000
2015 $12,930,296,870 $183,700,000
2014 $17,097,797,386 $186,000,000
2013 $18,094,148,099 $186,400,000
2012 $19,048,443,341 $180,700,000
2011 $18,524,791,063 $172,300,000
2010 $13,707,121,038 $161,100,000
2009 $11,912,904,510 $151,200,000
2008 $15,926,456,515 $146,600,000
2007 $13,432,029,484 $150,500,000
2006 $12,644,616,419 $143,200,000
2005 $10,547,202,621 $138,000,000
2004 $8,619,178,774 $132,900,000
2003 $7,167,725,262 $131,128,500
2002 $6,333,082,876 $131,960,000
2001 $6,096,155,767 $122,406,100
2000 $6,570,999,088 $114,838,500
1999 $6,309,070,378 $113,352,100
1998 $5,550,846,020 $112,070,100
1997 $7,793,034,376 $109,884,700
1996 $7,663,377,306 $110,858,000
1995 $7,700,144,069 $120,230,000
1994 $6,467,782,518 $108,071,000
1993 $6,203,339,912 $99,461,000
1992 $6,327,966,435 $91,063,000
1991 $6,284,497,294 $82,507,000
1990 $6,039,881,087 $78,476,000
1989 $4,983,622,881 $72,798,000
1988 $4,535,130,305 $70,688,000
1987 $4,918,010,080 $62,983,000
1986 $4,190,280,003 $55,989,000
1985 $6,967,623,884 $43,879,000
1984 $7,632,788,075 $45,144,000
1983 $7,927,590,750 $41,749,000
1982 $8,932,198,186 $34,918,000
1981 $9,367,218,664 $31,020,000
1980 $10,795,432,294 $26,710,653
1979 $6,044,367,628 $25,545,346
1978 $4,100,423,674 $22,209,370
1977 $3,681,242,528 $20,210,069
1976 $3,054,765,590 $18,153,647
1975 $2,496,420,258 $16,691,301
1974 $2,319,576,214 $15,217,532
1973 $433,095,527 $11,607,366
1972 $270,822,782 $9,973,652
1971 $197,525,768 $9,116,810
1970 $179,078,929 $8,408,486
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 (1965–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/marshall-islands | CC BY

GDP per capita in Brunei vs Marshall Islands by year

Brunei
GDP per capita

GDP per capita, PPP
Marshall Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei Marshall Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,235 - $8,489 -
2024 $33,153 $89,879 $7,590 $8,195
2023 $32,891 $85,033 $6,799 $7,549
2022 $36,633 $81,802 $6,456 $7,431
2021 $31,007 $78,249 $6,315 $6,768
2020 $26,834 $69,788 $5,662 $6,137
2019 $30,427 $69,354 $5,292 $6,045
2018 $30,988 $65,149 $4,858 $5,232
2017 $28,024 $61,658 $4,593 $4,719
2016 $26,663 $56,680 $4,230 $4,366
2015 $30,625 $62,708 $3,764 $4,125
2014 $41,027 $81,226 $3,735 $3,931
2013 $44,003 $83,237 $3,678 $3,845
2012 $46,969 $87,256 $3,514 $3,590
2011 $46,383 $82,735 $3,319 $3,537
2010 $34,938 $79,543 $3,095 $3,473
2009 $30,946 $77,957 $2,907 $3,253
2008 $42,157 $80,477 $2,818 $3,118
2007 $36,217 $83,693 $2,892 $3,309
2006 $34,675 $86,114 $2,754 $3,110
2005 $29,386 $81,534 $2,659 $3,017
2004 $24,423 $80,404 $2,566 $2,880
2003 $20,678 $79,632 $2,539 $2,824
2002 $18,621 $76,838 $2,566 $2,825
2001 $18,288 $74,254 $2,394 $2,700
2000 $20,130 $73,087 $2,265 $2,490
1999 $19,752 $70,585 $2,258 $2,400
1998 $17,769 $68,257 $2,254 $2,422
1997 $25,522 $73,980 $2,231 $2,434
1996 $25,692 $70,008 $2,273 $2,583
1995 $26,443 $70,440 $2,491 $2,858
1994 $22,767 $69,779 $2,265 $2,617
1993 $22,397 $69,387 $2,112 $2,452
1992 $23,451 $70,016 $1,963 $2,293
1991 $23,932 $72,610 $1,811 $2,131
1990 $23,659 $70,201 $1,758 $2,102
1989 $20,090 - $1,670 -
1988 $18,825 - $1,670 -
1987 $21,030 - $1,543 -
1986 $18,501 - $1,425 -
1985 $31,827 - $1,162 -
1984 $36,061 - $1,245 -
1983 $38,720 - $1,199 -
1982 $45,075 - $1,046 -
1981 $48,793 - $969 -
1980 $58,005 - $868 -
1979 $33,501 - $859 -
1978 $23,447 - $771 -
1977 $21,747 - $724 -
1976 $18,671 - $672 -
1975 $15,793 - $638 -
1974 $15,195 - $602 -
1973 $2,939 - $472 -
1972 $1,905 - $416 -
1971 $1,432 - $390 -
1970 $1,325 - $373 -
1969 $1,226 - - -
1968 $1,274 - - -
1967 $1,149 - - -
1966 $1,146 - - -
1965 $1,029 - - -

Data sources: World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/marshall-islands | CC BY

Brunei's GDP per capita is $32,235, ranking 42/197, compared to $8,489 in the Marshall Islands, ranking 95/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while the Marshall Islands ranks 139th at $8,195.

Economic indicators

Brunei Marshall Islands
Gross domestic product
$15B
2025
$308M
2025
GDP rank
147/197
2025
194/197
2025
GDP growth
0.67%
2024-2025
2.28%
2024-2025
GDP per capita
$32,235
2025
$8,489
2025
GDP per capita rank
42/197
2025
95/197
2025
GDP per capita, PPP
$89,879
2024
$8,195
2024
GDP per capita PPP rank
9/197
2024
139/197
2024
Government debt
$232M
2025
$36.3M
2025
Debt-to-GDP ratio
1.54%
2025
11.8%
2025
Government debt per person
$498
2025
$1,000
2025
Government debt per person rank
169/185
2025
144/185
2025
Average annual personal income after taxes
$25,392
2026
$5,308
2026
Income share by richest 10% n/a
27.5%
2019
Income share by poorest 10% n/a
2.8%
2019
Government expenditure, % of GDP
29.9%
2025
65.3%
2025
Consumer prices inflation
-0.3%
2024-2025
5.5%
2024-2025
Unemployment rate
4.87%
2024
9.82%
2021
Population
471596
35039

Spending and national debt comparison by year

Brunei
Spending

Debt
Marshall Islands
Spending

Debt
1x
Year % of GDP
Brunei Marshall Islands
Government spending Government debt Government spending Government debt
2025 29.9% 1.54% 65.3% 11.8%
2024 30.3% 1.57% 70.9% 14.2%
2023 30.1% 1.67% 67.5% 18.2%
2022 26.1% 1.33% 65.8% 19.6%
2021 30.1% 1.43% 69.2% 19.9%
2020 32.8% 2.16% 67.8% 21.7%
2019 32.1% 1.82% 65.5% 25.1%
2018 32.9% 1.9% 60.5% 24.7%
2017 36.6% 2.58% 63.7% 26.5%
2016 39.8% 3% 56.8% 29.2%
2015 37% 2.95% 56.3% 33.9%
2014 34% 3.23% 49.2% 34.9%
2013 33.4% 2.21% 55% 33.4%
2012 31.1% 2.1% 53.2% 37.6%
2011 29.9% 2.13% 55.9% 35.9%
2010 25.5% 1.11% 59.2% 38.8%
2009 34.8% 1.11% 63.1% 41.2%
2008 27.2% 0.94% 64.3% 44.1%
2007 29.3% 0.68% 67.2% 42.2%
2006 28% 0.59% 61.2% 44.4%
2005 29.1% 0% 85.3% 45.8%
2004 33.2% 0% 54.5% 46.8%
2003 30.9% 0% 52.9% 43.7%
2002 41.4% 0% 55.2% 37.2%
2001 35.5% 0% 58.8% 32.7%
2000 37.5% 0% 56.5% 27.3%
1999 44.1% 0% 48.7% 26.1%
1998 45.4% 0% 50.5% 18.1%
1997 39% 0% 55% 8.73%
1996 36.9% 0% - -
1995 44% 0% - -
1994 47.1% 0% - -
1993 38% 0% - -
1992 34.1% 0% - -
1991 30.6% 0% - -
1990 32% 0% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/marshall-islands | CC BY

In 2025, Brunei's government spending was $4.5B, accounting for 29.9% of its GDP, while the Marshall Islands spent $201M, or 65.3% of GDP.

Debt-to-GDP ratio is 1.54% in Brunei and 11.8% in the Marshall Islands, ranking 185/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

Marshall Islands
1x
Year Deficit/surplus, % of GDP
Brunei Marshall Islands
2025 -13.4% 1.35%
2024 -12.9% 2.62%
2023 -8.62% 1.01%
2022 -0.25% 0.51%
2021 -8.34% 0.18%
2020 -16.2% 2.54%
2019 -4.16% -1.8%
2018 -2.9% 2.55%
2017 -13.8% 4.38%
2016 -16.7% 3.88%
2015 -11.4% 2.81%
2014 1.25% 3.2%
2013 10.4% -0.23%
2012 19.5% -0.76%
2011 21.5% 2.13%
2010 11.3% 3.51%
2009 3.61% 1.51%
2008 36.1% 3.68%
2007 3.12% 0.27%
2006 19.8% 0.24%
2005 16% -22.3%
2004 8.57% -1.6%
2003 8.06% 10.5%
2002 -4.61% 5.12%
2001 2.59% 7.83%
2000 6.86% 7.84%
1999 -18.3% 9.01%
1998 -24% 13.5%
1997 -11.8% 7.91%
1996 -8.7% -
1995 -19.8% -
1994 -22.6% -
1993 -12.8% -
1992 -8.28% -
1991 -1.06% -
1990 -1.63% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/marshall-islands | CC BY

In 2025, Brunei's government deficit, the difference between spending and revenue, was $2.02B, equivalent to 13.4% of GDP. This compares to the Marshall Islands' surplus of $4.17M, or 1.35% of GDP.

Over the past 29 years, Brunei recorded a fiscal deficit in 15 of those years, while the Marshall Islands ran a deficit in 5 years. On average, Brunei posted an annual surplus equal to 0.05% of GDP, compared to surplus of 2.46% of GDP for the Marshall Islands.

Inflation comparison by year

Inflation
Brunei

Marshall Islands
1x
Year Consumer prices inflation
Brunei Marshall Islands
2025 -0.3% 5.5%
2024 -0.39% 5.2%
2023 0.36% 7.4%
2022 3.68% 2.8%
2021 1.73% 2.2%
2020 1.94% -0.7%
2019 -0.39% -0.1%
2018 1.03% 0.8%
2017 -1.26% 0.1%
2016 -0.28% -1.5%
2015 -0.49% -2.2%
2014 -0.21% 1.1%
2013 0.39% 1.9%
2012 0.11% 4.3%
2011 0.14% 5.4%
2010 0.36% 1.8%
2009 1.04% 0.5%
2008 2.08% 14.7%
2007 0.97% 2.6%
2006 0.16% 5.3%
2005 1.24% 3.5%
2004 0.81% 2%
2003 0.3% -
2002 -2.31% -
2001 0.6% -
2000 1.56% -
1999 -0.42% -
1998 -0.44% -
1997 1.71% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2004–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/marshall-islands | CC BY

Over the past 22 years, Brunei has recorded an average annual inflation rate of 0.58%, compared with 2.85% in the Marshall Islands. In 2025, inflation was -0.3% in Brunei and 5.5% in the Marshall Islands.

Balance of trade

Brunei Marshall Islands
Current account balance
$2.71B
2025
$62.3M
2024
Current account balance ranking
40/190
2025
67/190
2024
Current account balance, % of GDP
+18%
2025
+21.9%
2024
Goods imports
$6.28B
2025
$173M
2024
Goods exports
$10.3B
2025
$101M
2024
Service imports
$1.54B
2025
$64.2M
2024
Service exports
$463M
2025
$21.1M
2024
Imports of goods and services, % of GDP
52%
2025
79.9%
2025
Exports of goods and services, % of GDP
71.6%
2025
36%
2025

Economic freedom indices

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

Brunei Marshall Islands
Economic freedom 67.5 58
Economic freedom ranking 55/197 113/197
Property rights 66.1 n/a
Government integrity 60.4 n/a
Judicial effectiveness 48.6 n/a
Tax burden 95 n/a
Government spending 75.6 n/a
Fiscal health 39 n/a
Business freedom 75.3 n/a
Labor freedom 75.1 n/a
Monetary freedom 74.8 n/a
Trade freedom 84.6 n/a
Investment freedom 65 n/a
Financial freedom 50 n/a

Other economic metrics

Brunei Marshall Islands
Services, % of GDP
40.2%
2025
68.2%
2024
Industry, % of GDP
60%
2025
13.4%
2024
Agriculture, forestry, and fishing, % of GDP
1.18%
2025
19.9%
2024
GNI, Atlas method
$16.2B
2025
$352M
2025
GNI per capita, PPP
$95,420
2025
$10,590
2025
Total reserves including gold
$5.49B
2025
n/a
Total reserves ranking
100/177
2025
n/a
Net foreign direct investment
-$157M
2025
-$13.4M
2024
Net inflows of foreign direct investment
$29.1M
2024
$13.4M
2024
Net outflows of foreign direct investment
$0
2024
$0
2024
Poverty at national poverty lines n/a
7.2%
2019
Gross capital formation, % of GDP
27.1%
2025
21.1%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/marshall-islands | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  6. LivingCost (2026, retrieved 2026-07-08)

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.