Brunei vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Brunei ranked 131st with $13.6B. By GDP 5-years average growth and GDP per capita, Norway and Brunei ranked 142nd vs 173rd and 5th vs 32nd, respectively.

Gross Domestic Product & Income

StatBruneiNorway
GDP$13.6B$434.2B
GDP growth, 1 year-0.2%1.4%
GDP growth, 5-years average-0.9%1.7%
Population429k5.4M
GDP per capita$32k$82k
GDP per capita growth-0.99%0.58%
Purchasing Power Parity conversion factor0.5310.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.391.25
GDP per capita, PPP adjusted$80k$74k
GNI, Atlas method$12.7B$428.4B
GNI per capita$30k$81k
GNI, PPP adjusted$35.3B$363B
GNI per capita, PPP adjusted$82k$68k

Financial system and Human development

StatBruneiNorway
Income Tax Rate0%47.8%
Corporate Tax Rate18.5%22%
Inflation, consumer prices0.1%2.8%
Inflation, GDP deflator9.2%5.8%
Unemployment9.2%3.9%
Economic Freedom Index66.673.4
Personal Freedom Index6.269.55
Human Freedom Index6.668.61
Property Rights Index69.884.3
Judical Effectiveness Index56.882.8
Business Freedom Index84.186.1
Fiscal Health Index2097.3
Labor Freedom Index90.557.4
Investment Freedom Index6575
Financial Freedom Index5060
Trade Freedom Index8583.8
Monetary Freedom Index77.174.8
Government Spending Index61.525.6
Tax Burden Index89.857.7
Government Integrity Index49.695.6
Corruption Perceptions Index6384
Life expectancy at birth, years75.682.5
Suicide mortality rate, per 100,000 people4.612.2
Mortality caused by road traffic injury, per 100,000 people82.7
Intentional homicides, per 100,000 people0.50.5
International tourism, number of arrivals278k5.7M

Government debt & reserves

StatBruneiNorway
Central government debt, % of GDP2.5%36.8%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI34.6%16.9%
Gross savings, % of GDP54.1%35.9%
Gross capital formation, % of GDP41.1%27.3%
Total reserves including gold$3.4B$63.1B
Foreign direct investment net inflows$511.5M-$17.4B

Exports, imports and economic structure

StatBruneiNorway
Exports of goods and services, % of GDP51.9%38.4%
Imports of goods and services, % of GDP42%32.6%
Current account balance (balance of payments)$1.1B$31.4B
Revenue excluding grants, % of GDPN/A47.4%
Grants excluding technical cooperation, BoP$200kN/A
Personal remittances receivedN/A$644.3M
Industry including construction value added, % of GDP63.2%32%
Agriculture, forestry and fishing value added, % of GDP1%1.9%
Charges for the use of intellectual property, payments BoP$19.7M$768.9M
Charges for the use of intellectual property, receipts BoPN/A$515.2M
Expense, % of GDPN/A37.7%
Government Expenditure, % of GDP35.8%49.8%

Compare with countries close by GDP per capita

Brunei vs

CountryGDP
per capita
Population
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k