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Economy of Brunei vs San Marino compared: GDP & Debt

Updated on by Georank

Brunei has a GDP of $15B compared to $2.03B for San Marino, ranking 147/197 and 180/197 by economy size, respectively.

Brunei has $232M in government debt (1.54% of GDP), compared to $1.39B (60.6% of GDP) in San Marino.

Brunei vs San Marino GDP by year

Brunei
San Marino
1x
Year GDP, current $
Brunei San Marino
2025 $15,031,980,994 -
2024 $15,340,808,592 -
2023 $15,095,084,656 $2,027,243,194
2022 $16,681,536,467 $1,831,701,023
2021 $14,006,496,617 $1,855,395,712
2020 $12,005,799,654 $1,544,713,785
2019 $13,469,235,365 $1,616,231,696
2018 $13,566,908,391 $1,655,354,329
2017 $12,128,168,045 $1,528,621,193
2016 $11,400,266,045 $1,468,342,400
2015 $12,930,296,870 $1,419,400,396
2014 $17,097,797,386 $1,673,910,988
2013 $18,094,148,099 $1,678,741,202
2012 $19,048,443,341 $1,604,701,051
2011 $18,524,791,063 $1,813,717,695
2010 $13,707,121,038 $1,881,191,950
2009 $11,912,904,510 $2,064,277,984
2008 $15,926,456,515 $2,403,214,436
2007 $13,432,029,484 $2,188,653,429
2006 $12,644,616,419 $1,909,765,811
2005 $10,547,202,621 $1,786,513,631
2004 $8,619,178,774 $1,715,341,295
2003 $7,167,725,262 $1,462,590,387
2002 $6,333,082,876 $1,148,872,076
2001 $6,096,155,767 $1,059,529,731
2000 $6,570,999,088 $1,007,661,291
1999 $6,309,070,378 $1,109,473,282
1998 $5,550,846,020 $1,048,316,226
1997 $7,793,034,376 $976,606,911
1996 $7,663,377,306 -
1995 $7,700,144,069 -
1994 $6,467,782,518 -
1993 $6,203,339,912 -
1992 $6,327,966,435 -
1991 $6,284,497,294 -
1990 $6,039,881,087 -
1989 $4,983,622,881 -
1988 $4,535,130,305 -
1987 $4,918,010,080 -
1986 $4,190,280,003 -
1985 $6,967,623,884 -
1984 $7,632,788,075 -
1983 $7,927,590,750 -
1982 $8,932,198,186 -
1981 $9,367,218,664 -
1980 $10,795,432,294 -
1979 $6,044,367,628 -
1978 $4,100,423,674 -
1977 $3,681,242,528 -
1976 $3,054,765,590 -
1975 $2,496,420,258 -
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 (1965–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/san-marino | CC BY

GDP per capita in Brunei vs San Marino by year

Brunei
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,235 - - -
2024 $33,153 $89,879 - -
2023 $32,891 $85,033 $59,871 $78,745
2022 $36,633 $81,802 $54,265 $75,941
2021 $31,007 $78,249 $54,169 $64,745
2020 $26,834 $69,788 $44,427 $55,207
2019 $30,427 $69,354 $46,627 $57,444
2018 $30,988 $65,149 $47,951 $54,461
2017 $28,024 $61,658 $45,192 $52,463
2016 $26,663 $56,680 $44,359 $53,033
2015 $30,625 $62,708 $43,147 $52,247
2014 $41,027 $81,226 $51,260 $52,909
2013 $44,003 $83,237 $50,808 $50,770
2012 $46,969 $87,256 $47,946 $51,274
2011 $46,383 $82,735 $55,601 $56,240
2010 $34,938 $79,543 $56,543 $58,926
2009 $30,946 $77,957 $62,429 $61,970
2008 $42,157 $80,477 $75,902 $71,724
2007 $36,217 $83,693 $70,124 $71,744
2006 $34,675 $86,114 $63,271 $67,434
2005 $29,386 $81,534 $59,878 $63,739
2004 $24,423 $80,404 $58,232 $61,114
2003 $20,678 $79,632 $52,530 $60,224
2002 $18,621 $76,838 $41,791 $57,584
2001 $18,288 $74,254 $39,035 $57,252
2000 $20,130 $73,087 $37,601 $53,713
1999 $19,752 $70,585 $41,932 $52,064
1998 $17,769 $68,257 $40,127 $47,679
1997 $25,522 $73,980 $37,853 $44,426
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 (1965–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/san-marino | CC BY

Brunei's GDP per capita is $32,235, ranking 42/197, compared to $59,871 in San Marino, ranking 20/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while San Marino ranks 17th at $78,745.

Economic indicators

Brunei San Marino
Gross domestic product
$15B
2025
$2.03B
2023
GDP rank
147/197
2025
180/197
2023
GDP growth
0.67%
2024-2025
0.4%
2022-2023
GDP per capita
$32,235
2025
$59,871
2023
GDP per capita rank
42/197
2025
20/197
2023
GDP per capita, PPP
$89,879
2024
$78,745
2023
GDP per capita PPP rank
9/197
2024
17/197
2023
Government debt
$232M
2025
$1.39B
2023
Debt-to-GDP ratio
1.54%
2025
60.6%
2025
Government debt per person
$498
2025
$40,914
2023
Government debt per person rank
169/185
2025
17/185
2023
Average annual personal income after taxes
$25,392
2026
$46,440
2026
Government expenditure, % of GDP
29.9%
2025
22%
2025
Consumer prices inflation
-0.3%
2024-2025
2.3%
2024-2025
Unemployment rate
4.87%
2024
4.92%
2022
Population
471596
34159

Spending and national debt comparison by year

Brunei
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Brunei San Marino
Government spending Government debt Government spending Government debt
2025 29.9% 1.54% 22% 60.6%
2024 30.3% 1.57% 20.9% 62.9%
2023 30.1% 1.67% 21.7% 68.3%
2022 26.1% 1.33% 21.7% 70.6%
2021 30.1% 1.43% 37.1% 77.2%
2020 32.8% 2.16% 59.2% 69.8%
2019 32.1% 1.82% 22.4% 56.2%
2018 32.9% 1.9% 24.5% 56.7%
2017 36.6% 2.58% 25.6% 56.6%
2016 39.8% 3% 23.4% 21.4%
2015 37% 2.95% 26.3% 19.3%
2014 34% 3.23% 23.7% 21%
2013 33.4% 2.21% 30.2% 23.2%
2012 31.1% 2.1% 30.6% 17.2%
2011 29.9% 2.13% 25.4% 16.6%
2010 25.5% 1.11% 24.4% 20%
2009 34.8% 1.11% 24.8% 20.1%
2008 27.2% 0.94% 22% 15.5%
2007 29.3% 0.68% 20.7% 12.6%
2006 28% 0.59% 19.7% 14.2%
2005 29.1% 0% 19.3% 14.5%
2004 33.2% 0% 19% 16.9%
2003 30.9% 0% - 16.1%
2002 41.4% 0% - 17.2%
2001 35.5% 0% - 11.6%
2000 37.5% 0% - -
1999 44.1% 0% - -
1998 45.4% 0% - -
1997 39% 0% - -
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/san-marino | CC BY

In 2025, Brunei's government spending was $4.5B, accounting for 29.9% of its GDP, while San Marino spent $439M, or 22% of GDP.

Debt-to-GDP ratio is 1.54% in Brunei and 60.6% in San Marino, ranking 185/185 and 75/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

San Marino
1x
Year Deficit/surplus, % of GDP
Brunei San Marino
2025 -13.4% -1%
2024 -12.9% 0.39%
2023 -8.62% -0.72%
2022 -0.25% 0.42%
2021 -8.34% -16.4%
2020 -16.2% -37.6%
2019 -4.16% -0.11%
2018 -2.9% -1.56%
2017 -13.8% -3.49%
2016 -16.7% -0.19%
2015 -11.4% -3.32%
2014 1.25% 1.06%
2013 10.4% -7.74%
2012 19.5% -7.08%
2011 21.5% -4.05%
2010 11.3% -2.24%
2009 3.61% -2.46%
2008 36.1% 0.18%
2007 3.12% 1.83%
2006 19.8% 1.51%
2005 16% 3.58%
2004 8.57% 2.44%
2003 8.06% -
2002 -4.61% -
2001 2.59% -
2000 6.86% -
1999 -18.3% -
1998 -24% -
1997 -11.8% -
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/san-marino | CC BY

In 2023, Brunei's government deficit, the difference between spending and revenue, was $1.3B, equivalent to 8.62% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, Brunei recorded a fiscal deficit in 9 of those years, while San Marino ran a deficit in 13 years. On average, Brunei posted an annual surplus equal to 3.44% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Brunei

San Marino
1x
Year Consumer prices inflation
Brunei San Marino
2025 -0.3% 2.3%
2024 -0.39% 1.2%
2023 0.36% 5.9%
2022 3.68% 5.3%
2021 1.73% 1.6%
2020 1.94% -0.1%
2019 -0.39% 0.5%
2018 1.03% 1.2%
2017 -1.26% 1%
2016 -0.28% 0.6%
2015 -0.49% 0.1%
2014 -0.21% 1.1%
2013 0.39% 1.6%
2012 0.11% 2.8%
2011 0.14% 2.2%
2010 0.36% 2.4%
2009 1.04% 2.4%
2008 2.08% 4.1%
2007 0.97% 2.5%
2006 0.16% 2.1%
2005 1.24% 1.7%
2004 0.81% 1.4%
2003 0.3% 1.3%
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 (2003–2025, retrieved 2026-07-08).

GeoRank.org/economy/brunei/san-marino | CC BY

Over the past 23 years, Brunei has recorded an average annual inflation rate of 0.57%, compared with 1.97% in San Marino. In 2025, inflation was -0.3% in Brunei and 2.3% in San Marino.

Balance of trade

Brunei San Marino
Current account balance
$2.71B
2025
$446M
2023
Current account balance ranking
40/190
2025
60/190
2023
Current account balance, % of GDP
+18%
2025
+22%
2023
Goods imports
$6.28B
2025
$2.25B
2023
Goods exports
$10.3B
2025
$2.53B
2023
Service imports
$1.54B
2025
$894M
2023
Service exports
$463M
2025
$1.25B
2023
Imports of goods and services, % of GDP
52%
2025
155%
2023
Exports of goods and services, % of GDP
71.6%
2025
186%
2023

Economic freedom indices

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

Brunei San Marino
Economic freedom 67.5 76
Economic freedom ranking 55/197 16/197
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 San Marino
Services, % of GDP
40.2%
2025
56.9%
2023
Industry, % of GDP
60%
2025
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
1.18%
2025
0.02%
2023
GNI, Atlas method
$16.2B
2025
$1.83B
2023
GNI per capita, PPP
$95,420
2025
$71,920
2023
Total reserves including gold
$5.49B
2025
$861M
2025
Total reserves ranking
100/177
2025
144/177
2025
Net foreign direct investment
-$157M
2025
$52.7M
2023
Net inflows of foreign direct investment
$29.1M
2024
-$18.1M
2023
Net outflows of foreign direct investment
$0
2024
$0
2024
Gross capital formation, % of GDP
27.1%
2025
16.6%
2023

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/san-marino | 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.