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Economy of Brunei vs Turkey compared: GDP & Debt

Updated on by Georank team

Brunei has a GDP of $15.3B compared to $1.36T for Turkey, ranking 142/197 and 17/197 by economy size, respectively.

Brunei has $351M in government debt (2.29% of GDP), compared to $327B (24% of GDP) in Turkey.

Brunei vs Turkey GDP by year

Brunei
Turkey
1x
Year GDP, current $
Brunei Turkey
2024 $15,340,808,592 $1,359,123,768,774
2023 $15,095,084,656 $1,141,242,864,657
2022 $16,681,536,467 $926,097,476,914
2021 $14,006,496,617 $839,938,668,172
2020 $12,005,799,654 $733,628,247,119
2019 $13,469,235,365 $775,853,144,223
2018 $13,566,908,391 $788,356,985,774
2017 $12,128,168,045 $863,874,522,365
2016 $11,400,266,045 $870,818,016,910
2015 $12,930,296,870 $865,460,050,684
2014 $17,097,797,386 $942,343,431,929
2013 $18,094,148,099 $962,167,643,589
2012 $19,048,443,341 $885,327,622,479
2011 $18,524,791,063 $844,192,507,381
2010 $13,707,121,038 $782,545,664,268
2009 $11,912,904,510 $653,894,449,921
2008 $15,926,456,515 $775,415,944,333
2007 $13,432,029,484 $685,228,481,017
2006 $12,644,616,419 $559,668,118,237
2005 $10,547,202,621 $508,314,210,213
2004 $8,619,178,774 $410,156,784,496
2003 $7,167,725,262 $315,392,899,922
2002 $6,333,082,876 $240,778,008,474
2001 $6,096,155,767 $202,195,080,239
2000 $6,570,999,088 $274,748,463,179
1999 $6,309,070,378 $256,673,939,248
1998 $5,550,846,020 $276,035,372,655
1997 $7,793,034,376 $263,817,553,748
1996 $7,663,377,306 $250,366,965,174
1995 $7,700,144,069 $234,699,627,004
1994 $6,467,782,518 $130,650,447,499
1993 $6,203,339,912 $180,415,757,852
1992 $6,327,966,435 $159,104,772,992
1991 $6,284,497,294 $151,034,731,544
1990 $6,039,881,087 $150,655,500,192
1989 $4,983,622,881 $107,127,191,329
1988 $4,535,130,305 $90,875,175,809
1987 $4,918,010,080 $87,190,081,680
1986 $4,190,280,003 $75,673,037,037
1985 $6,967,623,884 $67,232,758,621
1984 $7,632,788,075 $59,937,602,180
1983 $7,927,590,750 $61,803,555,556
1982 $8,932,198,186 $64,369,325,153
1981 $9,367,218,664 $71,180,180,180
1980 $10,795,432,294 $68,823,684,211
1979 $6,044,367,628 $89,616,129,032
1978 $4,100,423,674 $65,912,500,000
1977 $3,681,242,528 $58,683,333,333
1976 $3,054,765,590 $51,450,000,000
1975 $2,496,420,258 $46,042,857,143
1974 $2,319,576,214 $35,414,285,714
1973 $433,095,527 $26,000,000,000
1972 $270,822,782 $20,650,000,000
1971 $197,525,768 $16,166,666,667
1970 $179,078,929 $17,863,636,364
1969 $161,210,236 $19,466,666,667
1968 $160,818,236 $17,500,000,000
1967 $139,029,537 $15,644,444,444
1966 $132,757,528 $14,100,000,000
1965 $114,039,501 $11,966,666,667
1964 - $11,177,777,778
1963 - $10,355,555,556
1962 - $8,922,222,222
1961 - $7,988,888,889
1960 - $7,566,666,667

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

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

GDP per capita in Brunei vs Turkey by year

Brunei
GDP per capita

GDP per capita, PPP
Turkey
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei Turkey
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $33,153 $89,879 $15,893 $45,639
2023 $32,891 $85,033 $13,375 $42,786
2022 $36,633 $81,802 $10,898 $39,564
2021 $31,007 $78,249 $9,982 $32,106
2020 $26,834 $69,788 $8,798 $29,209
2019 $30,427 $69,354 $9,395 $29,016
2018 $30,988 $65,149 $9,684 $28,640
2017 $28,024 $61,658 $10,756 $28,354
2016 $26,663 $56,680 $10,984 $26,731
2015 $30,625 $62,708 $11,065 $25,890
2014 $41,027 $81,226 $12,209 $24,193
2013 $44,003 $83,237 $12,636 $22,475
2012 $46,969 $87,256 $11,777 $20,739
2011 $46,383 $82,735 $11,374 $19,717
2010 $34,938 $79,543 $10,699 $17,466
2009 $30,946 $77,957 $9,077 $15,560
2008 $42,157 $80,477 $10,913 $16,142
2007 $36,217 $83,693 $9,767 $14,951
2006 $34,675 $86,114 $7,990 $13,555
2005 $29,386 $81,534 $7,332 $11,803
2004 $24,423 $80,404 $5,980 $10,759
2003 $20,678 $79,632 $4,650 $9,474
2002 $18,621 $76,838 $3,591 $9,154
2001 $18,288 $74,254 $3,052 $9,014
2000 $20,130 $73,087 $4,199 $9,326
1999 $19,752 $70,585 $3,974 $8,470
1998 $17,769 $68,257 $4,331 $8,763
1997 $25,522 $73,980 $4,197 $11,514
1996 $25,692 $70,008 $4,041 $10,624
1995 $26,443 $70,440 $3,846 $9,962
1994 $22,767 $69,779 $2,176 $9,253
1993 $22,397 $69,387 $3,058 $9,751
1992 $23,451 $70,016 $2,744 $8,969
1991 $23,932 $72,610 $2,649 $8,418
1990 $23,659 $70,201 $2,690 $8,208
1989 $20,090 - $1,949 -
1988 $18,825 - $1,686 -
1987 $21,030 - $1,650 -
1986 $18,501 - $1,461 -
1985 $31,827 - $1,326 -
1984 $36,061 - $1,209 -
1983 $38,720 - $1,276 -
1982 $45,075 - $1,360 -
1981 $48,793 - $1,537 -
1980 $58,005 - $1,516 -
1979 $33,501 - $2,013 -
1978 $23,447 - $1,510 -
1977 $21,747 - $1,372 -
1976 $18,671 - $1,228 -
1975 $15,793 - $1,122 -
1974 $15,195 - $881 -
1973 $2,939 - $661 -
1972 $1,905 - $537 -
1971 $1,432 - $431 -
1970 $1,325 - $488 -
1969 $1,226 - $544 -
1968 $1,274 - $501 -
1967 $1,149 - $459 -
1966 $1,146 - $425 -
1965 $1,029 - $370 -
1964 - - $354 -
1963 - - $337 -
1962 - - $298.2 -
1961 - - $274.4 -
1960 - - $267.1 -

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

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

Brunei's GDP per capita is $33,153, ranking 36/197, compared to $15,893 in Turkey, ranking 66/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while Turkey ranks 51st at $45,639.

Economic indicators

Brunei Turkey
Gross domestic product
$15.3B
2024
$1.36T
2024
GDP rank
142/197
2024
17/197
2024
GDP growth
4.05%
2023-2024
3.33%
2023-2024
GDP per capita
$33,153
2024
$15,893
2024
GDP per capita rank
36/197
2024
66/197
2024
GDP per capita, PPP
$89,879
2024
$45,639
2024
GDP per capita PPP rank
9/197
2024
51/197
2024
Government debt
$351M
2024
$327B
2024
Debt-to-GDP ratio
2.29%
2024
24%
2024
Government debt per person
$759
2024
$3,820
2024
Government debt per person rank
153/185
2024
92/185
2024
Average annual personal income after taxes
$24,405
2026
$10,928
2026
Market capitalization of domestic companies n/a
$379B
2024
Number of millionaires n/a
60,787
2025
Number of billionaires n/a
32
2025
Income share by richest 10% n/a
35.2%
2022
Income share by poorest 10% n/a
2.1%
2022
Government expenditure, % of GDP
29.8%
2024
32.6%
2024
Consumer prices inflation
-0.39%
2023-2024
58.5%
2023-2024
Central bank interest rate n/a
38%
2025
Unemployment rate
4.87%
2024
8.71%
2024
Population
470884
86002379

Spending and national debt comparison by year

Brunei
Spending

Debt
Turkey
Spending

Debt
1x
Year % of GDP
Brunei Turkey
Government spending Government debt Government spending Government debt
2024 29.8% 2.29% 32.6% 24%
2023 29.4% 2.33% 32.5% 28.7%
2022 26.4% 2.06% 26.8% 30.2%
2021 29.3% 2.51% 30.5% 39.4%
2020 33.2% 2.86% 34% 38.7%
2019 32.4% 2.58% 34.8% 31.8%
2018 32.2% 2.59% 33.9% 29.5%
2017 36.6% 2.83% 32.4% 27.6%
2016 39.4% 3% 33.8% 27.7%
2015 38.7% 2.95% 32.4% 27.1%
2014 34.1% 3.23% 32.5% 28.2%
2013 33.6% 2.21% 33.5% 30.8%
2012 31% 2.1% 34% 32.1%
2011 29.7% 2.13% 32.6% 35.7%
2010 36.2% 1.11% 35.2% 39.2%
2009 34.8% 1.11% 37% 42.9%
2008 27.2% 0.94% 33.5% 37.5%
2007 29.3% 0.68% 32.7% 37.5%
2006 28% 0.59% 33.4% 44%
2005 29.1% 0% 32% 50%
2004 33.2% 0% 34.5% 57%
2003 30.9% 0% 38.3% 65%
2002 41.4% 0% 40.9% 71.3%
2001 35.5% 0% 43.9% 75.3%
2000 37.5% 0% 39.4% 51.2%
1999 44.1% 0% 32.7% 52.1%
1998 45.4% 0% 27.9% 36.5%
1997 39% 0% 26.4% 32.5%
1996 36.9% 0% 24.5% 35.5%
1995 44% 0% 19.4% 34.6%
1994 47.1% 0% 20.5% 39.2%
1993 38% 0% 22% 29.1%
1992 34.1% 0% 18.6% 29.2%
1991 30.6% 0% 18.2% 28.4%
1990 32% 0% 14.1% 25.8%
1989 - - 13.8% 33.5%
1988 - - 12.9% 38.6%
1987 - - 13.3% 40.3%
1986 - - 12.1% 38.2%
1985 - - 18% 44.3%
1984 - - 14.1% 42.6%
1983 - - 14.9% 32.7%
1982 - - 19.2% 33.4%
1981 - - 24% 32%
1980 - - 25.5% 22.4%
1979 - - 28.3% 23.6%
1978 - - 27.6% 25.8%
1977 - - 27.8% 24%
1976 - - 23.3% 20.4%
1975 - - 22% 20.2%
1974 - - 19% 19%
1973 - - 21.8% 23.1%
1972 - - 21.9% 30.1%
1971 - - 24.8% 34.4%
1970 - - 22.7% 39.8%
1969 - - 20.5% 33.2%
1968 - - 19% 33.2%
1967 - - 20.1% 33.3%
1966 - - 18.9% 33.4%
1965 - - 19% 33.4%
1964 - - 18.9% 25.7%
1963 - - 17.5% 27.6%
1962 - - 15.7% 28.8%
1961 - - 22.9% 28.9%
1960 - - 15.6% 19.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Brunei's government spending was $4.57B, accounting for 29.8% of its GDP, while Turkey spent $444B, or 32.6% of GDP.

Debt-to-GDP ratio is 2.29% in Brunei and 24% in Turkey, ranking 185/185 and 170/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

Turkey
1x
Year Deficit/surplus, % of GDP
Brunei Turkey
2024 -10.2% -4.57%
2023 -10.9% -5.22%
2022 2.53% -1.1%
2021 -8.16% -2.98%
2020 -15.8% -4.64%
2019 -3.69% -4.69%
2018 -3.59% -3.1%
2017 -10.4% -1.87%
2016 -21.7% -1.68%
2015 -14.5% -0.51%
2014 3.58% -0.96%
2013 13% -1.21%
2012 15.8% -1.78%
2011 25.6% -0.35%
2010 7.61% -2.99%
2009 3.61% -5.14%
2008 36.1% -2.13%
2007 3.12% -1.37%
2006 19.8% -0.22%
2005 16% -0.75%
2004 8.57% -4.11%
2003 8.06% -7.55%
2002 -4.61% -11.3%
2001 2.59% -11.6%
2000 6.86% -8.36%
1999 -18.3% -13.8%
1998 -24% -9.84%
1997 -11.8% -10.1%
1996 -8.7% -10.7%
1995 -19.8% -5.95%
1994 -22.6% -6.04%
1993 -12.8% -8.84%
1992 -8.28% -6.73%
1991 -1.06% -6.86%
1990 -1.63% -3.65%
1989 - -3.87%
1988 - -3.2%
1987 - -3.47%
1986 - -2.43%
1985 - -5.84%
1984 - -3.77%
1983 - -1.45%
1982 - -1.61%
1981 - -1.5%
1980 - -3.67%
1979 - -3.06%
1978 - -1.83%
1977 - -5.1%
1976 - -0.6%
1975 - -0.19%
1974 - -1.02%
1973 - -0.98%
1972 - -0.13%
1971 - -3.05%
1970 - 0.14%
1969 - -1.45%
1968 - -0.62%
1967 - 0.1%
1966 - -0.66%
1965 - -1.18%
1964 - -0.84%
1963 - 0%
1962 - -0.16%
1961 - -1%
1960 - -0.83%
1959 - -0.78%
1958 - -0.45%
1957 - -0.66%
1956 - -0.84%
1955 - -0.85%
1954 - -1.12%
1953 - -0.12%
1952 - -0.1%
1951 - 0.48%
1950 - -0.53%
1949 - 0.81%
1948 - 0.84%
1947 - -
1946 - -
1945 - 1.01%
1944 - -
1943 - 0.22%
1942 - -
1941 - -
1940 - -
1939 - -
1938 - 1.18%
1937 - -
1936 - 1.43%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1936–1999, retrieved 2026-02-20).

GeoRank.org/economy/brunei/turkey | 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 Turkey's deficit of $62.1B, or 4.57% of GDP.

Over the past 35 years, Brunei recorded a fiscal deficit in 20 of those years, while Turkey ran a deficit in 35 years. On average, Brunei posted an annual deficit equal to 1.7% of GDP, compared to deficit of 4.94% of GDP for Turkey.

Inflation comparison by year

Inflation
Brunei

Turkey
1x
Year Consumer prices inflation
Brunei Turkey
2024 -0.39% 58.5%
2023 0.36% 53.9%
2022 3.68% 72.3%
2021 1.73% 19.6%
2020 1.94% 12.3%
2019 -0.39% 15.2%
2018 1.03% 16.3%
2017 -1.26% 11.1%
2016 -0.28% 7.78%
2015 -0.49% 7.67%
2014 -0.21% 8.85%
2013 0.39% 7.49%
2012 0.11% 8.89%
2011 0.14% 6.47%
2010 0.36% 8.57%
2009 1.04% 6.25%
2008 2.08% 10.4%
2007 0.97% 8.76%
2006 0.16% 9.6%
2005 1.24% 8.18%
2004 0.81% 8.6%
2003 0.3% 21.6%
2002 -2.31% 45%
2001 0.6% 54.4%
2000 1.56% 54.9%
1999 -0.42% 64.9%
1998 -0.44% 84.6%
1997 1.71% 85.7%

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

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

Over the past 28 years, Brunei has recorded an average annual inflation rate of 0.5%, compared with 27.8% in Turkey. In 2024, inflation was -0.39% in Brunei and 58.5% in Turkey.

Top exports between countries

Brunei
Export category Export value
Chemicals & pharma $207K
Animal & marine products $147K
Processed food, beverages & tobacco $81K
Machinery & equipment $41K
Metals $16K
Miscellaneous $2K
Textiles & consumer goods $2K
Turkey
Export category Export value
Raw materials & minerals $1.21M
Processed food, beverages & tobacco $1.03M
Machinery & equipment $605K
Textiles & consumer goods $298K
Raw agricultural goods $173K
Chemicals & pharma $149K
Wood & paper products $129K
Miscellaneous $40K
Animal & marine products $13K
Metals $12K

Balance of trade

Brunei Turkey
Current account balance
$2.23B
2024
-$10.2B
2024
Current account balance ranking
45/190
2024
176/190
2024
Current account balance, % of GDP
+14.5%
2024
-0.75%
2024
Goods imports
$7.36B
2024
$314B
2024
Goods exports
$11.1B
2024
$257B
2024
Service imports
$1.75B
2024
$53.3B
2024
Service exports
$410M
2024
$115B
2024
Imports of goods and services, % of GDP
58.3%
2024
27%
2024
Exports of goods and services, % of GDP
74.3%
2024
27.6%
2024

Economic freedom indices

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

Brunei Turkey
Economic freedom 67.5 55
Economic freedom ranking 55/197 129/197
Property rights 66.1 36.4
Government integrity 60.4 35.3
Judicial effectiveness 48.6 23.5
Tax burden 95 72
Government spending 75.6 71.8
Fiscal health 39 77.8
Business freedom 75.3 61.6
Labor freedom 75.1 44.3
Monetary freedom 74.8 36.5
Trade freedom 84.6 71
Investment freedom 65 70
Financial freedom 50 60

Economic freedom comparison by year

Brunei
Turkey
1x
Year Economic freedom index
Brunei Turkey
2026 67.5 55
2025 67 56.1
2024 65.9 56.2
2023 65.7 56.9
2022 64.8 56.9
2021 66.6 64
2020 66.6 64.4
2019 65.1 64.6
2018 64.2 65.4
2017 69.8 65.2
2016 67.3 62.1
2015 68.9 63.2
2014 69 64.9
2013 - 62.9
2012 - 62.5
2011 - 64.2
2010 - 63.8
2009 - 61.6
2008 - 59.9
2007 - 57.4
2006 - 57
2005 - 50.6
2004 - 52.8
2003 - 51.9
2002 - 54.2
2001 - 60.6
2000 - 63.4
1999 - 59.2
1998 - 60.9
1997 - 60.8
1996 - 56.7
1995 - 58.4

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

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

The Economic Freedom Index for Brunei is 67.5, ranking 55/197, compared to 55 for Turkey, ranking 129/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brunei Turkey
Services, % of GDP
39%
2024
57.5%
2024
Industry, % of GDP
61.7%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
1.17%
2024
5.82%
2024
GNI, Atlas method
$16.7B
2024
$1.15T
2024
GNI per capita, PPP
$92,750
2024
$45,110
2024
Total reserves including gold
$4.41B
2024
$155B
2024
Total reserves ranking
105/177
2024
21/177
2024
Net foreign direct investment
-$29.1M
2024
-$5.13B
2024
Net inflows of foreign direct investment
$29.1M
2024
$11.7B
2024
Net outflows of foreign direct investment
$0
2024
$6.61B
2024
Servicing debt to the IMF, % of GNI n/a
6.67%
2024
Poverty at national poverty lines n/a
13.6%
2023
Gross capital formation, % of GDP
27.9%
2024
30.7%
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/turkey | 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 (1936–1999, 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.