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Economy of Brunei vs Ukraine compared: GDP & Debt

Updated on by Georank team

Brunei has a GDP of $15.3B compared to $191B for Ukraine, ranking 142/197 and 57/197 by economy size, respectively.

Brunei has $351M in government debt (2.29% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Brunei vs Ukraine GDP by year

Brunei
Ukraine
1x
Year GDP, current $
Brunei Ukraine
2024 $15,340,808,592 $190,741,262,415
2023 $15,095,084,656 $181,221,517,869
2022 $16,681,536,467 $161,989,520,721
2021 $14,006,496,617 $199,765,859,571
2020 $12,005,799,654 $156,617,722,013
2019 $13,469,235,365 $153,883,047,510
2018 $13,566,908,391 $130,891,088,294
2017 $12,128,168,045 $112,090,505,082
2016 $11,400,266,045 $93,355,869,404
2015 $12,930,296,870 $91,030,967,789
2014 $17,097,797,386 $133,503,871,862
2013 $18,094,148,099 $190,498,811,460
2012 $19,048,443,341 $182,591,753,828
2011 $18,524,791,063 $169,333,835,202
2010 $13,707,121,038 $141,209,170,427
2009 $11,912,904,510 $121,552,153,444
2008 $15,926,456,515 $188,110,390,660
2007 $13,432,029,484 $148,733,861,386
2006 $12,644,616,419 $111,884,752,475
2005 $10,547,202,621 $89,238,865,119
2004 $8,619,178,774 $67,220,154,164
2003 $7,167,725,262 $52,010,355,753
2002 $6,333,082,876 $43,956,163,612
2001 $6,096,155,767 $39,309,580,983
2000 $6,570,999,088 $32,375,083,935
1999 $6,309,070,378 $31,580,639,554
1998 $5,550,846,020 $41,882,523,345
1997 $7,793,034,376 $50,151,531,592
1996 $7,663,377,306 $44,558,831,005
1995 $7,700,144,069 $48,213,856,469
1994 $6,467,782,518 $52,549,580,265
1993 $6,203,339,912 $65,648,559,903
1992 $6,327,966,435 $73,945,908,384
1991 $6,284,497,294 $77,350,733,982
1990 $6,039,881,087 $81,393,558,423
1989 $4,983,622,881 $82,709,161,099
1988 $4,535,130,305 $74,703,517,903
1987 $4,918,010,080 $64,087,694,038
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 (1965–2024, retrieved 2026-04-06).

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

GDP per capita in Brunei vs Ukraine by year

Brunei
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Brunei Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $33,153 $89,879 $5,038 $18,550
2023 $32,891 $85,033 $4,803 $17,665
2022 $36,633 $81,802 $3,946 $14,770
2021 $31,007 $78,249 $4,510 $17,846
2020 $26,834 $69,788 $3,505 $15,541
2019 $30,427 $69,354 $3,423 $14,217
2018 $30,988 $65,149 $2,895 $12,555
2017 $28,024 $61,658 $2,467 $11,536
2016 $26,663 $56,680 $2,047 $10,865
2015 $30,625 $62,708 $1,988 $9,922
2014 $41,027 $81,226 $2,904 $10,494
2013 $44,003 $83,237 $4,130 $10,904
2012 $46,969 $87,256 $3,951 $9,552
2011 $46,383 $82,735 $3,657 $9,127
2010 $34,938 $79,543 $3,040 $8,453
2009 $30,946 $77,957 $2,607 $7,995
2008 $42,157 $80,477 $4,018 $9,324
2007 $36,217 $83,693 $3,160 $8,900
2006 $34,675 $86,114 $2,366 $7,971
2005 $29,386 $81,534 $1,875 $7,142
2004 $24,423 $80,404 $1,401 $6,663
2003 $20,678 $79,632 $1,076 $5,764
2002 $18,621 $76,838 $903 $5,123
2001 $18,288 $74,254 $800 $4,747
2000 $20,130 $73,087 $653 $4,228
1999 $19,752 $70,585 $632 $3,871
1998 $17,769 $68,257 $831 $3,794
1997 $25,522 $73,980 $987 $3,794
1996 $25,692 $70,008 $870 $3,812
1995 $26,443 $70,440 $933 $4,124
1994 $22,767 $69,779 $1,009 $4,565
1993 $22,397 $69,387 $1,254 $5,766
1992 $23,451 $70,016 $1,413 $6,568
1991 $23,932 $72,610 $1,483 $7,148
1990 $23,659 $70,201 $1,564 $7,591
1989 $20,090 - $1,593 -
1988 $18,825 - $1,444 -
1987 $21,030 - $1,244 -
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 (1965–2024, retrieved 2026-04-06).

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

Brunei's GDP per capita is $33,153, ranking 36/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Brunei ranks 9th at $89,879, while Ukraine ranks 101st at $18,550.

Economic indicators

Brunei Ukraine
Gross domestic product
$15.3B
2024
$191B
2024
GDP rank
142/197
2024
57/197
2024
GDP growth
4.05%
2023-2024
2.91%
2023-2024
GDP per capita
$33,153
2024
$5,038
2024
GDP per capita rank
36/197
2024
120/197
2024
GDP per capita, PPP
$89,879
2024
$18,550
2024
GDP per capita PPP rank
9/197
2024
101/197
2024
Government debt
$351M
2024
$171B
2024
Debt-to-GDP ratio
2.29%
2024
89.7%
2024
Government debt per person
$759
2024
$4,520
2024
Government debt per person rank
153/185
2024
86/185
2024
Average annual personal income after taxes
$24,405
2026
$5,370
2026
Market capitalization of domestic companies n/a
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10% n/a
21.7%
2020
Income share by poorest 10% n/a
4.3%
2020
Government expenditure, % of GDP
29.8%
2024
71.3%
2024
Consumer prices inflation
-0.39%
2023-2024
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
4.87%
2024
9.83%
2021
Population
470884
40125599

Spending and national debt comparison by year

Brunei
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Brunei Ukraine
Government spending Government debt Government spending Government debt
2024 29.8% 2.29% 71.3% 89.7%
2023 29.4% 2.33% 73.4% 81.2%
2022 26.4% 2.06% 65.4% 77.7%
2021 29.3% 2.51% 40.5% 48.9%
2020 33.2% 2.86% 45.6% 60.5%
2019 32.4% 2.58% 41.5% 50.5%
2018 32.2% 2.59% 41.9% 60.4%
2017 36.6% 2.83% 41.7% 71.6%
2016 39.4% 3% 40.8% 79.5%
2015 38.7% 2.95% 43% 79.3%
2014 34.1% 3.23% 44.8% 70.3%
2013 33.6% 2.21% 48.1% 40.5%
2012 31% 2.1% 49% 37.5%
2011 29.7% 2.13% 45.7% 36.9%
2010 36.2% 1.11% 49.2% 40.6%
2009 34.8% 1.11% 48.6% 35.4%
2008 27.2% 0.94% 47.1% 20.4%
2007 29.3% 0.68% 43.7% 12.3%
2006 28% 0.59% 44.6% 14.8%
2005 29.1% 0% 44.2% 17.7%
2004 33.2% 0% 41.6% 24.8%
2003 30.9% 0% 38.9% 29.4%
2002 41.4% 0% 37.9% 33.6%
2001 35.5% 0% 36.7% 36.7%
2000 37.5% 0% 35.5% 43.8%
1999 44.1% 0% 25.8% 59%
1998 45.4% 0% 37.1% 46.5%
1997 39% 0% 40.8% 28.9%
1996 36.9% 0% 36.9% 24.4%
1995 44% 0% 41.3% 30.2%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20).

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

In 2024, Brunei's government spending was $4.57B, accounting for 29.8% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 2.29% in Brunei and 89.7% in Ukraine, ranking 185/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Brunei

Ukraine
1x
Year Deficit/surplus, % of GDP
Brunei Ukraine
2024 -10.2% -17.2%
2023 -10.9% -19.3%
2022 2.53% -15.6%
2021 -8.16% -3.97%
2020 -15.8% -5.92%
2019 -3.69% -2.08%
2018 -3.59% -2.12%
2017 -10.4% -2.36%
2016 -21.7% -2.46%
2015 -14.5% -1.16%
2014 3.58% -4.46%
2013 13% -4.78%
2012 15.8% -4.31%
2011 25.6% -2.76%
2010 7.61% -5.77%
2009 3.61% -6.27%
2008 36.1% -3.14%
2007 3.12% -1.97%
2006 19.8% -1.36%
2005 16% -2.28%
2004 8.57% -4.41%
2003 8.06% -0.89%
2002 -4.61% -1.84%
2001 2.59% -3.03%
2000 6.86% -3.19%
1999 -18.3% 4.95%
1998 -24% -2.69%
1997 -11.8% -5.37%
1996 -8.7% -3.09%
1995 -19.8% -4.72%
1994 -22.6% -
1993 -12.8% -
1992 -8.28% -
1991 -1.06% -
1990 -1.63% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/brunei/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Brunei recorded a fiscal deficit in 15 of those years, while Ukraine ran a deficit in 29 years. On average, Brunei posted an annual deficit equal to 0.44% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Brunei

Ukraine
1x
Year Consumer prices inflation
Brunei Ukraine
2024 -0.39% 6.5%
2023 0.36% 12.9%
2022 3.68% 20.2%
2021 1.73% 9.4%
2020 1.94% 2.7%
2019 -0.39% 7.9%
2018 1.03% 10.9%
2017 -1.26% 14.4%
2016 -0.28% 13.9%
2015 -0.49% 48.7%
2014 -0.21% 12.1%
2013 0.39% -0.3%
2012 0.11% 0.6%
2011 0.14% 8%
2010 0.36% 9.4%
2009 1.04% 15.9%
2008 2.08% 25.2%
2007 0.97% 12.8%
2006 0.16% 9.1%
2005 1.24% 13.5%
2004 0.81% 9%
2003 0.3% 5.2%
2002 -2.31% 0.8%
2001 0.6% 12%
2000 1.56% 28.2%
1999 -0.42% 22.7%
1998 -0.44% 10.6%
1997 1.71% 15.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Brunei has recorded an average annual inflation rate of 0.5%, compared with 12.8% in Ukraine. In 2024, inflation was -0.39% in Brunei and 6.5% in Ukraine.

Top exports between countries

Brunei
Export category Export value
Ukraine
Export category Export value
Raw materials & minerals $48K
Machinery & equipment $4K
Chemicals & pharma $2K
Textiles & consumer goods $2K
Metals $1K

Balance of trade

Brunei Ukraine
Current account balance
$2.23B
2024
-$15.1B
2024
Current account balance ranking
45/190
2024
179/190
2024
Current account balance, % of GDP
+14.5%
2024
-7.94%
2024
Goods imports
$7.36B
2024
$72.3B
2024
Goods exports
$11.1B
2024
$39.3B
2024
Service imports
$1.75B
2024
$22.9B
2024
Service exports
$410M
2024
$17.3B
2024
Imports of goods and services, % of GDP
58.3%
2024
48.3%
2024
Exports of goods and services, % of GDP
74.3%
2024
29.4%
2024

Economic freedom indices

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

Brunei Ukraine
Economic freedom 67.5 54.1
Economic freedom ranking 55/197 135/197
Property rights 66.1 21.6
Government integrity 60.4 35
Judicial effectiveness 48.6 28.2
Tax burden 95 83.7
Government spending 75.6 0
Fiscal health 39 3.9
Business freedom 75.3 57.4
Labor freedom 75.1 46.9
Monetary freedom 74.8 65.7
Trade freedom 84.6 73
Investment freedom 65 35
Financial freedom 50 30

Economic freedom comparison by year

Brunei
Ukraine
1x
Year Economic freedom index
Brunei Ukraine
2026 67.5 -
2025 67 -
2024 65.9 -
2023 65.7 -
2022 64.8 54.1
2021 66.6 56.2
2020 66.6 54.9
2019 65.1 52.3
2018 64.2 51.9
2017 69.8 48.1
2016 67.3 46.8
2015 68.9 46.9
2014 69 49.3
2013 - 46.3
2012 - 46.1
2011 - 45.8
2010 - 46.4
2009 - 48.8
2008 - 51
2007 - 51.5
2006 - 54.4
2005 - 55.8
2004 - 53.7
2003 - 51.1
2002 - 48.2
2001 - 48.5
2000 - 47.8
1999 - 43.7
1998 - 40.4
1997 - 43.5
1996 - 40.6
1995 - 39.9

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

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

The Economic Freedom Index for Brunei is 67.5, ranking 55/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Brunei Ukraine
Services, % of GDP
39%
2024
60.6%
2024
Industry, % of GDP
61.7%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
1.17%
2024
7.11%
2024
GNI, Atlas method
$16.7B
2024
$184B
2024
GNI per capita, PPP
$92,750
2024
$18,560
2024
Total reserves including gold
$4.41B
2024
$43.8B
2024
Total reserves ranking
105/177
2024
46/177
2024
Net foreign direct investment
-$29.1M
2024
-$3.71B
2024
Net inflows of foreign direct investment
$29.1M
2024
$4.02B
2024
Net outflows of foreign direct investment
$0
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.42%
2024
Poverty at national poverty lines n/a
23.2%
2020
Gross capital formation, % of GDP
27.9%
2024
18.6%
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/ukraine | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. TradeMap (2021–2024, retrieved 2026-02-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1995–1996, retrieved 2026-02-20)
  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.