ASEAN: Regional Trends in Economic Integration, Export ... - USITC
ASEAN: Regional Trends in Economic Integration, Export ... - USITC
ASEAN: Regional Trends in Economic Integration, Export ... - USITC
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Sources of GDP (2008)<br />
Agriculture<br />
0.7%<br />
BRUNEI DARUSSALAM<br />
ECONOMIC PROFILE<br />
<strong>Economic</strong> Indicators<br />
2004 2008<br />
Population (million) 0.4 0.4<br />
Nom<strong>in</strong>al GDP (billion US$) 7.9 14.3<br />
Real GDP growth (%) 0.5 ─1.9<br />
Goods exports (million US$) 5,067 10,449<br />
Goods imports (million US$) 1,428 2,550<br />
Trade balance (million US$) 3,639 7,899<br />
GDP per capita (US$ at PPP) n/a n/a<br />
Inward FDI stock (million US$) 9,139 10,361<br />
Source: Economist Intelligence Unit, Country Report: Brunei<br />
Darussalam, June 2009 and March 2010; U.S. Central<br />
Intelligence Agency, The World Factbook: Brunei<br />
Darussalam, March 2010; United Nations Conference on<br />
Trade and Development, FDISTAT Interactive Database.<br />
PPP = purchas<strong>in</strong>g power parity.<br />
Brunei Darussalam’s trade agreements <strong>in</strong>clude:<br />
• <strong>ASEAN</strong>-Ch<strong>in</strong>a, preferential trade agreement<br />
cover<strong>in</strong>g goods (eff. July 2003);<br />
• <strong>ASEAN</strong>-Ch<strong>in</strong>a, economic <strong>in</strong>tegration agreement<br />
cover<strong>in</strong>g services (eff. July 2007);<br />
• <strong>ASEAN</strong>-Japan, free trade agreement cover<strong>in</strong>g<br />
goods (eff. Dec. 2008);<br />
• <strong>ASEAN</strong> Free Trade Area (AFTA), free trade<br />
agreement cover<strong>in</strong>g goods (eff. Jan. 1992);<br />
• Brunei Darussalam-Japan, free trade agreement<br />
and economic <strong>in</strong>tegration agreement cover<strong>in</strong>g<br />
goods and services (eff. July 2008); and<br />
• Trans-Pacific Strategic <strong>Economic</strong> Partnership,<br />
free trade agreement and economic <strong>in</strong>tegration<br />
agreement cover<strong>in</strong>g goods and services (eff.<br />
May 2006).<br />
Source: World Trade Organization, <strong>Regional</strong> Trade<br />
Agreements, Brunei Darussalam, http://rtais.wto.org<br />
(accessed March 17, 2010). Eff. = effective.<br />
Services<br />
25.3%<br />
Industry<br />
74.0%<br />
Pr<strong>in</strong>cipal imports: mach<strong>in</strong>ery and transport<br />
equipment, manufactured goods, food, and<br />
chemicals.<br />
Pr<strong>in</strong>cipal exports: crude oil, natural gas, and<br />
garments.<br />
Source: U.S. Central Intelligence Agency, The World<br />
Factbook: Brunei Darussalam, March 2010.<br />
Ma<strong>in</strong> trade partners, percent of total, 2008<br />
<strong>Export</strong> markets<br />
Suppliers<br />
Japan 43.2 <strong>ASEAN</strong> countries 47.0<br />
<strong>ASEAN</strong><br />
22.7 United States 13.7<br />
countries<br />
South Korea 14.8 Japan 8.5<br />
Australia 10.4 Ch<strong>in</strong>a 6.9<br />
Source: Economist Intelligence Unit, Country Report:<br />
Brunei Darussalam, March 2010.<br />
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