Brunei is an energy-rich sultanate on the northern coast of Borneo in Southeast Asia. Brunei boasts a well-educated, largely English-speaking population; excellent infrastructure; and a stable government intent on attracting foreign investment. Crude oil and natural gas production account for approximately 65% of GDP and 95% of exports, with Japan as the primary export market.
Per capita GDP is among the highest in the world, and substantial income from overseas investment supplements income from domestic hydrocarbon production. Bruneian citizens pay no personal income taxes, and the government provides free medical services and free education through the university level.
The Bruneian Government wants to diversify its economy away from hydrocarbon exports to other industries such as information and communications technology and halal manufacturing, permissible under Islamic law. Brunei’s trade increased in 2016 and 2017, following its regional economic integration in the ASEAN Economic Community, and the expected ratification of the Trans-Pacific Partnership trade agreement.
Agriculture: 4.2%
Industry: 62.8%
Services: 33% (2008 est.)
2017: 6.9%
2016: 6.9%
Lowest 10: NA
Highest 10: NA
Revenues: 2.245 billion (2017 est.)
Expenditures: 4.345 billion (2017 est.)
2017: 2.8% of GDP
2016: 3% of GDP
31 December 2017: 5.5%
31 December 2016: 5.5%
31 December 2017: $3.387 billion
31 December 2016: $3.232 billion
31 December 2017: $3.387 billion
31 December 2016: $3.232 billion
31 December 2017: $3.665 billion
31 December 2016: $4.066 billion
31 December 2017: $3.488 billion
31 December 2015: $3.366 billion
2014: $0
2013: $0
Currency: Bruneian dollars (BND) per US dollar -
Exchange rates:
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