Brunei Darussalam

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

Brunei Darussalam - In Short.

Overview of Brunei Darussalam

The Sultanate of Brunei’s influence peaked between the 15th and 17th centuries when its control extended over coastal areas of northwest Borneo and the southern Philippines. Brunei subsequently entered a period of decline brought on by internal strife over royal succession, colonial expansion of European powers, and piracy. In 1888, Brunei became a British protectorate; independence was achieved in 1984. The same family has ruled Brunei for over six centuries. Brunei benefits from extensive petroleum and natural gas fields, the source of one of the highest per capita GDPs in the world. In 2017, Brunei celebrated the 50th anniversary of the Sultan Hassanal BOLKIAH’s accession to the throne.
Value
Country Full Name
Brunei Darussalam
Country Code
BRN
Region
East Asia & Pacific
Income Group
High income
Currency Unit
GDP
12005825770
Population
437483
Land Area
5270
Net National Income Per Capita
22317.47597
GDP per Capita (PPP)
65612.70206

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

Brunei Darussalam - Economic

Economy of Brunei Darussalam

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.

Unemployment Rate

Inflation Rate

Brunei Darussalam - GDP Composition

GDP Composiiton & Value Added of Brunei Darussalam

Last Updated: Jan, 2021, Updated For 2020.

Brunei Darussalam - GDP, Value Added

Demographics of Brunei Darussalam

a fairly even distribution throughout the inhabited islands, with the largest islands of Tortola, Anegada, Virgin Gorda, and Jost Van Dyke having the largest populations
Geographic Location

Southeastern Asia, along the northern coast of the island of Borneo, bordering the South China Sea and Malaysia

Races

Malay 65.8%, Chinese 10.2%, other 24% (2020 est.)

Languages

Malay (Bahasa Melayu) (official), English, Chinese dialectsmajor-language

Religion

Muslim (official) 80.9%, Christian 7.1%, Buddhist 7.1%, other (includes indigenous beliefs) 5% (2016 est.)

Dependency & Expectancy of Brunei Darussalam

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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Brunei Darussalam - Social Media Briefing

Brunei Darussalam - Social Media & Social Commerce

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Politics & Policies of Brunei Darussalam

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

ADB, APEC, ARF, ASEAN, C, CP, EAS, FAO, G-77, IAEA, IBRD, ICAO, ICC (NGOs), ICRM, IDA, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, ISO (correspondent), ITSO, ITU, NAM, OIC, OPCW, UN, UNCTAD, UNESCO, UNIFIL, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO

Import of Brunei Darussalam

Export of Brunei Darussalam

Import Destination

Export Destination