A brief background of the economic setting of Brunei

1. Economic Setting::
Brunei
Reported by:
Rosemel Arevalo
(Crim. 2-B, Group 2)

2. Economic Setting:
Brunei
• The economy of Brunei is
overwhelmingly dependent on
the production of petroleum and
natural gas. Oil fields were first
discovered in 1929 at Seria, in
western Brunei, but production
has since expanded to offshore
fields.

3. Economic Setting:
Brunei
Crude oil output in 2004 was 62
million barrels. The Brunei
Investment Agency (BIA) is
responsible for investing
petroleum and natural gas
profits and represents another
important source of national

4. Economic Setting:
Brunei
revenue. Of minor importance to
the economy is the production of
textiles and rubber. Local
production of fish and rice does
not meet national needs.
Exploitation of the country’s
forest reserves is increasing.

5. Economic Setting:
Brunei
The country has 1,150 km (715
mi) of roads, mostly along the
coast. Rivers form the principal
network of transportation into
the interior. The chief ports are
Bandar Seri Begawan, Kuala
Belait, and Muara. Royal Brunei

6. Economic Setting:
Brunei
Airlines, the state-owned carrier,
provides service to a number of
international destinations.

7. Economic Setting:
Brunei
Brunei’s unit of currency is the
Brunei dollar (1.60 Brunei dollars
equal U.S.$1; 2006 average). The
gross domestic product (GDP) of
$30,269.70 per capita in 2006
was among the world’s highest,
although much of this wealth is

8. Economic Setting:
Brunei
concentrated in relatively few
hands.

9. Economic Setting:
Brunei
Source:
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Corporation. All rights reserved.

10. Economic Setting:
Brunei
Terima Kasih!!!

11. Economic Setting
as we
Understanding

12. Economic Community
for
establish an

15. Republic of the Philippines
CAPIZ STATE UNIVERSITY
Dumarao Satellite College, Dumarao, Capiz
Theme: “Understanding Better the Political, Economic &
Socio-Cultural Setting of Southeast Asian Nations for
Peace, Prosperity & People”
March 09, 2015 (8:00-11:30 am)
Campus Library