Brunei's economy is overwhelmingly dependent on oil and natural gas production. Oil was first discovered in 1929 and is now produced both onshore and offshore. Crude oil output was 62 million barrels in 2004. The Brunei Investment Agency invests oil and gas revenues, providing another key source of income. Agriculture and fisheries are minor sectors as Brunei must import food. The country is developing its forest and transportation infrastructure, including roads, ports, and an international airport. Brunei has a very high GDP per capita due to its oil wealth, though this wealth is concentrated among few.

1. Economic Setting:
Brunei
Reported by:
Pearl Blossom O. Jagonio
(BSEd 3-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:
Microsoft ® Encarta ® 2009. ©
1993-2008 Microsoft
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
Settings of Southeast Asian Nations for
Peace, Prosperity & People”
May 25, 2015 (8:00-11:30 am)
Campus Library