Economy

This chapter contains useful information for Brunei Darussalam’s visitors, including hotel listings and contact information for emergency facilities, ministries, missions, banks, airlines, and taxi services, which can assist in making a stay in Brunei Darussalam safe and smooth. The chapter’s Facts for Visitors section offers insight into communications, dress, business culture, language,...

ASEAN is set to declare itself a common market at the end of 2015, in a move that will create new opportunities for investors in a region the boasts not only some of the world’s fastest-growing economies, but also an expanding middle class. Current estimates for the combines GDP of ASEAN nations have been put at around $2.3trn, with this figure set to rise to $10trn by 2030. Economic growth in...

Buoyed by hydrocarbon revenues, Brunei Darussalam’s economy has continued to grow, enabling a new push to greater diversification and creating job opportunities for locals. The government maintains strong fiscal and current account surpluses and is showing an appetite to direct this toward future growth and diversification. Indeed, with oil and gas making up more than two-thirds of the economy,...