The preceding two paragraphs suggest that economic growth of Brunei is determined by production of oil and gas and their prices. The influence of global prices of oil and gas on nominal GDP of Brunei is shown in Figure 1 in terms of their indexes (2000=100). This figure shows the relationship between average oil price and nominal GDP, as price of natural gas (LNG) follows oil prices. When oil and gas prices were high, the contribution of the sector to the economy was also high, as evident in 2008, when the average price during the year was US$100.99 per barrel (Brunei Government, 2010b, p. 48). Correspondingly, when prices were low, oil and gas contributions to GDP were also low as evident in the early 2000s and in 2009