INTRODUCTION:
Brunei Darussalam is on the north-western shore of Borneo and shares a common border
with the Malaysian state of Sarawak. 75 per
cent of its 5,765 km² land area is covered by
equatorial rainforest. The living standard of its
population is sustained by oil and gas exports.
The population is estimated at 406, 200
people (2009 estimated) with 57.2 per cent
are aged from 20 to 54 years old.
2. BRUNEI DARUSSALAM’s ECONOMY OVERVIEW
Brunei Darussalam has a small but wealthy economy, which is growing at a slow and steady
rate. It has remained stable with an average inflation rate of 1.5% over the past twenty
years. The people of Brunei Darussalam enjoy a high quality of life with an estimated
US$31,000 per capita income – the second highest in the ASEAN region.
Brunei Darussalam’s economy has been
dominated by the oil and gas industry for the
past 80 years. Hydrocarbon resources account
for over 90% of its export and more than 50%
of its Gross Domestic Product. Today, Brunei
Darussalam is the third largest oil producer in
South East Asia and the fourth largest produc