Thailand
Brunei
The Sultanate of Brunei’s influence peaked between the 15th and 17th centuries when its control extended over coastal areas of northwest Borneo and the southern Philippines. Brunei subsequently entered a period of decline brought on by internal strife over royal succession, colonial expansion of European powers, and piracy. In 1888, Brunei became a British protectorate; independence was achieved in 1984. The same family has ruled Brunei for over six centuries. Brunei benefits from extensive petroleum and natural gas fields, the source of one of the highest per capita GDPs in Asia. Capital: Bandar Seri Begawan Area: 5,765 km2 (water: 500 km2) Population: 429,646 (July 2015 est.) Currency: Brunei dollar (BND) Languages: Malay (official), English, Chinese dialects Brunei has a small well-to-do economy that depends on revenue from natural resource extraction but encompasses a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for 60% of GDP and more than 90% of exports. Per capita GDP is among the highest in Asia, and substantial income from overseas investment supplements income from domestic production. For Bruneian citizens the government provides for all medical services and free education through the university level. The government of Brunei has been emphasizing through policy and resource investments it strong desire to diversity its economy both within the oil and gas sector and to new sectors. GDP (purchasing power parity): $22.25 billion (2013 est.) country comparison to the world: 128 $21.93 billion (2012 est.) $21.73 billion (2011 est.) note: data are in 2013 US dollars $16.56 billion (2013 est.) 1.4% (2013 est.) country comparison to the world: 162 0.9% (2012 est.) 3.4% (2011 est.) $54,800 (2013 est.) country comparison to the world: 11 $54,900 (2012 est.) $55,200 (2011 est.) note: data are in 2013 US dollars GDP – composition, by end use: household consumption: 22.1% government consumption: 18.2% investment in fixed capital: 14.6% investment in inventories: 0% exports of goods and services: 78.4% imports of goods and services: -33.3% (2013 est.) GDP – composition, by sector of origin: agriculture: 0.7% industry: 70.9% services: 28.4% (2013 est.) rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs petroleum, petroleum refining, liquefied natural gas, construction, agriculture, transportation Industrial production growth rate: 1.5% (2013 est.) country comparison to the world: 13 205,800 (2011 est.) country comparison to the world: 169 agriculture: 4.2% industry: 62.8% services: 33% (2008 est.) 2.6% (2011) country comparison to the world: 21 2.7% (2010) Population below poverty line: NA% Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA% revenues: $6.992 billion expenditures: $5.366 billion (2013 est.) 42.2% of GDP (2013 est.) country comparison to the world: 28 Budget surplus (+) or deficit (-): 9.8% of GDP (2013 est.) country comparison to the world: 5 1 April – 31 March Inflation rate (consumer prices): 1% (2013 est.) country comparison to the world: 21 0.5% (2012 est.) Commercial bank prime lending rate: 5.5% (31 December 2013 est.) country comparison to the world: 147 5.5% (31 December 2012 est.) $3.472 billion (31 December 2013 est.) country comparison to the world: 115 $3.509 billion (31 December 2012 est.) $11.92 billion (31 December 2013 est.) country comparison to the world: 98 $11.41 billion (31 December 2012 est.) $2.846 billion (31 December 2013 est.) country comparison to the world: 129 $2.351 billion (31 December 2012 est.) Market value of publicly traded shares: $NA $3.977 billion (2009 est.) country comparison to the world: 31 $12.75 billion (2011) country comparison to the world: 86 $9.88 billion (2010) crude oil, natural gas, garments Japan 45.7%, South Korea 15.1%, Australia 9.1%, NZ 6.6%, India 5.8%, Vietnam 4.7% (2012) $3.02 billion (2011 est.) country comparison to the world: 147 $2.73 billion (2010 est.) iron and steel, motor vehicles, machinery and transport equipment, manufactured goods, food, chemicals Singapore 26.3%, China 21.3%, UK 21.3%, Malaysia 11.8% (2012) $0 (2005) country comparison to the world: 203 Bruneian dollars (BND) per US dollar – 1.23 (2013 est.) 1.2496 (2012 est.) 1.3635 (2010 est.) 1.45 (2009) AGENCIES & ORGANIZATIONS Brunei Economic Development Board Tel: (+673) 2230111 Department of Economic Planning and Development (JPKE) Tel: (+673) 2233344 Entrepreneurial Development Centre Ministry of Industry and Primary Resources (MIPR) BANKING Baidri Bank Berhad Block A, Units 1-4, Kiarong Complex Lebuhraya Hongkong and Shanghai Banking Corporation Limited (HSBC) Corner of Jalan Sultan/Jalan Pemancha Bandar Seri Begawan BS 8811 Citibank Darussalam Complex 12-15 Jalan Sultan Malayan Banking Berhad (Maybank) No.1, Jalan Mc Arthur Bandar Seri Begawan BS 8711 Bank Islam Brunei Darussalam (BIBD) Berhad Bangunan BIBD Jalan Pemancha Standard Chartered Bank 51-55, Jalan Sultan Bandar Seri Begawan BS 8811 United Overseas Bank Limited Unit No. 10 & 11 Bangunan D’Amin Jaya RHB Bank Berhad Perbadanan Tabung Amanah Islam Brunei berhad (TAIB) BRUNEI
Email: [email protected]
Website: www.bedb.com.bn
Email: [email protected]
Website: www.depd.gov.bn
Tel: (+673) 2333964/ 2334172
Email: [email protected]
Website: www.bruneimipr.gov.bn
Sultan Hassanal Bolkiah Bandar Seri Begawan BE1318
Brunei Darussalam
Website: www.baiduri.com.bn
Year Established: 1993
Brunei Darussalam
Website: www.hsbc.com.bn
Year Established: 1947
Bandar Seri Begawan BS 8811
Brunei Darussalam
Year Established: 1972
Brunei Darussalam
Year Established: 1960
Bandar Seri Begawan BS 8711
Brunei Darussalam
Website: www.bibd.com.bn
Year Established: 2005
Brunei Darussalam
Website: www.standardchartered.com.bn
Year Established: 1958
Lot 54989 Kampong Kiarong Mukim Gadong
Brunei Darussalam
Year Established: 1974
Unit G.02, Ground Floor, Block D Kompleks Yayasan SHHB
Jalan Pretty, BSB BS8711
Brunei Darussalam
Year Established: 1964
Bangunan Ibu Pejabat Perbadanan TAIB
Jalan Sultan
Bandar Seri Begawan BS8811
Brunei Darussalam
Website: www.taib.com.bn
Year Established: 1991
