Brunei Darussalam

Includes historical data for Brunei Darussalam’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Growth Reliant On Energy Exports

A Southeast Asian nation with a population of less than half a million, Brunei relies heavily on its oil and gas sector, which accounts for 90% of government revenue and over half of the GDP, making it one of the world’s wealthiest countries. The government strives to expand beyond its oil-dependent economy and actively promotes foreign direct investment through streamlined processes, and tax reliefs and incentives. Key investment sectors include aerospace, defense, agribusiness, and projects in solar power, electric vehicles and emissions reduction.

Weaknesses include exposure to fluctuating international oil prices, supply chain disruptions and reliance on imports for manufactured goods. Further, the government’s strong presence in the economy hampers competition and stifles private-sector initiatives.

Macroeconomy & Sovereign Data

Type of Government Absolute monarchy or sultanate (locally known as Malay Islamic Monarchy)
Capital Bandar Seri Begawan
Sovereign Ratings S&P: Not rated
Moody’s: Not rated
Fitch: Not rated
Total Population 441,000
Median Age 32.8
Adult Per Capita Income (PPP) USD 103,716
Total GDP (2023) USD 15.8 billion

Brunei Darussalam GDP & Economic Overview

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Trade & Investment

Total Exports USD 7.6 billion (2022)
Leading Exports Crude Petroleum
Refined Petroleum
Tug Boats
Total Imports USD 14.4 billion (2022)
Leading Imports Refined Petroleum
Natural Gas
Crude Petroleum
Industrial Hydrocarbons
Industrial Alcohols                                                                       
Source: World Integrated Trade Solution

Brunei Darussalam Leading Companies

Bank Islam Brunei Darussalam Financials
Baiduri Bank Financials
Brunei Shell Petroleum (BSP) Energy, Exploration & Production
DST Group Telecommunication Services
Royal Brunei Airlines Transportation, Airlines
Pertamina Brunei Energy, Exploration & Production
Brunei Fertilizer Industry (BFI) Materials, Chemicals

Major Trade Partners — Import

Malaysia 22.3%
Russia 15.3%
Saudi Arabia 10.9%
Singapore 9.0%
China 6.7%

Major Trade Partners — Export

Japan 44.1%
South Korea 15.7%
India 8.9%
Australia 7.5%
New Zealand 5.1%

Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000