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Economic Setting::Brunei
Reported by:Rosemel Arevalo
(Crim. 2-B, Group 2)
Economic Setting: Brunei
• The economy of Brunei is overwhelmingly dependent on the production of petroleum and natural gas. Oil fields were first discovered in 1929 at Seria, in western Brunei, but production has since expanded to offshore fields.
Economic Setting: Brunei
Crude oil output in 2004 was 62 million barrels. The Brunei Investment Agency (BIA) is responsible for investing petroleum and natural gas profits and represents another important source of national
Economic Setting: Brunei
revenue. Of minor importance to the economy is the production of textiles and rubber. Local production of fish and rice does not meet national needs. Exploitation of the country’s forest reserves is increasing.
Economic Setting: Brunei
The country has 1,150 km (715 mi) of roads, mostly along the coast. Rivers form the principal network of transportation into the interior. The chief ports are Bandar Seri Begawan, Kuala Belait, and Muara. Royal Brunei
Economic Setting: Brunei
Airlines, the state-owned carrier, provides service to a number of international destinations.
Economic Setting: Brunei
Brunei’s unit of currency is the Brunei dollar (1.60 Brunei dollars equal U.S.$1; 2006 average). The gross domestic product (GDP) of $30,269.70 per capita in 2006 was among the world’s highest, although much of this wealth is
Economic Setting: Brunei
concentrated in relatively few hands.
Economic Setting: Brunei
Source:
Microsoft ® Encarta ® 2009. © 1993-2008 Microsoft
Corporation. All rights reserved.
Economic Setting: Brunei
Terima Kasih!!!
Economic Settingas we
Understanding
Economic Community
for
establish an
Republic of the PhilippinesCAPIZ STATE UNIVERSITY
Dumarao Satellite College, Dumarao, Capiz
Theme: “Understanding Better the Political, Economic & Socio-Cultural Setting of Southeast Asian Nations
for Peace, Prosperity & People”
March 09, 2015 (8:00-11:30 am)Campus Library
