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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 the world.

Location

Southeastern Asia, along the northern coast of the island of Borneo, bordering the South China Sea and Malaysia

Natural Resources

petroleum, natural gas, timber

Population - distribution

395027
Malay (official), English, Chinese dialects
BANDAR SERI BEGAWAN (capital) 241,000
Conventional long form
Brunei Darussalam
Conventional short form
Brunei
Local long form
Negara Brunei Darussalam
Local short form
Brunei
absolute monarchy or sultanate
Name
Bandar Seri Begawan
Geographic coordinates
4 53 N, 114 56 E
Time difference
UTC+8 (13 hours ahead of Washington, DC, during Standard Time)
has not submitted an ICJ jurisdiction declaration; non-party state to the ICCt
Brunei is an energy-rich sultanate on the northern coast of Borneo in Southeast Asia. Brunei boasts a well-educated, largely English-speaking population; excellent infrastructure; and a stable government intent on attracting foreign investment. Crude oil and natural gas production account for approximately 65% of GDP and 95% of exports, with Japan as the primary export market.
Inflation
-0.732%
Total tax rate (% of commercial profits)
8.7%
Real Interest Rate
16.165%
Manufacturing, value added (% of GDP)
11.461%
Current Account Balance
US$ 2,070,943,253
Labor Force, Total
205,406
Employment in Agriculture
0.60%
Employment in Industry
18.70%
Employment in Services
80.80%
Unemployment Rate
2.00%
Imports of goods and services
US$ 4,261,899,816
Exports of goods and services
US$ 5,249,031,813
Total Merchandise Trade
70.61%
FDI, net inflows
US$ 173,243,340
Commercial Service Exports
US$ 640,037,152
rice, vegetables, fruits; chickens, water buffalo, cattle, goats, eggs
petroleum, petroleum refining, liquefied natural gas, construction, agriculture, transportation
Commodities
mineral fuels, organic chemicals
Partners
Japan 36.1%, South Korea 14.9%, Thailand 10.9%, India 9.3%, NZ 5.6%, Australia 5% (2015)
Commodities
machinery and mechanical appliance parts, mineral fuels, motor vehicles, electric machinery
Partners
Singapore 27.9%, China 25.3%, Malaysia 12.3%, UK 10.6%, South Korea 4.9% (2015)
Country Risk Rating
Business Climate Rating

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