Brunei's Economy – The Savey Fox

Howdy everyone! This page is dedicated as a so-called “Master Page” for me to update with posts pertaining to Brunei’s Economy. It’s mostly for posts about our little nation’s growth annually because this blog isn’t really targeted towards macroeconomics. Nonetheless, I think the information should be pretty interesting for readers to learn how we as a country did in the previous years.

The posts only date back to 2016 because that was the year The Savey Fox came to being! 🎉

Posts about Brunei’s Economy

Brunei’s Economy in 2016

Brunei’s Economy in 2017

Background About Brunei

map of location of brunei in southeast asia

Brunei’s Location in Southeast Asia

The Flag of Brunei

The Sultanate of Brunei Darussalam is a small, energy-rich country situated on the northern coast of the island of Borneo in Southeast Asia. It is a hot and humid tropical country which borders the South China Sea to the north, Malaysia to the east and west, and Indonesia to the south. 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. Per capita GDP is among the highest in the world, and substantial income from overseas investment supplements income from domestic hydrocarbon production.

Bruneian citizens do not pay personal income taxes, and the government provides free medical services and free education through the university level.

Data Matters

Economic data numbers are mostly plucked from Brunei’s DEPD website (see below). Charts and so on are either adopted or generated myself through Excel sheets.