Brunei Darussalam

Brunei is a country where the standard of living depends almost entirely on oil and natural gas prices. Industry employs 61.1% of the working-age population, it provides 71.6% of GDP. The main industries are the oil and gas industry. The Government is taking measures to diversify the economy.

About 90% of tax collections are accounted for by the oil and gas sector. Brunei ranks 9th in the world in terms of the amount of liquefied gas exported and 3rd in terms of oil production in Southeast Asia. Japan buys more than 80% of the necessary petroleum products in Brunei. Another major importer of hydrocarbons is South Korea.

Total energy reserves are estimated at 0.752 billion tons (in coal equivalent). At the end of 2019, the net installed capacity of power plants is 1109 MW, including: thermal power plants burning organic fuel - 99.9%, renewable energy sources - 0.1%.

Agriculture employs 2.9% of the able-bodied population, it provides 0.9% of GDP. Agriculture covers only a small part of the country's food needs. Vegetables, rice, cassava, natural rubber, bananas, sweet potatoes are grown.

Export items: crude oil, liquefied gas Export partners: Japan 30.5%, Indonesia 19.9%, South Korea 14.9%, Australia 11.5%, USA 7.7%.

Import items: machinery and equipment, food, chemicals. Import partners: Singapore 31.6%, Malaysia 19%, Great Britain 8.1%, Japan 5.6%, China 5.5%, Thailand 4.6%.