Brunei Darussalam’s GDP per capita of US$31,070 is the second highest per capita income in the ASEAN (the Association of Southeast Asian Nations) region. But with a population of around 390,000 citizens (plus a significant number of foreign workers) Brunei’s economy is small.
The oil and gas sector forms the backbone of the economy. But Brunei’s oil and gas reserves are conservatively estimated to last only another 20 years. Small-scale manufacturing and primary production are the predominant non-oil sectors.
The government is proactively diversifying the country’s sources of economic growth including pushes into tourism, transportation, financial services, developing oil and gas-related downstream activities and a port and industrial complex
