Brunei: Economic Setting
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Transcript of Brunei: Economic Setting
Economic Setting:
Brunei
Reported by:
Pearl Blossom O. Jagonio
(BSEd 3-B, Group 2)
Economic Setting:
Brunei
• The economy of Brunei isoverwhelmingly dependent onthe production of petroleum andnatural gas. Oil fields were firstdiscovered in 1929 at Seria, inwestern Brunei, but productionhas since expanded to offshorefields.
Economic Setting:
Brunei
Crude oil output in 2004 was 62million barrels. The BruneiInvestment Agency (BIA) isresponsible for investingpetroleum and natural gasprofits and represents anotherimportant source of national
Economic Setting:
Brunei
revenue. Of minor importance tothe economy is the production oftextiles and rubber. Localproduction of fish and rice doesnot meet national needs.Exploitation of the country’sforest reserves is increasing.
Economic Setting:
Brunei
The country has 1,150 km (715mi) of roads, mostly along thecoast. Rivers form the principalnetwork of transportation intothe interior. The chief ports areBandar Seri Begawan, KualaBelait, and Muara. Royal Brunei
Economic Setting:
Brunei
Airlines, the state-owned carrier,provides service to a number ofinternational destinations.
Economic Setting:
Brunei
Brunei’s unit of currency is theBrunei dollar (1.60 Brunei dollarsequal U.S.$1; 2006 average). Thegross domestic product (GDP) of$30,269.70 per capita in 2006was among the world’s highest,although much of this wealth is
Economic Setting:
Brunei
concentrated in relatively fewhands.
Economic Setting:
Brunei
Source:
Microsoft ® Encarta ® 2009. © 1993-2008 Microsoft
Corporation. All rights reserved.
Economic Setting:
Brunei
Terima Kasih!!!
Economic Setting
as we
Understanding
Economic Community
for
establish an
Republic of the Philippines
CAPIZ STATE UNIVERSITY
Dumarao Satellite College, Dumarao, Capiz
Theme: “Understanding Better the Political, Economic & Socio-Cultural
Settings of Southeast Asian Nations forPeace, Prosperity & People”
May 25, 2015 (8:00-11:30 am)
Campus Library