Market Research In Brunei Darussalam

Brunei Darussalam Profile:

  • Brunei is the only sovereign state completely on the island of Borneo; the remainder of the island’s territory is divided between the nations of Malaysia and Indonesia.
  • Brunei has the second-highest Human Development Index among the Southeast Asian nations, after Singapore, and is classified as a “developed country”.
  • Brunei is ranked fifth in the world by gross domestic product per capita at purchasing power parity.
  • Brunei ranks as the fifth-richest nation out of 182, based on its petroleum and natural gas fields.
  • Brunei became the 49th member of the Commonwealth, the sixth member of ASEAN and a founding member of the World Trade Organization.

Brunei Darussalam Economy:

  • Brunei is an energy-rich sultanate on the northern coast of Borneo in Southeast Asia and boasts a well-educated, largely English-speaking population; excellent infrastructure; and a stable government intent on attracting foreign investment.
  • Brunei has developed wealth from extensive petroleum and natural gas fields, which account for approximately 65% of GDP and 95% of exports, with Japan as the primary export market.
  • Bruneian citizens pay no personal income taxes, and the government provides free medical services and free education through the university level.
  • The Bruneian Government wants to diversify its economy away from hydrocarbon exports to other industries such as information and communications technology and halal manufacturing, permissible under Islamic law.
  • Brunei’s trade in 2016 was set to increase its regional economic integration in the ASEAN Economic Community, and the expected ratification of the Trans-Pacific Partnership trade agreement.

Brunei Darussalam Facts:

  • Population: 443,593
  • Capital: Bandar Seri Begawan
  • Largest city: Bandar Seri Begawan
  • Area: 5,765 sq km
  • Major language: Malay (Bahasa Melayu) (official), English, Chinese dialects
  • Major religion: Muslim (official) 78.8%, Christian 8.7%, Buddhist 7.8%, other 4.7%
  • Life expectancy: 75 years (Male), 79.8 years (Female)
  • Monetary unit: 1 Brunei Dollar(B$, BND) = 100 Sen
  • Main exports: Mineral fuels, organic chemicals
  • GNI per Capita: $83,170

Our Market Research Services in Brunei Darussalam:

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