Latest News on Forbes – Forbes Brunei
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Brunei Darussalam, a small sultanate located on the northern coast of Borneo Island, is one of the richest nations in Southeast Asia. With a GDP of $13.2 billion and a population of only around 450,000, Brunei has the highest per capita income in the region and is ranked 6th in the world. Its vast oil and gas reserves are the backbone of its economy, accounting for over 90% of its exports and government revenue.
Despite the country’s heavy reliance on oil and gas, the Brunei government has been taking steps to diversify its economy and reduce its dependence on these finite resources. In 2017, the government launched its “Economic Blueprint” initiative, which aims to develop the country’s non-oil and gas sectors, including tourism, agriculture, and halal products.
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