Asian Development Bank and Brunei Darussalam: Fact Sheet

This ADB Fact Sheet provides information on Brunei Darussalam's contributions to ADB in terms of capital subscription and funding and the country’s delegates to ADB.

Brunei Darussalam is a high-income country with an economy driven mainly by the energy sector. The country has a small population, with two-thirds of its workforce being migrant labor.

Brunei Darussalam’s economic growth remained low in 2014, largely due to a decline in domestic production of crude oil and liquefied natural gas. The Government of Brunei Darussalam recently launched a program for enhancing oil and gas production in the medium to long-term by increasing investment and expanding value-added petrochemical products. The government is also promoting the gradual expansion of the non-energy sector. The Wawasan Brunei 2035–Long Term Perspective Plan emphasizes the need to diversify the economy by expanding the manufacturing, construction, and service sectors. With a stable currency, and effective subsidies and price controls, inflation in Brunei Darussalam generally remains subdued. Substantial fiscal and current account surpluses provide a cushion for the country against external economic shocks.

 

 
This page was generated from http://www.adb.org/publications/brunei-fact-sheet on 03 August 2015