- Total two-way trade: $474 million (2016)
- Trade in goods: $358 million
- Trade in services: $116 million
- Total two-way investment stock: $143 million (2016)
- Australian investment in Brunei: $50 million (2016)
- Brunei investment in Australia: $93 million (2016)
- Population: 400,000
- GDP growth: -3.2% (2016)
- GDP: US$11.2 billion (2016)
- GDP per capita: US$26,424.40 (2016)
- Ease of doing business: 72 of 190 (2017)
AANZFTA RCEP TPP
Brunei's small, high-income, open economy is underpinned by revenue from the oil and gas sector which accounts for over 50 per cent of Brunei's GDP. Small-scale manufacturers and primary production, including agriculture, fisheries and forestry, make up the remainder of the economy. Brunei imports nearly all of its major manufactured products and about 80 per cent of its food requirements. Brunei has one of the highest per capita GDPs in Asia and a low-tariff regime.
The Brunei Government is working towards diversifying the economy by promoting private non-energy sector development and attracting more non-oil and gas related investment.
Vision 2035 (Wawasan 2035) is the Government's long-term policy that seeks to develop a well-educated and skilled nation, high quality-of-life and a dynamic and sustainable economy.
Malaysian firms dominate the country's foreign investment profile. But there are strong opportunities for Australia in oil and gas maintenance and services, premium food and agribusiness, and international education.