2 facts
Brunei's economy thrives on oil and gas, driving high GDP per capita. Discover its efforts to diversify beyond hydrocarbons for sustainable growth.
The discovery of oil in Seria marked the beginning of Brunei's journey to becoming one of the world's wealthiest nations per capita. This pivotal event laid the foundation for its modern economy and welfare state, driving rapid development.
The government's substantial revenue from oil and natural gas exports allows it to provide extensive welfare benefits and maintain a tax-free environment for its citizens. This policy significantly contributes to a high standard of living.
