Background: Although greatly reduced in size since its heyday of the 16th century the Sultanate of Brunei sits atop extensive petroleum and natural gas fields the source of one of the highest per capita GDPs in the less developed countries.
Natural hazards: typhoons earthquakes and severe flooding are very rare
Geography Note: close to vital sea lanes through South China Sea linking Indian and Pacific Oceans; two parts physically separated by Malaysia; almost an enclave of Malaysia
Legislative branch: unicameral Legislative Council or Majlis Masyuarat Megeri (a privy council that serves only in a consultative capacity; NA seats; members appointed by the monarch)
Judicial branch: Supreme Court chief justice and judges are sworn in by the monarch for three-year terms
Political parties and leaders: Brunei Solidarity National Party or PPKB in Malay [Haji Mohd HATTA bin Haji Zainal Abidin president]; the PPKB is the only legal political party in Brunei; it was registered in 1985 but became largely inactive after 1988 it was revived in 1995 and again in 1998; it has less than 200 registered party members; other parties include Brunei People's Party or PRB (banned in 1962) and Brunei National Democratic Party (registered in May 1965 deregistered by the Brunei Government in 1988)
International organization participation: APEC ASEAN C CCC ESCAP G-77 IBRD ICAO ICRM IDB IFRCS IMF IMO Inmarsat Intelsat Interpol IOC ISO (correspondent) ITU NAM OIC OPCW UN UNCTAD UPU WHO WIPO WMO WTrO
Flag description: yellow with two diagonal bands of white (top almost double width) and black starting from the upper hoist side; the national emblem in red is superimposed at the center; the emblem includes a swallow-tailed flag on top of a winged column within an upturned crescent above a scroll and flanked by two upraised hands
Economy overview: This small wealthy economy is a mixture of foreign and domestic entrepreneurship government regulation and welfare measures and village tradition. It is almost totally supported by exports of crude oil and natural gas with revenues from the petroleum sector accounting for over half of GDP. Per capita GDP is far above most other Third World countries and substantial income from overseas investment supplements income from domestic production. The government provides for all medical services and subsidizes food and housing. The government has shown progress in its basic policy of diversifying the economy away from oil and gas. Brunei's leaders are concerned that steadily increased integration in the world economy will undermine internal social cohesion although it has taken steps to become a more prominent player by serving as chairman for the 2000 APEC (Asian Pacific Economic Cooperation) forum. Growth in 1999 is estimated at 2.5% due to higher oil prices in the second half.
Labor force: 144,000 (1995 est.); note - includes foreign workers and military personnel By occupation: government 48% production of oil natural gas services and construction 42% agriculture forestry and fishing 10% (1999 est.)
Exports: $2.04 billion (f.o.b. 1998 est.) Commodities: crude oil liquefied natural gas petroleum products Partners: Japan 51% UK 14% US 10% Singapore 8% Thailand 3% (1998)
Imports: $1.38 billion (c.i.f. 1998 est.) Commodities: machinery and transport equipment manufactured goods food chemicals Partners: Singapore 32% UK 17% Malaysia 12% France 12% US 5% (1998)
Exchange rates: Bruneian dollars (B$) per US$1 - 1.6733 (January 2000) 1.6950 (1999) 1.6736 (1998) 1.4848 (1997) 1.4100 (1996) 1.4174 (1995); note - the Bruneian dollar is at par with the Singapore dollar
Disputes international: possibly involved in a complex dispute over the Spratly Islands with China Malaysia Philippines Taiwan and Vietnam; in 1984 Brunei established an exclusive fishing zone that encompasses Louisa Reef in the southern Spratly Islands but has not publicly claimed the island