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EIU Brunei

Overview

Brunei will remain one of the world’s last autocratic states. The sultan, Hassanal Bolkiah Mu'izzaddin, has given no indication that his vague promises of partial democratisation will be fulfilled in the forecast period. The sultanate will continue to focus on attempts to move away from dependence on the energy sector. Overall GDP growth may be weak, but the key question will be the extent to which investment can be encouraged outside of the energy sector. The sultanate will continue to record large fiscal surpluses, owing to revenue from the oil and gas segments. Large current-account surpluses are also likely in 2009-10, bolstered by continued healthy surpluses on the merchandise trade account and by income inflows from investments abroad.

Key Reports Available for Brunei
  • Country Report
  • Country Profile
  • Basic Data

    Land area
    5,765 sq km
    Population
    383,000 (2006 government estimates)
    Main towns
    Bandar Seri Begawan (capital; population 27,285, 2001 census)
    Climate
    Tropical
    Weather in Bandar Seri Begawan (altitude 300 metres)
    Hottest month, August, 24-33°C (average daily minimum and maximum); coldest month, January, 24-30°C; driest months, February and August, 100 mm average rainfall; wettest months, January and November, 3,000 mm average rainfall
    Languages
    Malay; Chinese and English are also used
    Measures
    The metric system. Local measures include:
    1 pikul=25 gantang=100 katis=60.48 kg
    1 koyan=40 pikul=2.419 tonnes
    Currency
    Brunei dollar or ringgit (Br$)=100 sen (cents). The currency is interchangeable with the Singapore dollar. Average exchange rate in 2007: Br$1.51:US$1. Exchange rate at end-March 2008: Br$1.39:US$1
    Fiscal year
    April-March
    Time
    8 hours ahead of GMT
    Public holidays
    January 1st (New Year’s Day), 10th (Islamic New Year); February 7th (Chinese New Year), 23rd (National Day); March 20th (Prophet Mohammed’s birthday); May 31st (Royal Brunei Armed Forces Day); July 15th (sultan’s birthday), 30th (Israk Mikraj, Ascension of the Prophet); September 2nd (beginning of Ramadan), 17th (Anniversary of the Revelation of the Quran); October 2nd (Hari Raya Aidilfitri, end of Ramadan); December 9th (Hari Raya Aidiladha, Feast of the Sacrifice), 25th (Christmas Day), 29th (Islamic New Year). Islamic holidays are based on lunar sightings.


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