Brunei’s economy is heavily reliant on oil and gas, which account for the majority of GDP and government revenue. Market competition is limited outside the energy sector, though diversification efforts are underway in finance and tourism. Public policies emphasize sustainable development under Wawasan 2035. Regulatory frameworks are business-friendly but face challenges in fostering private sector growth. Bruneian society is affluent, with a strong welfare system. Education access is universal, with growing emphasis on vocational and technical skills. Healthcare is advanced, reflecting the country’s wealth. Climate challenges, including deforestation and coastal erosion, necessitate sustainable development strategies. Brunei’s wealth and governance provide a strong foundation for long-term growth.
