Business and communications
In 1929, the oil deposits began to be extracted, and
these have made Brunei one of the richest countries in the
world. Oil and natural gas account for about 90 percent of
export earnings. Brunei is jokingly called the shellfare
state. a welfare state based on revenue from the oil company
COUNTRYAAH, efforts to make the economy more versatile have failed.
Fisheries and agriculture have declined, and the latter is
now mostly conducted as binary. More than 80 percent of the
food must be imported. As part of the food supply, the state
has purchased a 5,858 km2 large livestock farm in
Australia. Formerly important rubber production has almost
ceased. In 2010, a large methanol factory was opened in the
country. There are also far-reaching plans to build power
plants in the Sungai Liang region. The Chinese are
economically leading and dominate the business world, while
Malaysians predominate in administration (40-50 percent of
the workforce is publicly employed). The country's economic
assets, which are mainly invested in banks rather than
invested, are in principle the Sultan's private wealth.
Brunei has no public railways, but Brunei Shell Petroleum
Co. operates a 13 km long railway between Seria and Badas.
Along the coast there are quite good roads. Otherwise, the
road network is substandard. Inland, rivers are the most
important communication routes. Shipping is traditionally of
great importance. Brunei's most important port is Muara.
International airport is located in the capital.
For information on GDP and other business statistics, see