Brunei Darussalam

Abstract

Brunei Darussalam is one of the more recent members of the Asian Development Bank (ADB), joining in 2006. The country’s economy is driven by the energy sector and, in light of low international oil prices, its economy contracted since 2013. Brunei Darussalam is now more actively pursuing economic diversification. Most indicators of social and human development in Brunei Darussalam are well above regional averages. The country also ranked 31st in the United Nations Development Programme’s Human Development Report 2015.