This small, wealthy economy is a mixture of foreign and domestic entrepreneurship, government regulation, welfare measures, and village tradition. Crude oil and natural gas production account for about 90% of its GDP. About 167,000 barrels (26,600 m3) of oil are produced every day, making Brunei the fourth-largest producer of oil in Southeast Asia. It also produces approximately 25.3 million cubic meters of liquefied natural gas per day, making Brunei the ninth-largest exporter of the substance in the world.
Substantial income from overseas investment supplements income from domestic production. Most of these investments are made by the Brunei Investment Agency, an arm of the Ministry of Finance. The government provides for all medical services, and subsidizes rice and housing.
The national air carrier, Royal Brunei Airlines, is trying to develop Brunei as a modest hub for international travel between Europe and Australia/New Zealand. Central to this strategy is the position that the airline maintains at London Heathrow Airport. It holds a daily slot at the highly capacity-controlled airport, which it serves from Bandar Seri Begawan via Dubai. The airline also has services to major Asian destinations including Shanghai, Bangkok, Singapore and Manila.
Brunei depends heavily on imports such as agricultural products (e.g. rice, food products, livestock, etc.), motorcars and electrical products from other countries. Brunei imports 60% of its food requirements, of that amount, around 75% come from the ASEAN countries.
Brunei's leaders are very concerned that steadily increased integration in the world economy will undermine internal social cohesion. But, it has become a more prominent player by serving as chairman for the 2000 Asia-Pacific Economic Cooperation (APEC) forum. Leaders plan to upgrade the labor force, reduce unemployment, which currently stands at 6%, strengthen the banking and tourism sectors, and, in general, broaden the economic base.