What is The Economic Condition of Brunei?
Brunei is a developed country. This is because of many contributing factors like life expectancy, infant mortality rates, and literacy rates. The high life expectancy rate means that the country has a good healthcare system and along with that, doctors and others.
The HDI score is high and this is a good sign as it signifies a high quality of life. Overall, the economy is stable, almost everyone is literate and people can expect to live a long life.
While it is reliant on natural resource extraction for most of its economy and incoming revenue, It also comprises a mixture of foreign and domestic entrepreneurship, crude oil and natural gas production which intern makes up for 60% of the GDP GDP Per Capita; $54,100.